27/12/2016 World Business Report

Now for the latest financial news with Sally

How 5 billion euro became 8.8 billion over a weekend -

that's what the European Central Bank says

struggling Monte dei Paschi now needs.

And toxic news - shares in Toshiba plunge in Tokyo on reports it may

face a 4.3 billion dollar loss on its nuclear operations

Also in the programme putting 3D printing to good use -

we hear how this new tech can is helping those

who desperately need prosthetic limbs.

The European Central Bank has told the failing Italian lender Monte dei

Paschi di Siena that it needs 8 point 8 billion euro -

That is quite a bit more than a previous estimate

On Friday the Italian government approved a decree to bail out

Monte dei Paschi - the worlds oldest bank

after it failed to win investor backing for the desperately

The bank, which has been crippled by years of losses and loans that

The fear is that it's collapse could have triggered further

failures among banks in Italy, and potentially start a new European

With me is Dr Andreas Hoepner, Associate Professor of Finance,

at the ICMA Centre of Henley Business School.

Good to see you. We have taught about this already. But these latest

details coming from the European Central Bank but other high-profile

agencies in Germany? It is becoming more complicated, it is becoming

more of an European issue because it is the first time the new

regulations will be tested and it will be interesting for banks all

over Europe and some banks may decide to use that little bit in

their risk-taking and say the President of the German bank voiced

concerns. There are arguments of the European rules are meant to take

institutional investors into consideration to share the losses. A

lot of retail investors in Italy have invested. To put this into

perspective, that we are saying is that in order for this bank to be

bailed out and rescue, the bond holders would have to take a major

haircut and a lot are private individuals. Many have held a share

of this bank for many, many years, assuming they would get that money

back and some interest. Exactly. Private individuals may lose some of

their savings. They are trying to keep the senior bondholders from

losing anything. And also those from having a bit more risk should get

involved and get a haircut. However to retail investors it is

subordinate. In Italy they only have a Prime Minister who has been there

since the 12th of December, it could lead to new elections, a very

difficult political situation in Italy and this is a large number of

people that could be impacted by this decision? Political

implications in Italy but also around Europe potentially so my

expectation would be that the story will continue beyond the French

elections. Thank you for coming in and I am sure we will talk to you

about it again. We will keep a close eye on this on the BBC World News.

Japanese conglomerate Toshiba Corp says it's considering booking

a one-off loss of about 100 billion yen - that's $850 million -

on a US Nuclear power acquisition made by its Westinghouse

Leisha Chi is in our Asia Business Hub in Singapore.

Nice to see you. More problem sport Toshiba? The troubles do not seem to

end for Toshiba. We saw them have their shares plunged by as much as

16% in Tokyo today on these concerns are that it will rack massive loss

in the nuclear business. This is the biggest decline for their shares

since May 2015 and according to reports it may lose as much as 4.3

billion US dollars. I would be the lower scale of that loss. Toshiba

said in a statement that do not know the source of this report and they

are assessing the current value of its assets but investors are

concerned because Toshiba has a week finances and any further loss would

really damaged their books because I had the massive accounting scandal

that led to record loss and three of their company had to step down. They

received a fine from regulators that last year was not shareholders are

really unhappy with Toshiba at the moment. This is another problem for

the company to face so it will not be a happy holiday in the Toshiba

boardroom. Thank you for updating us on that.

It's estimated that 4 out of every 10,000 babies is born missing either

a hand or the lower part of their arm.

Prosthetics can be extremely expensive and children soon outgrow

them - which prompted two British dads to use their spare time

and cash to see what they could do to help.

This nine-year rod was born without a hand. The video of her receiving

her first 3-D printing prosthetics went viral after it was picked up by

Google as a highlight of the year. Her mother said it has given her a

huge boost. When she took it into school, just the reaction from her

friends, how cool. You have to bend your elbow and then it will tighten

the strings and it will bring... It will make the fingers make a feast

so you can hold things. -- fist. You will not believe the size of this

operation. This is where we built, designed, print 3-D arms for

children. Stephen and drew met because Stephen was searching for an

affordable for himself. They now work together in their spare time

and relying on funding donations. Show us your hand. This is the hand

that drew originally built me. It got me so enthused that I knew

straightaway I wanted to get involved and do the same thing. It

has been a passion, really, the children, where they have either no

option or a poor option, I think that is where I needed to make a

change. The 3-D printer I'm cost less than ?30 each to produce but it

does not work for all prosthetics. The reason it is not normally used

is because the materials and used cannot take the stresses and strains

associated with the weight of the body, running, twisting, walking et

cetera. Isabella can now walk the family dog.

Amazing. That is all from me for now I will see you soon. Bye-bye.

The Children's Commissioner for England says the vast majority

of young carers receive no support from local

Anne Longfield says four out of five are "going under the radar".

The Local Government Association said funding cuts meant councils

were being forced to make difficult decisions.