Leading financial institutions have welcomed an initiative by five European countries to fight tax evasion. They've agreed to share information about the ownership of shell companies and trusts established in tax havens. Our economics editor, Kamel Amit, reports. Ten days after the leak of 11.5 million documents, known as the Panama Papers, the announcement in Washington was the first concerted effort as an international response. Britain, Germany, France, Spain and Italy agreed to share previously secret tax data. The five European countries have now written to the rest of the G20 richest nations, urging them to join the transparency agreement.
In a feisty televised debate, the U.S. Democratic presidential contenders, Hillary Clinton and Bernie Sanders, have clashed on issues as diverse as Wall Street banks, gun control and the minimum wage. The debate comes five days before delegate-rich New York State holds its primary. From the city of New York, Nick Byrant.
The Brooklyn-born Senator questioned his rival's judgment for supporting the Iraq War, and also for her ties with Wall Street. The former Secretary of State hit back over his claim She's unqualified to be President. I've been called a lot of things in my life. That was a first. Hillary Clinton has lost seven of the last-day contest. Though still the strong frontrunner, she could do with a victory in the state she used to serve as Senator.
The supreme court in Brazil has rejected a government request to suspend the vote in the national congress on whether to impeach president Dilma Roussef. Mrs Roussef has been accused of massaging the budget figures before elections in 2014. She has denied the allegations.
An attempt by North Korea to launch a missile tomorrow to mark the birthday of the country's founder Kim II-Sung has failed. The South Korea news agency has report the launch of the east coast of the north had involved intermediate range ballistic missile. Steven Evens is monitory events in Seoul, Intermediate range missiles have maneuvered on the ground in North Korea. And they had a longer ranger range than the previous missiles, their range ,maybe as far as Guam, the US base on the island in the Pacific. The tests seem to failed but it indicates or it would indicate that Kim Jung Eun is anxious to test longer and longer range missiles.
At least nine people were killed in the strong earthquake which strikes southern Japan on Thursday. Most of the victims came from the town of Mashiki where apartment been in collapsed and many houses were damaged. Nationwide more than 40000 people had leaved their homes but some are now returning despite frequent aftershocks. The Japanese prime minister Shinzo Abe, said the government had mobilized police, firefighters, and troops for rescue operations.
A judge in the US state of Connecticut has ruled that a court case against the manufacture of the weapom used in the Sandihuke school shootings can go ahead. Twenty school children and six teachers were killed when Adam Lanza opened fire in December, 2012 with the semi-sutomatic rifle bought by his mother.
Latest figure published in Beijing show China's economy grew by 6.7% in the first quarter of the year. The lowest rate of expansion since the depth of the financial crisis in 2009. But the figure was in line with the Chinese government growth target, and was forcast by analysts. Steven MacDonald reports from Beijing. Over production, company debt and a cooling local housing market all taking their toe on the world second largest economy. Chinese policymakers are trying to manage a gradual slow down with minimal social disruption, this involves shifting means of workers out of the steal coal and other heavy industries. The government is painting its hopes on expansions in services and consumption yet some critics claim China's real GDP growth is much lower than the official statistics were sugges
Human Rights groups are urging the government of Australia to cut the number of Aboriginees going to prision. Abriginees make up 27% of the present population are figured there is nearly doubled of the past 25 years. This is inspite of the report from the 1991, in which government are appointed commission called for sweeping reforms to improve the plight of Aboriginees in jaill
The Formula I driver Finando Alanso has been cleared to drive in week's Chinese ground pray jsut four weeks after surviving a specular crash. The Spanier sustend fractured ribs when his Maclureen car flipped over twice before slam into a barrier during the Australian ground pray last month. Alanso said this was the biggest crash