♪ african leaders have long stay continental free-trade zone to usher in a new area -- a new era of development. the usa wins a record fourth world cup title in france. the u.s. team using the platform for politics, calling for equal pay as they take the trophy. this hour, deutsche bank has announced an overhaul as it plans to quit the global equities business and layoff

18,000 employees. the details in our business update. beat, summer heat has you we have one solution in paris. the annual beach festival. the details, comiming up. first, our top story live from paris. -- is being sworn in one day after he beat left wing leader alexi tsipras. nanatalie is covering this election.

what is hihis first order of business? unifyinge outut with a message. he saiaid he was aware of the historic responsibility he had -- get the -- hit thee ground runnining. he will hahave a focus on the economy. an a aggressive reform plan, a d restructuring, you name it.

expectations. the cabinet will start working immediately on everything. the greeks will be keeping an ion him. genie: the previouous prime mininister came to power nearly four years a.. people had hope forr him. whatat happened? he promised to overturn the policies. austerity as soon as he got voted in, he --, he reneged on his [indiscernible]

greeks who had seen him hopemeone who couould briring -- something different than especially of the germans and europeans as well. more austeririty, more unememployment, more taxatioione with alexi tsiprpras. -- greece's northern neighbor,, hugely unpopular. summer. u up last straw.the final strong memessage of the g government colollapsin. w was the chaos, so thatt final straw for the grereeks and mamade them look to a more

credible solution and a voice of stability. upset in thewas ann far right anti-immigrant partyty who was voted out of parliament. >> -- was the pinup of the [indiscernible] strong.e very neo-nazi in many of their ideas and policies. they had 18 lawmakers with around 7% of the votes iththe now, 3% --on and they havave been w wiped out and

said theyd, the leaeader will c continue the e fight forr nationalism m in thehe streeeet. exited theen he building, his hail to victory that reminded so many g geks o f erieie call of hitler. have: african leaders launched a continental free-trade zone. the african union was meeting in a summit. newimportant could this trade zone be?

>> it has been signed by 54 out of t the 55 countries. countries, half have ratified this agreement. it is going to go into effect in one year. the devil is in the details. there are lots of details t to e ironeded out. some countries are worried. nigeriaa waited until the last few days to agree to this free-trade area because they know their industries and agriculture can be fragile. putting them in a free-trade area might endanger them. to put in difficult place and implement and make destrtroyeguards will not

this nice idea that has been celebrated here in niger. genie: another issue talked about has been the worsening situation in libya. what has been said about that? african leadede had a different message this time around. they are saying france played a major role, italy has played a major role. the united nations has been the mediator and the result is a catastrophe. they are saying we should have a central role in trying to find a solution. country, itafrican is a problem affecting the

region. we should try to solve the problems. it does not mean they have a magic wand and they will be able to solve it. as ano see the situation existetential threat to libya ad its neighbors. ank you. th iranian authorities are enrichmenturanium beyond limits set up in the nuclear deal the u.s. pulled out of last year. tehran wants the manning partners to step in and save the deal. the latest announcement prompted reactions from governments around the world, starting with donald trump. for iran fromning donald trump. >> iran better be careful. you enrich for one reason and i

will not tell you what that reason is. it is no good. they better be careful. >> benjamin netanyahu spelled out a similar opinion. >> the enrichment of uranium is made for one reason and one reason only. it is for the creation of atomic bombs. the leaders promised and committed themselves to snapback sanctions the minutee iran did that. it just did. where e are you? fresh sanctions is not necessarily a priority. germany called on iran to stop and reverse activities that go against agreement, as did the british and the french. towe ask iran to put an end activities not in compliance made under the agreement. right to says it has a go back on some of its commitments.

withdrawal and its sanctions on iran started to unravel the agreement. iran has made small but significant steps to violate parts of the accord. emmanuel macron spoke with his iranian counterpart and has set a july 15 deadline to resume talks between all parties in a bid to salvage the deal. genie: roderigo dutere has been popular in the philippines since 2016. a recent poll put his approval rating at close to 80%. strongman leader has attracted criticism abroad for human rights abuses related to as flagship policy that is bloody crackdown on drugs. deliberate and systematic is

how amnesty international has described the mass killing of suspecected drug users and deals in the philippines war on drugs. is 5300,ial death toll but watchdogs fear a could be four times as much. call on theen a u.n. to investigate and put an end to the violence. >> and all of the families we have interviewed, the common reaction is why were they killed like animals? they are not aninimals. >> the war on drugs has moved from the capital and has taken gripip in the provinces, where underreporting is a problem. thet is the poor who are victims in the war on drugs. >> the most common used drug is

a meth-like substance. at the u.n.be held next week on a resolution calling for r an investigation into the drug war in the southeast asian state. genie: it was a record d fourth world title e for the u.s. wom's team. second world cup title in aa row. they beat the netherlands. the dutch lost, but they were the only team in the competition to keep the u.s. off the scoreboard in the first half. megan rapinoe opened the scoreboard for the u.s. side. this was another big win for the u.s. team for football, but for many players on the field, it was not just a fight for another world cup title. there was plenty more in this victory than the fourth world title.

the americans proved even though the gap is narrowing with the , theynations from europe managed to beat spain, france, england, and the netherlands. they showed they were the pioneers of women's football and they are the present, d dominant force. there was plenty more off the pitch these american players were fighting for and that is .qual pay the 20,000 american fans at the stadium understood what was at stake. right after the cheers for the wind of the work -- right after the cheers for the win of the world cup, there were chants coming from the stands, fans understanding what was at stake. the americans had to win this world cup to validate their fight for equal treatment for equal pay, given the context of this lawsuit against the u.s. soccer federation that they are

for.ing i was debating whether to talk about the other finals that took place, because there was a debate as to why fifa allowed other competitions to take the spotlight away from the women's game and the final, but there was a final where the u.s. men were playing, the gold cup, against mexico. they lost. this validates even more the women's side because the women's side, that is what they are saying. we are more successful than the men. cups,e won four world olympic games. the men did not reach the world cup last time around and this is why we should get equal treatment and equal pay. we, more than any other women's team in the world desire -- deserve to be treated better because we are the best in the world. genie: above and beyond the

americans, the world cup in general, what a huge hit. tell us about the numbers, how much it raised the spotlight on women's football. huge success, a popular success. one that surprised even the organizers. fifa was expecting to see the attendance rate in the stadiums, it was on average 74% fifa was looking for something along the lines of 60%. have seen plenty of stadiums at full capacity, including the final last night area games that were featuring the french teams, it showed people were interested in the game itself, not just their team. it showed in viewership records, there are records in every country that had a team participating in this world cup.

everywhere, the women's games broke viewership records. england, theen in number of people tuning in for that semifinal between england werehe united sates, there more people watching that game than people in england watching the men'sat championship league that had two english teams in it. it gives you an idea of how much excitement there is around this world cup. people enjoying the game. even media coverage was in progress compared to four years ago, when we barely had any coverage of the world cup. the question now, is this just a world cup effect or will it trickle down to a club football and more interest in the women's game in general. will come back to the

french capital. if you are in paris this summer and you are looking for a place parisl off, check out the plage. french.eans beach in like a beach, indeed. we have umbrellas, palm trees, people are in swimsuits. it is like being on the beach. >> it is true, when temperatures hit 35 degrees celsius, it is hard to handle. we take aa strtroll on the riverbanks and it is pleasant. it allows us to will down a bit. plages opened over the weekend and will continue through september 1. time for a look at the days top

business news. thousands of job cuts at deutsche bank in one of the biggest overhauls to an investment bank since the global financial crisis. >> entire t teams t told monday their p positions are gone. employees in london and new york learning t their faith as o offs opened this morning. the restructuring follows a failed merger with commerz bank and april. april. in >> a radical overhaul for germany's top bank. deutsche bank unveiled a 7.4 billion euro restructuring plan that will see it downsize it ininvestment banking division. >> this is about reinforcing our strength and cutting b back in areas where we are not as competitive as before, such as stock trading. some 18,000will cut

jobs over the next three years, a fifth of its workforce. they will shut down its equities trading business, shrink bond and trading operations, and create a capital release unit to sell around 74 billion euros worth of unwanted assets. the strategy singles -- signals a shift away from global ambition, after it spent yearsrs trying to comompete with goldman sachs and j.p. morgagan chase. >> investment banking was not as successful as expected. these drastic messieurs are -- these drastic measures are the necessary consequences. >> they have been battling declining revenue and climbing operating costs and has been plagued by a series of lawsuits since the 2008 financial crisis the restructuring is seen as a last chance for the firm, after

with commerce bank -- commerz bank collapsed. >> investors cheered and overhaul long overdue. shares turning negative by mid day. down aroundding 1.3%. european index lower. friday's better than expected jobs report dampens hopes of a steep interest rate cut by the federal reserve. underand frankfurt off .25%. biggestdeutsche's shareholders have been calling for drastic action for a while. is there a consensus among analysts at two -- analysts as

to whether this will be enough to turn this around for the bank? the fact they are addressing what has been a concern about the bank is a pricey operation and has been for years, but it has not necessarily been profitable. deutsche bank trying to compete with its american rivals. it seems deutsche has succumbed to the realization they cannot in this money-losing exercise. it is finally drawing to a close. they have laid out 18,000 job losses. how much will they be able to follow through on? that has been a question in the past. it will remains to be seen. what people are reflecting on and saying is this it is a completely necessary operation. it is a sad day, but necessary if the bank wants to be profitable.

it is gettingys leaner. it says it will focus more on european corporate clients. is there a possibility that could backfire? could backfire. it is necessary. they are focusing on the activities that are profitable. the european economy is not added strongest, but at some point it will be. repair the roof while the rain is still coming will provide longer-term benefits. we have more years of difficulties and challenges ahead. there are no guarantees with regard to this. it is focusing on the core business, the part of the business making its money. people are looking at that as a positive. indeutsche is not alone european banks having tried to break into that goldman sachs tier of investment banking.

if this is the end of deutsche's ambition to be a wall street-style investment giant, where does that leave the european banking scene? -- european investment banking scene? reduced. been rbs and others are key examples. barclays is still engaging in some of this. it is going to be difficult when it comes to competing with the biggest players on the others of the pond dominating this market. they will dominate the market for years to come. >> thank you. thank you for being with us. about the's talk worldwide grounding of the 737 max series for boeing that has cost them a major order. a provisional order has been canceled for 30 of the 737 max 8

jets. they opted to buy airbus instead. they have been reviewing their deal with boeing since two fatal crashes grounded the fleet worldwide. 737 remains grounded as it awaits regulatory approval for flight software blamed for those two crashes. genie: bad news for british airways following a massive data breach last yeyear. commissioner's office intends to find british airways 180 million pounds. the 2018 hack diverted traffic from the webebsite to o a dummy wewebsite that collected customr details. the attack revealed poor security arrangements at the airline.

regulators can find companies up to 4% of their global sales figures for data security lapses. they plan to appeal the fine. genie: we have been talking about the usa team that won the world cup final. not so much about the dutch, but they may have good news when they get home. the dutch team play for ajax. they have signed a contract giving them equal pay with the men's team. gender parity has been a key issue at the women's world cup. paidomen's team are one third of that, despite being far more successful. fifa'sprize pot -- prize pot seeing disparity, as well.

a bit of a ways to go. genie: still a good start. coming up, a look at the work of a british artistic duo featured this summer with a show here in paris.

reporter: horrifying escalation of ethnic violence in the democratic republic of congo. different militias have terrorized huge numbers of the civilian population. second reporter: the drc's government say the extent of hunger and displacement is being exaggerated. reporter: 13 million people in need of humanitarian aid. crawford: i'm alex crawford in the democratic republic of congo, and this is "hotspots." tonight we're gonna take you behind the scenes of the world's biggest and hardest-hitting stories. we travel to drc to honor the world's forgotten conflicts. man: we've got sense that you were going into o the badlands. crawford: stuart ramsay returns to eastern ukraine