Mervyn King has called for "more boredom" in UK banking

Listen to audio

Bank of England assesses cost of crisis

The Bank of England estimates that the world-wide losses for banks and investors in the current financial crisis could total two-point-eight trillion dollars (one-point-eight trillion pounds) -- twice as much as it previously thought.

It warns that major risks remain in the global financial system, even after attempts by many governments to strengthen their banking systems.

The bank argues that new international regulation is needed to ensure that during periods of strong growth, banks set money aside for losses in a downturn.

North Korean leader "in hospital"

	Precise information about Kim Jong-il is difficult to obtain in secretive N Korea

The Japanese Prime Minister, Taro Aso, has said he has information that the North Korean leader, Kim Jong-il, is probably in hospital, but is still capable of making decisions.

Mr Aso told a parliamentary committee in Tokyo that the North Korean leader's condition was not good, and he was being treated by a French brain surgeon.

The health of Kim Jong-il, who is sixty-six, has been the subject of intense speculation since he failed to appear at a key anniversary parade in September.

American and South Korean officials say he is believed to have suffered a stroke. North Korea has described this claim as a whopping lie.

Also in the programme :

International Business Analysis

Asia solution for Financial crisis by U Yin Maung

Living Today, Stronger Tomorrow (Special Health Programme):
Presented by Kham and U Ko Ko Aung

Situation Letters: by Daw Yee Yee Aung