>> this is "bbc world news." funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers use their expertise in global finance to

guide you through the business strategies and opportunities of international commerce. we put our extended global network to work for a wide range of companies, from small businesses to major corporations. towhat can we do for you? >> and now, "bbc world news." >> at last like the leaders concerned that a -- confirmed that an e.u. regulator, will be in place by the end of the year and come in existence by 2013. also in the program, the al qaeda governor, who shot 70 people in toulouse is expected to have extensive contacts in the uk.

and ending 17 years of cycling's broader structural -- , cycling and sponsorship. european leaders have moved a step closer in testing out illegal banking union. the framework says the supervisory mechanism is expected to be in place by the end of the year. it will have the car to intervene with any bank in the eurozone. there was disagreement over the timing and the number of banks that the ecb would oversee. >> the eu leaders are reconvene today to discuss issues like china and syria and iran. the toxic issue that has engulfed the eurozone for so long, threatening its very future, banking, is behind them.

one leader said, the worst is behind us. this morning, he said, they have come up with a good agreement, however should be thought of. what has been agreed? the hope of relieving the debt crisis in the eurozone. to create a single banking adviser under the responsibility of the ecb. the hope is that all 6000 banks in the eurozone would gradually come under the eye of this regulator by 2014. portier would be given to those banks that have -- priority would be given to those banks that have received state aid. chancellor and joe merkel has been in weary of some of the steps. there are sharp differences between germany and france, the country's eberhardt of the eurozone. but the deal is a compromise. -- the countries after a heart

of the eurozone. but the deal is a compromise. >> there are those are obviously keeping a close eye on us and the changes we make. >> we should keep focused on our immediate presorted, which is to provide growth and -- on our immediate priority, which is to provide growth and create jobs. we need further social cohesion. >> france believes it helps move them toward a banking union. that is already down a bumpy road of negotiations and brings in complex issues of what to do with those inside europe and that those outside the eurozone. >> more on this with our correspondent in brussels later on in the program. stories get some other around the world today. north korea has issued an

unusually specific warning against its neighbor, south korea. it is warning of a merciless military strike if activists in the south send balloons with anti-communist leaflets into the skies of north korea and next monday. earlier this year cavalla nor -- earlier this year, they promised retaliation if it happened again. a party of wedding doors has been hit by a roadside bomb in northern afghanistan, killing at least 15 people. police say it is not clear whether they were the intended targets. taliban activity there has been on the increase. china has been conducting naval exercises in the east china sea. it is a clear warning in japan of the tension between the countries.

trade between the countries has already been disrupted friday disagreement. prince eelam is married in the belgian princess in a civil ceremony. there is a guest list of 800. there are some local specialties as well as many sponge cake said to be the favorite of the grooms mother. let me update you on the teenage pakistani girl shot and had at by the time to buy -- shot in the head by the taliban after campaigning for women's rights. she is apparently in the uk. the medical director at the hospital is giving us an update. gregg's and got out of the woods. having said that, she is -- >>

not out of the woods. having said that, she is communicating very freely. and she is writing. she has a tracheotomy tube in because her air was swollen by the passing of the bullet. she is not able to talk, although we have no reason to believe that she would not be able to once the tuba is ours, which it may be in the next few days. in terms of her injury, she was struck just above the back of the left side. and the bullet went through the side of her jaw, damaging the skull, the jewel joint -- the jaw joint, went through the neck and some of the tissues of the left. the bullet was removed pretty much straight after the event. >> there is that update on the

teenage girl shot in the head by the taliban in pakistan. still to come, professional cycling is struggling to its sponsors. -- to get sponsors. doctors in the u.k. are to become the first of the world to have regular performance checks to review how they practice. the british governments as there is a nationwide scheme beginning in december, and any doctors fail in the review will be at risk of being struck of the medical register. >> for 30 years, there have been calls for mandatory checks on medical doctors. questions have been asked of our why when airline pilots are regularly assessed, doctors are not. now for the first time in the u.k., 220,000 doctors will have annual appraisals, and every five years, a review to decide

whether their licenses should be renewed. concerns such as poor attitude annan safety could mean that they are struck of the medical register. >> we have set it up after lots of consultation with the medical profession and patient groups. we identify the problems early and give doctors a chance, the very small minority of doctors that this might pick up, we give them a chance to address the deficiencies in their skills so they are able to continue practicing >> the lessons learned from scandals like the baby gets -- baby deaths and abroad issues have helped to create their guidelines to pick up on the early warning signs of a problem doctors before tragedies occur. >> more on this story and more

at the bbc website. there's plenty of analysis of our correspondents with the e.u. region a banking deal. france and germany had some doubts over how the deal would be implemented. >> faced with unemployment after graduation, increasing numbers of university students in western countries are choosing to you move to asia. with its booming economies and low jobless rates, cities like bangkok and beijing and shanghai, are enjoying the best and brightest from europe. here is a report from hong kong. >> learning a brand new

language. 20-year-old british students, sean quinn, a move to hong kong a year ago to attend university. he hopes to master mandarin chinese hopefully remain in china after graduation in order to escape a dismal job search back home. >> what i would face in the u.k. is just a wall of rejection. it is difficult to find a unpaid work. it is even difficult to find unpaid work -- it is difficult to find paid work. it is even difficult to find unpaid work. >> that explains this students and clamoring to study in asia. particularly in beijing, hong kong, shanghai. >> the medium to long term is all about careers. >> even in the current economic

climate, the university of hong kong says virtually 100% of its undergraduates will be employed at shortly after graduation. that figure is hard to match in the west where one in 10 fresh graduates is jobless. and compare that to one in four in the uk. >> westcott petraeus who want to -- western expatriates who have work -- who want to work in the region has increased dramatically in recent years. >> the ability to understand a local culture is very important. if you do not have the language and you have not been set to a specific country and ... a culture cannot -- and you do not know specifically about a culture, that presents challenges. >> this british student

understands that. to be distressed of studying and learning chinese, he plays football with the hong kong team. win or lose, he plans to gain enough experience to perhaps start a whole new life in the east. >> let me bring you our top story. you leaders agreed to phase in a single supervisory body toward a banking union. let's get more on that top story. we are in brussels, following events there. it still begs the question about when we will see this a banking union come into force. >> it does, indeed. there was a press conference of the middle of the night and just in the past hour or so and is still not absolutely clear. not in principle, but in practice, between france and

germany. what that could mean for the ecb, could it go anywhere in the eurozone and if necessary, but our? germans are worried about that and the financial commitment that -- and if necessary, bail them out? germans are worried about that and of our national commitment that could involve. it is expected that the banking unit will be up and running sometime in 2013, but no specific date. once a supervisor is in place through the ecb, banks may get the bail out there looking for. as much of a deal as possible was reached you're on a banking union. several other questions are still begging year. -- kiir.

-- begging here. there is the birds and other house to be direct help to banks, not nation states, -- there is the principle that their house to be direct help to banks, not nation states. the european leaders here were relatively pleased that a broker some kind of compromise. expect them to discuss this again all over in december. it works.oping that thanks very much. this is something that jamie is obviously keeping an eye on. but there is other news in the business world. when you release results, as a company, i would imagine that you hope they are good. and if they are not good, release them at the right time. >> and have your explanations ready.

that is what google did not manage to do. unfortunately, someone pressed a button and results were released three and a half hours early. as a result, trading was down dramatically. all in all, it was a pretty good disaster. however, underlying it, let's see what the figures are like. they are down 20% in net profits, which do not look very good. one of the problems has been that they are having problems with the amount of advertising they can get onto mobile phones has everything shifts more to mobil's and tablets. of the advertising is actually getting less. the amount of money percolates is going down -- per click is going down 15%. and they are a lot of costs going on with the companies they have taken over. they have a lot of redundancies and integrations.

putting all of that into context with the poor release of these figures, here's what jason jenkins said. >> it does not change the numbers. there were not particularly great. there is a seismic shift in the way that people access the internet at the moment. everybody is buying these smart phones. instead of using the desktop version of the website that has lot of room for advertisements, they have a trimmed down version that has less room for aita. -- for advertisements. >> it makes you wonder when you use your phone if you will be using it for that. >> it is a different attitude. >> and we have seen a number of tech companies, ibm as well as intel.

a number of figures have not -- have been quite good in the past week or so. microsoft has seen a change of 22% in profits. there are lots of explanations prepare -- explanations. profits have been deferred because of pre-selling the windows 8. the presell licenses there. they preselling computers that have to be upgraded. even when you strip that out, and profits are still down about 9%. that is roughly in tune with the falling pc sales generally worldwide. blame that on europe.

the figures are not looking backward. -- that good. the worldwide downturn is beginning to affect all of the tech companies. >> and it can be blamed on europe. always. in other news koran -- in other news, the al qaeda inspired gun man who shot people in to lose -- and to lose -- in toulouse, he was shot and killed after a 30 hour siege with police. i remember when this was happening. he shot so many people as this was going on. and what more have we learned? " we know from previous

documents that he had developed a list of contacts are rod a world -- >> we know from previous document that he had developed in this context -- developed a list of contacts are on the world. he traveled extensively. many of them were in the uk. that will come as no surprise, to mi5, the security agency in britain. they have an officer here in paris. but what it does show once and for all that he was not a lone wolf. he was working independently, yes, but he had support and even perhaps financing from abroad. that will be of concern to the government. aside from the blame, and the dcri does come under blame in this document today, they're looking for ways to make differences.

. >> what have we seen of the corporation? >> of the suspects raudabaugh, one of them was shot dead in strasbourg last saturday -- of the suspects rounded up, one of them was shot dead in strasbourg last saturday. they had concerns for some time that the networks in the two countries were liaising, and this document seems to back up. but what they missed in the investigation is that they put him under surveillance after his arrest in kandahar in march. and from that point, the officer thought his movements were suspicious. he rarely left his apartment. he did not have internet. and he was in contact with known jihadists in is that they toulo. in november they questioned him again. he had great difficulty explaining why he had been

there. he had fought off the radar for days on end. and just a week later they stopped monitoring him. that really does puzzle the judge. and then four weeks later, he went on to kill people in three separate attacks. >> the world of cycling is facing a crisis like never before in the latest developments of the wake of the doping scandal. its current sponsor should deal is worth more than $19 million annually. this bank is one of the most long-lasting and recognizable sponsors. what will be the impact on this board? -- of this sport? daniel, is this a shot?

>> this is a huge shock. they have had really bad scandals of their own how the bank of about five or six years spirit -- at the bank in the loss five or six years. it is a huge vote of no- confidence. they see no prospects of this sport cleaning itself up. >> it does make you wonder what happens with the other sponsors in the industry. greta i think it is a bit disingenuous of them -- >> i think it's a bit disingenuous of them to say there is a vote of no-confidence because the sport has done quite a bit to clean up its image in the past several years. they had given them the money and said, do what you want with it. now they turn around and say there were things going on with

the team that they were not happy about. it is a bit disingenuous. >> what do the cyclists do? where does the support come from? >> it is difficult because in professional sponsored -- professional cycling, the team is the sponsor projects -- is the sponsor. the leadership house to come from the governing body. they are to instill confidence in the sponsors predict why would you invest $90 million a year -- they are to instill confidence in the sponsors. why would you invest $90 million at your in a sport that you do not have confidence index they are to be seen as a viable option? -- that you do not have confidence in? they are to be seen as a viable option. having scandalous not look great

for a sponsor, does it? >> no, it does not. would they rather turn to another sport, or is it an hour that cycling -- you say it has cleaned up its act in the last few years, but can they change their image? gregg's -- >> you can keep a dead body in the basement, but it is going to start to smell. i think they might go to another sport, but might eventually come back. they are to be seen asthat has happen italian sponsor. from a commercial point of view, it is great visibility. >> what does this do to the younger people in this sport? i will hearken back to 2012,

when you how such pivotal figures as lance armstrong and you have kids admire and and, what does that do -- admiring them, what does that do? >> that is a good question. >> do you lose hope as a young person that others are withdrawing from the sport? >> prounced sometimes we would like them to pay more attention and come out -- perhaps sometimes would like them to pay more attention and come out more strongly against people like lance armstrong. but those that are 23, 24, they are a new generati break with te past. and they are making a statement that they have been cleaned in the last few years. >> we have not seen as much scandal in the women's section, or have we? >> and no, we have not.

there was one that was part of a discredited this year, but there has not been as much doping because there is just not as much money. >> thank you. that is it. i shall see you very soon. >> make sense of international news at bbc.com/news. >> funding for this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers use their expertise in global finance to guide you through the business strategies and opportunities of international commerce.

we put our extended global network to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> "bbc world news"