>> warm welcome to our viewers who have tuned into life in paris. these are the top stories this hour. washington revokes the visas of 21 saudis suspected of involvement in the killing of journalist jemele can showingy. this after president trump called the affair the worst ever coverup. keep your hands off our budget. italy issues a stern warning after the european commission rejects its 2019 spending plan,

accusing the country of consciousably flouting pledges made. and the president told algeria's national assembly refuses to resign, despite pressure from m.p.'s. this as a north african nation grapples with its most serious political crisis in more than two decades. money and more money. why france suddenly as a lot more millionaires. plus, imagine winning $1.6 billion playing the lottery. that's exactly how much one person has won in the u.s. state of south carolina. all that and plenty more coming up here. stay tuned. >> first to our top story. a botched operation and a bad concept. the words of the u.s. president

donald trump as he called saudi arabia's response to the death of journalist jemele khashoggi the worst coverup ever. on tuesday trump for the first time hinted the saudi crown prince should have played a -- could have played a hand in the operation to kill khashoggi on october 2. this amid growing calls to ramp up pressure on riyadh. the u.s. says revoke the visas of 21 suspects and warned its mulling over further sanctions. here's president trump speaking. president trump: however they talk about it, nothing that they've done has done well. it certainly has not been spoken of properly. they did the wrong thing. even thinking about the idea. they certainly did bad job of execution and they certainly did a bad job of talking about it or covering it up, if you'd like to say that. but i would say it was a total fiasco. from day one. from the thought. whoever put it in their minds, that was not a good thought.

the process was no good. the execution was no good. and the coverup, if you want to call it that, was certainly no good. >> the saudi crown prince is meanwhile gearing up to address the future investment initiative summit in this wednesday. his first international speech since the killing of jemele khashoggi. the summit, which is an initiative, is aimed at attracting foreign investment to stimulate growth in the kingdom. the slaying, though, of the "washington post" journalist has seen many international business leaders pull out of the event in protest. let's stay with that future investment initiative which has opened in saudi arabia, despite this growing tension over the murdered journalist. numerous western leaders have pulled out. the saudi crown prince insists the conference has already been a success. reporter: the investment forum

dubbed davos in the desert, opened in riyadh on tuesday. despite major fallout over the murder of saudi journalist, jemele khashoggi. and yet seeking to reinsure investors, saudi officials maintain the kingdom is in the midst of a historic transformation. >> our partners are here with us today to continue their journey with us are certainly going to look back and find out how the lessons have been learned from the incident. but at the same time how committed the kingdom is to its partners that stay the course. reporter: even prior to khashoggi's murder, foreign direct investment in saudi arabia had already begun to fall. they dropped by 1/3 between 2012 d 2015, from 12.2 billion to $8.1 billion. the decrease accelerated in 2017 to just $1.4 billion. experts say slowing foreign investments are due partly to the war in yemen. the embargo on qatar and the

purported anti-corruption crackdown late last year. still, despite fears khashoggi's killing could further discourage investors, i tendees at the conference -- attendees at the conference did not shy away from discussing it. >> i want to tell our guests that the terrible act in recent weeks are alien to our culture and our d.n.a. and i'm confident that all of the government, concerned authorities, and leadership, the truth will emerge. reporter: many doubt the journalist's disappearance will have a long-term effect on the saudi economy. some leaders boycotted the event, fearful of losing business. many western banks and companies still sent lower level executives. anchor: more about this i'm joined by simon. he's a lecturer in international relations at lancaster university in the u.k. thanks very much for speaking to us today. in the wake of the khashoggi

affair, president trump has basically said that canceling armed deals with saudi arabia would be like shooting themselves in the foot. how important are these deals between saudi arabia and the u.s.? >> there's obviously a huge economic dimension at play with regard to the deals. we know that there's billions of dollars at stake with regard to the trade between the two states. and if we look back to the crown prince's recent trip to the u.s., he spent a lot of time trying to get a couple of these deals over the line. he spent time withth mr. trump the white house, with some rather awkward looking documents that were sort of a-3 sized pieces of paper, outlining what the saudis were buying from the u.s. this is a really important deal for the u.s. economy. obviously there are a lot of jobs tied up to that. and it's going to have a massive impact on the u.s. economy if the u.s. cancels these arms

sales. anchor: there are those who say the u.s. could eslings use this as a bargaining -- could eslings use this as a barg -- essentially use this as a bargaining chip with riyadh. is that something that could work? >> yeah, i think when you've got a relationship like the one between the u.s. and saudi arabia, which dates back several decades to the end of the second world d war, it's a relationshi thatat has had its ebbs and flo, ups and downs. and you'd like to think that that type of relationship could withstand a frank and honest conversation. it's clear that what has hased recently with mr. khashoggi has had a m massiveve impact on the global perception of saudi arabia. but let's not forget that saudi arabia's human rights record is pretty abhorrent. there's been a great deal of concern expressed with regard to the treatment of polititical prisoners. and a number of other things. so i'd like to think that mr. trump and other saudi allies, including the u.k., including

france, would be able to have open and honest conversations with the saudis to express their concerns about the treatment of dissenters, about opposition groups. and about human rights in the kingdom. and i guess that arms deals, the capacity to sell arms to the saudis, although it has a massive economic impact on those host countries and those selling arms, it's certainly a massive carrot for the saudis if they want to continue buying the arms, then there could very easily be sort of objectives tied to that with regard to human rights and democracy. anchor: so far it doesn't look like there will be much movement when it comes to the u.s. and saudi relations. let's say for argument's sake the u.s. did cave in to international pressure, you know, putting more international pressure on riyadh. could we see riyadh look at other arms exporters, for example, like russia or like

china, or is that unlikely to happen? >> i think that's the big concern for people. the argument is, what is more important? is it the economic investment that you get from arms sales and the number of jobs that are created through arms sales? or is it more about the search for h human rights? the quest for human rights and dignity and treating people in a much more responsible way? and that, of course, is seen in the german decision to stop seselling arms to saudi arabia, particularly a certain type of arms that are used for combat. but the concern is, if we stop selling arms, if a certain state chooses to stop selling arms, in a quest to improve a human rights situation, or to p put pressure o on a state, unless tt ban is worldwide, then i it's vy easy to turn to a different state and say, we'd like to buy arms from you and that would certainly be the concern. the arms trade is dominated by a number of states, it's not a

complete monopoly. there are other alternatives to buying weapons f from the u.s. d from the u.k.k. the quality of those arms and weapons is not as good. that's certainly true. but there are options available. anchor: when it comes to european countries, germany is certainly leading the way in calls to rash et up the pressure on saudi arabia. france hasn't -- ratchet up the pressure on saudi arabia. france hasn't been quite as forthcoming. will we see the e.u. standing together in terms of following suit for what germany's doing? >> that's certainly what a number of germans are calling for. a strong e.u. line against saudi arabia and against not only the treatment of mr. khashoggi, his murder in the consulate, but also about the brutal, devastating conflict in yemen. and i think that's one of the things that has prompted the germans to take this decision. because not only are they concerned about mr. khashoggi's death, and the dubious way in which it's been framed by the saudi officials, but they're also concerned that a number of

their recent arms deals have included combat weaponry, including some tanks that are used explicitly for war-m-makin purposes. and now there are concerns that these have been used in yemen, much like there are concerns about u.k. weapons being used in yemen.n. anand that hasas had a devastat impactct on the country. leading to a situation where almost 23 million people are in dire need of humanitarian assistance. so i think that's really underpinning any german demands and urging for an e.u. response. but unfortunately, given the polilitical rangelings within t e.u. and particulalarly the tensnsions between the e.u. and the u.k., i don't think that will happen. anchor: ok. simon from lancaster university in the u.k. thanks for your time today. >> thank you. anchor: next, etly has delivered a stark -- italy has delivered a stark warning to the e.u., telling it to keep its hands off its budget. it comes as the european commission rejects italy's draft

2019 budget. it's the first time the e.u. executive has ever sent a member state back to the drawing board over spending plans. a high stakes battle with rome, one of the block's biggest economies, now looks set to follow. reporter: a european parliament member from italy's far right league party makes it known what he thinks of the european commission's decision. taking the financial affairs commissioner's notes and putting his shoe on them. after the commission rejected italy's proposed budgets and gave the country three weeks to redraft it, far right deputy prime minister was quick to fire back. >> no one will tolerate a single euro being removed from the budget. reporter: his populist coalition partner said the e.u. doesn't like the budgets because it's the first one to be written in rome and not in brussels. italy wants to hike the deficit to 2.4% of g.d.p., meaning it would not fulfill a pledge to

lower its debt, which already stands at more than double the e.u. limit. the government has promised voters tax cuts, universal income, and pension reforms. the rejection of their budget raises the stakes of a month-long dispute with the e.u. but it isn't necessarily a setback for coalition leaders. >> the coalition leaders will be able to say to those who elected them, you see, we want to give you more money, but europe is stopping us. reporter: it's a structure that's so far -- strategic that's so far been successful. anchor: algeria grappling with its most serious political crisis in more than two decades. for weeks m.p.'s have been trying to force the current national assembly president to resign. lawmakers accuse the man of misspending, claims which he strongly refutes. early this wednesday, m.p.'s held a first vote on whether his

position should be made vacant. as things stand, though, removing him legally is impossible. charlie james reports. reporter: october 16, nearly 200 members of parliament chain and padlocked the entrance of the people's national assembly, blocking access for its president. their goal -- to force him to resign. it's a demand first made two weeks earlier through a petition tabled in the sameably. -- assembly. >> we are within our rights. we have the rights the parliamentary majority to withdraw confidence from someone that for us no longer has the trust of the parties that supported him and chose him for this position. reporter: lawmakers from the five majority groups in parliament have accused him of mismanagement, illicit spending and dubious recruitment. even his own party, the national liberation front, turned on him. but according to o the constitution, , a vacancy can oy be valid in the case of

resignation, death or incapaty. and he refuses to step down. still, members of the majority declare the post vacant. opposition members spoke up. >> he has a five-year mandate and he can't be dismissed without his own consent. we are not behind him, but the problem is ththat we are violatg the constitution and rules. reporter: but the majority is moving forward. and wednesday m.p.'s are meeting to vote on a new nominee for speaker. several opposition groups announced they will boycott, but with majority's support, he's expected to be approved. he has said that despite the election, he would remain the assembly's legislate president. anchor: imagine winning $is.6 billion by simply playing -- $1.6 billion by simply playing the lottery. that's how much officials say one person in the u.s. state of south carolina has scooped up. megamillions officials say a ticket purchase matches all six

numbers in tuesday night's draw. the massive jackpot is the world ears largest ever lottery grand prize. jackpot has just been growing and growing since july when a group of california office workers won a cool $543 million. not too bad a win there. it's a quarter past 1:00 here in the french capital. a quick reminder of the top stories. washington revolkswagen the visas of 2 -- revokes the visas of 21 saudis suspected in the killing of journalist can showingy. this after president trump called the affair the worst-ever coverup. keep your hands off our bufplgt italy issues a stern warning after the european commission rejects its 2019 spending plan. accusing the country of consciously flouting pledges made. the president of algeria's national sameably refuses to resign. this despite pressure from m.p.'s. the north african nation is grappling with its most serious

political crisis in more than two decades now. time now for the business news. steven joins me here. you've been looking at market reactions to italy's budget battle. reporter: difficult to say and swallow for many in the european commission as well. this unprecedented standoff with the e.u. is causing already some ripples on the market, italy's cost of borrowing rose after the news came from brussels on tuesday. today things dipping somewhat. but still remaining pretty high. the 10-year bond yield now around 3.5%. compare that to just .4% for germany. this is how those borrowing costs have crept up since the start of the year. spiking as you can see in may. when that government was formed. the 10-year bond yield level now the last we saw since 2014. the reason we worry so much about italy's borrowing cost is because of how much debt the country has. this isn't a new issue.

but it is one that's gotten worse since the financial crisis. italy's debt now 132% of g.d.p. which means it's worth more than what the whole economy produces in a year. it's also the second highest in the eurozone after greece. anchor: real budget battle on their hands. got it. how is that affecting the stock markets? reporter: we have italian shares in the red today. but investors had largely priced in that move from the european commission. so not much -- too much to upset the european markets. you can see gains across the rest of the european markets. we're keeping an eye on shares in the british bank barkley. on the currency markets, euro trading for just under $1.15 and sterling has take an dip over the latest brexit uncertainty. we're also keeping an eye on the price of oil today. slumped sharply on tuesday. the benchmark international brent crude down again today. it was almost at $80 a barrel

just two days ago. $76 a barrel now. we've seen the price stabilize for now at least. anchor: italy's competition authority has made landmark decision about smartphones. reporter: the regulator hittle apple and samsung with fines between $5 million and $10 million euros for slowing down older phones. the manufacturers have faced accusations worldwide that they were encouraging software updates that slowed older models. thus encouraging users to buy new phones. this italian decision is the first of its kind on the subject. anchor: a mixed set of results from germany's's biggestst lend deutsche bank. reporter: profits there slumping by almost half in the third quarter compared to the same period last year. but the results were actually better than had been expected. having said that between july and september, revenue at deutsche's corporate and investment bank fell by 13%. the bank says it's on track to

meet cost cutting targets this year. that includes 2,800 job cuts. struggling in recent years of weak earnings and high legal costs. anchor: this next story might not include us, but the number of millionaires is growing here in france. reporter: there are over two million in france who have wealth of more than a million dollars, according to credit sousa. it's a number that's increased significantly this year and this is in part thanks to government policies. reporter: it's a club with more and more members. the number of millionaires in france has now topped 2.1 million people. that's 2575700 more ththan last year. one reason for the jump -- the rise in the price of real estate. from apartments to mansions, the estates of these millionaires continues to grow. business and financial investments are also doing well. but another factor may be

government policy. specifically revisions to the wealth tax this year so, that it applies to property only. >> from the start of their term in office this government has favored large financial estates because of the reform on wealth tax. the richer you are, the bigger your estate is, so the years it is to make yourself wealthier. reporter: the number of superwealthy in france may be growing fast, but the u.s. is still firmly ahead with more millionaires than anywhere else in the world. the united states is followed by china, japan, the u.k. and germany. with france in sixth position. according to the report by credit seuss, by 2023, the number of millionaires in france is expected to increase by some 40%, or to just over three million people. anchor: all right. finally from you, starbucks has opened its first sign language cafe in the state of washington in the u.s. reporter: quieter than usual start. all the staff communicating with

customers via sign language. rather than calling out your name, it appears on a giant screen in the cafe. they even have a sign of the week. so that those who don't know sign language can learn it. this week it's coffee, which is this in sign language. anchor: brilliant. i learned something. that's really interesting. what a great idea for them to open a cafe like that. thank you very much for our business roundup. it's time now for our press eview. we're joined by solange. the disappearance of the saudi journalist khashoggi continues to make headlines. one photograph in particular is making the front page of newspapers. reporter: yeah. it is this image of crown prince and the son of khashoggi meeting together and shaking hands. and the cold stare and the handshake between them led the british daily to run with the headline, if looks could kill.

for the london-based paper, the paper, it is not looks that kill, but pens. more specifically, in this cartoon, a bullet pen. with this cartoon, the paper is drawing more attention to how the saudi kingdom treats dissidents and journalists with a bullet. another cartoon by the french site mediapart points the finger at companies that did not boycott the current economic summit in riyadh over the assassination. media part says for companies like the french gas giant total, there is nothing wrong with a bloody chair. anchor: of course, they're set to address that summit today. now, donald trump has said the kingdom's response to the murder, he's called it one of the worst cover-ups ever in history. that's led some american journalists to talk about how governments go about coverups when they do. sometimes things get very, very bad. reporter: indeed. this article is entitled how to get away with murder. i think it's a tv show as well. but anyway.

this article is from the site foreignpolicy. and it takes us through the 10 steps that governments can use to defend the undefendable. and saudi arabia has already used a bunch. so if you want to see other spins that may be coming forward, rationalizations of foreign policy is a god place to look. -- is a good policy to look. anchor: let's turn our attention to the u.s. where of course the migrant caravan, some 7,000 people, it's been estimated, continue to make their way north. it's been inching up central america to order that u.s. border. the issue has democrats and republicans wondering how they should treat immigration on the campaign trail. of course this ahead of midterm elections coming up very shortly. reporter: yeah. let's start with the cartoon. halloween is a few days away. and the dutch cartoonist decided to portray the issue of immigration with an illustration of donald trump making out the poor migrants as monsters. this is much in line with his rhetoric. he's claimed that without much

evidence there are criminals and middle easterners in the group of central americans. now the conservative press has picked up on this boogieman rhetoric and the washington examiner says that republicans should be careful to not overblow the issue with conspiracy theories. that they could backfire for the g.o.p. and that it is already a boone for them, but overdoing it could lead democrats to push back. "the new york times" says that's exactly what the democrats should do. push back. they argue that from now democrats are trying to ignore the issue of immigration and that by doing so they're just letting the republicans dictate the terms of the midterm campaigns by stroking -- stoking fears of open borders and massive influxes of immigrants. the canned -- they say that candidates would be better off tackling the caravan issue head-on. by reminding voters that the u.s. does have immigration laws and that it has always been a country where compassion should count. anchor: reminding viewers today,

these caravans are not new. they've happened regularly in the states over the years. let's turn to europe. brussels particularly. the european commission has rejected the italian government's draft budget for 2019. naturally it's front page in a lot of italian newspapers. reporter: a quick run-through of those pages. one says that europe has given italy a kick in the pants. while the newspaper says that the president will not step back or give way to europe's maneuvering. to find out exactly why brussels rejected the budget, there's a good breakdown point by point of what the commission said it wrong with the budget in this newspaper. they also published a cartoon that was then picked up, the prime minister being asked by the head of the e.u. commission to jump through some hoops. that's the european flag -- those are the hoops, the european stars. and to change his budget by

jumping through those hoops. this is a first request of this kind by brussels and it takes us through the upcoming deadlines that rome faces with its options to do nothing, or to change things by the first week

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