and prime minister david cameron said his country will not join an eu wide banking union. the union is a framework for consolidating bank oversight and protection in the region. >>> the new hea of the world bank says one of his top priorities will be to fight poverty. >> we will do our work at the bank with rigor, great compassion and most importantly with the people living in poverty we aspire to serve. >> kim was born in south korea but grew up in the u.s. he is expert in global health and directed the hiv/aids department at the world health organization. he was president of dartmouth college before joining the world bank. kim is the bank's 12th president. kim its expected to help developing countries cope with rising prices for natural resources and food. >>> at first glance the people on the russian east coast seem firmly rooted, they revitalized city turned it into an energy hub. but many young people feel wistful about a bygone area. >> reporter: the days of the czars return at this ball in russia. ♪ men and women perform the dance. the way it was done in the royal co

the talks should be accelerated to set up an eu-wide banking union. the eu will need to offer the spanish government a bailout if the costs stay high. >>> apple's forecasts were short despite the good outlook. the u.s. electronics giant said on tuesday that the quarterly profit was $8.8 billion. that is up 20% from a year ago. sales jumped 22% to $35 billion. these figures were lower than analysts expected. that is because unit sales of the iphone fell 26% from the previous quarter. the smartphone accounts for nearly half of apple's total sales. many consumers postponed their purchases because of the new model release in the future. ipad soared up 35%. apple's top executive, tim cook, expressed confidence to boost the earnings further. apple will continue to launch innovative products. >>> in south korea, known for the export-driven economy, the english education business has been expanding into another growth industry. the average school of standard international test in the country last year stood at 633. that is 57 points higher than the average in