that part of london is being transformed. you have huge amounts of construction, thousands of jobs being created. more than that, when it happens, it is going to be the single biggest showcased this country has had for as long as anyone can remember. >> there's plenty of opportunity for the unexpected as well. the london mayor's decision to do his own lap of the dome. >> bp has posted one of the biggest losses in corporate history, $17 billion in the red. you can get that and much more international news online and on twitter and on facebook. thank you for being with us. >> get the top stories from around the world. go to bbc.com to experience the in depth spenceport reporting on line. >> funding was made possible by the freeman foundation of new york, stowe, vt., and honolulu. newman's own foundation, the john d. and catherine t. macarthur foundation, and union bank. >> union bank has put its global expertise to work for a wide range of companies. what can we do for you? >> there is one stage that is the mets and carnegie ha

olympic stars gather at the site of a new stadium in london. the cost of dealing with the disaster of the oil spill in the gulf of mexico has pushed british petroleum into the red for the first time in 18 years. the company lost $17 billion between april and june. it has cost the chief executive his job. he will be leaving in the fall. british petroleum is setting aside more than $32 billion to pay for the cleanup. >> the flower of british industry, red ink all over their results they have lost money relating to the oil spill and they have had 17 billion lost in three months. here is what caused the calamity, the explosion three months ago on the deepwater horizon ricrig. >> the worst performance in their history. are you confident? >> the underlying performance of the company is actually a strong. there are strong assets around the world. these have large consequences but there is no doubt that we can rebuild the company. >> they have to change the way about this huge company operates. they know they have to control the risks of operating much

to london two years ago. china felt its prestige was at stake when beijing hosted a lavish olympics. in contrast, london is planning a smaller, less extravagant event. compact is now the key word. construction at the olympic park begun two years ago. shortly afterwards, the collapse of lehman brothers hit the world. the ensuing debt crisis has created a very difficult financial climate. >> this country cannot afford it, no. >> from what i know, the olympics are never a money maker. so it's usually a loss. >> reporter: the british government is allocating about $13 billion for olympic infrastructure projects. with deficit reduction high on its agenda, the british government has cut the olympic budget by about $40 million. this budget may be trimmed even further. the main stadium is the icon of the compact, budget-minded olympics that london is planning to host. the stadium will accommodate up to 80,000 people but will not stay that size after the games. >> the upper tiers, which you can see 55,000, all of thos

the irish war was now on the streets of london. marion spent the next decade in prison but over the next twenty five years the ira would explode thousands of car bombs. just one bomb could destroy a small town or blast the heart of a key financial center like the city of london. bomb disposal officer my cauldron was called out to diffuse the biggest ira bomb of all. round about ten twenty seven the morning. tremendous blast from the truck out there in the ship about three thousand kilograms i exploded. sent a blast wave that ripped old. windows out of the whole area. the ira deliberately planted the bishopsgate bomb on a saturday morning knowing that most of those city offices would be empty. it was economic terrorism. the total bill clinton shortage bishopsgate was around about one billion pounds. imagine twenty times that amount of devastation in city centers around the united kingdom. the ira never won their war in ireland but the british lost theirs on the streets of the city of london. did you think this was going to change th

and welcome him back to london and thank him for the advanced side of his statement. we all join his words of condolence and pride in the remarkable work of our armed forces. their bravery, their fortitude and their intelligence is an example of the best of this country. we welcome the kabul conference for a chance of the afghan government to match its commitments that the international community made in london in january. thoughtful engagement with the profound differences that the foreign secretary is now responsible for require as, i believe, mr. speaker to ask probing questions in five key areas and that is what i will do. first, the timetable for british withdrawal. policy in this area is followed intensively by our forces and their families, by afghans and by other countries in the region. as lord guthrie said earlier this month, mixed messages are dangerous. the deputy prime minister earlier today said, quote-unquote, nothi is chiseled in stone. and then insisted, i think, six times that there would be no britiscombat operations from 2015. last november, mr. sp

earlier my colleague kevin owen spoke to our correspondents on both sides of the atlantic laura i met in london and christine for zahau in washington. well there's certainly is some suggestion that this is nothing new we knew this before we knew that there was corruption running right through the war in afghanistan and we knew that this was going on but certainly to see it in black and white particularly represented by as you say more than ninety thousand documents is something quite extraordinary what happened was that julian assange the founder of wiki leaks released this information ahead of time to three newspapers one here in london the guardian one in germany biegel and also to the new york times they then looked at that information and assessed what they wanted to write about and whether the information was genuine and he then held a media conference. and talked about it and one of the things that he said was he was pressed by journalists on war crimes whether he thought there was evidence of war crimes here and eventually he said that he felt that it was for a cool it's of course to dec

and finally london has march the milestone of two years to go before the twenty twelve summer olympics where the series about to hit is across the city the official mascot a one eyed monster called wenlock was on hand at the olympic stadium to help unveil a temporary track the venue will host a track and field events as well as the opening and closing ceremonies meanwhile for time olympic cycling champion said chris hoy became the first person to ride a bike at the brand new london velodrome which he helped to design and former n.b.a. player john and that she showed off his slam dunk skills in the basketball arena the first official merchandise store was also opened in the city on tuesday mare of london boris johnson thomas the british capital one fail to deliver in two years' time. believe me it is going to be a great it's going to look this is going to be it's going to be i think the greatest living games ever but it's very very important that we have lots of people who can. help to guide the world. and that's what the sport for this world isn't by phone or. hungry for the full story

reporting now protesters forcibly removed from the lord all visit the houses of parliament in london complaining that their right to freedom of speech is being trampled on on tuesday bayless evicted their peace camp in westminster but the campaign is calling for an end to the war in afghanistan say they're determined to return all season or emmett's reports. democracy but only on our terms that seems to be the message coming from the powers that be in the u.k. capital as a peace camp is finally removed from the government's doorstep as dozens of bailiffs and police sweeps to clear out the campaign as london's mayor said the demonstrators were making a mess and stopping the public from enjoying parliament square but the protesters insist their crucial message is being muted i would like to see the body go. on primarily i would like to see the aggressive foreign policy that this government has been pursuing over the course for such a long till going back through many governments and i would look to see an end to. sobering stories. for a new reason they've been resident in this focal sp

thank you for coming out here and i'm going to let london speak first and i want to thank you for his dedication and there are a special presentations and i will conclude with a few thoughts for this afternoon. >> thank you mayor newsom. i am here to give acknowledgment but first of all. are you guys having a good time? >> yeah ! >> are you guys having a good time? >> yeah ! >> we have some more performances and be patient and we want everyone to know this effort is a collaboration among many and i want to take this opportunity to thank many people and bear with me and i want to thank our mayor for his hard work in san francisco and specifically in district five i want to thank our wonderful supervisor ross mirkarimi for working tirelessly and for the directors that started magic in the first place and now we have mo magic because of it, and i wanted to thank sister davis and she is running around here crazy and she works tirelessly with this and making it work. schools of the sacred heart have been a partner of ours for many years and thanks for their commitment. we want to thank our

welcome back to the kaiser reports i'm not to go to london to talk to ben davies director and c.e.o. of hyatt capital welcome to the show ben davies thanks very much nice to be alright ben you run a gold fund why has gold risen so much in value and i you sticking to your target of thirty six thousand dollars an ounce. good question. gold is rising because there is a master basement of global currencies around the world central banks of. governments of moved on a policy of monetize ocean and fiscal imprudence in order to socialize all the losses in the private side or the bag so to so in order to to allow the banks they needed to find some money and unfortunately that wasn't very forthcoming so they've had to create a consequence of that is that people understand the money is becoming gradually or actually rather rapidly worthless as a consequence there is a growing move into gold so when people talk about a bubble brewing in gold i think they're very misguided in actually what we're seeing is a bubble in paper currencies all right now when you talk about the governments creating lots

analyst are you a chess global insight joining us live from london. i'm not so from the business scene for now but of course i'll be back with more updates for you next hour and in the meantime you can always find more stories on our web site that's dot com slash it. would be so much brighter if you knew about songs from funds to freshen some. stunts on t.v. don't come. cheap. it's all falls down here in my state this is russia's own toxic on the top of the chinese fault forced thousands of barrels of highly explosive chemicals into a major river officials say they could be forced the russian border within a week. reports from south korea claim a russian investigation has exonerated the north from over the sinking of a solvent bullshit this colton's findings by u.s. france inquiry which concluded that a little korean torpedo some ship. fictitious to embarrass saying british peace activist the afghan war strategy following the massive leak of u.s. military secrets they claim the revelation of the mistakes and coverups will seal and. they sell the lovin

backing the insurgency as cross to our correspondent for both sides of the atlantic tonight laura in london christine for those in washington laura first year for may why is this so much fuss about this leak today u.s. officials on one hand claiming the information is at least seven months old and it doesn't contain anything highly sensitive anyway. well there certainly is some suggestion that this is nothing new we knew this before we knew that there was corruption running right through the war in afghanistan. and we knew that this was going on but certainly to see it black and white particularly represented by as you say more than ninety thousand separate documents is something quite extraordinary what happened was that julian assange the founder of wiki leaks released this information ahead of time to three newspapers one here in london the guardian one in germany desh spiegel and also to the new york times they then looked at that information and assessed what they wanted to write about it and whether the information was genuine and he then held a media conference here in london and tal

two years' time in the city has the kind down with a series of activities across london the official mascot a one eyed monster called when love was on hand that dylan picked stadium to help unveil a temporary track the venue will host a track and field events as well as the opening and closing ceremonies meanwhile four time olympic cycling champion so chris hoy became the first person to ride a bike at the brand new london valid drawing which he helped to design and former n.b.a. player john amaechi showed off his slam dunk schools in the past with the arena the first official merchandise still was also by opened in the city on tuesday and the mare of london boris johnson promised the british capital one fail to deliver continuous time. but believe me it is going to be it's going to look a small talk it is going to be is going to be i think the reason the big games ever but it's very very important that we have lots of people who could. help provide the local. football manzanita had a frustrating time in romania last night unable to break down ten minute in the third qualifying round

and then to you war peace camp set up in front of london's westminster parliament has been removed by dozens of police officers protesters claim their democratic freedoms and a right to free speech are being violated the very things the government said it wanted to defend when it went to war in iraq and afghanistan. democracy but only on our terms that seems to be the message coming from the powers that be in the u.k. capital as a peace camp is finally removed from the government's doorstep as dozens of bailiffs and police sweeps to clear out the campaign as london's mayor said the demonstrators were making a mess and stopping the public from enjoying parliament square but the protesters insist their crucial message is being muted i would like to see. more primarily i would like to see the aggressive foreign policy that this government has been pursuing over the course was such a long till going back through many go moves. to see. sobering stories. for any reason they've been resident in this focal spot in westminster since just before may's general election mainly calling for an end

what were the circumstances are round london? where did he die and what caused it? >> lenin and chronic health problems. his impatience came from his presumption that he might die young. he said that all revolutionary leaders died young. he had problems with his heart. he may have had syphilis. he certainly had very, very terrible problems with his health. more or less, as soon as he took power. he went off for periods of convalescence in a sanatorium south of moscow. from 1922 onwards, he was a cripple. he could barely talk. he wrote a testament in which he called for the removal from post of responsibility, joseph stalin. he predicted the possibility of a conflict between two potential individuals. one was stalin and one was trotsky. he had objections to both of them. ultimately, he had the biggest objection to joseph stalin. but when he was sick, what was his role in the soviet union and what was going on in the world? >> in the early 1920's, the soviet union was in a bad way. in have come through a civil war. the country was exhausted. the economy was ruined. in

welcome back to the kaiser report time now to go to london and talk with ned naylor leylandii he's a fund manager at chevy out asset management ned we've had loads of demands from viewers of the show to talk about so over you're an expert over investment so give us a brief history of solvers role as a currency and a central bank reserve and where it is today in sixty seconds go ned yeah thanks a softball question i think obviously most of your most of your view is a fairly aware of the role of of silver as a currency historically. i think in sort of double digit turns around the world the word for silver money's interchangeable silver is probably more relevant at the moment in terms of the of a monetary asset over in asia where the chinese are obviously buying a fair amount of the stuff along with gold through their bullion shops but look you know i think we're all we're all of the mind that paper currencies are in a state of. distress if not collapse and i imagine john of that's interesting because one little factoid i don't know if you've done much study on this or not but during t

rushnell collector there in london very interesting to hear we have to say. the british prime minister david cameron says afghanistan will be the main topic of discussion when he meets president obama on tuesday during his first official visit to the white house cameron would also have to answer claims that the british based oil company b.p. successfully lobbied the u.k. government for the release of the libyan lockerbie bomber to secure an energy deal almost a hundred ninety americans were killed in the tragedy over twenty years ago relations between london and washington are also under strain because of b.p.'s oil spill in the gulf of mexico and. instead with a slick u.s. officials say the amount of oil seeping from the blown out b.p. operated well is insignificant they also believe seepage discovered near the well at the weekend could be a natural occurrence as a result b.p.'s been told to carry on with its plan to seal the hole in the ocean floor for good the firm feared it would have to remove the cap which was fitted last week because of concerns over t

discuss the ban on islamic face covering garments i'm joined by merriam friends was soraya in london she's a franco british writer and oxford university islamic society media executive see him in paris and she's the president of the organization translated into english as neither whores nor submissives and in new york we cross to mona el to howie and award winning columnist and writer and another member of our cross talk team you know on the hunger all right cross talk rules in effect that means you can jump in anytime you want marry him if i go to you first in london what is this issue can you give it to me is as a hierarchy or what's most important is this a religious issue is this a woman's issue is this a tolerance issue is this is where i'm challenging the west in its own backyard because and looking at this is in a very complicated story because there are so many different points of view and we have parliaments now in western europe taking action to ban it which by the way very few women in western europe actually wear this type of garment go ahead. in fact as far as i'm concer

a nonviolent protest camp gets evicted by a london police questions are raised about the u.k. government's tolerance for criticism. now with people flocking to the beaches for summer sun one black sea resort in ukraine has an all to gather a seedier side of das has become a thriving hub for the sex slave industry a strategic poor location makes it a hotspot for human trafficking between the region and the rest of the world. now reports. it is from in the sun in the ukraine in port city of odessa hundreds of thousands come here during the height to receive them. but for this woman from central africa it became a living nightmare with her identity concealed she told us how she was turned into a sex life. i met a man who told me he'd marry me and take care of me he brought me here then he locked me in a hotel room the men came every day and raped me sometimes there were three of them at once later the man said he'd sell me to turkey but i managed to find help. she managed to escape from the man who had in slave now she lives in the dust under the protection program but many young

with a series of activities across london the official mascot a one eyed monster one log was on hand at the limping stadium to help him violent temper reached. back at the venue will host track and field events as well as getting and closing ceremonies meanwhile four time olympic cycling champion sir chris hoy became the first person to ride a bike at the brand new london bella dr who she helped design and former n.b.a. player john make change showed off his slam dunk skills in the basketball arena for the first official version jastrow was also opened in the city on tuesday a mare of london boris johnson promised the british capital won't fail to deliver on saying it's time. monday believe me it is going to be not right it's going to look this is going to be is going to be i think the greatest living games ever but it's very very important that we have lots of people who could. help provide a welcome. for me one man felipe massa is looking forward to this weekend's hungering grand prix hoping he won't get caught up in the sort of situation he did last year when he was involved in a

council of the united states and author of crossed swords pakistan its army and wars within and in london we go to anatol lieven the chair of international relations and terrorism studies at king's college london and the author of the upcoming book pakistan a hard country and another member of our cross talk team on the hunger all right across talk rules in effect gentlemen that means you can jump in anytime you want and until i want to go to you first hillary clinton was in islam about not long ago i had a gift five hundred million dollars for civilian projects build dams and schools and whatnot and the pakistanis were didn't seem all that grateful expression after almost twelve billion dollars in aid since the bush administration almost eight of billion of that was for military but they weren't grateful so i asked maybe not even a rhetorical question what is the state of u.s. pakistani relations. well this is like a very unhappy but. ultimately inevitable marriage or at least if this marriage breaks the damage to both parties will be catastrophic. the thing is that on some issues pakist

was the blower on the london billion market association testifying to gary gensler at the c.f. g c talking about leverage of one hundred to one on that market physical being collateralized or speculated upon with paper bets one hundred times greater than any possible solar in the vault and also you know going back a few years some would posit that gordon brown's sale of half of the u.k. gold supply at the absolute low price for decades had a lot to do with trying to meet short positions in this artificially goosed short precious metal market as a as again a way to support the fear of currency system which is a system that not only has brought us a bankrupt economy around the world but has also said the. financing needs for the most ugly aspects of our society and i'm talking about the war machine in the u.k. in the us the ecological devastation we're saying but then of course we're getting more into the political arena and i want to keep this more on the economics now the biggest story the gold story the past week has been the news that european commercial banks are reportedly

>> now from london, the prime minister's questions from the british house of commons. this week, prime minister david cameron took questions about riordan as diet -- reorganizing the national health service. hughes chose to be more specific about the nhl's cuts, specifically in health care. . and to be able to show a very significant reduction on what was being spent on the government which was a very little basis. >> thank you mr. speaker. i'm sure the whole house would join me in attribute of the soldiers who died in afghanistan over theast week. they are samuel robinson from the fifth register. rifles who lost their lives yesterday and their comrades who were injured. we believe this incident was caused by the actions of an ghan soldier betraying his afghan and internaonal comrades. i spoke to president karzai about this issue and te joint afghan authorities and international forces is underway that will cover every aspect of this event and the lessons learned. there should be no knee-jerk reaction or change in our stlath we must continue to work to create a stable

two place in london earlier this year is now being implemented and today here representatives from over at seventy countries are making sure that everything is going. by the plan of course other issues such as drug trafficking and proving. standards of living here in afghanistan as well as the state regulations and human rights issues close is being discussed and it looks like russia is increasing its involvement in have helping the country in all those fears for years were presented by the country's foreign minister sergei lavrov we're committed to supporting you in efforts on stabilizing afghanistan we will continue to allow transit of international cargo and personnel to afghanistan through our territory we're working on additional measures to equip afghan forces together with our partners we're also helping restore the afghan economy this year russia wrote off the remainder of ghana stands didn't it hundred ninety one million dollars we will continue to provide humanitarian assistance but also recently russia has said it's willing to sell over twenty am i seventeen helicopters to na

reuters video if you look in the background here if you don't need to listen to this guy he's a banker in london he's got this tank here from paul the octopus he does have an offer out apparently to hire all the octopus but along the same line and you mention that the u.s. destroying the global economy i posit that they're actually destroying themselves faster and this headline really captures it all ha ha ha ha ha our i am a paid its lawyers more than sixteen million dollars in two thousand and eight to recover only three hundred ninety one thousand dollars now this is actually better than the previous year two thousand and seven where twenty four point five million dollars was spent recovering just five hundred thousand and a three years our i am a which is the enforcement arm of the global record music industry they spent sixty four million dollars to recover one point three million so this seems to me like the global how the us empire operates it's a corporate welfare empire of prisons and war and it spends trillions for it like nominal gains of just like twenty billion dollars for profits f

"the times" of london say he will retire by october. he repeatedly denied in seriousness. then, he complained he wanted his life back. "the times" quotes a company insider that he is too damaged by his performance to continue. >>> three months into the spill crisis, the company has come up with a plan to stop the spill for good. emily schmidt joins us with details. >> reporter: good morning to you. bp is considering another plan to shut down its broken well. this plan involves 4,000 bathtubs worth of mud. now that the oil spill is contained, bp is considering a new way to kill the well. a government decision about the plan could come as soon as today. >> if it's approved to do so, it's 100% chance we'll go ahead with it. >> reporter: the plan is called a static kill, forcing 200,000 gallons of mud and cement through the ceiling cap. if it sounds familiar, it is. bp tried a similar top kill plan in may that failed. but this time, the cap has stopped the oil. and it continues to hole. >> there's some minor leaks around the blowout preventer and the stacking cap itself. >> re