customer funds being held in the uk? how its the work of the cftc in this area been coordinated with mr. gins efforts to protect u.s. customers subject to regulation 30.7. >> thank you, senator. the cftc does not have -- the authority to bring an action in the uk court proceeding. but we are, as we are in the united states, working very closely with his staff, the law firm that he has hired to represent the, the -- the bankruptcy in -- in the uk and in front of the english court and we will continue to monitor all the different actions that happen in that proceeding. >> do you have anything to add? >> just to confirm that we do confer frequently with the cftc about the strategy in the uk and the nature of the legal issues. equally, we have, to the extent we can, shared information with judge freeh regarding that proceeding. of course all of those funds in the uk are segregated assets that belong to the 30.7 customers of the broker feeler. >> mr. duffy, do you have any views on the fia recommendations offered last month to

punters in the uk. johns in america. eating this demand for these traffickers. >> is the one victim. she was raped held unlawfully against her will. it isn't just that one victim, it's other victims. you will find brothels and victims in every town in englan england. >> she supply of human traff trafficking victims is only expanding. >> according to the u.s. state department, the global recession ir in the last two years has exploded the number of slaves and people trafficked. many people want to move from point a to point b. what they don't sign up for is rank exploitation, rank abuse and violence and slavery that happens at point b. >> when it was all over, operation con tam ter 2 became the biggest crackdown international sex trafficking in british history. in all, british police rescued 164 victims and arrested 406 suspects. 67 people were charged with trafficking in human beings. operation contamiter 2 also supplied a successful template in other countries interested in stopping human trafficking. >> they were able t

it was one of the most deprived parts of the uk. the organizers are hoping the legacy of the games will not just be in its physical building, regenerating this part of london to something that is a spectacular destination and famous landmark, but also inspiring a generation. that is the slogan that is being released today, inspiring a generation around the world and in the uk. we will be covering this around the clock here on bbc world news. thank you >> did nato ministers meeting in brussels have discussed how to fund afghan security forces after troops leave the country. u.s. officials are expected to press allies inside and outside nato for a commitment to pay around 1 billion euros a year beyond 2014. joining me from brussels is the defense coordinator. this will get harder and harder to convince countries to pay up, because many seem to be heading for the exit door at the moment. >> it is key to counteract that impression. australia said on tuesday they would bring back troops by the end of 2013. earlier than most people thought

because the uk is only going to reduce their forces by about 500 over the next year. which is very small. so, i mean, that's helpful. that serves as a great statement in helmand province for us. we've got it. we're here. i think that the strategic partnership you refer to in the beginning between the afghanistan and the coalition has had some challenges. the two big ones are obviously night raids and the tension operations. i think that the president of afghanistan has been working very hard to cut out night raids. what we have done in order to satisfy that desire by the president is, in effect, we have taken u.s. forces out of the actual conduct of the night raids and put them in an adviser trainer role. so helmand province we will conduct night raids almost every night. we're still doing night raids. we're doing night raids with commandos. we're doing night raids with the narcotics interdiction unit that was mentioned earlier. in fact, we just had -- we had a raid several months ago where it was done by the niu. it was advised and trained by a couple of dea agents t

it is worth reminding that the uk is back in recession. pointing flash estimate of first quarter growth. minus 0.2%. the consensus was plus 0.1%. you have to remember that the pmi survey suggested a growth of 3%. it seems to have dragged it down was the construction number, big fall in construction output. down 3% on the quarter. but that doesn't -- even that doesn't sort of measure up with what they're saying with what the pmis have said and the bank of england had previously cast some doubt on just how much you could rely on the ons construction survey. so we'll wait to see what happens if we can get revision up. remember, in the last quarter we thought we'd get a revision up. it didn't happen. anyway, at the moment as it stands, the uk in recession. george osborne has come out and said we're abandoning any economic plan. it would just make the situation worse. now, besides earnings and economic data, it's the day the big man steps up to the plate. ruepert murdoch is expected to testify. he's raised me questions. kayla tausche is on the g

they sold about the total will terp looki they were looking for. uk public borrowing 18 billion, which basically meant the target of 126 billion for withis fisca year was essentially met. andrew, when i look at this quota we have between borrowing targets, auction results, austerity measures and growth, as well, where are we all sitting here in europe compared to the u.s. and china? how is the rest of the world going to help or not help us? >> the u.s. has done probably a bit better than most expected. there was some nervousness about the latest jobs figures. but i think the real powerhouse of the global economy these days is the asia pacific region. the ten largest including japan and australia have more global gdp. and that's been actually the engine that lifted the world economy out of recession in 2010. it's weakened a bit. some of the asian economies have been weakening. but there we're seeing interest rates being cut, speculation in austral australia. as we go through this year, we should get a bit more impetus from that part of the world econom

also it says it will spend 1 billion pounds on the uk business. ore negative note it did say that the u.s. break even will be later than planned. speaking first, tesco explaining why it's continuing its push into the u.s. >> once we know those stores make a profit, we can then actually roll out much quicker and cover the substantial overhead that's in place, but making sure we've got the model right before we start to scale it. that's the key to the success for the u.s. >> and let's move on and take a look at the government bond markets. the 10-year bund moving off its lows that we saw on monday. keep in mind we'll get results of a two-year debt auction later on. and the ten-year spanish yield way below the 6% yield we hit on monday. so we are seeing some improvement, but the big focus will be on the two and ten-year auctions we'll see tomorrow. the ten-year italian yield, the low 5 preside.5%. that's going to happen one year later now. and the ten-year gilt moving slightly low finally let's show you the dollar rates aet this point. sterling/dollar

that's the uk pmi. recap, sterling was above 1.60 yesterday, but rebounded after selloff this morning because what the fed said back to 1.59. and there'll be a certain element here if growth is stronger of deciding that there won't be anymore qe. a bank meeting tomorrow. it'll be fascinating to keep voting for an expansion of the quantitative easing program. they've started to get back up to the session high off the pmi stronger than expected. this time the services side, meanwhi meanwhile, the policy makers work out how to save the eurozone, others have been working out how to break it up. offering 250,000 pounds, the highest economic award outside the noble prize to those who can best articulate how to manage a breakup of the single currency. five entries have been short-listed for the prize. joining us a little bit earlier today was short-list contender nordvic, and he had this to say. >> i propose to have those type of assets redenominated into a basket of currencies so they can be settled efficient

this far into the great depression, the uk was actually growing. is shrinking. that's in marked contrast to the u.s. which has experienced modest growth during the same period of time. in 2010, the uk economy began to contract, even as the u.s. economy expanded. what happened in 2010 that set the the u.s. and uk economies on different paths? >> britain had an election. a conservative government led by prime minister david cameron came into power promising savage cuts on spending on everything from education to welfare, because he said that would turn the economy around. his policies are virtually identical to the ones that the u.s. democrats claim will hurt our economy. here's cameron wednesday echoes republican rhetoric. >> typical of this arrogant prime minister, he tries to blame it, the reality is, this is a recession, made by him and the chancellor in downing street. why doesn't he admit it? it's his catastrophic economic policy, his plan for austerity, cutting too far and too fast, that has landed us back in recession. >> we will not let anyo

on her return to the uk, katherine accompanied her husband to visits to his causes while she researched her own. in january, her charities were announcement and they focused on art, addiction and hospice care. although it was nearly always what she wore that made the headlines first. >> i have been kind of a bit concerned that if it keeps up like this with kate turning up and people just writing about what she wears, then she'll get a very shallow image and i have mentioned this to people at the palace, but that will change, because she will be doing more interesting, more challenging jobs.

it's given the uk a cold. >> he's said that to some extent. he said they were terrible numbers and didn't expect it to be bad. it's the clever political thing to do. you can't blame everything on europe. the point of the policy has been to try to decouple britain emotionally from europe. look, we are different. we are not in the euro crisis. this would wash up on their doorsteps. he's got to play it clever. he can't blame it all on europe. >> is he thinking of creating a stimulus package? >> he said definitely not. he's constantly asked about it. they say they are sticking at their plan. they are reluctant to change plans half way through an administration. >> we talked about this being david cameron's rough week. economy is everything in any form of democracy. this country or the uk. there's been other stuff going on. the murdock trial. it's been washing up on his doorstep, why? >> there's a couple things going on here. the murdock thing has been going on for years. the hacking scandal went on for years. there's an inquiry going on for months

both for the uk and for the euro area. but you're looking at negative growth or very low growth for the coming quarters, i think, question, still. >> sterling's just hit a session high, fur month high, sorry, against the dollar as a result of this, 1.6047. where does leave the further qe debate? there are still meets of the mpc still wanting a bigger program. >> yeah, i don't think that's we'll get a decision on that this week. i think it's more likely to come in may and you are call is that we've seen the last bit of the qe program in the uk. we're not going to get anything further. saying that if there is a down size surprise on the economy, i think the debate will resurface. but as it stands, it doesn't hook like there's going to be another installment. >> we'll take short few moments. george osbourne is expected to challenge india's decision to overhaul its tax regime. we'll have the latest from mumbai. so, how do you feel about cash back? i would not say i'm into it, but let's see where this goes. [ buzzer ] do you li

he says he wants to stay in the uk to be try rather than be extradited to the united states. he's accused of running websites that raised money for terrorist groups. next week, the european court of human rights will rule on his extradition. we have this exclusive report. >> he's the longest serving prisoner in a british jail never convicted of a crime. the u.s. authorities are fighting to extradite him. they claim he ran extremist websites to support terrorists. in days, he'll find out his state. in an exclusive bbc interview from prison, ahmad claims he'd been denied justice by the british authorities. >> i asked the public prosecution to please put me on trial in this country and to find out what has gone wrong in my case. there's been a serious and unprecedented abuse of process. >> the government tried to stop this meeting. the high court judges backs the bbc. he's been held since 2004 in maximum security awaiting extradition to the united states. >> detention without trial is the most unimaginable type of psychological torture anyone can think of. >> coleman is an extre

notable in the uk and canada. opec supply held near 3 1/2 year supplies. crude revised down slightly. totals fell in february compared to the historical average of 38.8. oil supply holding near the highs. spare capacity at the lowest level since between you 8. all of those to keep oil prices at he's extended levels. our guest coming on says ongoing supply worries will keep supporting the oil price. also coming up in today's program, google prepares to relax its first quarter earnings. we'll have a look at how it will shape the earnings season. black rock is reportedly planning to launch a new electron being trading platform. and we'll find out the lodge willic behind the timing of the launch in 30 minutes. first up, let's bring you up to speed with global markets. >> take a look at the asian session. positive handover from europe and also the united states was one thing and the interesting thing is that the world bank skied to trim its growth expectations to about 8.3% from an earlier forecast of 8.will%. yet the markets took in vid. and the property sector

>> it's very important in the uk. we've seen just over the last month or so a big rise in pet tral prices. somewhat artificial. but even before that, prices were at record levels. pet tral prices are there. >> markets are getting agitated clearly about spain. the economic data deteriorates further, markets are more agitated about it, is there the risk that will just rebound on to the uk and if so, by how much some? >> i think i'll ignore the second half of your question, but it's difficult for the uk economy to do well when europe is such a big drag. we have over a long period of time reoriented our export markets. germfully used to be the single biggest export market and thousand of course it's america. so it will be very difficult for us to have a decent recovery, but i think in those pmis that we've been seeing, there is something of a disconnect already emerging between the uk and europe. and i think the outlook for domestic demand particularly from the consumer side, about if inflation does continue to come down,

we ended up driving to tia juana with our family in order to return to the uk. we then had only five months to verify. we flew back to the u.k. for the interview which cost about $6,000, rather than processing in the u.s. embassies were rude to me and my bike in the process. -- wife in the process. we were a small company but had been in the u.s. for eight years, and had one of our best years. they seemed unaware of general business and tax accounting practices. however, my wife developeafter h the officer, the visa was approved. afton and there was finger wagging saying that you need to come up was something better than two years' time currently, there is no resolution for these types of green card holders. we will have to constantly trouble in the new at the will of immigration authorities. so how does this affect families? it affects our ability to run a business with unpredictable but times. it makes you unproductive and therefore unproductive thanks to the huge amounts of repetitive information required. processing fees which are a burden to the families inv

in the uk, two rabbits, 11 dog, five cats, putting on a diet six months so they can lose weight that cat can barely walk up the stairs. >> they say 12 million pets are being fed the wrong stuff in the uk. >> a lot of these cats and dog, eating the same things their humans eat. take-out, potato chips, biscuits and toast. rabbits have the worst diet, because most people don't give them enough hay. most people give them this, what makes them pork up. >> what kind of health problem does that pose for pets and humans alike? >> they fay diabetes, heart disease and it shortens a pet's life expectancy if they are overweight. >> i can see how you could work out a dog and i guess a cat, too, but how do you work out a rabbit? like a bunny? >> get it to hop around, man. carrot on a string. make him taste t. ah! >> all the pets listed. you can see some of their problem, like maverick the cat is 85% overweight. >> fifi is 107% overweight. >> and jack can barely walk. >> otis, 41% overweight, not much compared to the other ones but otis has four beds. >> we're behind all of these pets. i've got to s

we have a lot of assets we believe that are in the uk. uk has a separate administrator. separate court system. we don't have privity as the holdings company to challenge and file some of the claims as subsidiary inc. will do. but it is a very difficult task to -- to get facts and return assets overseas. some restriction as but how segregation should be mandated for u.s. investors overseas is a key one from the point of view of chapter 11 trustee. i would emphasize that. thank you very much. >> thank you. good morning, chairman johnson, ranking member shelby and members of the committee. thank you for inviting me to discuss the collapse of mf global, and policy implications. on november 9, 2011, the commission voted to make me senior commissioner with respect to mf global matters. this authorizes me to exercise the executive and administrative functions of the commission solely with respect to the pending enforcement investigation, the bankruptcy proceedings and other actions to locate or recover customer funds or determine the reasons for the shortfall in the customer acc

these are employs of news corporation in the uk two, did they cook the financial books?want to jump halfway around the world very very quickly, a news -- news out of australia last week that there was hacking there as well. am i correct? >> yes. it has been a scandal boiling up over the smart cards used in cable tv. and there was [ inaudible ] going on in australia -- >> in the murdoch empire. >> yes. >> and if you begin to show a global reach of the scandal becomes that much more relevant. did it happen here? >> yes. bare in mind the scale of the fca has reached $800 million. people have been put in prison for 15 years and this is really serious stuff. >> i want to thank you for

by river supplies, located here in the uk and owned by canadian businessman tom haughton. is currently under federal investigation for shipping counterfeit avastin into the u.s., offering it for $2,000 a vial, some $400 less than the manufacturer's price. tom. >> hello. >> reporter: we track haughton down last month in barbados. he denied any wrongdoing and took a strong stance against counterfeits. >> we're depending on the governments and the regulators to make sure these supply chains are, indeed, safe. i will do everything within my power to ensure this never, ever happens again. >> reporter: the fda says one distributor of the worthless altuzan was california-based bandoon marketing. in february the owner pleaded guilty to distributing adult rated prescription drugs for cancer treatment, not approved by the fda. according to the government, it offered big discounts on cancer treatment drugs, 14% to 16%, requesting doctors keep its price list confidential. when contacted by cbs news, tom haughton had no comment. the fda, meanwhile, would not tell us how many doctors ma

but also with the uk. far as how women breadwinners are working out relationships. >> in europe in general, what is so interesting, and people don't realize this -- women are outnumbering men in college and universities around the world. in developed countries and also developing countries. really, i think this is going to have a profound impact in countries like -- like middle-aged middle eastern countries. specifically looking at europe, i interviewed some spanish demographers who have made projections about globally what we will look like in 2050, it is going to be a world of educated women and less educated men. one of the things they are tracking is the shifts in the marriage market. what they are finding is that women are marrying more progressive, european men who are willing to adapt to their level of education, and that men are marrying immigrant women from central or south america we still have a more traditional mindset. the way they put it was, you know, men want the kind of women who used to ex

. >> last week, i met the chief executive of the fourth largest manufacturing group in the uk, unisonngineering, which has a substantial factory in burnley. he has been instructed by his u.s. board to increase the turnover of his u.k. operations so as to take advantage of the government's industrial strategy. he is concerned about the lack of skills. can my right honorable friend assure me that the government investment in apprenticeships and university technical colleges will increase over the coming years? >> what is interesting is that if any member of parliament wants to talk about manufacturing success or business success in their constituency, they are shouted down by the opposition, because all they want to hear is bad news and to talk our economy down. we are investing in skills and putting more money into the apprenticeship schemes and the university technical colleges. i was at airbus in filton this week seeing the expansion and growth plans there, and it is good to hear what is happening in my honorable friend's constituency. >> does the prime minister agree with his chance

more than 100 lawsuits have been filed in the uk. more may soon be filed in the u.s. and that is perhaps news corp's executives biggest fears. news corp based in the u.s. has global reach worth an estimated $60 billion, it owns influential u.s. media companies, including 20th century fox, the wall street journal, and fox news. tonight its 81-year-old founder in chief gets ready for another round of grilling in the morning, and another reminder that the scandal is far from over. stephanie gosk, nbc news, london. >>> also in the uk tonight, a tantalizing statement from scotland yard. madeleine mccann, whose disappearance during a family trip to portugal almost five years ago, caught worldwide attention, could conceivably still be alive. that possibility was floated as police released a new computer generated image showing what she might look like today at almost 9 years old. scotland yard is urging portuguese police to reopen their investigation and pursue what they say are 200 outstanding leads. >>> still ahead along the way for us tonight, made right here at home with

uploading a video to the project, send it to the moment i knew@huffington post.m. >> ato yousbazee from the ukand someone asked him, what do you like? >> i like kech tchuketchup. that is why i have ketchup by my bed and at my fridge. when i go to the supermarket to buy ketchup, i buy another ketchup. and before i go to -- i buy another ketchup. and when i get to -- i have three ketchups. i say, give me another ketchup. >> is he a real person, or is he like a marionette? is he like a puppet? he moves kind of like a puppet. >> my friends call me, what are you doing? ketchup. with what? ketchup. what are you eating ketchup with ketchup? ketchup. >> why would somebody make this video? >> have you seen the videos on our show? >> you don't understand, man. people ask, why do you like ketchup so much? >> i know somebody just like this. >> that likes ketchup this much? >> no. she likes hot sauce. >> oh, yes! >> because she keeps a jar of it in her purse. is it in there right now? then you should buy another hot sauce at the grocery store when you buy the hot sauce. >> i do, i do. >> that is no lie. >>

thises is being submitted to the uk courts for resolution. we have distributed in excess of $4 billion. thank you for this opportunity to testify before you. >> thank you. >> thank you very much. good morning. thank you for the opportunity to appear here. you have my opening statement. i want to leave time for you. i want pointed as the chapter 11 trustee effective november 28th of last year. can you addictions to mf global holdings. five other subsidiaries to which i am acting as the chapter 11 trustee. i think everyone understands the functions of the chapter 11 trustee. very distinct and different from my colleague. under the bankruptcy code my obligation is to investigate the acts, conduct, look at assets, liabilities and the financial condition of the debtor among other things. the responsibility of the chapter 11 trustee is to maximize the value of the estate to creditors. including the top 20, which is included in the materials. when i was appointed in november i landed in the middle of a number of issues. first very active ongoing inve

i'm just wondering whether that's a one month thing, whether that could possibly be a trend. >> the ukfollow the u.s. a bit more closely, so i think it's fair to say that we are slightly more being pulled along by the u.s. engine rather than the eurozone. but generally speaking, i think with the worst behind will us, the blow off low in markets in october, we're quite some time away from that now and i think gradually confidence is returning. germany never had more than a slight tip. german unemployment is a 20 year low. these sort of things, they're depending i believe in a much stronger position than most pundits would allow. that's the issue. the expectation is lower than the reality even if the reality is relatively weak. >> fair enough. that data just helping us bounce off the session lows for the sterling and ftse. the pound actually still up. our next guest says despite spro supply concern, hedging for another oil price spike is prudent. so what's the best way to protect themselves some joining us is chris walker who is currency strategist at ubs. chris, thanks for joining us. i

we will get key economic data from spain as well as the uk. gling to balance austerity measures while keeping economies afloat. and trying to institute growth plans. what does that mean for your money and is it time to take risk off the table? joining me now is stephanie, sarah, ceo and portfolio management where she overseas $14 billion in assets. thank you pour joining us, ladies. >> thank you for having us. >> sarah, when you hear all those things, what is most important in moving your money, moving the markets. >> yes. europe remains the epicenter of the problem. we lack to european statistic to see how bad it is in the eurozone. you mentioned spain and france. we have election results. there is quite a bit of data to digest. >> so what's most important to you? what do you think is the actual mover of the needle in terms of moving the market? >> well tomorrow if we saw very significant increase in the spanish budget deficit, that is problematic. >> okay. >> what we see at cause way is this conflict between austerity and the necessary medici

these shots go from the uk, the united states, canada, to the middle east, europe, awesome to look atl leave with you that. see you guys tomorrow.

these shots go from the uk, the united states, canada, to the middle east, europe, awesome to look atl leave with you that. see you guys tomorrow. >>> we will were crying and upset. i don't understand why she would stab an 8-month-old baby. that's a crazy. >> what happened with a mother and her child. >>> and he was wons candidate for the highest office in this country, the latest from the trial that could put john edwards behind bars for decades. for most of you watching this next story is too awful to come prep henned. a mother repeatedly stabbed her 8-month-old daughter insidedepa. brian kuebler joins us with more on how this happened and the fate of the child. >> reporter: we want to tell you up front the child is expected to survive and is at the hospital. the mother is being questioned by both police and mental health officials. police say the mother of an 8-month-old baby girl pulled ut a kitchen knife and

these shots go from the uk, the united states, canada, to the middle east, europe, awesome to look atleave with you that. see you guys tomorrow. bailey: there are 13,000 cabs in the streets of the big apple, but there's only one that pays you. climb into the cash cab,

risen to be the sixth largest importer and within touching distance of the uk. underneath that worth stressing one of the main reasons in chinese arms exports in the increase in volume of imports by pakistan. china accounts for around two-thirds of the volume -- pakistan accounts for two-thirds of the volume of chinese exports and in particular, aircraft, naval vessels and tanks. i think it's worth stressing according to our data china has yet to make a major breakthrough in another major state. short of volumes, regional balances of power or internal conflict and ki r dynamics and a certain amount of member states depend on china. russia is taking concerns with regards to china emerging as potential rival in some of its established markets, and we've seen since 2010 significant efforts on the russian side to focus more upon china as a competitor in the median term. with regard to the pick color of the recipients, the headline we have this year was the top five recipients are all based in asia. but i think it's also worth noting in 2011 we saw major dealing concl

and here in the uk, relatively low, 2.15% on the ten year debt. christine. >> the big story bric nations led by brazil are demanding for more voting power at the imf in exchange for fresh cash injections. so far the fund has received pledges of support amounting to $320 billion from europe and japan. the imf would like brazil, russia, india, china and south ever came to further strengthen its war chest. still even without them, the imf is well on its way to meeting its $400 billion target. in fact japan's finance minister is telling the media that firewall funding could even exceed that amount eventually. if not by the end of this meeting. but doubts remain as to when the imf can actually solve europe's debt problems once and for all. joining us is steven schwartz, steven has had over 16 years of experience as a senior resident representative for the imf. steven, welcome to the show. thank you very much for being with us. got to ask you, we have bric wanting more power, but they want more say. having been at the imf for some team, can you give us