:00:07. > :00:14.The prime minister of Iceland has resigned after allegations
:00:15. > :00:16.he concealed millions of dollars worth of investments
:00:17. > :00:25.There's been massive protests against him in Rejkjavik.
:00:26. > :00:28.We'll also look at how the law firm at the centre of the revelations,
:00:29. > :00:31.Mossack Fonseca, apparently worked with clients who were subject
:00:32. > :00:53.The Labour Party wants an investigation of all UK nationals
:00:54. > :01:02.involved in the allegations. The first US primary
:01:03. > :01:06.is taking in the allegations. place right now since Donald Trump's
:01:07. > :01:09.controversial comments on abortion. We'll hear from our
:01:10. > :01:11.correspondent in Wisconsin. Also, we'll find out
:01:12. > :01:12.about Facebook's new product which is aimed at helping the blind
:01:13. > :01:15.and visually impaired. The leak of the financial
:01:16. > :01:17.arrangements of the world's rich and powerful has
:01:18. > :01:19.claimed its first big casualty. The Prime Minister of Iceland has
:01:20. > :01:21.resigned after allegations he concealed millions of dollars
:01:22. > :01:24.worth of investments in an offshore company were first raised
:01:25. > :01:26.in the Panama Papers. It comes after huge protests outside
:01:27. > :01:28.parliament last night. The Prime Minister of Iceland
:01:29. > :01:37.is the first major casualty of the massive Panama Papers leaks
:01:38. > :01:40.which have shone such a powerful spotlight on the secret world
:01:41. > :01:45.of offshore finance. Sigmundur Gunnlaugsson was accused
:01:46. > :01:48.of concealing millions of dollars' He insists he has
:01:49. > :01:55.done nothing wrong. But huge crowds in front
:01:56. > :01:57.of the Icelandic parliament yesterday disagreed,
:01:58. > :01:59.some estimates say one tenth of the population
:02:00. > :02:04.took to the streets. This is where the global scandal
:02:05. > :02:06.originated. The Panama-based law
:02:07. > :02:11.firm, Mossack Fonseca. 11 million documents held
:02:12. > :02:13.here were passed to a German newspaper which shared them
:02:14. > :02:15.with over 100 media organisations, They show how the company helped
:02:16. > :02:21.clients launder money and evade tax. Mossack Fonseca says it
:02:22. > :02:25.has never been charged When the Prime Minister sat down
:02:26. > :02:33.for a series of interviews he was challenged about allegations
:02:34. > :02:35.that he was involved Now he has walked from high office
:02:36. > :02:45.and tonight the journalist who got the interview told the BBC
:02:46. > :02:48.he is stunned and said the crisis The population of Iceland
:02:49. > :02:55.is around 330,000. So far we have found around 800
:02:56. > :02:57.offshore companies linked I think we are setting
:02:58. > :03:15.another world record here! Tonight, Iceland's president
:03:16. > :03:17.rejected the prime minister's calls for a snap election,
:03:18. > :03:19.saying he needs to consult Mr Gunnlaugsson might be going,
:03:20. > :03:23.but the government of Iceland is in turmoil as the fallout
:03:24. > :03:44.from the Panama Papers spreads. As you saw there, thousands of
:03:45. > :03:49.people protested in Iceland. A huge number considering that there are
:03:50. > :03:55.only 330,000 people in the country. Having Hewitt is in Reykjavik.
:03:56. > :03:58.The mood here yesterday when around 20,000 people gathered around here
:03:59. > :04:04.was that the Prime Minister had to go. They simply did not believe him
:04:05. > :04:11.and they also felt he had an undeclared interest in his wife's
:04:12. > :04:16.offshore company. He said he had not broken any Icelandic laws, but
:04:17. > :04:20.certainly the mood here was that there was a failure of transparency
:04:21. > :04:24.and also a conflict of interest, and I think to understand the mood here
:04:25. > :04:34.you have to go back to 2008 when three banks collapsed and invaded
:04:35. > :04:38.the economy. Therefore the idea they have a Prime Minister who is try to
:04:39. > :04:42.sort that out, but had a connection with the offshore wells, they were
:04:43. > :04:48.not prepared to accept there. As we talk, they are banging the fence and
:04:49. > :04:54.banging drums. The big picture here is the difference between 2008 and
:04:55. > :04:59.the financial crisis and the mood amongst people not just in Iceland,
:05:00. > :05:07.but elsewhere. I think there is this feeling that very powerful people,
:05:08. > :05:10.the elite, have money in offshore havens and I think there is far less
:05:11. > :05:13.tolerance for that. Certainly the mood here is they want a clean
:05:14. > :05:24.government. Meanwhile the law firm in Panama
:05:25. > :05:26.at the heart of this leak One of the companies founders told
:05:27. > :05:30.the Financial Times, "I don't expect this to lead to one
:05:31. > :05:32.single legal case." And, "I guarantee there is more
:05:33. > :05:35.dirty money in New York and London The latest revelations show
:05:36. > :05:38.that Mossack Fonseca, the Panamanian law firm at the heart
:05:39. > :05:42.of the leak, kept clients who were The firm worked with 33 individuals
:05:43. > :06:08.or companies who, at some point, The Caribbean hideaway. This is the
:06:09. > :06:18.company that helps people. This is the cousin of the Syrian President
:06:19. > :06:23.Assad. He has helped to hide the wealth of the family inside and
:06:24. > :06:34.outside Syria. His mobile phone company became the focus jeering the
:06:35. > :06:39.start of the Syrian war. Mossack Fonseca realise they have six
:06:40. > :06:46.companies with him, but they carried on working with him. He was also a
:06:47. > :06:50.client of HSBC bank raced here in Canary Wharf. We obtained an
:06:51. > :06:55.internal document that showed the discussions that took place once it
:06:56. > :07:02.was discovered that he had been sanctioned. In 2011 ahead of
:07:03. > :07:13.compliance Mossack Fonseca sense this to her bosses.
:07:14. > :07:32.It prompted this reply from Mossad Fonseca's partner.
:07:33. > :07:40.Cry-macro as soon as you are aware that a Dillon an account holder is
:07:41. > :07:44.subject to the tensions, that cut should be frozen. From there on you
:07:45. > :07:50.will be discussing with the authorities whether you keep the
:07:51. > :08:00.accounts, close the account or not. Mustaq Fonseca resigned as his
:08:01. > :08:16.agents, but he was not one of. Their clients included companies in North
:08:17. > :08:21.Korea. There was also a company owned by the former Iranians
:08:22. > :08:26.president. Also the son of the former Egyptian president, convicted
:08:27. > :08:30.for stealing state funds, was a client for three years after he was
:08:31. > :08:35.sanctioned. HSBC said they work closely with the authorities to
:08:36. > :08:38.fight financial crime and implement sanctions. Mossack Fonseca said they
:08:39. > :08:43.have never knowingly allowed the use of their companies by individuals
:08:44. > :08:51.having any involvement with North Korea, Syria or Iran and they have
:08:52. > :08:55.the own procedures in place to identify people. But with the 11
:08:56. > :08:58.million leaked documents, there are more revelations to come and further
:08:59. > :09:01.questions about the secrecy of offshore finance.
:09:02. > :09:02.President Obama has commented on the Panama
:09:03. > :09:07.He said they show that tax avoidance is a big global problem.
:09:08. > :09:10.He leader of the opposition Labour party here in Britain,
:09:11. > :09:14.Jeremy Corbyn has also said more needs to be done to clamp down on UK
:09:15. > :09:15.overseas territories, after it was shown the British
:09:16. > :09:18.Virgin Islands was far and away the most popular tax haven.
:09:19. > :09:21.Mr Corbyn says he government should consider imposing "direct rule"
:09:22. > :09:23.on British overseas territories and dependencies if they do not
:09:24. > :09:43.The Prime Minister is calling for greater bouncing -- greater
:09:44. > :09:47.transparency. I own no shares. I have a salary as Prime Minister and
:09:48. > :09:50.I have some savings, which I get some interest from and I have a
:09:51. > :09:55.house, which we used to live in which we now let out what we are
:09:56. > :10:01.living in Downing Street and that is all I have. I have no shares, no
:10:02. > :10:06.offshore trusts, no offshore funds, nothing like that. That is a clear
:10:07. > :10:11.description. The second thing I am responsible for is our tax system
:10:12. > :10:15.and tax policy. No government, no Prime Minister has done more to make
:10:16. > :10:21.sure we crack down on tax evasion, on aggressive tax avoidance, on
:10:22. > :10:27.aggressive tax planning, both here in the UK and internationally.
:10:28. > :10:31.Jeremy Corbyn has also said more needs to be done to clamp down on UK
:10:32. > :10:33.overseas territories, after it was shown the British
:10:34. > :10:35.Virgin Islands was far and away the most popular tax haven.
:10:36. > :10:38.Mr Corbyn says he government should consider imposing "direct rule"
:10:39. > :10:40.on British overseas territories and dependencies if they do not
:10:41. > :10:57.Andrew Walker explains more. Encouraging them to be more
:10:58. > :11:02.cooperative about exchanging tax information. They ultimately have
:11:03. > :11:09.the power to take over, to use direct wall which was done for
:11:10. > :11:15.different reasons with other Caribbean territories. In the case
:11:16. > :11:19.of the British Virgin Islands, the organisation for British financial
:11:20. > :11:24.development, a forum where tax issues are co-ordinated, has
:11:25. > :11:28.recently described the British Virgin Islands as now largely
:11:29. > :11:31.compliant. Its view is that things have improved and many of these
:11:32. > :11:37.allegations we have been seeing our historic ones. What would be a
:11:38. > :11:44.legitimate reason for using an offshore accounts, doing the sort of
:11:45. > :11:50.thing? Well, the obvious legal thing, which is about personal
:11:51. > :11:54.judgment as well, they offer lower corporate tax rates. Bearing in
:11:55. > :12:00.mind, that kind of shopping around forward to have your legal
:12:01. > :12:08.corporation of a business is widely done in Europe, and in the US. In
:12:09. > :12:14.Delaware and Nevada there are zero taxes collected at state level on
:12:15. > :12:20.companies. Of course they are attractive places to have your
:12:21. > :12:25.headquarters. They are the legal reasons, although people may take
:12:26. > :12:31.the view it is unethical. So why isn't everyone doing it? What is to
:12:32. > :12:37.stop ordinary people doing it? I can't incorporate myself in the
:12:38. > :12:42.British Virgin Islands. I've have a salary -- I have a salary here and
:12:43. > :12:48.pay my taxes here. It is not practically available to
:12:49. > :13:11.individuals. Coming up on the programme?
:13:12. > :13:29.Programme, talking pictures to help the visually impaired.
:13:30. > :13:43.The business secretary is travelling to India to try to secure a buyer
:13:44. > :13:46.for this still industry. It is important to have these meetings and
:13:47. > :13:51.discuss what else we can do to take things forward. This meeting I will
:13:52. > :14:00.be having tomorrow will be with the chairman of the whole Tata group. I
:14:01. > :14:08.want to get a final agreement on the cells process. It comes that to our
:14:09. > :14:13.role. I want to make sure that when the documentation is issued, the UK
:14:14. > :14:16.government understand it has a role and we are well called a native with
:14:17. > :14:26.Tata. This is Outside Source live
:14:27. > :14:28.from the BBC newsroom The Icelandic prime minister has
:14:29. > :14:32.resigned after allegations that he concealed millions
:14:33. > :14:34.of dollars' worth of investments There had been big protests
:14:35. > :14:38.in Rejkjavik calling for him to step down since the documents
:14:39. > :14:40.were revealed as part Let's have a look at what's
:14:41. > :14:45.being covered elsewhere on the BBC. Judges at the International Criminal
:14:46. > :14:47.Court have thrown out the case of the Kenyan deputy president
:14:48. > :14:50.William Ruto and the Both men deny charges of crimes
:14:51. > :14:53.against humanity in connection with the deaths of 1,200 people
:14:54. > :14:55.in violence following BBC Swahili are covering that story,
:14:56. > :15:01.and Focus on Africa will have much Azerbaijan has agreed a ceasefire
:15:02. > :15:06.with the ethnically-Armenian authorities who control
:15:07. > :15:07.the separatist region of Nagorno-Karabakh,
:15:08. > :15:09.after four days of fierce fighting. Azerbaijan and Armenia fought
:15:10. > :15:11.a six-year war over the territory in which thousands were killed
:15:12. > :15:14.and displaced on both sides. A US Marine Corps dog called Lucca,
:15:15. > :15:24.who lost her leg on duty, has been awarded a veterans charity
:15:25. > :15:27.medal honouring the work That's one of the most watched
:15:28. > :15:37.videos on the BBC News App. is one of the most watched videos on
:15:38. > :16:05.the BBC News app. A new study suggests that a daily
:16:06. > :16:13.dose of vitamin team can help with your heart. Certainly, it has made a
:16:14. > :16:19.major step forward in terms of new treatment of people with heart
:16:20. > :16:23.failure. 1 million people in the UK suffer from this disorder, so it is
:16:24. > :16:26.important. We did realise six or seven years ago that lots of
:16:27. > :16:33.patients with heart failure had low vitamin D. There is some scientific
:16:34. > :16:38.evidence to suggest it could improve cardiac function. We carried out a
:16:39. > :16:43.long-term study, including people with weak hearts, and gave them fit
:16:44. > :16:48.in the supplementation and another group see both. We found the cardiac
:16:49. > :16:53.function improved substantially in patients who were given vitamin D2
:16:54. > :17:06.applet. The results of that study have led to a new series of
:17:07. > :17:11.questions. People are asking whether they can overdose on vitamin deep?
:17:12. > :17:15.You should not just go out and start taking vitamin Deezer pler and is
:17:16. > :17:24.anyway. If you have too much vitamin deep, you can get into trouble with
:17:25. > :17:46.your kidneys. It needs to be done under medical supervision. Defence
:17:47. > :17:49.spending has increased. Jeremy Howell reports.
:17:50. > :18:04.Some countries have tried to pare back their defence spending, but due
:18:05. > :18:14.to conflict across the world, arms... Saudi Arabia's defence
:18:15. > :18:21.spending increase by 5.7% to $80 billion. This included was in Yemen,
:18:22. > :18:28.Syria and Iran. But the far east is seeing the biggest increase. China
:18:29. > :18:43.has hiked its defence spending by 7.4% to $215 billion. If you are
:18:44. > :18:49.South Korea, Vietnam's, Japan, you name it, the threat is now. It is
:18:50. > :18:52.not going away. It declares it is going to get stronger and stronger
:18:53. > :18:58.and you suddenly say, we have two spend money. This increasing global
:18:59. > :19:03.military spending is a boon to the arms industry. BAE Systems, the
:19:04. > :19:09.world's largest defence contractors has seen its stock price almost
:19:10. > :19:13.trebled since 2011. It is a positive development for defence firms, but
:19:14. > :19:23.at the same time, those dollars are coming from Asia-Pacific. There is
:19:24. > :19:33.an increasingly competitive environment. They're not having to
:19:34. > :19:43.just compete with each other, but Asian countries like South Korea.
:19:44. > :19:54.Tip has agreed a deal to broadcast Thursday night American football
:19:55. > :19:59.games on Thursdays for free. Let's talk to our correspondence. Sport
:20:00. > :20:05.via Twitter, tell us more. Sport has always been on Twitter.
:20:06. > :20:12.People are analysing what is going on, following the action through
:20:13. > :20:18.tweets and hashtags. The anything missing has been the action itself.
:20:19. > :20:29.This will place the live footage on Twitter. It is a missing piece of
:20:30. > :20:37.the puzzle for Twitter. It is only... Our technology reporter.
:20:38. > :20:42.Unfortunately... Sorry, we lost you then. If you could go back ten
:20:43. > :20:46.seconds or so. I was saying that Twitter went make a huge amount of
:20:47. > :20:50.money through this because the Avenue revenues will be going to
:20:51. > :20:53.them, they will be going to the broadcaster showing the NFL, but it
:20:54. > :20:59.is an interesting move for them and they hope it will drink more users
:21:00. > :21:05.to the service. Is the thinking that this could turn things around for
:21:06. > :21:13.Twitter? Yes. Within the last quarter they reported a loss with
:21:14. > :21:15.fewer people using the service. For a major social network, it is
:21:16. > :21:20.unheard-of. They are looking at methods to attract more people.
:21:21. > :21:28.Sports rights is a quick way to do it. If the reports are correct, they
:21:29. > :21:30.have got the right to less than $10 million which is an incredibly good
:21:31. > :21:36.deal for Twitter. Thank you. Facebook is launching
:21:37. > :21:39.a new feature today to help blind It's called Automatic
:21:40. > :21:41.Alternative Text. Basically it uses a complex
:21:42. > :21:43.algorithm to tell users Facebook says more than 2 billion
:21:44. > :21:47.photos are uploaded SWIPE The new technology can
:21:48. > :21:50.recognise various objects like boats or airplanes,
:21:51. > :21:59.SWIPE activities like like boats or airplanes, activities
:22:00. > :22:01.like tennis or swimming, SWIPE
:22:02. > :22:03.and of course a 'selfie'. Lee Kumutat from BBC
:22:04. > :23:11.Ouch is with me. What we have had from Facebook is a
:23:12. > :23:20.status update and it may say photo. If you have lots of friends who post
:23:21. > :23:24.a lot of photos, you will hear the state is being updated. It feels as
:23:25. > :23:29.if you are not engaging. And what have Facebook said the
:23:30. > :23:34.reasons for developing this technology? For those reasons. They
:23:35. > :23:39.have done some research and discovered that because social media
:23:40. > :23:43.is becoming more visual, visually impaired people are feeling excluded
:23:44. > :23:49.from social media and they felt they should do something about it. There
:23:50. > :23:54.are lots of people who are at the vanguard of developing axis ability
:23:55. > :24:00.for visually impaired people. You have given it a go. Is it good? Does
:24:01. > :24:06.it give you enough detail? I have two say when I had my first photo
:24:07. > :24:13.described, I got a little thrill. It is nice to know there were two
:24:14. > :24:17.people smiling, so that did leave me feeling a bit more engaged. In the
:24:18. > :24:25.demo it said something like, we made it. That photo will have people,
:24:26. > :24:30.they were outdoors, they were wearing sunglasses. There is some
:24:31. > :24:36.way to go, but it is a real step forward. Twitter launched a similar
:24:37. > :24:41.thing a couple of weeks ago where people can manually, if you have put
:24:42. > :24:46.a photo art, people can manually puts alternative text so blind
:24:47. > :25:01.people will know what their photos are as well.
:25:02. > :25:16.Now, a mother whose son died in a car accident and donated the heart
:25:17. > :25:21.to about the person has met the person who received the heart. She
:25:22. > :25:33.was able to hear her son's heartbeat in the chest of another person. How
:25:34. > :25:37.does it sound? Really good. It definitely sounds as if it belongs
:25:38. > :25:42.there. What an incredible experience. A reminder of other top
:25:43. > :25:43.stories. The prime minister of
:25:44. > :25:45.Iceland has resigned - the first major casualty
:25:46. > :25:47.of the leaked Panama Papers. The leaks, from the Panamanian law
:25:48. > :25:49.firm Mossack Fonseca, showed he owned an offshore company
:25:50. > :26:01.with his wife but had not declared We will be back shortly, but first,
:26:02. > :26:05.the weather.