08/08/2012 BBC News at Ten

Tonight, the long road to recovery with no sign of economic growth for

the rest of this year. Amid the economy is flat lining and more

help might be needed. Unlike the Olympians who have thrilled us over

the past fortnight, our economy has not yet reached for fitness.

government now has an opportunity to give its 110 % attention and

effort and energy to getting the economy moving. We will be asking

if there is any sign of a change of course, given the bleak outlook.

Also, Britain's Nicola Adams beat India's world champion for a place

in the Olympic final. A I'm in the finals now. All I want to do is

make my mum proud, the fans and my friends and family proud. I think

I've done that today by getting in the final. On course for a second

gold. Jamaica's Usain Bolt reaches the final of the 200m. Egyptian

forces launched an offensive in Sinai, targeting suspected Islamic

militants. Tia Sharp, missing for five days in south London, now 80

officers are on the case. And we talked a gold-medallist Jessica

Ennis about her plans for the future. On BBC London. The moment

rioters ransacked a restaurant in- front of terrified diners - 15

people are jailed. And hoping to repeat our medal success in Rio.

The rising stars with their sights Good evening. As Team GB celebrates

its success at these Games, the news outside the park is dominated

by the state of the economy. There is much less to celebrate their,

given the latest word from the Bank of England. The growth forecast has

been cut to around zero this year, and the Governor of the Bank, Sir

Mervyn King, warned recovery would be a long, slow process. 2012 will

go down as the year Team GB triumphantly over delivered. Pity

our economy has done exactly the opposite. Unlike the Olympians, who

have for orders over the past fortnight, our economy has not yet

reached full fitness. But it is slowly healing. Slow is one way of

putting it. Not so long ago the Bank of England thought Britain

would produce more staff this year than we did in 2011. It now thinks

we might not grow at all. That would come as no surprise to those

manufacturing firm in Cardiff. we've seen in the last six months

is a levelling out of demand for a number of reasons. Energy costs are

increasing, commodity prices are increasing, austerity means there's

less money in circulation in people's pockets. Inevitably

there's going to be a slowing down of demand. The forecast for next

year is also being cut. The Governor is hoping new schemes,

like the funding for lending programme for banks, will help

growth. But he's not making any promises. The scheme is there. We

think it will certainly reduce funding costs, we are confident it

will do that and we will give some estimate of that in the report. But

how that reduction of funding costs will feed through to additional

lending and their more -- and then more spending is much harder to

judge. In fact, there's a lot is not too sure about. I don't think

we are in any position to forecast what will happen in the euro area.

And therefore we are in no position to make any accurate forecast of

what will happen in the UK. These new forecasts show inflation at or

below the 2% target for most of the next two or three years. So we

might see the bank injecting more cash into the economy in the next

few months. We could even see a final cut in interest rates. But

with the recovery still so weak, many people were asking today - was

it time to do something new? At the Old Bank of England pub, one former

member of the Bank's policy committee said it might be. They

have certainly done a lot on the monetary easing side, and they will

probably do more. But my sense is they haven't got a game changes in

the locker. So that is why I think the discussion will switch to the

Chancellor over the next few months. Surprise the Chancellor's

opposition says the same thing. economic situation is getting worse

and not better. This government constantly say they're going to put

in place a jobs and growth plan, and yet we haven't seen that.

from George Osborne himself, the usual brave face. We are dealing

with some very deep-rooted problems at home and some storms from abroad.

But the deficit is down, inflation is coming down, growth is

disappointing and now we've got to have the undivided attention of the

government to do everything possible to get the economy moving.

Or maybe undivided after the Olympics. The Prime Minister was at

the boxing today - a lot more fun than the Bank of England! He would

have thought 22 gold medals would be easier to pull off in 2012 than

a single bit of economic growth? How do you assess, in light of what

has been said today, the strength of the arguments that have been put

in favour of a change of strategy? There has been a change of mood in

the last few weeks. It's amazing to think that tomorrow will be the

fifth anniversary of the beginnings of the credit crunch, when banks

started to worry about lending, when the financial system around

the world started to seize up. After that we had Northern Rock,

Lehman Brothers, a recession. If we hadn't had that, we might have

expected our economy to be 15 % larger now than it was five years

ago bought stop instead, it's like the smaller. The Bank of England

told yesterday that we might not go back to where we were before the

onset of the crisis for another two years, some time in 2014. The Bank

of England says it does have something to do in response to this,

especially if things get worse in the eurozone, may be a bit more

money pumped into the economy or maybe another interest-rate cut,

but there have been voices in the last few weeks from the

International Monetary Fund and others in the City, putting focus

on the Chancellor, what he might have to do, but targets he might

have to give up on in the next few months if we are finally going to

get past this financial crisis that has proved so much harder to shake

off than anyone thought at the time. At the Olympic Games, the British

boxer Nicola Adams has been guaranteed at least a silver medal

after winning her semi-final bout at London 2012. She defeated the

five-times world champion, Mary Kom, of India, to win a place in the

final of the flyweight division, but hopes of becoming the first

woman to win a boxing gold medal. A pioneer with a punch. Nicola Adams,

aiming to become the first British woman to reach an Olympic boxing

final. Just one problem, Mary Kom, a five-times world champion. But

roared on by her fans, it was Adams that was soon making an impact.

Four years ago, women boxers weren't even allowed to compete at

the Games up. Come tomorrow, Britain could have a gold-medallist.

Inspired by Muhammad Ali, Adams began boxing when she was 12. For

her and her family, and the Olympic dream is finally reality. I'm so

happy to be here. Participating. I'm in the finals now. All I want

to do is make my mum proud, the fans, my friends and family proud.

I think I've done that today. followed her dream and now her

dream has turned into reality. If you've got a dream, it can be

turned into a reality. Look at Nicola. What a moment or Nicola

Adams and what a moment for women's boxing. Until 1996 it was banned in

Britain. Now it is being embraced of the biggest stage of all. Just

look at this. Katie Taylor, a household name in Ireland, and most

of the country seemed to be ringside. Widely regarded as the

best in the business, she dazzled her way into her final. And she

says the Olympics could be the springboard for his sport. This is

only the start for women's boxing. It will definitely progress from

hereon in. I think everyone has been shocked at the standard of

women's boxing here this week. I always knew we were going to shock

the world. Britain has seen plenty of boxing superstars, but none of

them women. For Nicola Adams, a truly ground-breaking gold is now

within her reach. In the Stadium tonight, the world's fastest man,

Usain Bolt, proved he is on course for his second goal by cruising

through his semi-final in the men's 200m. Another runner hoping for a

second goal after his heat in the 5000 because his Britain's Mo Farah.

-- in the 5,000m. The wearing of sunglasses by an athlete who has

already won an Olympic gold is often a sign of some late night

celebrations. Not for Mo Farah, back on the track and ready for

business just four days after his victory in the 10,000m. 12 1/2 laps

of the track. This time it was 5,000m, the qualifying round for

Saturday's final. Such is his talent, that realistically he just

needed to stay out of trouble and keep on his feet. He did just that,

finishing in third place, although, not surprisingly, he was a little

weary. It was difficult, I was a bit tired. That took a bit more out

of me than I thought, that I realised. It was all great, I got

good support from the crowd and I'm happy where I am now, I've got a

couple of days to recover and come back to the final. No man has ever

successfully defended and the Olympics 200m title, but then

there's never been an athlete quite like Usain Bolt. He's already held

on to his 100m crown. He qualified for tomorrow's final with ease and

then had a message for those who doubted his chances of winning

again. That's how people are, they always doubt a champion, but I know

what I can do. The American Merritt is the new hurdles champion. There

was an impressive performance in that race from Britain's Lawrence

Clarke. The 22-year-old finished fourth. The most likely British

medallist tonight was Shara Proctor. She qualified in first place for

the long jump final. She couldn't ask for any more support but the

crowd are doing everything they can to help. If she's going to get a

medal, she's going to have to jump close to her personal best. She

didn't, she finished in 9th place. They say that a bad workman always

blames his tools. Cuban pole vaulter Lazaro Borges had every

reason to blame his today. Sarah Attar won't be leaving these Games

with a medal, but she does have a place in history. She became the

first woman from Saudi Arabia to compete in an Olympic athletics

event. The presence was more important than her time, which was

nearly 45 seconds slower than the win of her 800m heat. It's been a

bit of a disappointing night but Team GB's women's hockey team. They

had a gold medal in their sights in had a gold medal in their sights in

their first Olympic semi-final since 1996, but they did face a

tough task against Argentina, who are ranked number two in the world.

Argentina scored their first goal six minutes into the game and then

a second goal in the first -- second half. Team GB fought to the

end but unfortunately they failed to equalise. Let's have a look at

the medals table on day 12 of the The Egyptian President, Mohamed

Morsi, has forced his intelligence chief and the governor of North

Sinai province to step down, as Egypt tries to restore order on the

border with Israel and Gaza. Earlier, the military had launched

an offensive in Sinai, including air strikes targeting suspected

Islamic militants who were blamed for number of terrorist attacks

including the killing of 16 soldiers at the weekend. Jeremy

Egypt's second Field army moved. In the President had said he would

reimpose full control in Sinai. It has been increasingly lawless since

the Egyptian revolution last year. The army claimed it had killed 20,

all of them it called "terrorists." Sinai's demilitarised under the

terms of the Israel-Egypt peace treaty. Israel had to agree to the

Egyptian deployment of the army and Air Force in the area. The

operation followed an attack on Sunday by gunmen who killed 16

Egyptian border guards then broke through the border wire into Israel

using a hijacked armoured vehicle that was destroyed by an Israeli

jet. Sinai is strategically important, especially where the

borders between Egypt-Israel and Gaza meet. The area's lawlessness

worries all sides. Israel wants actions against jihadists who says

are operating close to its territory. Tunnels over the border

into Gaza supply huge Palestinian black market. Tunnel operators have

a stake in Sinai staying lawless. The increasing violence in Sinai

could threaten the peace treaty between Israel and Egypt. That's

why Israel has told Egypt to put its house in order, rather than

taking action itself. Last Sunday's attack seems to have

been carried out by jihadists who had no compunction about killing

Egyptians who stood between them and Israel. Sinai's lawlessness has

made it into a refuge and recruiting ground for extremists.

The jihadists are a direct challenge to Egypt's President,

Mohamed Morsi on the right, and the head of the army. They face public

criticism when they houredly visited Sinai, an area which has

always been neglected by the central Government. The anger also

surfaced at the funerals of the soldiers killed in Sunday's attack.

What is happened in Sinai is another part of Egypt's many

layered crisis. The new President is also struggling with the economy,

with sectarian tension and faces a power struggle with the army about

who runs the country. Alleviating Sinai's poverty could

be the long-term solution. More urgently it won't be easy for a

government with so many other preoccupations to control the

growing insurgency. Coming up on the programme:

Britain's champion heptathlete Jessica Ennis talks about plans for

life after the Olympics. The biggest-ever investigation into

levels of air pollution in Britain is under way in London, as dozens

of scientists measure air quality both at ground level and in the

skies above the city. London is frequently in breach of

international standards, most recently just before the Olympic

Games started. Our science editor David Shukman has been given

exclusive access to the scientists' work.

A dense, grey cloud of pollution hangs over London, including the

Olympic Park. This was filmed just before the Games started.

London frequently breaches international standards for air

quality and traffic is the obvious cause. To understand how this works

scientists have launched a massive project to study the air. It should

be ready to go. This laser is one of dozens of instruments detecting

nearly 1,000 different chemicals in the atmosphere and the pollution is

always more damaging on a sunny day This is like turning up the gas on

a chemical suit. If you increase the sunlight you can increase the

production of chemsicals like ozone and for somebody walking narned a

hot, polluted environment, it is stressful to the body. With this

array of scientific instruments this is the most comprehensive

investigation ever mounted into pollution in Britain. Let me show

you one of the things they have been finding out. They have been

using these white filter papers to see what is in the air. Here is one

of them after just 24 hours, caked in grey dust of the kind we all

breathe in every day and which can prove very damaging.

To track the plume of pollution drifting from London a research

plane flies right through it. Instruments measure the chemicals

floating along with the clouds. They're measuring a whole range of

different pollutants on board this plane, drifting around in the

atmosphere. What they call the London plume. You can actually see

it from space. It's marked in yellow on this satellite picture.

Right now it's just drifting away from the Olympic Park.

The plane dropped to just 50 feet above the English Channel, below

the White Cliffs of Dover. It's measuring the air flowing out of

London. It looks like it has gone frup 95 to 120. -- gone up from 95.

What is revealed is that London causes pollution but also receives

it. If the air at the Olympic Park is polluted, who is to blame?

Sometimes the pollution is generated in London itself and

London would be to blame but sometimes, especially when the wind

blows from the east, it carries European pollution which has been

generated in the cities and industries of Western Europe and

that can interact with the London pollution, to mean both are to

blame. So far pollution has been low during the Olympics, but the

threat is real, and sadly, sunshine increases the risk.

The Chief Executive of Standard Chartered says he fundamentally

rejects accusation that the British bank breached economic sanctions

against Iran. The bank is accused by US regulators of hiding details

of many thousands of transactions for Iranian organisations, worth up

to �160 billion. Peter Sands said there was no attempt to circumvent

sanctions. Our correspondent John Moylan joins me from Standard

Chartered's headquarters in the City. What else did he have to say,

John? Well he was speaking to reporters on a conference call from

his headquarters here in the city. I was one of the reporters.

Effectively he set out his defence against these serious charges that

have been brought against the bank. He says the bank has reviewed about

150 million transactions and actually just found around 300

which may have broke US regulations, amounting to �9 million, not the

�160 billion that the US regulator has suggested. Now for the first

time the bank apologised today. Mr sands said, "This was clearly wrong,

we are sorry that this happened", but he insists the bank did not set

out deliberately to break US regulations. Interestingly, shares

in the bank rose today. They have fallen in recent days but still

billions had been wiped off the value of the bank and Mr Sands

accepted today all of this had been very damage together bank's

reputation. Next week the bank has been called to give an account of

itself in front of the regulator in New York which has brought these

allegations and in a sign of how serious this has become, tonight

there is a report from New York that the bank, Standard Chartered,

may have to pay �450 million to settle this case.

Thank you very much. Rupert Murdoch's News Corporation had

posted a quarterly loss of almost �1 billion. The media conglomerate,

which includes Fox Broadcasting in the United States, and The Sun

newspaper in the UK, said the results was down to the multi-

billion pound cost of separating its publishing and entertainment

arms. Detectives investigating the disappearance of the schoolgirl Tia

Sharp in south London say that more than 80 officers are now involved

in the search. The 12-year-old disappeared on Friday after leaving

her grandmother's house in New Addington to go shopping. A man

living with the grandmother was questioned by police this evening

but was not arrested. This is 12-year-old Tia Sharp. Not

seen for six days now. Throughout that time her family and

friends have beaten a path to the home of her grandmother Christine.

This was the last place that Tia was seen with any certainty. Police

retrieved from a CCTV camera this image, recorded on Thursday. Tia

spent that night at the house her grandmother shared with a boyfriend.

There was an unconfirm sighting of her at a bus stop the next day.

Since Tia Sharp disappeared from her grandmother's home here, police

have gathered today 800 hours of CCTV footage. There's so much of it

they have only managed to view one- quarter of it so far. Today the

police arrived at the house with a sniffer dog. They have searched

woods nearby and more officers have been drafted in to help. Let me

give awe sense of the scale of the inquiry at present. I have had

Olympic resources re-directed to help in the search for teia. Over

the last three days or so that has meant more than 100 extra uniformed

officers in the Croydon and Mitcham areas.

This evening the boyfriend of Tia's grandmother was taken to a police

station to review a witness statement. Stuart Hazell was not

arrested and returned home later. On the streets of New adding ton

friends and volunteers have doing everything they can to help with

the search. They live in the community and the community here is

one. We all like to pull together in times of need. Tia's picture is

everywhere but she herself is nowhere to be found. Despite the

best efforts, of her family and community.

A South African man has been sentenced to 25 years in prison for

murdering the Swedish woman Anni Dewani during her honeymoon in Cape

Town two years ago. Mziwamadoda Qwabe claims that he

and Mrs Dewani's British husband, Shrien Dewani, were responsible for

shooting her. Mr Dewani denies plotting to kill his wife but a

British court has halted his extradition on mental health

grounds. The actor Bob Hoskins has announced he's to retire after a

career spanning four decades. The 69-year-old has starred in several

box office hits, including The Long Good Friday, Mona Lisa and Who

Framed Roger Rabbit. He was diagnosed with Parkinson's disease

last year. One of the biggest British stars of the Olympic Games

is Jessica Ennis. She's the face of Team GB and

millions watched her winning gold in the Heptathlon at the weekend.

The big question is what is next. She has been talking to Sophie

Raworth. Big congratulations on your gold. Are you used to being

Olympic champion? Not really it. Hasn't sunk in. It feels surreal. I

can't believe I have managed to achieve one of my greatest dreams.

Hopefully in the next few weeks it'll sink in more. You were the

poster girl of the 2012 Olympics. The pressure on your shoulders was

huge. The look of relief when you crossed the line in the final event,

the 800m. Yes, definitely there was a lot of pressure and people expect

immediate to come away with the gold medal in matter what. I had

people supporting me who could take as much stress off my shoulders as

possible, so I could focus in training and be in the best shape

coming into the Games. But it was brilliant support more than

anything. How much did the noise of the crowd lift you in the final

moments? They made such a difference. I couldn't imagine what

it would be like until I stepped into the stadium before the hurdles.

Throughout the two days it didn't lesson, it got more and more.

Particularly on the 800, in the last bend coming up to the home

straight, it was such an incredible sound and feeling. What happens

now? Do you start thinking soon about defending your title in Rio

or is it a long holiday and just enjoying your huge success? Yeah, I

think at the moment I just want to really enjoy it. I think the past

few months, you know I have worked really hard, and the past few years.

It's such a great moment when you achieve one of your main goals.Ry I

really want to enjoy it for as long as I can and then refocus and look

to the next event. You have already been credited with inspiring a

whole new generation of young girls. The Prime Minister is talking about

how we need a big cultural change in the way we approach sport in

schools, make children be more competitive. Do you think that is

right? You don't want it to be too competitive at the start because it

is about enjoyment and love for the event. That's how I started, I

enjoyed it. As you get older I think you can be taught to be more

competitive and it is about picking up medals and doing the best you

can but you still don't have to lose the enjoyment level. That's

what is important. That moment, when you were on the podium being

given your gold medal, what was going through your head? A mixture

of emotions. I saw my sister when I came out and that was lovely and

then I saw my mum and dad and Andy my fiance. I was really overwhelmed

with the crowd firstly and just thinking about how hard you know I

have worked and how hard me and my coach have worked to get to this

moment and kopbtd believe I was at the top of the podium in London --