captioned by the national captioning institute --www.ncicap.org-- >> we have the business news, welcome. >> the egypt former president of kleine said not guilty as a trial for corruption and murder began. >> interest on bonds skyrocket. >> in haiti and the dominican republic and the caribbean. >> mubarak is on trial six

months after -- he has denied all the charges against him, among them, ordering the killing of protesters. >> he ruled egypt with an iron fist. now, for four hours, he lay in a hospital bed in a cairo court. officials mandated that he appear personally to answer for charges related to the deaths of 146 people. prosecutors say he gave orders for security forces to use live ammunition. he gave the command said to let ever was necessary to restore order. the presiding judge asked how he pleaded. he completely denied all the charges.

the former interior minister was also head of the security forces and the secret police. his sons were also present, answering the charges of corruption. outside the police academy, restless crowds watched live coverage of the proceedings. few shows sympathy. >> if anybody feels empathy because of his condition, issue of the videos of those tortured during his reign. >> you agree that he deserves to be executed a thousand times over. >> leaders have long demanded that he be put on trial. they say healing will only begin when he has made to pay for the violent crackdown at the start of this year. >> covering the story for us in

cairo, the trial was an extraordinary spectacle for the people of egypt seeing the man now reduced to a frail prisoner he and >> -- prisoner. >> somebody who ruled for 30 years, also the feeling that this is the first results of the revolution that was only six months old. it was also very important for the families of lost members in the riots. for them, it is special satisfaction to see him in court. >> will he ultimately be convicted? >> the case is really about who is responsible for the deaf of the 840 people. it is about the chain of

command. it was also his interior minister. to be a question on this case is to is responsible for the order to fire at people. that is the main question, and it will also determine who gets sentenced. >> again, recently, people impatient for change. are the military leaders keeping up the pace? >> the military at the beginning of february said to him, go and we leave you in peace until the end of july. what happened to that as part of the negotiation process. it was the streets that came out again and again, there was demand to put him on trial. he is one of their own.

he was the commander in chief coming from the military. that put him on trial because of the pressure from the streets. >> we will have more on the upheaval in egypt later on. but first, the un security council has condemned the violence in syria as the regime cracked down on anti-government protesters. the move came in the form of a presidential statement. britain's ambassador of some of the statement for the european union members. unanimously condemned the violation of human rights and the violence by the syrian authorities against the people. the presidential statement adopted by consensus also calls for an end to violence and a respect for human rights.

it calls for the implementation of reform. it stretches the need for a political process and for the cessation of the use of force and unhindered access. >> is disassociating itself from the presidential statement. the crackdown has been continued unabated. >> some of the biggest demonstration against the regime that. the united nations says the famine has spread to three more

areas including parts of the capital. getting food aid remains nearly impossible. the un says it doesn't have enough money to feed all the hungry. the lands of people across the horn of africa do not have enough teeth. >> and these are the lucky ones. they're finally receiving the life of giving necessities they need. food, water, medical attention. the death toll climbs steadily. and when >> every day, they embark upon the perilous journey to kenya. thus are taken in at the refugee camp. other camps have been established throughout the region. a hungry are streaming into

ethiopia as well. they receive the basics for survival. >> these small children that you see, they are malnourished and this population is very hungry and very tired. they will get it in the next few days. >> no one knows how high the death toll is. it could be the most severe crisis in a generation. >> having a little bit of difficulty right now? >> it is looking quite weak at the moment, defending his government was a move to tackle public debt. he vows to introduce taxes and other reforms. he made the speech before parliament. >> they told the italian

parliament that the crisis is not an italian one, but a global one. the political and banking systems are all solid. he added that reducing unemployment is essential and italians need to roll up their sleeves. it was clearly aimed at calming the financial markets. earlier, there had been a high- level response to the situation. they held an emergency talks with the president of the euro group. they said their discussion had been long and fruitful, but they did not reveal any substance of the talks. they met in rome on tuesday but said little to journalists and other than the hail will have to wait for explanations. they maintain the financial system is solid and the year as dumb as a whole was responsible for the uncertainty.

and indeed, recently, they said italy was making the right decisions and had its public finances under control. but the italian government bonds have risen sharply in recent weeks. for example, 10-year bonds are yielding more than 6%. >> he has taken a long time to speak out on the debt crisis, but it remains to be seen in a words will help calm the financial markets. >> lots of figures on the stock exchanges around the world today. for an update on the market action, we get this report from the frankfurt stock exchange. >> is seemed as if prices were free falling. it went to about 3.5% for the day, and for the week, 10%.

share prices recovered just a little bit. the move still very gloomy. people have been saying that nobody was buying at the moment and there was massive dumping of shares on the market. italy, spain, and a country is in deep trouble. and the u.s. worries about the future path of the financial policy there. that they will not be forgotten. >> a look at the market numbers now, giving you an idea of what has become routine, they slid 2.3% to end the session. losing almost 2% on the day. the dow industrials came back from behind to a land of quarter of a percent sign.

the hero is trading for $1, 43. the two-party ruling coalition has pulled out of the government. is set for their cooperation with the communist party is impossible. it makes it difficult for the small mediterranean countries to undertake economic reforms in the wake of a series of the downgrades in recent months. things just keep getting worse. >> 100 containers villa close to the ports. the huge blast killed 13 people and destroyed the only power station on the island that cause the electricity blackouts. it is a massive blow for a country of the gdp with only 17 billion. they are opposed to greek sovereign debt.

they downgraded the debt rating last week and is borrowing costs fallen. it could be the recipient of an eu bailout. >> investors are opting for the relative safety of cold. and the swiss franc does against record levels. they try to ease the situation increasing the supply of liquidity. >> switzerland is a risk free shelter for their money. they see a swiss francs as a safe assets outside the troubled the bureau's own economies. that has sent the franc's value soaring. it appreciates to an all-time high against vero. now has lost ground after the national bank announced measures to counter the rise.

they are dependent on exports, and because of the strong franc, the export experience is likely over. prices are dropping, and companies that don't lower their prices tend to lose their customers. >> a court has granted a temporary injunction averting a strike high air traffic controllers. a judge will hear the case late tonight. the solution to the conflict will not be possible without arbitration. the union is seeking a 6.5% pay raise. the company says that it does go ahead after all. >> a powerful tropical storm is picking up speed in the caribbean and they have put several countries on alert. it is set to use -- to move

across the dominican republic and the move to the east coast of florida. it has already caused havoc where one man died when the storm hit. >> people living here have been preparing for the storm. it is one of the poorest in the capital of the dominican republic. they hope that the cuts will withstand the fury of the family in the river. torrential rains caused it to burst its bank. >> suddenly, it will take you away. >> some communities are ready for the coming storm. others are not. people are still struggling to piece together their lives.

11,000 still -- heavy rains unleashed flash floods and mudslides devastating the small island and leaving homes without power. >> next time you complain about the collection of parking tickets, think about how they deal with illegal parking. they rode along an armored vehicle turning this mercedes into a tin can. the limousine was blocking a bicycle lane and the video was of blood got to the internet. the owner of the car looked understandably surprised. authorities have admitted he was a factor. that's what i wanted to a five

and mayor of the city. if you park the car wrong, i will run over it in a tank.

>> welcome back. allen's there was a historic day for egypt. it has been six months since the revolution toppled the dictator. they denied responsibility for the death of hundreds of demonstrators. economic changes have been gradual to say the least. the egyptian army cleared the last remaining protesters. they were broadcast live on egyptian television and people all over the country tuned in to watch.

hundreds of demonstrators watched outside the courtroom where the former leader is being tried on charges of corruption and the killing of protesters. >> i am so happy today that we fought to get back our rights from him and his mafia. >> and the protests placed outside of the trial of venue. must have been hot in the square. on monday, the egyptian army dispersed demonstrators assembled there. crowds have gathered to protest the pace of change. >> we have achieved a lot since the beginning of the revolution. freedom, for example. those with more and come are not better off. the conditions would improve if they just had a drinking water.

they can just live in dignity. >> religious activists were suppressed via the regime. hundreds of thousands gathered in the square for the largest demonstration since the revolution. >> we demand social justice. he has to be tried and punished. these are all demands from the revolution. we don't have any specific demands, including religious ones. tensions are emerging. they accused islamists for hijacking the reform movement. they are demanding the introduction of law. >> egypt's identity is as lawmen. there will never be a division between islam and the state. >> this than the voices against

extremist views. the songs are about corruption, repression, freedom, and justice. >> and their way of thinking and behavior are completely different from our ideas about life. >> in the current climate, the religious protests are gathering momentum. on the first day of the trials, there were scuffles between liberal and religious groups outside the courtroom. the police stepped in to restore,. >> we are joined by a middle east analyst. how important is this trial? >> is important mainly for psychological reasons. the man who has really exploited egypt for over 30 years and has put many people into prison and

was responsible for the death of hundreds of demonstrators earlier this year. there is a yearning to see this man on trial and condemned. there are no reasons to assume that this is not a fair trial. the judges are really free in their handling of their case in the military is willing to sacrifice 10 in order to not get into the limelight of public opinion itself. the army has criticized because it is become the major force of revolution, so to speak, and egypt. the army is not really willing to open up the country for firmer democratization. in the army, of course, wants to deflect all criticism. >> many are dissatisfied with the pace of reform. are they being impatient? >> the new government is really

stalling. we have to keep in mind that egypt is a country with a very difficult social balance. 40 million out of 80 million live beyond the poverty line. there are millions of young people between 18 and 25 years of age hoping for a good job in a state institution or in the free market economy. very difficult to get such a job, and the dissatisfaction is continuing to rise. >> just back to the trial for a second, what significance will let have for the rest of the arab world? >> being under egypt, but in libya and syria were local dictators try to cling to power.

they will see him as a worst- case scenario for themselves. >> on february 11, the weeks of constant demonstrations paid off. the president was forced to step down ushering a new era. the fight is far from over. we meet a young man that took part in the revolution. he was badly injured and came back to germany from treatment. he wants to return to his home country in hopes that a new government will make the cut on its promises for reform. >> whenever he crosses a bridge in berlin, he is reminded of a life changing events. he was in a group of demonstrators that went over a bridge. security forces open fire on them. he was brought to germany for

treatment >> a changed my life completely. the soldiers beat us mercilessly. i have 200 splinters in my body. if i had not protected my head with my arms, it would be full of them, too. >> 850 people were killed during the protests, thousands more injured. >> i think the prosecution of those responsible for shooting defenseless demonstrators is the only thing that will placate the population. when they face a court, people will feel that real changes began to happen in the country. >> he is campaigning for a change in his homeland.

the post about the current developments and to give regular interviews to egyptian tv stations. for him, the revolution is not yet complete. caution must regard ourselves as one unified egypt regardless of religion, theology, or political belief. the must go towards the common goal of social justice. >> he doesn't want to stay in germany. a says he is fully recovered, he intends to return to egypt. >> i like to go home as soon as possible. it would be painful to find a country just as it was left. >> they are seeking a strong democratic egypt. >> that has been the end of this hour. please stay with us.