:00:00. > :00:00.Now for the latest financial news with Sally
:00:00. > :00:21.How 5 billion euro became 8.8 billion over a weekend -
:00:22. > :00:24.that's what the European Central Bank says
:00:25. > :00:27.struggling Monte dei Paschi now needs.
:00:28. > :00:35.And toxic news - shares in Toshiba plunge in Tokyo on reports it may
:00:36. > :00:37.face a 4.3 billion dollar loss on its nuclear operations
:00:38. > :00:51.Also in the programme putting 3D printing to good use -
:00:52. > :00:53.we hear how this new tech can is helping those
:00:54. > :00:55.who desperately need prosthetic limbs.
:00:56. > :01:03.The European Central Bank has told the failing Italian lender Monte dei
:01:04. > :01:07.Paschi di Siena that it needs 8 point 8 billion euro -
:01:08. > :01:14.That is quite a bit more than a previous estimate
:01:15. > :01:22.On Friday the Italian government approved a decree to bail out
:01:23. > :01:24.Monte dei Paschi - the worlds oldest bank
:01:25. > :01:28.after it failed to win investor backing for the desperately
:01:29. > :01:33.The bank, which has been crippled by years of losses and loans that
:01:34. > :01:37.The fear is that it's collapse could have triggered further
:01:38. > :01:40.failures among banks in Italy, and potentially start a new European
:01:41. > :01:49.With me is Dr Andreas Hoepner, Associate Professor of Finance,
:01:50. > :01:56.at the ICMA Centre of Henley Business School.
:01:57. > :02:05.Good to see you. We have taught about this already. But these latest
:02:06. > :02:14.details coming from the European Central Bank but other high-profile
:02:15. > :02:20.agencies in Germany? It is becoming more complicated, it is becoming
:02:21. > :02:24.more of an European issue because it is the first time the new
:02:25. > :02:30.regulations will be tested and it will be interesting for banks all
:02:31. > :02:35.over Europe and some banks may decide to use that little bit in
:02:36. > :02:45.their risk-taking and say the President of the German bank voiced
:02:46. > :02:50.concerns. There are arguments of the European rules are meant to take
:02:51. > :02:57.institutional investors into consideration to share the losses. A
:02:58. > :03:03.lot of retail investors in Italy have invested. To put this into
:03:04. > :03:07.perspective, that we are saying is that in order for this bank to be
:03:08. > :03:11.bailed out and rescue, the bond holders would have to take a major
:03:12. > :03:18.haircut and a lot are private individuals. Many have held a share
:03:19. > :03:24.of this bank for many, many years, assuming they would get that money
:03:25. > :03:30.back and some interest. Exactly. Private individuals may lose some of
:03:31. > :03:36.their savings. They are trying to keep the senior bondholders from
:03:37. > :03:44.losing anything. And also those from having a bit more risk should get
:03:45. > :03:49.involved and get a haircut. However to retail investors it is
:03:50. > :03:54.subordinate. In Italy they only have a Prime Minister who has been there
:03:55. > :03:58.since the 12th of December, it could lead to new elections, a very
:03:59. > :04:03.difficult political situation in Italy and this is a large number of
:04:04. > :04:09.people that could be impacted by this decision? Political
:04:10. > :04:14.implications in Italy but also around Europe potentially so my
:04:15. > :04:19.expectation would be that the story will continue beyond the French
:04:20. > :04:23.elections. Thank you for coming in and I am sure we will talk to you
:04:24. > :04:26.about it again. We will keep a close eye on this on the BBC World News.
:04:27. > :04:31.Japanese conglomerate Toshiba Corp says it's considering booking
:04:32. > :04:34.a one-off loss of about 100 billion yen - that's $850 million -
:04:35. > :04:39.on a US Nuclear power acquisition made by its Westinghouse
:04:40. > :04:48.Leisha Chi is in our Asia Business Hub in Singapore.
:04:49. > :05:01.Nice to see you. More problem sport Toshiba? The troubles do not seem to
:05:02. > :05:05.end for Toshiba. We saw them have their shares plunged by as much as
:05:06. > :05:14.16% in Tokyo today on these concerns are that it will rack massive loss
:05:15. > :05:20.in the nuclear business. This is the biggest decline for their shares
:05:21. > :05:29.since May 2015 and according to reports it may lose as much as 4.3
:05:30. > :05:35.billion US dollars. I would be the lower scale of that loss. Toshiba
:05:36. > :05:38.said in a statement that do not know the source of this report and they
:05:39. > :05:42.are assessing the current value of its assets but investors are
:05:43. > :05:47.concerned because Toshiba has a week finances and any further loss would
:05:48. > :05:54.really damaged their books because I had the massive accounting scandal
:05:55. > :06:00.that led to record loss and three of their company had to step down. They
:06:01. > :06:05.received a fine from regulators that last year was not shareholders are
:06:06. > :06:11.really unhappy with Toshiba at the moment. This is another problem for
:06:12. > :06:16.the company to face so it will not be a happy holiday in the Toshiba
:06:17. > :06:17.boardroom. Thank you for updating us on that.
:06:18. > :06:21.It's estimated that 4 out of every 10,000 babies is born missing either
:06:22. > :06:23.a hand or the lower part of their arm.
:06:24. > :06:27.Prosthetics can be extremely expensive and children soon outgrow
:06:28. > :06:31.them - which prompted two British dads to use their spare time
:06:32. > :06:34.and cash to see what they could do to help.
:06:35. > :06:56.This nine-year rod was born without a hand. The video of her receiving
:06:57. > :07:02.her first 3-D printing prosthetics went viral after it was picked up by
:07:03. > :07:07.Google as a highlight of the year. Her mother said it has given her a
:07:08. > :07:13.huge boost. When she took it into school, just the reaction from her
:07:14. > :07:23.friends, how cool. You have to bend your elbow and then it will tighten
:07:24. > :07:40.the strings and it will bring... It will make the fingers make a feast
:07:41. > :07:46.so you can hold things. -- fist. You will not believe the size of this
:07:47. > :07:54.operation. This is where we built, designed, print 3-D arms for
:07:55. > :07:58.children. Stephen and drew met because Stephen was searching for an
:07:59. > :08:06.affordable for himself. They now work together in their spare time
:08:07. > :08:13.and relying on funding donations. Show us your hand. This is the hand
:08:14. > :08:18.that drew originally built me. It got me so enthused that I knew
:08:19. > :08:26.straightaway I wanted to get involved and do the same thing. It
:08:27. > :08:34.has been a passion, really, the children, where they have either no
:08:35. > :08:38.option or a poor option, I think that is where I needed to make a
:08:39. > :08:43.change. The 3-D printer I'm cost less than ?30 each to produce but it
:08:44. > :08:49.does not work for all prosthetics. The reason it is not normally used
:08:50. > :08:53.is because the materials and used cannot take the stresses and strains
:08:54. > :09:01.associated with the weight of the body, running, twisting, walking et
:09:02. > :09:05.cetera. Isabella can now walk the family dog.
:09:06. > :09:18.Amazing. That is all from me for now I will see you soon. Bye-bye.
:09:19. > :09:20.The Children's Commissioner for England says the vast majority
:09:21. > :09:23.of young carers receive no support from local
:09:24. > :09:29.Anne Longfield says four out of five are "going under the radar".
:09:30. > :09:32.The Local Government Association said funding cuts meant councils
:09:33. > :09:35.were being forced to make difficult decisions.