eunice, what do these talks focus on? >> reporter: the talks have been mainly focusing on the economy. one of the big questions here has been how china could really contribute and support the eurozone, ever since the chinese premier wen jiabao made a couple of comments during the visit of angela merkel to china. he said china was considering a way of contributing to the rescue funds of the eu. of course there weren't any details athe that time and there are still no details of what that potential investment could possibly be. a lot of people say china has reason to help out the europeans because china and europe have a very close trade relationship, also china with its trillions and trillions of dollars in currency reserves does have the financial flexibility and the financial firepower to help. in one of the conditions and one of the concerns here among the chinese have been that europe really needs to be able to handle its own crisis on its own. it was interesting this week because in the runup to this visit, the eu pre

eunice yoon live in beijing with the latest on the proview-apple lawsuit. thanks so much, eunice.harles? >>> just ahead on "world business today," we'll give you a recap on the major stock markets and tell you why australia's foreign minister and former pm kevin rudd is stepping aside. @ so what do you think? basic. at meineke i have options... like oil changes starting at $19.95. my money. my choice. my meineke. >>> welcome back. live from cnn hong kong and cnn london, this is "word business today." >>> australia's foreign minister kevin rudd has resigned. he made the move at a hastily planned press conference. it came on the reports he was planning to challenge julia gillard from the leadership and reports she was ready to sack him. for more on the story, i'm joined by political editor hugh rimmi rimmington from the australia capital. one minute he's a foreign minister on a visit to washington, and the next minute he says, oh, by the way, i've resigned. it's very hard as an outside observer to avoid the impression that he jumped before he was pushed. >> reporter: you wouldn't wa

eunice yoon from beijing, thank you. nina. >> back here in europe things aren't getting better especially for greece. this is the size of the hole in greece's public finances discovered by international inspectors as they were going through the country's budget ahead of approving a second bailout for the country. take a look at that. stands at $20 billion. well, greece will have to find this kind of money even as it goes cap in hand to the eu and imf for more than $170 billion in bailout cash and we should remind you all of this comes as talks continue about writing down or applying haircuts to the already $130 billion that it owes to private creditors, as well. these figures are absolutely staggering, andrew. >> that is some black hole, isn't it? >>> still ahead here, a pr stunt backfires spectacularly on bmw. more on that and plus the latest on the cold snap across europe just ahead. >>> from the beaches med trainen to the french alps snow continues to blanket large parts of europe and we have a story ahead about it. >

field east of gaza city with another landing near the israeli border and a third near the city of eunice. the attacks saying they targeted sites belonging to terrorist organizations. police fired tear gas and stun grenades to disperse hundreds of anti-government protesters in the capital. the injuries were reported they seem to be minimal but witnesses saying at least one protester was detained has been on the rise over the past few weeks as the country heads towards the first anniversary of a brutally crushed protest against. i. know five newspaper journalists have been arrested over alleged payments made to police and public officials rupert murdoch the owner of news international says he's committed to keeping the tabloid newspaper the sun up and running the investigation is part of the country's phone hacking scandal that came to light last year he revealed. it was common practice to monitor the private voicemail messages of celebrities. whitney houston has died at the age of forty eight the six time grammy award winner was found in a beverly hills hotel room on saturday the performe

these monuments and architecture have earned a place on eunice caus one hundred cities of the world of great cultural and historical value and secret had one more striking example for me. please have a look at this beautiful old building it was built in the nineteenth century and it was the house of. tradesmen rise to the successful true regional museum what do you think visitors to news the north court can expect. they can expect. a very friendly. with much. sides. and that's hospitality also applies to one of ms knees most cutting edge attractions. so finally i could back up corner and turn with complete precision and that meant i was ready to head to a brand new just the landmark. so i think we've probably got the worst conditions you could possibly have for driving it's a day to be inside or at the very least walk but here in the road there is a place where you can burn rubber. whatever the weather. you're looking for me and i think. i meant let's check this place up so. i feel ok. so he works at the end ring the country's only f.i.f.a. approved motor sport circuit. all right you'r

eunice, thanks very much for that. pointing out that the airlines that are opposed to this are opposed because they say it's unfair that the airlines are being charged on emission controls in air space even outside europe. if a plane leaves from hong kong to brussels it's being charged by brussels for all of the emissions from hong kong instead of just going into european air space. that seems to be the sticking point. this will be an interesting story. it seems difficult to figure out how they're going to solve it. >> we'll see how the europeans react. maybe they can ramp up the rate from the national eu border into brussels or wherever it is. don't want to put any ideas in their head. coming up on "world business today," bucking ham palace. it is 60 years to the day since queen elizabeth ii came to the thrown. we'll tell you what the palace has planned. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place to park all these things? fug

cnn's eunice eun says he is a big hit in china. >> reporter: with his unbelievable performance on the the linsanity over the new york knicks guard is starting to spread, halfway around the world, to china. taiwanese-american, 23-year-old from california is winning over fans here in a country where there are as many basketball buffs as there are americans in the world. >> china has a very, i think, wide and inclusive sense of national identity and it embraces even a chinese-american born of taiwanese parents in palo alto who is a devout christian. >> reporter: lin shu hou garn nerd a million followers on china's version of twitter. his jerseys selling fast on a popular e-commerce site. and the harvard graduate's tongue-in-cheek video on how to get into the ivy league school has been viewed half a million times on the chinese internet, poking fun at asian stereotypes. >> step one, get glasses. >> reporter: while capturing the imagination of a nation obsessed with education and success. he proves that asians can succeed in basketball, says this fan. but lin's success here isn't a slamdun