i'm andrew stevens in hong kong. >> i'm charles hodson in london. thanks for joining us. top stories on monday, december 5th, it's make or break in europe. leaders have five days to save the single currency, it seems. >> beijing's fears about social unrest grow as more signs emerges that the economy is cooling. >>> and a dozen supercars are smashed to smithereens in japan. amazingly, no one is seriously hurt. >>> well, the countdown continues. five days remain to save the eurozone as it approaches a raft of key meetings are in the diary. the british prime minister said many years ago is a long time in politic, andrew. >> i suspect it'll feel like it's endless. let's take a look at some of those meetings ahead. in a little over three hours, the french president sarkozy and german counterpart chancellor merkel will meet in paris under pressure to impose new budgetary constraints on the eurozone problems. on tuesday, mr. sarkozy will speak to tim geithner, who is also flying over. the u.s. president barack obama described it as a series threat and europe drawing to a close w

i'm andrew stevens in hong kong. >> i'm charles hodson in london.'re watching cnn, the world's news leader.

. >>> hello, i'm andrew stevens in hong kong. >>> i'm nina dos santos in london. welcome to "world business today" with our continuing coverage of the search and struggle for a solution to the debt crisis in europe. >> so once again the european union has proven itself anything but. today was meant to it be finality friday, the day when they got their fiscal house in order. euro zone leaders wanted a treaty change signed by up a27 eu nations. at 5:00 a.m. in brussels, a weary nicolas sarkozy confirmed that britain was not playing ball. >> translator: david cameron requested something which we all considered unacceptable, namely that there be a protocol written into the treaty which enabled the uk to opt out of a certain number of rules applying to financial services. we're not able to accept that. we consider quite the contrary. >> so the 17 euro zone members along with 6 others in favor must now press on with what's being called an intergovernmental agreement. their goals, well, to introduce binding control on the budgets of those 17 countries, also to implement

thanks for joining me, i'm andrew stevens in hong kong.marketplace middle east" is next. >>> this week on "marketplace middle east," sanctions on syria, the arab league votes to impose sanctions on syria while neighboring lebanon takes a step back. we speak with the lebanese minister of trade and economy to discuss the impact on his country. >>> and egypt heads to the polls as the country goes to the ballot boxes for the first time since the fall of hosni mubarak. >>> 19 arab league nations voted to impose diplomatic and economic sangs in the government of bashar al assad this week. the sanctions imposed by the arab league banned travel by officials to arab states and freeze their assets in arab states as well. stop league members from doing business with the syrian central bank. it halts trade deals except for strategic products that affect the syrian people, frees syrian government assets and stop financial dealings with the syrian government overall. syrian's foreign minister responded to the arab league sanctions saying they will not h

. >>> hello from cnn hong kong, i'm andrew stevens. >> i'm nina dos santos at cnn london. this is "world business today" and these are the top stories. containing the debt crisis. will europe's central bank do its bit to stop another rate cut? >> there's a big difference between partners and being nude. >> an actress suing over what she says are fake photos tries to set the record straight. >>> also ahead -- ♪ >> and the city's the star is hollywood's movie machine reaches new heights. we're at the "mission: impossible" premiere in dubai. >> speaking of mission impossible, in europe some people could draw a few conclusions there as well. asian markets down, european markets are up, u.s. futures are struggling for direction. the instability is all down still to the future of europe which could be charted in brussels on friday. before that, though, the ecb seems set to lower interest rated for the second time in two months as it tries to kick start the region's economy. but with the ratings agency standard & poors put the not just euro zone governments but the whole eu as a

i'm andrew stevens. >> i'm nina dos santos.ll see you in four hours' time for the next edition of "world business today." if you can't join us then, we'll see you again soon.

i'm andrew stevens in hong kong., i am informed that you mix your peanut butt terp with marm laed. is that true? >> that's absolutely true. i'm off for a peanut butter sandwich. you're watching cnn, the world's news leader. -- captions by vitac -- www.vitac.com

. >>> hello, i'm andrew stevens in hong kong. >> and from cnn london, i'm charles hodson. this is "world business today" and these are our top stories much there had a cautious mood on the markets after a downgrade warning in europe. >> a change of tact by china breathes new life into climate change talks. >>> and a trickle of tourists return as thailand recovers from devastating floods. >>> the timing could hardly have been worse. just as leaders of the euro-zone's biggest economies put on a united front standard & poor's threw a big spanner into the works and put 15 euro-zone nations under review for possible downgrade including germany and france an put the brakes on the rally we've been seeing. >> we'll bring you numbers and detail in a moment. suffice it to say europe apart from the uk is off by 1%. have a look. these are the 17 that all use the euro. greece's credit rating reflects a high rick of default and cyprus which was already under review. as s&p mentioned they placed the remaining on review for gowngrade. that means there is a 50% chance of a downgrade in the

i'm andrew stevens. >>> good morning from cnn london, i'm nina dos santos. this is "world business today." out of sight, not out of reach. eu minister ollie reign says britain is not beyond regulation. >>> intel tumbles over the flooding in thailand. >>> we'll tell you why brazil's world cup run-off is being dogged by delays. >>> investors have been hanging on every word out of europe for months now even if they're not entirely convinced by what the politicians have been saying. today, well, it's no different. the latest from europe is that this man, the ec, european krigs president, herman van rompuy says an agreement between 26 members of the e ufrnlthsz will be finalized by march. let's see how markets have been reacting the that one. nina? >> over here it's a sea of red as you can see, a little bit of let's say caution here, again the kind of situation we've seen many a midweek flurry after some of these comments made by ollie rain. what we've got on the cards is an early gain for the banking stocks seem to have been reversed. we have the bon, losing hea

i'm andrew stevens in hong kong. >>> i'm nina dos santos in london. these are the top stories today. adding more fire power to the bailout fund. anticipation builds for lasting -- in europe ahead of the crucial summit. >> india shelves plans to open up its supermarket sector. >>> and the immaculate rejection, ebay auction for a date with the virgin mary. >>> this very wednesday word is out that they're ready to use all they can to add to their arsenal in the brand new form of perhaps a new fund. stock markets right around the world are armed with quite a bit more confidence this wednesday and much more confidence indeed, andrew, than there were at this time yesterday. >> yes, certainly that's true, isn't it? the ratings agencies, nina, haven't yet pulled out the big guns on the existing esff. on tuesday, standard "a" poors fired a warning shot as doubts over the individual euro zone government debt raised the collective bailout fund has already been put on credit watch. we've heard repeatedly that more firepower is needed and the u.s. reportedly is re

hello, i'm andrew stevens. >> and i'm nina dos santos at cnn london. welcome back.tching "world business today." >>> let's take a look at how the european stock markets are fairing. about an hour and a half into the trading session. most of them rose after coordinated action by the world's banks including the federal reserve. a day later, perhaps a little profit taking. also olli rehn saying there's just ten days to save the single currency, the euro, otherwise we could see a total collapse of the eu. andrew? >> certainly a brave man putting a time like that, ten days to save europe. so let's take a quick look at the asian markets now. certainly, as nina was saying, a big pop here across the region. as you see there the standout is hong kong. this obviously a very liquid market, but certainly getting a double boost today. not only was the general confidence boost from the liquidity moved by the central banks around the world. there was also the chinese move to allow the banks to lend a little bit more money which certainly helped sentiment in hong kong as well. you

. >>> i'm andrew stevens from hong kong. welcome to "world business today." the top story this friday, december 30, the final wbt of the year. >>> penultimate. anyway from austerity measures and anger on the streets to bond yields going from bad to worse, it's been a rough year for the eurozone and there could be more of the same to come. >>> traders have had a turbulent time of it, too, as major stock markets slumped. we'll take alike at the best and worst performance. >>> and it's been a quiet christmas for occupy london protesters, but eviction from their central london camp looms in the new year. >>> and as the year draws to a close, we have seen a modest rally here in asia following those gains on the u.s. overnight and ahead of a higher open in europe, charles. things at least in the final trading day are looking a little better. >> yes, i think we are seeing a certain amount of buying going on here. it doesn't take much to boost these indices. clearly the trade does continue to be thin. now we have seen a continuation of the gains we saw on thursday fr

steven lawrence quickly alerted parents. arrest through the phone tree. >> sadly i must share troubling information with you. today andrew bruce cotrell one of our middle school teachers was arrested by the walnut creek police department with having inappropriate relations with a student. children's safety is paramount importance to our students. >> reporter: they served a search warrant on his memo hoesm where they say he brought the young woman and discovered more evidence of the relationship. janet was stunned and speechless when she found out about the arrest. >> i am shocked. to have two little boys, i am shocked. >> a teacher here at the middle school told us how angry she was at cotrem will have also for the trust of the parents and students that he violated. police say all the charges against cotrel are felonies and asking anyone has any information about any other victims, to give them a call. >>> a one-year-old oakland boy shot in the head with a gun last week has died. doctors at children's hospital removed hiram lawrence from life support yesterday afternoon. the boy's parents pleaded with doctors to give him

steven lawrence quickly alerted parents. arrest through the school's phone tree. >> sadly, i am sharing some troubling information with you. today andrew bruce cottrell, one of our middle school teachers, was arrested by the wall nut view police department for having reelings with a student. counterly we are contactively cooperating with both police departments to make sure they have all the support they need to investigate this matter. >> police served a search warrant on his walnut creek home where they say he brought the young woman and discovered more evidence of the relationship. neighbor janet abrams stood stunned and speechless when she found out about the arrest. >> i am shocked. i know him and kelly lived here before she was even married to him. and they have two little boys. i am shocked. >> a teacher here at the middle school who wouldn't go on camera told us how angry she was at cottrell, not just for the sexual abuse, but also for the trust of the parents and students that he violated." now police say all the charges against cottrell are felonies and they are also asking that if anyone has information about any other victi

steven lawrence quickly alerted parents. arrest through the school's phone tree. >> sadly, i am sharing some serious and troubling information but. today andrew bruce cottrell, one of our diablo middle school teachers was arrested for having inappropriate relations with a former student. children's safety is a paramount concern to our district. accordingly, we are actively cooperating with both police departments to mack sure they have all the support they need to investigate this matter. >> police served a search warrant on his walnut creek home where they say he brought the young woman and discovered more evidence of the relationship. neighbor janet abrams stood stunned and speechless when she found out about the arrest. >> i am shocked. i know him and kelly lived here before she was even married to him. and they have two little boys. i am shocked. >> a teacher here at the middle school who wouldn't go on camera told us how angry she was at cottrell, not just for the sexual abuse, but also for the trust of the parents and students that he violated. now police say all the charges against cottrell are felonies and they are also asking that if