11/12/2012

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:00:10. > :00:19.The banking giant, HSBC, is to pay a record $1.9 billion to the US

:00:19. > :00:22.authorities to settle allegations Nelson Mandela's doctors say he has

:00:22. > :00:27.suffered a recurrence of a lung infection and is responding to

:00:27. > :00:30.treatment. Supporters and opponents of the Egyptian president are

:00:30. > :00:40.planning big demonstrations in Cairo, as the Army is given powers

:00:40. > :01:18.

:01:18. > :01:27.US prosecutors allege the bank has helped Iran and other drugs cartels

:01:27. > :01:32.to launder money. HSBC says it is It is one of the world's banking

:01:32. > :01:36.giants. Based in London with a major focus on Asia. One of the

:01:36. > :01:46.main targets of a crackdown by the US authorities on banking

:01:46. > :02:06.

:02:06. > :02:11.irregularities. The result, a Earlier this year, a US Senate

:02:11. > :02:14.investigation accused the Bank of being a conduit for deals with Iran

:02:14. > :02:19.and other countries and the US sanctions and what senators scribed

:02:19. > :02:23.as drug kingpins. The bank's operations in Mexico is said to

:02:24. > :02:29.have sent millions of dollars in cash to the United States. The sums

:02:29. > :02:32.involved supposedly indicating illegal drugs proceeds. For

:02:32. > :02:40.analysts, this supplement is a serious signal to the banking

:02:40. > :02:45.system as a whole. It is not about taking big risks. It is about

:02:45. > :02:51.operational issues of running an international trading bank. Cannae

:02:51. > :02:56.trust these people to manage money through the system properly? -- can

:02:56. > :03:02.you trust? The markets will be absorbing the implications for HSBC

:03:02. > :03:07.and the other banks that have been in the sides of the financial

:03:07. > :03:10.regulators. Our correspondent in Hong Kong told me more about the

:03:10. > :03:15.settlement. HSBC is one of the biggest banks in the world. It is

:03:15. > :03:22.the biggest in Hong Kong. When the markets closed today, the stock was

:03:22. > :03:27.up by about 0.3%. It does not seem to have any immediate effect at

:03:28. > :03:32.this point in time but we will see going into tomorrow. HSBC has said

:03:32. > :03:36.the bank you are looking at now is completely different from the one

:03:36. > :03:40.before. Since the US Senate investigation, they have made all

:03:40. > :03:46.sorts of changes in top management especially so that the bank we are

:03:46. > :03:50.looking at now is not the same. Let's have a look at some of the

:03:50. > :03:55.settlement. Right now they are looking at no criminal prosecution

:03:55. > :04:01.in the interim period. At the same time they have struck a global

:04:01. > :04:09.resolution with other US government agencies. It means other

:04:09. > :04:13.investigations into the HSBC by the US Treasury, the US Federal Reserve,

:04:13. > :04:23.all of those investigations should also be settled, along with the

:04:23. > :04:27.settlement. It is a huge cash payout. HSBC seems -- sees this as

:04:27. > :04:34.a good compromise. It is not going to be a huge problem to pay their

:04:34. > :04:38.spine for them. While there are no criminal prosecutions? -- this fine.

:04:38. > :04:44.They have not ruled them out. At this point in time they said they

:04:45. > :04:49.had deferred them. More details are expected to be coming out. At the

:04:49. > :04:53.same time, this is a major financial institution. The

:04:53. > :04:58.investigation was a major victory for the US government to share

:04:58. > :05:03.their active in pursuing big financial institutions, that they

:05:03. > :05:06.are not too big to fail. They are seen to be going after the bank and

:05:06. > :05:11.making a point. It is not clear whether criminal investigations

:05:11. > :05:17.will further their case at all. What sort of settlement they will

:05:17. > :05:23.land on. At this point in time, they have deferred this possibility.

:05:23. > :05:28.We are talking Japan. The nuclear industry obviously huge problems.

:05:28. > :05:33.Another worrying piece of news today. The nuclear industry

:05:33. > :05:37.diminished but still hugely important in Japan. Today we are

:05:37. > :05:42.learning that shares in several power companies have fallen sharply.

:05:42. > :05:48.That is after geologists have warned they may be active seismic

:05:48. > :05:52.fault lines underneath a major nuclear power plant. Earlier I

:05:52. > :05:59.spoke to our business correspondent in Singapore. He explained further

:05:59. > :06:09.about the concerns. It is worrying many power companies in Japan.

:06:09. > :06:10.

:06:10. > :06:17.These nuclear facilities will be decommissioned. Experts say it is

:06:17. > :06:23.Anthony -- underneath a nuclear facility in western Japan. It is

:06:23. > :06:27.sitting over an active fault line, the meeting place of two or more

:06:27. > :06:35.plates. It will be decommissioned. The nuclear regulation austerity

:06:35. > :06:39.will decide the fate of the plant. -- authority. All but two of the

:06:39. > :06:47.nuclear reactors in Japan remain Offline after they were shut down

:06:47. > :06:53.for regular safety checks in the aftermath of the disaster. They are

:06:53. > :06:58.also investigating whether another facility - the only working atomic

:06:58. > :07:08.plant - is on an active fault-line. The new survey is piling pressure

:07:08. > :07:11.

:07:11. > :07:16.on the stop crisis. They are slumping about 6%. Anti-nuclear

:07:16. > :07:26.sentiment is running high in Japan. It used to rely on the technology

:07:26. > :07:28.

:07:28. > :07:30.for around a third of its electricity needs. Egypt braces

:07:30. > :07:40.itself for clashes between supporters and opponents of the

:07:40. > :07:42.

:07:42. > :07:47.The move of WPP to Ireland in 2008 was in protest at UK tax rules on

:07:47. > :07:54.profits generated overseas. The advertising giant was one of

:07:54. > :07:58.several companies, including BBM, and the pharmaceuticals giant, who

:07:58. > :08:08.have moved their headquarters to Ireland at the time. Since then,

:08:08. > :08:08.

:08:08. > :08:14.the tax regime has been reversed by the UK coalition government. U B M

:08:14. > :08:19.voted almost unanimously in favour of the move. It was approved by

:08:19. > :08:23.99.9% of investors. WPP stressed earlier this year there would be no

:08:23. > :08:29.tax cost to the group by returning its headquarters to the UK from

:08:29. > :08:33.Ireland as a result of the changes. The UK is undoubtedly more

:08:33. > :08:37.competitive than it was with its corporate tax system. Its basic

:08:37. > :08:44.headline rate has dropped dramatically in recent years. It

:08:44. > :08:48.will never get down to Irish levels of 12.5%. With 21% on the horizon,

:08:48. > :08:53.it is a low and competitive rate, a tempting lots of companies to look

:08:53. > :08:58.at us, in much the same way as people will look at supermarkets

:08:58. > :09:03.when they see a good deal on offer. The decision about taxation laws

:09:03. > :09:07.will cost the Treasury �2.8 billion in lost revenue over five years.

:09:07. > :09:14.George Osborne is keen to promote Britain as a competitive place to

:09:14. > :09:18.do business. Under the previous regime, companies were taxed twice

:09:18. > :09:25.on foreign profits. Once in the UK and once in the countries where

:09:25. > :09:30.overseas divisions are based. The US government is selling its

:09:30. > :09:39.remaining stake in the insurance firm, American International Group.

:09:39. > :09:43.The Treasury owns more than 230 million shares worth $7.8 billion.

:09:43. > :09:48.That was the closing share price on Monday. It was rescued by the

:09:49. > :09:53.Government in 2008. Since then, the Government has more than recovered

:09:53. > :09:58.the $182 billion it has spent on the bail out. The biggest deal-

:09:58. > :10:03.maker in Germany has posted a loss of more than $6 billion. The

:10:03. > :10:08.massive loss was largely due to the reduced value of its steel mills in

:10:08. > :10:12.the United States and Brazil. It is trying to sell those operations.

:10:12. > :10:16.Offers were much lower than the company's original valuation.

:10:16. > :10:21.Policy makers at the US Federal Reserve begin a two-day meeting

:10:21. > :10:25.today. They are expected to discuss ways of boosting the US economy.

:10:25. > :10:31.The Central Bank might decide to pump billions will dollars into the

:10:31. > :10:38.economy with another man round of bond buying. -- more dollars. Delta

:10:39. > :10:45.Airlines is nearing an agreement to buy a 49% stake in Virgin Airlines.

:10:45. > :10:48.If the deal goes ahead, they are expected to co-operate on

:10:48. > :10:54.transatlantic flights. Richard Branson says whatever happens he

:10:54. > :11:04.will retain control of the airline he founded. Let's have a quick look

:11:04. > :11:17.

:11:17. > :11:21.The South African government says the former President, Nelson

:11:21. > :11:30.Mandela, has suffered a recurrence of a lung infection, and is

:11:30. > :11:40.responding to treatment. He is 94 and has been in Pretoria since

:11:40. > :11:47.

:11:47. > :11:56.Saturday. Our correspondent gave me These are there live shots of the

:11:56. > :11:59.hospital in Pretoria. It is day four of his hospitalisation. In the

:11:59. > :12:03.past few minutes we have had confirmation from the presidency

:12:03. > :12:08.that he is being treated for a recurrence of a lung problem and is

:12:08. > :12:13.responding to the treatment. He was admitted on Saturday for what we

:12:13. > :12:18.were told were routine tests, consistent with a man of his age.

:12:18. > :12:23.It is the first time we have had any kind of detail on what the

:12:23. > :12:30.problem is this time around. Back in January, 2011, President Mandela

:12:30. > :12:33.was admitted to hospital and he was treated for lung problems. I think

:12:33. > :12:37.there will be relieved to a certain extent that there is a bit more

:12:37. > :12:41.information about what the treatment entails. We're hoping

:12:41. > :12:47.that later today there would get more information about his

:12:47. > :12:52.condition. That interview from his wife - those were from have - they

:12:52. > :12:57.sound incredibly moving, don't they? Yes. They are incredibly

:12:57. > :13:02.close. She has tried to make clear in every interview she has done

:13:02. > :13:07.that Nelson Mandela is a frail man. She is their protective of him. She

:13:07. > :13:11.is always talking about the fact that they must not have too many

:13:11. > :13:16.expectations of someone of his advanced years. She has talked

:13:16. > :13:22.about him having lost his sparkle. There is a sense of sadness in her

:13:22. > :13:28.voice when she says that. There is also a sense of reality. He is a

:13:28. > :13:32.huge figure in South Africa. For many people, it seems

:13:32. > :13:38.incomprehensible that the colossus that people very much remember from

:13:38. > :13:44.the fight against apartheid and his tenure as South Africa's first

:13:44. > :13:48.black president, that man is frail and elderly. He is receiving very

:13:48. > :13:54.careful attention and care at a hospital in Pretoria. Relief that

:13:54. > :13:59.we are getting used now of his condition. Sorry about the delay in

:13:59. > :14:02.that report. Supporters and opponents of the proposed new

:14:02. > :14:07.constitution in Egypt have called for major demonstrations in Cairo.

:14:07. > :14:12.The reason crisis began last month when President Morsi announced a

:14:12. > :14:17.presidential decree giving himself sweeping new powers. It triggered

:14:17. > :14:23.nationwide protests. Last month, the Assembly published a draft

:14:23. > :14:26.constitution. Demonstrations for and against President Morsi

:14:26. > :14:33.continued. There are classes outside the presidential palace. He

:14:33. > :14:38.offered a concession to opponents by annulling the decree which

:14:38. > :14:42.usually expanded his powers. The controversial referendum on the

:14:42. > :14:49.draft constitution plan for 15th December will still go ahead on

:14:49. > :14:52.The BBC's Shaimaa Khalil is in Cairo told us more. I began by

:14:52. > :14:57.asking her whether crowds had started gathering. It is fairly

:14:57. > :15:04.quiet but numbers are building up. This is what the whole conflict is

:15:04. > :15:10.about, a draft constitution. Over 200 articles, this is what

:15:10. > :15:14.Egyptians are basically expected to read, to have digested, and to vote

:15:14. > :15:20.on on 15th December. This is what these demonstrations are all about

:15:20. > :15:30.today. We are expecting a demonstration on both sides of the

:15:30. > :15:32.

:15:32. > :15:40.camp, one side likely to gather in the areas very close to the

:15:40. > :15:45.presidential palace, close to the other faction. This proximity is

:15:45. > :15:53.very worrying. Last time this happened, seven people died and 700

:15:53. > :15:58.people were injured. What is the sense about why a Mohamed Morsi has

:15:58. > :16:03.made these changes? There is a sense this was premeditated. Or is

:16:03. > :16:08.this a recent move strategically? think there were a couple of

:16:08. > :16:15.changes made quite quickly. One was him giving up the sweeping powers

:16:15. > :16:19.he gave himself towards the end of last month. It was always

:16:20. > :16:25.controversial, people have always been critical, even though he has

:16:25. > :16:30.said the intention was to get the constitution up and running. He

:16:30. > :16:35.gave that up because he wanted to appease the opposition, but also

:16:35. > :16:40.Ineke move to get the judiciary on his side, of which sounded like it

:16:40. > :16:45.worked, because many judges have announced they will oversee the

:16:45. > :16:54.constitution. The second announcement which took people

:16:54. > :17:04.aback was the right to the Army -- the powers given to the Army to a

:17:04. > :17:07.

:17:07. > :17:10.rest. -- arrest. You're watching BBC World News.

:17:10. > :17:13.Still to come: As NATO prepares to withdraw, female Afghan soldiers

:17:13. > :17:15.are playing an increasingly important role in the country's

:17:16. > :17:19.elite forces. Hugo Chavez has arrived in Cuba for

:17:19. > :17:21.his fourth cancer operation. He spoke openly for the first time

:17:21. > :17:25.about handing over to a possible successor. The Venezuelan president

:17:25. > :17:35.said that the country would be in safe hands under his vice-president,

:17:35. > :17:35.

:17:35. > :17:40.Nicolas Maduro. Will Grant reports from Havana.

:17:40. > :17:44.Despite the smiles for the cameras, these are very serious times for

:17:44. > :17:50.Hugo Chavez. Routed from the plane in Havana by the Cuban President,

:17:50. > :17:55.both men know the leader is facing his biggest challenge yet. Over the

:17:55. > :17:59.weekend, Hugo Chavez said on national TV that, despite having

:17:59. > :18:04.twice said he was free of cancer, the disease had returned and he

:18:04. > :18:08.needed an urgent operation. Perhaps most significantly, he named his

:18:08. > :18:13.vice-president, Nicolas Maduro, as his successor, should he be unable

:18:14. > :18:17.to continue as leader. Before leaving for Cuba, Hugo Chavez

:18:17. > :18:20.gathered together his military leaders to say he had entrusted

:18:20. > :18:25.them with the safety of the Fatherland and urged them to

:18:25. > :18:30.protect Venezuela from what he called conspiracies at home and

:18:30. > :18:40.abroad. Many of the Socialist leaders staunch supporters are

:18:40. > :18:42.

:18:42. > :18:50.distraught. TRANSLATION: Hugo Chavez has the people. He will

:18:50. > :19:00.always have ask. From victory, to victory, with our loyalty, and

:19:00. > :19:00.

:19:00. > :19:10.beyond this life, we will be faithful to Hugo Chavez. On leaving

:19:10. > :19:14.

:19:14. > :19:18.for his treatment, Hugo Chavez was typically optimistic. He is -- has

:19:18. > :19:22.experienced many highs and lows in office, not least in 2002 when he

:19:22. > :19:26.was briefly removed from power. It seems now even his strongest

:19:26. > :19:36.supporters are facing up to the idea that ill-health might prevent

:19:36. > :19:39.

:19:39. > :19:42.him from serving out his full term. Four more people have been arrested,

:19:42. > :19:44.in connection with the death of a Dutch amateur football linesman.

:19:44. > :19:49.Richard Nieuwenhuizen died on December 3rd, after being kicked

:19:49. > :19:54.Teenage football players from Amsterdam club, Nieuw Sloten. This

:19:54. > :19:58.is BBC World News. The headlines.

:19:58. > :20:01.HSBC agrees to pay a record fine of almost $2 billion, to settle

:20:01. > :20:04.allegations of money laundering. Nelson Mandela's doctors say he's

:20:04. > :20:10.suffered a recurrence of a lung infection, and is responding to

:20:10. > :20:13.The Prime Minister of Mali has resigned, hours after being

:20:13. > :20:16.arrested by soldiers who led a coup earlier this year. Cheikh Modibo

:20:16. > :20:19.Diarra announced his resignation on state television, but gave no

:20:19. > :20:27.reason. Mali, once a stable democracy, has been in crisis since

:20:27. > :20:31.the military coup in March. Earlier, I spoke Alex Jakana from the BBC's

:20:31. > :20:39.Africa Service, for an update on what's happened in the last few

:20:39. > :20:43.hours. We fear Prime Minster has resigned.

:20:43. > :20:48.He was shortly detained and arrested. A lot of people are

:20:48. > :20:54.asking, where did this come from? There are those who say, the

:20:54. > :20:58.military never really went away. They were always in the background.

:20:58. > :21:06.The general analysis coming out right now, in the recent past, the

:21:06. > :21:16.Prime Minister has been at odds with Captain Amadou Sanogo, the

:21:16. > :21:19.

:21:19. > :21:29.leader of the coup. Take us back a step, the north is deeply troubled.

:21:29. > :21:29.

:21:29. > :21:34.The whole crew started with the problems in the north. -- coup.

:21:34. > :21:40.Then military felt it was not getting enough support. The

:21:40. > :21:45.rebellion had been quashed in 2008. Then, the Troubles after the Arab

:21:45. > :21:55.spring, for example, in Libya, many had gone to fight there. On their

:21:55. > :21:59.

:21:59. > :22:03.way back, they came back with guns, more recruits.

:22:03. > :22:05.A group of female soldiers has been trained to join the Afghan

:22:05. > :22:09.military's elite special forces. NATO's preparing to hand over its

:22:09. > :22:19.security role before foreign combat troops leave in 2014.

:22:19. > :22:22.

:22:22. > :22:31.Marzieh Mashkoori reports. In combat. These Afghan soldiers

:22:31. > :22:35.are training side by side. NATO is gradually handing security over to

:22:35. > :22:43.Afghan forces, ahead of the departure of most of its combat

:22:43. > :22:50.troops in 2014. The and the women who joined their countries' special

:22:50. > :22:54.forces are playing an increasingly important role. During night raids

:22:54. > :23:04.in search of Taleban insurgents, they are the ones responsible for

:23:04. > :23:06.

:23:06. > :23:11.questioning women, and children. Translation macro the family

:23:11. > :23:20.members objected, so I volunteered. I was interested in joining the

:23:20. > :23:24.forces. I volunteered. The start is one of the 12 elite

:23:24. > :23:33.female soldiers are specially trained in the last year to make

:23:33. > :23:37.Afghan forces appear more culturally sensitive -- Sara.

:23:37. > :23:47.TRANSLATION: I am very proud of them. They have sold a big problem

:23:47. > :23:47.

:23:47. > :23:53.for us, a big cultural problem. -- solved. Integrating women into the

:23:53. > :23:58.Special Forces is not an easy task. TRANSLATION: There is no difference

:23:58. > :24:03.between a man and woman. We need female doctors and university

:24:03. > :24:09.lecturers, in the same way, police women and soldiers. So my family

:24:09. > :24:19.encouraged me to join. With this uniform on, I should not be fearful

:24:19. > :24:24.

:24:24. > :24:28.of anything, this is my duty. I am not scared. I am now an officer.

:24:28. > :24:38.the 2014 withdrawal looms, the challenge now is to get even more

:24:38. > :24:38.

:24:38. > :24:42.women to sign up. The Arab Uprising, which began in

:24:42. > :24:46.Tunisia two years ago, continues to be felt across the entire Middle

:24:46. > :24:51.East. In the latest in our series of postcards, we look at how the

:24:51. > :24:58.movement has affected ordinary people in Egypt, Yemen and Lebanon.

:24:58. > :25:08.My name is Lily, I'm from Egypt. The Arab Uprising has affected

:25:08. > :25:09.

:25:09. > :25:14.people my age. They are no longer a bunch of guys and girls who want to

:25:14. > :25:18.have fun, with no targets or goals. They have hope now. They are trying

:25:18. > :25:23.for their dream, and I think we are getting there. It is going to take

:25:23. > :25:33.a bit of time. And it's not going to be a beautiful scene at all.

:25:33. > :25:36.

:25:36. > :25:41.There will be a lot of sacrifices. But we will get there. My name is

:25:41. > :25:45.Mohammed Basim, I am from Yemen. We don't regret all the positive

:25:45. > :25:49.changes but there are some people who want to take the country back,

:25:49. > :25:54.and want to Fuller to -- followed the politics of the past. But this

:25:54. > :26:04.will not be accepted. We will not allow all the types of corruption,

:26:04. > :26:08.

:26:08. > :26:14.in a new form. -- old types. A baby has been born in a

:26:14. > :26:23.coastguard helicopter thousands of feet up in the air. Off the coast

:26:23. > :26:33.of Scotland. The baby couldn't quite wait to get to hospital and

:26:33. > :26:36.

:26:36. > :26:42.was born 10 minutes before the aircraft touched down.

:26:42. > :26:45.We leave you with these pictures. An aquarium in the South Korean