seoul has a high of only 1 and beijing at 5. shanghai and taipei, scattered showers and moisture flowing in from the south there for you and as we look at the tropics, temperatures in the 30s. we've been mentioning this cold weather. down towards the south, it is a baking hot out here. especially across parts of queensland through new south wales. high pressure has been dominating and northerly winds have been coming in making for scorching conditions. i'll show you video we have coming out of sydney because it's not just the people dealing with this at the zoo they did have some of the wildlife there, the animals given ice to help cool them down. temperatures actually reached up to about 38 degrees in sydney on sunday. parts of the state, by the way, pushed over 40 degrees. so this is going to be an ongoing situation as we head through the next 24 to 48 hours. but things should start to cool down. that's the good news. we actually have some southerly winds coming in and a front moving in from the west. temperatures will be drop

>>> seoul. capital of south korea. one community in the center of this city is drawing widespread attention. seongmisan maeul is made up of around 6,000 families. here, there are more than 70 restaurants, stores and other initiatives co-funded by local residents. this restaurant is one example of their efforts. >> translator: members invested anywhere from $45 u.s. dollars all the way up to $4,500. that's how we built the restaurant. >> this soap store opened when four homemakers each invested $5,500. each bar is handmade using natural materials. >> translator: my kid has allergies, but a natural soap really helped calm them down so i decided to try making it myself and that's how i got started. >> the cooperative businesses include a school. unusually, the curriculum is decided by teachers and parents. in this community, the key concept is to provide what's truly necessary. decisions are reached through heated discussions. >> translator: whatever you want to achieve, seongmisan maeul will help you get started. the str

tokyo is urging seoul to remove the statue saying it runs counter to a 2015 agreement. the deal says that south korea will work to resolve the similar statue in front of japan's embassy in seoul. >>> a panel advising the japanese government has cautioned against rushing to develop fast reactor technology. the reactors can run on plutonium recycled from spent nuclear fuel. the atomic energy commission reviewed the government's decision last month to scrap the monju fast breeder reactor in central japan. the prototype reactor has been plagued by safety problems for decades, but the government decided to also continue developing fast reactor technology in order to recycle nuclear fuel. the panel says the government should examine whether those reactors are commercially viable. it calls for setting goals such as keeping costs lower than conventional reactors. one panel member also noted utilities will likely stick to existing plants given the abundance of uranium supplies. >>> people in many parts of japan are bracing for a cold spell, possibly the most severe this season.

it says seoul intends to carry out the agreement. they both acknowledged that the agreement would be final and irreversible. >> translator: it is extremely important that the governments of japan and south korea responsibly implement the agreement. i will continue asking south korea to do so tenaciously on every occasion. >> the japanese government will decide when to reinstate the diplomats after getting seoul's response. south korea's prime minister and acting president has told his cabinet that the 2015 agreement should be honored. he also had a word of caution for the members. >> translator: people should refrain from words or actions that could make the situation worse in regard to our future-oriented relationship. >> he reportedly also told members there are concerns that the issue is aggravating relations. >>> following criticism from u.s. president-elect donald trump, japan's biggest auto maker says it will invest billions of dollar in the u.s. gene otani has more on that and other headlines. it was the case for toyota, the c

we'll be live in seoul injust a moment. we'll get the latest on samsung. but first, this. we start here in london, where fears of a costly brexit exodus of banking jobs are growing. leading firms are now weighing up moving thousands of staff out of the uk, after prime minister theresa may confirmed plans to leave the european single market as well as the eu, the so called "hard brexit" option. so, what have we heard already? on wednesday, the boss of hsbc said he's preparing to move around 1000 of his 5000 london staff to paris. that would mean around 20% of its european revenue leaving the uk, worth several billion dollars. swiss rival, ubs, also told the bbc that 1000 jobs may go in london as a result of brexit, again around a fifth of its workforce. and according to a report in the handelsblatt newspaper in germany this morning, goldman sachs may halve its london workforce, moving 3000 staff to new york and continental europe, a thousand of those to frankfurt. goldman though says it has yet to make a decision on the matter however, some believe this could be the tip of

we'll head over to seoul.the market open here in hong kong and shanghai. ♪ "bloombergis is markets asia". by mr. theresa may is seeking a hard brexit. dollar weakness coming out of donald trump suggesting that it was hurting american industry. jinping accounted by xi , who was talking about free trade. we also got the reference rate. the highest since november here. this also against the backdrop that we could be getting price data out of china any minute here. that's what we've got going on at the moment. markets at a down day. we have not been able to challenge the 20,000 on the dow. 1%e prices in china dropping month onmonth --.1% month. what we have is a day where across the board we have weakness when it comes to the equity session against this backdrop of some dollar weakness. that is not helping things in tokyo. out what's going on with a bit more detail as we get these numbers coming through. in terms of house prices, something people have been concerned about. here's david with the market action. repo

they strive to solve the issue of a similar statue from the japanese embassy in seoul. the ambassador to south korea and the general have been recalled in protest. they will watch how seoul handles the issue before sending them back to their post. >> the big question in the world of business is what will happen to the economy under the new administration. >> trump's inauguration has put investors in a cautious mood. his announced plans to renegotiate major trade deals left investors worried that protectionism could rise and hurt the u.s. and global economies. more from the tokyo stock exchange. >> investors are unwinding some of the bets made on tax cuts and other stimulus measures so we saw the stronger general dragging down in tokyo. let's look at the closing levels for this monday january 23rd. >> the broader top ix also fell more than 1% toyota down 1.6% and mazda down 2.3%. nec also ended lower. on a brighter note toshiba rose 9%. encouraged by media reports that it may have as much as $1.8 million. they're waiting on more details as trump begins his first full wee

seoul, a high of 4. well below the freezing point. same in beijing.he cold spot on the map with minus 15 and some snow there in your forecast. talking about the snow. here in northern india, around cashme cashme cashmere, we have been seeing a tremendous amount of snowfall. more snow is in the forecast, so rather unfortunate. you see people there cleaning up, trying to get there u this. this area is currently getting throu through. it's basically consistent sub zero temperatures. from here on out, it should start to get warmer. the east, new delhi, probably going to see scattered showers. the rest of india, if you are traveling here, you're not going to be seeing the -- making its way into turkey combined with cold air from the north. high pressure very chill bringing snowfall out there. istanbul, an cara, all have snowfall. that's going to stay in place. temperatures well below the freezing point the, but it is keeping this storm system west and with that, we're going to be b looking at windy conditions. especially across parts of ireland. even down

seoul's kospi is a touch in the negative. samsung's shares opened after rejection. >>> wilbur ross was speaking at his confirmation hearing in the senate. he said he's against trade that is to the disadvantage of the american worker and manufacturing community. >> china is the most protectionist country, very large countries. they have very high tariff barriers and very high nontariff trade barriers to commerce. >> ross added that unfair trade supported by government subsidies should be severely punished. he also said the north american free trade agreement with mexico and canada will be the first issue for the new administration to deal with. president-elect trump wants to review the agreement arguing it is destroying american jobs. >>> british prime minister theresa may has defended the plan to leave the eu's single market a day after the brexit strategy. may was responding to criticism from opposition lawmakers during question time in parliament. >> it won't necessarily damage the eu but it would certainly damage this coun

seoul's kospi down just a touch. australia higher been half a percent. china markets will open in less than half a hour. >>> businesses across japan are launching annual wage negotiations. an nhk survey shows a majority of them are considering some form of raise. many are cautious about hiking the base bay. they are uncertain about the economy following trump's inauguration. nhk polled 100 major companies about their economic outlook and wage plans. results show that 51 firms said they are thinking about giving a raise in one form or another while ten replied they have no plans to do so. among the firms considering a raise, 32 said it will be given as a regular pay increase based on seniority. 13 said they will likely offer bonuses or other one time raises. meanwhile, 14 replied they are considering a base pay hike for all employees and ten said they are looking to do the same but only for a particular group of workers such as those who are raising children. >>> the country's agriculture sector has taken a hit. they repihelping keep farming a while helpi

we will continue here live in seoul delsea, waiting for the president's comments. we will have live coverage of that and vice president pence following that. [yelling] >> philly! s-span -- c-span! >> philly! hate, that's what makes america great! >> love, not hate, that's what makes america great! >> love, not hate, that's what makes america great! [indistinct conversations] >> no-trump, no kkk! [indistinct conversations] >> my body, my choice! women need to have a voice! >> my body, my choice! women need to have a voice! >> my body, my choice! women need to have a voice! >> my body, my choice! women need to have a voice! >> my body, my choice! women need to have a voice! >> my body, my choice! women need to have a voice! >> my body, my choice! women need to have a voice! [indistinct conversations] >> love trumps hate! >> love trumps hate! >> love trumps hate! >> love trumps hate! [indistinct conversations] >> tell me what a feminist looks like! >> this is what a feminist looks like! >> tell me what a feminist looks like! >> this is what a feminist looks like! >> t

they resettled in seoul, where their lives changed dramatically. >> ( translated ): when i first got here, it struck me the various, wide kinds of food that i had not seen in the north. so many kinds. >> reporter: but park had a hard time adjusting to his new life. because he didn't know how to read or write at first, he was teased in school. he caught up and graduated high school. now, he's in college majoring in business and running his food truck on the weekends. >> ( translated ): hopefully, it will become then ten trucks, then 100 trucks. i would like to try all different types of food trucks. also i would like to continue working with my friends, young people. >> reporter: park got help starting his food truck business from a south korean government program that aids defectors. grants from its corporate partners covered the startup costs of his truck. >> reporter: the food truck phenomenon has only come to south korea in the last couple of years, after the government lifted a ban due to safety and sanitation concerns. now there are over 100 food trucks like these operating in t

for the latest, let's go live to kevin kim in seoul. thank you forjoining us this morning.his is a huge deal, isn't it? but when are we expecting the outcome, and are there any hints what the judge might decide? well, we will probably be hearing the results later tonight, or possibly even tomorrow. jy lee, the head of samsung, was tomorrow. jy lee, the head of samsung , was seen tomorrow. jy lee, the head of samsung, was seen arriving in court with a grim faced, and thejudge will soon be hearing the arguments. prosecutors believe samsung has committed bribery and has asked jy lee, the head of south korea's largest company, to be jailed. the allegation is that samsung gave millions of dollars in return for the votes of the national pension fund, ina the votes of the national pension fund, in a bid and contested restructuring of the company. last weekjy lee was summoned as a suspect and was questioned for almost 2a hours. after filing an arrest warrant on monday, investigators said in a news conference that, despite some concerns that jy lee's arrest may have a negative effec

let's talk to the bbc‘s stephen evans in seoul.y but nobody admitting to wrong doing so far. is that correct? yes. it's one of those... connoisseurs of apologies will relish this case. it is one of the cases where somebody is one of the cases where somebody is saying sorry but i am innocent. the apology today was i am very, very sorry for creating a bad image. the president's apology was for trusting, i am very sorry but i trusted people too much. so apologies, yes... admissions of guilt, absolutely not. these remain allegations which are being investigated. very serious allegations because a lot of outside shareholders from samsung, people who have shares in samsung but who are outside the family as saying this merger of two companies back in 2015 within samsung was basically so the family could tighten its control of the company and was not actually to the benefit of shareholders in general. so if the pension fund, the third biggest in the world, remember, stuck its votes behind the family because the family had done private deal

the daughter of president park's best friend has been held by danish police and will return to seoul to face questioning. a fire that broke out on a tourist ferry in indonesia has left 23 people dead and 17 missing. passengers jumped into the sea as flames engulfed the boat which was heading for a holiday island north of the capital, jakarta. let's catch up with the world of blisters bow and world business report. here is sally —— world of business now. free cash if you get a job or not — the finnish government tries paying the unemployed a basic income in a bid to get them back to work. and with india still reeling from the decision to scrap the country's most widely used notes, modi announces plans to help those struggling with the move. welcome to world business report. i'm sally bundock. starting this year, finland becomes the first country in the world to pilot a basic income scheme. 2,000 unemployed people in the country will begin receiving 560 euro — that's $585 dollars — every month from the state, with no strings attached. the government believes manyjob seekers are put off

seoul's kospi up about a .1 of percent. clie that mark china markets will open in less than half an hour. >>> chile is inviting others to explore a transpacific partnership without the united states. the foreign ministry told nhk the country is reaching out to non-tpp members, main lly china south y south korea and colombia. the meeting will be a good opportunity for the countries to discuss the future of regional and global trades. chile of one of four countries that created the pacific four agreement. that became the foundation for the tpp. officials at japan's finance ministry have just released the latest trade data. and they say that the trade balance in 2016 returned to the black for the first time in six years. the value of imported crude oil and liquefied gas prices fell. last year's trade surplus was more than $35 billion. 2015 showed a deficit of more than $24 billion. the officials say exports last year fell 7.4% in yen terms down for first time in four years. imports shrank nearly 16%. the officials say the trad

>>pam m: people are dealing with hundreds of fallen trees mudslides in seoul and flooding --sinkholes. >>j.r.stone: the russian river matt or the crest of the flooding and still a major problem wednesday night those living in the area took to boats to get home as water levels remain high we took what a cop before to the area you concede businesses are still on the water rolled still flooded out of people still optimistic unfortunately all is not what the main store safely lost electricity wednesday spoiling most of their produce leaving mainly to and goods to those to live here many air telling us all eyes on forever flooding is just one of the issue that people are dealing with several homes or read had a couple of days ago after a mudslide . >>steve: to sue lines or broken they now have since rerouted traffic the minor role this heavily traveled this still remains one very big problem. >>steve: fortunately neighbors to discovered dancing call will stop before their vehicle plunged in forced to leave no other injuries have been reported . >>reporter: he made his way down to the strea

the new makes allies with the very vague aspiration and then it allows those people to be experts seoul congress will setback in cases which is much more helpful to the amended is a lot easier that hard job to make policy choices it is not doing the fundamental constitutional job. >> the increase of that bureaucratic state is an explicit or implicit? >> it comes in waves about 180 years ago. as a political scientist has a theory of giving up a new style. but of biggest thrust came with fdr after the great increases of power but the next is the great society in to bring in the affordable care act. and to be qualitatively the way the europeans have had. >> how has this affected you and i a on individual basis quick. >> of federal bureaucrat especially but anything that anvils health care department of health and human services if you apply for a job there are requirements and employers especially with that compliance costs to satisfy growing exponentially. schools used to be the quintessential place for they would govern themselves now they are dictated by washington by the laws that are

seoul's kospi indead slipp slipped .77%. >>> u.s. government officials have started carrying out one of president trump's orders. they've officially notified new zealand of washington's intention to withdraw from the transpacific partnership. u.s. trade representatives issued a letter to the trade deals depository country, it says the u.s. does not intend to become a party to the tpp and asks that the other signatories be notified. the letter also encourages future discussssions on measure designed to promote more efficient markets in higher levels of economic growth. president trump has said he will pursue bilateral trade agreements in the place of the tpp. such deals will top the agenda when he meets japan's prime minister, shinzo abe, next month. >>> president trump also says he wants to address currency issues in these future trade deals. he points out measures to prevent countries from deliberately weakening their money to boost exports. japan's finance minister taro aso says currencies should not be part of trade negotiation. >

a close friend of the country's president appeared in court in seoul.he is accused with colluding .ith president park an accusation she denied again on thursday. >> the defendant claimed in the trial there was no intention of pursuing private interests in the case of mir and case port foundations. she stressed that the foundations were established for public purposes. >> south korea's parliament voted for president park's impeachment over the stanley in december. her powers have since been suspended and handed over to country's prime minister. on thursday, the constitutional court began hearings to decide whether to uphold or overturn that vote. back in november, president park apologized to nation, but denied committing criminal offenses. the scandal has drawn hundreds of thousands of protestors on to the streets of seoul for weekly demonstrations, demanding her resignation, and protestors are expected to gather again this weekend. if the court upholds parliament's decision, president park will be the first catically elected leader to leave office earl

so how are you getting on in seoul? are you enjoying it?amily turned him against the regime in pyongyang. me and my family, and my sons and my wife, did not come to that kind of conclusion just on one day. at the first stage, there is a kind of ideological debate inside the family, especially between me and my sons, when my sons entered uk university, the education they received was quite different to what they got in north korea. it was something totally different. so, they at first started to ask me questions, why, when they learned history in high school, then my son say after school he came to me and asked which is right, about the second world war, the first world war. so there was quite a different explanation about the same thing in the uk and north korea. so first these questions started to come up to me, and these questions pushed me into a very difficult situation, because as a father i have to tell the truth and if i tell the truth then my explanation would be quite different to what the north korean regime, you know, so far brai

we will continue here live in seoul delsea, waiting for the president's comments. we will have live coverage of that and vice president pence following that. [yelling] >> philly! s-span -- c-span! >> philly! hate, that's what makes america great!

manus: then we head to seoul where the samsung heir apparent awaits a judges decision.ts hisl prosecutor case. anna: and we talk to the ceo of the kuwait investment authority about trump brexit trump,, and investments in 2017. this is bloomberg. ♪ manus: it's 7:46 in the beautiful valley where davos is. actually -16 degrees right now. it was -22 degrees. by the end of the week, it will get a little bit warmer, it will get to minus four degrees by friday. something to look forward to. here's the business flash for us. >> a special prosecutor in south korea is making his case for resting the heir apparent on suspicion of paying bribes for political favors from the countries president. samsung has denied any wrongdoing and said it anticipates the court will .ecide not to defame lee a former deutsche bank foreign-exchange trader faces possible prison sentence in singapore. pleaded guilty to 13 charges related to using the banks account to get preferential rates on the dollar in november 2009. the former trader was accused of unlawfully making almost $100,000 through false t

guest: dmz is about 20 some miles or more from seoul. city size, seoul is the dominant city in south korea depending on how you count. inis 12 or 13 million people the metropolitan area of soul. the army of self. korea is around 600,000 or so. the army of north korea is a million or more. in terms of readiness, the north koreans have negative growth and have had real problems with their military, not a military that has the resources to practice and exercise and do everything that a modern military such as the south has been doing for a long time. long areshows just how border it is between china and north korea. border with a long china. interest todeep north korea's future. it is not interested in having sanctions succeed to the extent that they might cause pain to bring down the regime. they do not wish to see the instability in northeast asia that would follow from the collapse of the government in pyongyang. caller: good morning. my comment is an extension of an earlier caller from georgia who spoke about cooler heads. reality inre

seeing shares falling from 2% in seoul.e are getting lines from the prosecutor from korea, viceg that samsung's chairman has returned home around 7:30 a.m. this morning. special prosecutor's spokesperson saying by phone here that lee had denied most allegations. following for the twopast days, he did undergo questioning. of we saw him running into the courthouse on thursday. of questionslot here of him being questioned as a suspect in this bribery investigation. really further deepening this influence pedaling scandal as we have seen rock the nation in korea as well. he has returned home this and the special prosecutor saying he has denied most of those allegations. we'll continue to watch that one. samsung shares still down 2%. let's check back with the broader markets with c.e.o., george, who joins us live from melbourne. we are seeing here kind of here.- losing steam can we see it's over? are we just seeing a bit of a ahead of inauguration day for trump? >> yeah. of profit hiking. obviously markets rally in anticipation

temperatures are going to be 8 in shanghai and quite biting cold in seoul. minus 5 despite sunny weather on your saturday. let's go to eururope then. you can see clouds over the ocean, this means that cold air is flowing over the british isles and in fact we have snowfall on thursday in london. and temperatures are quite chilly. soso watch o out for icy roads. now another disturbance will move into the west coast of the balkan peninsula. we may see some severe thunderstorms, gusty winds and temperatures are going to be as follows. warming up across central and eastern europe. 2 degrees in warsaw, 2 degrees in berlin and out towards the west snow is expected on your last day of the business week in paris. here's the extended forecast. >>> be sure to watch newsroom tokyo at the top of the hour and you can download the nhk app and follow us wherever you aañyxñ >> what makes france and the french so unique? focus," "france 24, and france24.com. welcome. i'm molly hall. it is 1:00 p.m. in the french capital. fellowmpeo follows cabinet picks and disagrees with the

our correspondent told us more from seoul.orter: the scandal has become a virtual vortex, sucking and figures not just from politics, including the president, but from education, culture, sports, and from big business. he is sometimes called the most powerful man in south korea. he is the defect ahead of the samsung business group, the sprawling corporate empire. it is alleged he paid money to a pair of funds close to the president's confidant, at the epicenter of this mass i massive crisis in order to complete a merger of affiliates last year, which shareholders questions. they said it didn't make sense from a business perspective, but it was designed to ensure least control over this business empire. host: we have already seen senior politicians and located in the scandal and others in the past. does this targeting of the head of samsung suggests that big business is fair game in south korea as well? reporter: it'll be interesting to see if it is in the crosshairs, but as you alluded to, since democratization, politicians ha

there will be an election in south korea and a new president in seoul.believes that, kim jong-un, that is, the two statiadministrs hands will be tied and won't be able to take action against north korea. >> we heard that president obama has spoken to president-elect donald trump about concerns over north korea. saima, thank you. >>> two dakota pipeline protesters making their voices heard at the minnesota vikings game. they hung a protest sign. and had repelling gear alongside. the protesters were arrest eed after officers got them to the ground. protesters claim the financial institution has links to the project. u.s. bank declined to comment. >>> the new year started with a severe storm and heavy rain along the gulf coast. we have meteorologist pedram javaheri with the latest. >> john and christine, good morning. some severe elements to go with this storm. incredible to think we have gone several months without any rainfall across parts of the southeast. now multiple days of wet weather pushing through. enough rain with flood watches and warnings in ba

the bbc‘s steve evans joins us from seoul.he country's national pension fund being arrested. this corruption investigation is certainly widening. it is very wide indeed, and labyrinth on. but the length of the whole thing is, to be president and her close friend get money from companies in favours from companies in return for favouring them? this particular aspect today concerns the daughter of the friend, who was alleged to have got into university simply on the strength of her mother's friendship. it is not clear if she is being questioned, or will be questioned, as a suspect, omar likely as a witness. the police here have put out a warrant —— or more likely. she did not responsibly have put out an international warrant and the danish police have now arrested her. so with protest new year's if there, thousands of people out on there, thousands of people out on the street, this is certainly obviously putting more pressure on the president —— eve. it is, but the real pressure will come from the investigation. we simply don't k

steve evans is in seoul. steve is in the south korean capital.s more, this is pretty major in terms of the developments on this story. the allegation is that samsung paid $18 million to a fund in germany controlled by the best friend of the president of this country. and the allegation is being investigated that in return samsung got the votes of the national pension fund for a big restructuring of the company. in 2015, the ruling family wanted to merge two bits of samsung. outside shareholders said that's only so you can strengthen your hold on the company. it is not in the interests of the shareholders. but so the allegation goes. the national pension fund put its votes behind the family. the prosecutor now thinks that that maybe because it had given money to the friend of the president in the first place so. that's the allegation. the herir to the company and his father has been told to appear at the prosecutors office at 9.30am on thursday morning. so it is a very serious turn of events and potentially very damaging for the company. all right

we will be live in seoul for all the information on that. we will have other stories as well. you, sally. what was will be the next global epidemic, a virus we already know about, or a totally new one? the ebola outbreak in west africa exposed how utterly unprepared the world is for new epidemics. more than 11,000 people died, partly because there were no vaccines to protect them. the research charity the wellcome trust is part of a new coalition urging people to look at a new epidemic being even more deadly, especially if it is an airborne virus. we got luck so far. but the world has major gaps that could spread a new disease. this puts the world in a very vulnerable place. scientists have identified three obscure viruses they want to fast track vaccines for. nipah virus, spread to humans from from fruit bats. it can cause swelling of the brain and is mainly common in bangladesh. lassa fever is common in west africa. it kills around 5,000 people every year. the last is middle east respiratory syndrome. it's believed to be spread by camels. it's killed more than 650 people, mo

prosecutors in seoul wa nt to been appointed.witness and will have vital information against her mother but until now, the daughter has distanced herself with charges related to her mother. the daughter herself is suspected of receiving favours in her university process by taking advantage of her mother's ties with the president and criminal extradition process is under way to bring her back to korea. police in turkey have detained 20 people in connection with the nightclub attack on instat —— in istanbul on new year's eve. earlier, the turkish foreign minister has said that chief suspect has been formally identified but they have not released his name. our correspondent reports. is almost four days now since the massacre in the nightclub which left 39 people dead and still the suspect is on the run. his identity has been established but we do not have a name officially released. very little information has come out about him. some reports that he could be in a central asian country, some video footage suggest he was in the centr

i asked our correspondent kim kevin in seoul, how likely it is for president park to show up today.s not obligatory for the president to be physically present during the procedures and it's likely she will not be attending the hearing today. it will be the lawyers who will argue both sides of the case. last month, lawyers listed 13 charges including corruption and bribery for grounds of impeachment. the president is suspected of presuring companies into donating large sums of money to private foundations that were controlled by a close friend. president park has also been charged with negligence for failing to rescue nearly 300 school children who died in a sea ferry disaster in 2014. president park's position is that there are no legal grounds for impeachment and the motion should be struck out by the constitutional court. she's denied direct involvment with herfriend choi soon—sil who has been charged with corruption. the top south korean legal body has six months to review the case and come to a verdict. if found not guilty of the charges, the powers of the disgraced president co

we will have the latest from seoul. and for now european markets are all headed higher — theresa may is speaking in davos in less than an hour and so we are watching the pound sterling. we are also going to be getting the inside track on the winners and losers. also, streaming service net flicks reported a huge boost in subscriber numbers, they put it down to their original conflict, it is a little bit like netflix and chilling. do the streaming services make your much watch shows? do get in touch, use the hashtag. welcome to the programme. do get in touch with your comments, not just about netflix do get in touch with your comments, notjust about netflix but do get in touch with your comments, not just about netflix but about do get in touch with your comments, notjust about netflix but about our other stories. we love to hear from you. we start here in london — where fears of a costly brexit exodus of banking jobs are growing. some leading firms are now weighing up moving thousands of staff out of the uk — after prime

. >> we have a reporter live in seoul, south korea.south korea they're hearing this loud and clear. >> reporter: victor, kim jong-un chose his national address on new year's day to talk about an epoch making turn in bolstering national defense capacity. during this speech yes, again, we heard him making claims of a hydrogen bomb test which we simply can't verify, and then he said north korea is close to test launching an intercontinental ballistic missile. there is no way to independently verify this, but we can speak to experts who have been watching north korea and just a few days ago the former deputy ambassador had defected to south korea spoke here in seoul saying that kim jong-un is determined to forge ahead with his nuclear development program by the end of 2017 and no amount of money will be able to stop him. he had also said that kim jong-un is timing this development in nuclear technology with president donald trump moving into the white house because he believes that washington, d.c.'s hands will be tied. they won't be able

people live in seoul.re's a belief that north korea has enough artillery they could kill tens of thousands of people within minutes. and the only option to sort of stop the north korean preparation is some preemptive u.s. military strike. china doesn't want that. south korea may not want that. so again, it's foreign policy by twitter. maybe the intimidation -- >> some americans may be thinking it's easy. just impose more sanctions on north korea. like starve the nation. what's he going to do? >> well, there is very tough sanctions. and north korea is being more aggressive. there were 20 ballistic missile tests by north korea in 2016. the sanctions aren't working. this all comes back to china. can we work with china to contain north korea? lighthizer, the new trade representative is a china trade hawk. what's our message to china? is it we'll have a trade war with you? we'll confront you via twitter or try to work with you on north korea? the chinese are very aggressive. they are on the rise and want to pus

vonnie: and we will be live in seoul. a.m. init is 8:00 dubai. sheri: welcome to bloomberg markets middle east. happenedtories, what to the u.s. dollar after donald trump called it too strong, now plunging. we see a rebound in asia. yousef: you touched on some of the material. it has been a theme on bloomberg markets: middle east. there could be a verbal intervention from the donald trump team because the strong dollar does not serve the interest of the incoming administration. but it was all about the u.s. dollar. put up on your bloomberg. it is the cable trade. what a move off the back of the latest comments of theresa may. this is a move we saw. i highlighted the two moves. the downside move on the pound, that is when the brexit vote happened last year. then you see the pop to the upside in green. that is the kind of magnitude you see going all the way back to 1993. -- y: yousef: looks like i'm going to pick up here on some exciting moves we have seen in the middle east markets. a mixed picture across the board. in thisee the moves part of the

and seoul with millions of residents and tens of thousands of u.s. forces there.ald trump on the campaign trail, at least, suggested the idea of giving nuclear arms to u.s. allies in the region, south korea and japan. how would that change the dynamic? >> i don't think we want to do that. i don't think that's in u.s. interest. in fact, i seem to see him backing away from that statement. the problem is, if for them to have nuclear weapons, they would have to leave the nuclear non-proliferation treaty. if they do, that treaty is largely dead. and that treaty has been the hallmark of u.s. nonproliferation policy. moreover, if south korea and japan had nuclear weapons, they may well start a nuclear arms race in the region with china, and that is something we don't want to have happen. >> enormous consequences. bruce bennett. thanks very much. >> thank you! >>> a manhunt under way for the gunman behind the first terror attack of 2017. didn't take long. a new photo just released. that's next. ♪ (laughs) here it is. ♪ hey dad! wishes do come true. the lincoln wish list s

mr thae was speaking to our correspondent in seoul stephen evans.ives, my brother and sisters' families, by now all sent to either remote, closed areas or prison camps, you know? so that really breaks my heart. that's why i'm very much now determined to do everything possible to pull down the north korean regime. in order to save, not only my family members, but the whole north korean people from slavery. if, when kimjong un gets the bomb properly and missiles to deliver, is he capable of pressing that button and destroying los angeles? 0h, kimjong un knows quite well that... nuclear weapons is the only guarantee for his rule. kimjong un, i think, will press the button of this dangerous weapon when he thinks that his rule and his dynasty is threatened, to be collapsed. how do you think kim jong un will end his days? is he going to die peacefully in his own bed? no. or how? i am sure that kimjong un's regime one day will collapse by people, and uprising. by people, an uprising. a taxi driverfrom leicester who told a man with a guide dog it was agains

>>pam m: people are dealing with hundreds of fallen trees mudslides in seoul and flooding --sinkholesr.stone: the russian river matt or the crest of the flooding and still a major problem wednesday night those living in the area took to boats to get home as water levels remain high we took what a cop before to the area you concede businesses are still on the water rolled still flooded out of people still optimistic unfortunately all is not what the main store safely lost electricity wednesday spoiling most of their produce leaving mainly to and goods to those to live here many air telling us all eyes on forever flooding is just one of the issue that people are dealing with several homes or read had a couple of days ago after a mudslide

in seoul on thursday, just a couple hours from now. joining us live as peter ahlstrom.been a great 2016 on a product point of view from samsung, and the conglomerate side, a political scandal now. keep us up-to-date with what we are expecting today. that's right. this has taken a turn for the series for samsung. the focus of this investigation has been on president park and particularly her relationship in this influence peddling investigation. prosecutors have been looking into donations that many of the large conglomerates in korea and some to ms. choi of the foundation she controls. samsung denied any wrongdoing, they said it's common for the government to come to the big companies and ask her contributions when there is a charity drive or sports event. as the specifics of these contributions have been made public, prosecutors have narrow the focus in on samsung, in particular samsung was involved worth to theillion daughter of ms. choi and millions of others in horse riding lessons. s prosecutors focused in on this , it has become more serious. caroline: what does i