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World News from the BBC. |
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East Asia's three largest economies have agreed to shore up a regional reserve fund to back up their ailing partners. |
| [00:09.70] |
China, Japan and South Korea are to fill the 4/5 of the $120,000,000,000 bill between them. |
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Correspondents say the fund is meant to reduce a need for smaller Asian economies to rely on multilateral lenders such as the IMF in the event of a crisis. |
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The American billionaire investor Warren Buffett has said he can't see signs of an early economic recovery in the United States. |
| [00:32.70] |
The world's second richest man told the BBC that while he believed things would get better, it was too soon to speak of a major improvement. |
| [00:40.47] |
Warren Buffett has just recorded his worst performance in more than 40 years of playing the financial markets. |
| [00:47.51] |
Rescue services in the Austrian Alps say that an avalanche has killed at least six people. |
| [00:52.79] |
The avalanche near the ski resort of Soelden happened on Saturday. |
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But rescue efforts were hampered by bad weather. |