Transcripts For BBCNEWS BBC World News 20240711 : vimarsana.

Transcripts For BBCNEWS BBC World News 20240711

To the precious metal. And the notorious Wolf Of Wall Street takes us through the whole thing. Storm orlena strikes americas north east coast heavy snow, and high winds bring New York City to a near standstill. And updated and re published ladybirds nature Picture Books are backafter inspiring a generation of children in the 1950s and 60s. Good to have you with us. The United States has threatened to impose sanctions on myanmar, following a Military Coup in the country. President biden has urged an International Response to the power grab, and called it a direct assault on democracy. Those detained include the head of the largest party, Aung San Suu Kyi and other memebers of the civilian leadership. Troops are on the streets of the capital, naypyidaw, and the biggest city, yangon and a curfew has been put in place. Our special correspondent, fergal keane reports. An army reverting to autocratic type, swiftly and ruthlessly deposing a democratically elect the leader. Somewhere behind the leader. Somewhere behind the guns, Aung San Suu Kyi is once more a prisoner of the generals. The crisis began when Aung San Suu Kyis party won a Landslide Victory in elections last november. That win may have convinced the military that their hold on key security ministries, the real root of power here, was threatened. This was their response, related to the public on state television. Allegations of Election Fraud from an army notorious for its human rights abuses. There will be a State Of Emergency for a year with limitless powers to detain political enemies. The queue has an air of dark familiarity. For decades, the military has tried to maintain a monopoly of power. This was in 1995 when Aung San Suu Kyi was released after her first six years of house arrest. The woman i met then was a Global Human Rights icon. I then was a Global Human Rights icon. ~ ,. , icon. I think i became more political icon. Ithinkl became more political after icon. I think i became more political after i icon. Ithinkl became more political after i was icon. Ithinkl became more political after i was put icon. I thinkl became more i political after i was put under house arrest than before because once i was under house arrest, i became a totally Political Animal because this was my whole existence. But human rights will was my whole existence. But human rights will eventually come second to politics. Three years ago, while now sharing power with the military, Aung San Suu Kyi defended generals accused of genocide against the rohingya muslims. Even appearing for the defence at a War Crimes Trial in the hague. Do you ever worry that you will be remembered as a champion for human rights, the noble laureate, who failed to stand up to Ethnic Cleansing in her own country . No, because i dont think there own country . No, because i dont think there is dont think there is Ethnic Cleansing going on. For western owers, cleansing going on. For western powers. The cleansing going on. For western powers, the issue cleansing going on. For western powers, the issue isnt cleansing going on. For western powers, the issue isnt about. Cleansing going on. For western powers, the issue isnt about a i powers, the issue isnt about a personality but the principle of democracy in myanmar. Tonight, President Biden to present renewed sanctions on the military. But he needs Chinese Support and that is far from assured given the competition for regional influence between beijing and washington, and chinas long standing support for the generals. The armys supporters were on the street today but the cheers wont echo for long. Ahead lies deepening isolation, perilous uncertainty. Fergal keane, bbc news. Professorjohn blaxland is a professor in Intelligence Studies and International Security at the Australian National university. Thank you for being on a program. The Un Security Council will be holding an emergency meeting today about what has happened this week in myanmar. What are your hopes that International Pressure will make a difference . Thank ou will make a difference . Thank you sally will make a difference . Thank you sally we will make a difference . Thank you sally. We all will make a difference . Thank you sally. We all hope will make a difference . Thank you sally. We all hope that. You sally. We all hope that International Pressure will make a difference and that the Commander In Chief of the Burmese Military will see sense and see that this is actually a retrograde move, notjust him personally, but for the country. The problem is they will that when you look at what has actually transpired, you look at the roadmap to democracy that was not done in 2003, you see that i wasnt so much of a highway but a cul de sac. The plan was to establish a constitution which was done in 2008, both during a cyclone were a lot of calamity was happening there. That constitution basically set up some of the military, and ensured that they would remain in control regardless of the popular will. What surprised the leader of the military was that Aung San Suu Kyi has been so popular that even despite having designed this Constitution To Constrain Democracy and constrain the nld, the power of the electorate, 83 voting in favour of the nld, has really scared the horses in the military and intimidated its leader himself who was due to retire next year and had political aspirations to continue. That wasnt going to happen with a parliament controlled by the nld and an ascendant Aung San Suu Kyi. So what to do, clip the wings and of course that is in the context of that roadmap to democracy back in 2003, it was really in the context where it needed europe, the uk, australia, the United States, japan and others to support them because they wanted sanctions lifted. They are now had a decade of these sanctions largely removed, some reimposed following the rohingya crisis. Essentially, the Power Dynamics have shifted. We know now that myanmar is much more beholden to china and china is much less pro on democratic principles. I wanted to ask about china and how critical that relationship is. China and beijing are saying, look, this is an internal affairs not to be interfered with but china is investing quite a bit in myanmar. So if the United States and other countries impose sanctions, will it really have an impact if there is investment coming in from china . , china . Quite limited. The thing is that myanmar china . Quite limited. The thing is that myanmar has china . Quite limited. The thing is that myanmar has become i china . Quite limited. The thing| is that myanmar has become all the more important for china. The oil and gas pipeline from the port in the Bay Of Bengal through to china is a really significant part of chinas efforts to diversify and mitigate the risks of the jugular vein, mitigate the risks of the jugularvein, if mitigate the risks of the jugular vein, if you like, of the chinese straits to the South East Of there. Investment in myanmar has been going on for a couple of decades now. Min aung hlaing is very tight with xijinping. The relationship is a little bit rusty and prickly with the various border issues with the rebel groups but there is a bit of a recognition they are of a Faustian Bargain between min aung hlaing, the military and the peoples republic of china. So where does that leave us . It leaves us with limited leverage and essentially it is a good question. The reason why the leverage is limited is because burma and myanmar doesnt need us as much as they did a decade ago. Us as much as they did a decade auo. ~. , us as much as they did a decade a a 0. ~. ,. , us as much as they did a decade auo. ~. ,. ,. , us as much as they did a decade auo. ~. ,. ,. ,. ,. , ago. We going to have to leave it there. Sorry to interrupt you but we are out of time. Professorjohn blaxland. Thank you for your analysis. So much more detail as well on the website as to what is unfolding there but we need to move on to other stories. Spain was one of the hardest Hit Countries in europe when the first waves of covid 19 struck last year. And although the third wave has hit the country later than many of its neighbours, spain is now starting to feel its force. In addition, spain is also being affected by the controversy surrounding vaccine dose deliveries. Guy hedgecoe reports from madrid. In madrids hospital, healthcare in madrids hospital, healthca re staff in madrids hospital, healthcare staff are being vaccinated. But the recent reduction in Vaccine Deliveries has meant that the administration of doses is being prioritised, even more than before. In the spanish capital, only those who have already received a firstjab are currently being vaccinated. The delay of the vaccination program, it is going to have clear repercussions on the control of the disease. And that repercussion is going to be visible on the number of patients who are going to get infected and on the number of deaths. ,. Deaths. This hospital was built in only three deaths. This hospital was built in only three months deaths. This hospital was built in only three months in in only three months in response to the covid crisis. It opened in december and already is under strain like many hospitals across the country. The third wave of Coronavirus Hit spain hard after christmas. Infection rates now appear to be stabilising again. But the government says the highly contagious petition strain of covid would be the dominant one in spain for covid would be the dominant one in Spainforthe Covid would be the dominant one in spain for the next few weeks. While there has been a good deal of concern about pressures on the Healthcare System recently, there is also been outraged due to a series of scandals involving Public Officials who appear to have used their position in order to jump used their position in order to jump the queue and get vaccinated earlier. Among these have been a number of small town mayors and the head of the armed forces, he was forced to resign. Translation this is a disgrace. Is resign. Translation this is a disgrace. Is a resign. Translation this is a disgrace, is a social resign. Translation this is a disgrace, is a social disgrace i disgrace, is a social disgrace and a problem we have in spain. I dont know if this happens in other countries. It is the kind of thing that you hear about in other areas of life, but this time, it is more visible. Were ust time, it is more visible. Were just really time, it is more visible. Were just really tired time, it is more visible. Were just really tired of time, it is more visible. Were just really tired of the just really tired of the situation. We are alljust sick of it situation. We are alljust sick of it and situation. We are alljust sick of it and we dont see the end. They of it and we dont see the end. They are of it and we dont see the end. They are saying, you have to act really they are saying, you have to act really responsibly and then the people in charge are not acting the people in charge are not acting responsible at all. In recent months, local authorities have been introducing and then lifting restrictions on movement and social activity, according to infection rates. Spain is trying to push through this latest wave of covid without introducing a full lockdown. And it is hoping the recent Vaccine Distribution problems will not stop it. Guy hedgecoe, bbc news. Mass coronavirus testing will begin in some parts of england later to try and halt the spread of the South African variant of the virus. Home testing kits are been distributed to 80,000 People Living in areas where cases of the variant have been found that arent linked to international travel. Ministers say that they aim to find every single case of the mutation and come down on it hard. Lets get some of the days other news. President putins leading critic, Alexei Navalny is due to appear in Court Today For A Ruling his detention. He could be jailed for more than two years. More demonstrations are planned. Tens of thousands of people have held protests across russia since he returned from germany last month and was re arrested on his arrival. Northern ireland has temporarily suspended some post brexit checks at two ports on goods being imported to the province from Great Britain because of what a local council called, menacing behaviour. The Unionist Party in Northern Ireland objects to the checks on trade introduced since the uk left the european single market. A un report says Trafficking Of Children has tripled over the past 15 years. Research from the organisations office on drugs and crime says girls are mainly trafficked for Sexual Exploitation and boys for forced labour. The study also warned that the covid 19 pandemic was likely to worsen the overall trend. Stay with us on bbc news, still to come as the price of silver reaches its highest level in almost 11 years, we speak to the real trader known as the � Wolf Of Wall Street. � this is the moment that millions in iran had been waiting for. After his long years in exile, the first hesitant steps of Ayatollah Khomeini on iranian soil. South africas white government has offered its black opponents concessions unparalleled in the history of apartheid. And the anc leader, nelson mandela, is to be set free unconditionally. Four, three, two, one. A countdown to a critical moment. The worlds most powerful rocket ignited all 27 of its engines at once. And apart from its power, its this recycling of the rocket, l slashing the cost of a launch, l that makes this a breakthrough in the business| of space travel. Two americans have become the first humans to walk in space without any lifeline to their spaceship. One of them called it a piece of cake. Thousands of people have given the yachtswoman Ellen Macarthur a spectacular homecoming in the cornish port of falmouth after she smashed the world record for sailing solo Around The World non stop. This is bbc news, the latest headlines the us condemns the Military Coup in myanmar as a direct assault on democracy and threatens to re impose sanctions. Vaccine shortages threaten Health Services in madrid as a third wave of Coronavirus Infections hits spain. The reddit army of amateur investors are at it again. After pushing video Game Retailer gamestop shares to dizzying highs, members of the online chat forum have now done the same for silver. Prices for the precious metal jumped 11 at one point, reaching an 8 year high. Well, for those of you whove seen the film Wolf Of Wall Street, starring leonardo di caprio, the Hedge Fund Trader that film was based on isjordan belfort, the real Wolf Of Wall Street so to speak. And hejoins me now from los angeles. Good to see you, jordan. First of all, just to say we have viewers watching all over the world so no financialjargon, please. In laymans terms explain this, what is being described as an Investor Retail Frenzy and the impact it is having. Basically, what happened in Non Technical terms is that there are you can do with the stock market. You can be on the side of going long, betting on a stop going up or you can bet on a stock going down. There are healthy investors on both sides of that but there are a group of that but there are a group of investors that bet on stocks going down, they are called short sellers, and sometimes they get very aggressive and they get very aggressive and they start manipulating stock severely downward and get very short stock and they can almost drive a company out of business. There will often be investigations created or they will leak bad news so the company suffers as a result. Tesla is a perfect example of that. But what happened here is that. But what happened here is that a group of average small investors got together and saw an opportunity because if you sell that much stock short, meaning you bet on it going down, eventually you must buy it back. They started buying stock and driving the stock up and t

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