hong kong isn't there, closed today for a typhoon, all hong kong banks and stock exchanges and schoolsclosed if the typhoon comes within a certain distance of the territory. charles? >> before we run out of time, we'd like to bring you today's big number. here it is. $25 million. that's the amount of money reebok international will spend on customer refunds for easy-tone and run-tone shoes. the u.s. federal trade commission says reebok made false claims which promised better legs and a better behind. with every step. reebok claimed they strengthened the wearer's legs up to 11% more than normal trainers and tone the buttocks up to 28% more. reebok has agreed to pay up but only in their words, quote, to avoid a protracted legal battle. the company also says it does not accept the court ruling even though it's decided to pony up. that's one expensive step and it won't do much to help the company keep its finances in shape. i'd love to see where the original research on that came from and how exactly it's illustrated, andrew. we don't have time for that on the show. >> that's a great point

that's what we saw in hong kong. very much following what was beginning on in europe in just the last hour of trading today. the australian market down 1.6%. not surprising, uncertainty outweighing concern. the nikkei down 2.2% closing at 8590 yen. and that is its lowest close so far this year. take into account the march 11th earthquake. we've now reached a new low here today on the uncertainties about the global outlook, japan being such an export-dependent economy, of course. down from the start of the year to the bottom, down by 16%, charles, so far this year. >> oh, yes. not pretty. well, meanwhile, the u.s. markets remember were closed for the labor day holiday on monday. so they're playing catch up with this route right across europe and asia. and this is what u.s. futures stand in the premarket action. off by around 1.5 to 1.66%. in the case of the s&p 500, a loss of around 2%. just onmarket, things might change depending on what happens in european trading and whether this small rally continues. >> gold pric

hong kong down 0.6% and the shanghai around 2,390.es. >>> wall street kept up its buying spree on tuesday at least for most of the session. allis alison kosik has our wrap-up from new york. >> reporter: continued optimism that the european debt crisis is close to resolution sparked a buying spree. reports chipped away some of the gains near the end of the session. at the close, the dow jones 100 to end at 11190. it had been up as much as 325 points earlier. the nasdaq and s&p 500 each climbed more than 1%. >>> energy and materials shares led the rally, and most bank shares managed gains. citigroup, wells fargo and morgan stanley added about 1% to 3% on the day. commodities bounced back as well with oil, gold, copper and silver prices off with solid gains. consumer confidence edged up fractionally in september, falling short of wall street forecasts. while that didn't seem to bother investors tuesday, the survey did show americans' main concern this past month was about the outlook for their earnings. >>> coming up wednesday, the lates

. >>> cnn hong kong, the headlines this hour. em battled president says he won't step down while his rivals remain in power. he said that a general and a rival plan would have to be neutral liezed if i more transition to take place. >>> the crowd ambushed a convey of u.s. vehicles and witnesses say some people threw tomatoes. he's been a vocal critic of the crackdown on protesters. hong kong's high court granted a maid the right to aply for pe permanent residency. the decision reflects a change in policy that until now barred foreign maids from seeking residency in hong kong. >>> michael jackson's former body guard says dr. conrad murray asked him to gather up drug viles before asking to call for help. prosecutors are trying to make a case that murray is criminally responsible for the singer's death. those are the headlines from cnn. world business today starts right now. >>> good morning. this is world business today. these are the top stories on friday, september 30th. there's no respite for investors in europe as stocks head s

cnn es spanol kropt based here in hong kong. nina. >>> andrew, rebuilding and running the new libya is going to take a lot of money and it seems now some of the much needed funds are finally on their way. the british government has started delivering money into frozen at the start of the uprising in the country. the uk foreign country's secretary says they've delivered about $228 million to the central bank of libya in benghazi. the money will be used to pay the way to the public sector employees across the country such as teachers, police officers, and medical staff. >>> fasten your seat belts. when we come back, we'll show you how modern cockpit technologies have made the skies a little less safe. stay with us. rminal in hong kon. you're looking at aim fib bus assault ships. they're enjoying a bit of r & r, some 3.5,000 sailors. a little bit of money pouring in in hong kong. welcome back. you've watching westboundet today. >>> now, from ships to aircraft. when you board a commercial airplane you probably take it for granted yo

our live shot from hong kong. a warm welcome back to "world business today." >> we turn now to cnn's freedom project. a year-long effort to help rid the world of modern-day slavery focusing on something that was the end of a shameful business practice. the cocoa protocol, a deal that was supposed to end forced labor. it was a noble endeavor but many say not a successful one. richard quest reports ten years on it's still a shocking blight on the chocolate industry. >> reporter: in the film "the dark side of chocolate" we follow undercover researchers on several cocoa farms in the ivory coast. due to cameras they see children with machetes. some are held against their will and many never even get paid. >> every single time i've got to a farm there i've seen children. now, some of them may be local children. some may be the children of the farmer. but many times they are not and it's very hard to figure out where they come from and one of the clues you have is that they don't testily speak french or the local languag

welcome back from c in hong kong and london. this is westboundet. >> the australian prime minister says that she will not step down after a tu multiuse week as leader. on wednesday the australian high court rejected her plan. today government ministers were forced to pled their support for gillard following record-low numbers. the prime minister spoke to sky news reporter david spears earlier today. >> can you understand the concern of your colleagues here? under your leadership the stocks have plunged. the cabinet remains deeply unpopular and the policies are virtually in tatters. those are areas you vowed to fix. >> i'll keep working on all of the issues, but they're realizing my country's view for the future. it's raised a lot of concern in the community, but it's about clean energy jobs, it's about doing the right thing by our environment, also we get the clean energy jobs of the future. i'm not letting this country get behind as other countries seize those jobs. yes, we had a very disappointing high court decision. now we w

a filipino maid makes legal history in hong kong, possibly paving the way for permanent residency for thousands of foreign domestic maids. burma's president orders a halt to a controversial dam project. he says it's contrary to the will of the people. hello and welcome to "bbc world news" with me, david eades. also coming up in this program -- spain works towards building the first-ever old people's home for gay pensioners where occupants can feel free to be themselves. and how do you deliver the mail in a city without a map and without any street names? well, we're out with the postman of kabul to find out. >> thanks for being with us. we're going to start with that news, which has just come to us, that the defense ministry in yemen has told journalists that anwar al-awlaki, an american-born clerwhoik became one of al qaeda's most influential figures, has been killed. this report has not yet been independently confirmed. nonetheless, we obviously are working hard on it, in particular with our security correspondent, who's with me now. gordon, how much can we be sure? >> well, we can'

he at one point went from hong kong to japan to recuperate.the one that wanted to be an artist and wanted to paint. i thought about that because it must have been hard growing up in hong kong to be far away from everything and have a dream and get sick at this point. i thought u is there a story here? that's the way it begins for writers. people think things jump out and we have it in our head. it's the opposite we have nothing in our head. we turn on the machine and praying for something to come. with women of the silk i researched for 6 amongs and read and read and read. in one book i found 2 lines about the woman silk workers and knew immediately that's hai wanted to write about. it came to me like a dream that every writer prays for that you just knew you wanted to write about this. with the second book it was difficult i sat down and didn't know what i was going to write for about 6 months. which was fearful for me because of the fact i knew i didn't have the second book. steven's story, i asked myself questions. a lot of writers do that

but look at what hong kong had to deal with. we have a video coming up from hong kong just today. it has brought tremendous damages as you can see here. the effects of typhoon nesat caused strtural damage. a lot of transportation has been suspended or canceled. the storm forced people to shut schools, courts and government offices so people are trying to clear up this mess right over here in hong kong. now as you can see, it's a large storm. typhoon nesat is going to be sweeping through hainan fairly quickly in a speed of 20 kilometers per hour and then towards the gulf of tanking it will downgrade and then make another landfall in northern vietnam, perhaps friday evening. as it travels over land, it looks like it's going to be downgrading into a tropical depression. but even though it's going to be downgrading, the accumulation of rainfall is going to be staggering. we have reports of 167 millimeters in hainan, additional of another 250 in western seaboards of hainan can be accumulated. a total of up to about 400 millimeters in just by, just from this storm in hainan. and souther

to cross-talk the prospects for the global economy i'm joined by martin henniker in hong kong he's an associate director at the tight group in warsaw we have patrick young he's the executive director at devi advisors an editor of the gathering storm and in washington we cross to daniel mitchell he's a senior fellow at the cattle institute all right gentlemen this is cross talk that means you can jump in anytime you want to very much encouraging but first let's look at the fed's recent meeting at jackson hole. in the end ben bernanke is lacking an announcement that there would be further quantitative easing was so close and having there was something in it for almost everyone the fed can't tell us specifically what it's going to do because it doesn't know specifically what's going to happen so the more specific the fed makes a promise from are liable the fed does have to go back to the back later and change it because it promised us something that kept the lever on the questions behind any further action by the world's most important central bank remain and will dominate economic discu

at the close steep losses across therd boo, particularly in hong kong.an see the numbers there. the hang seng probably the worst performer, down more than 4.5%, almost 5% by the close, shanghai also taking a beating. this is one you normally see a lot of resilience for because of thigh hopes for the chinese economy and it perhaps resilience in the global situation. i think all those red arrows really telling you the story. >> let's take a look at what happened on wall street on wednesday. alison kosik is at the new york stock exchange with a full wrap of the day's action. >> stocks tumbled wednesday following the federal reserve's policy announcement and weak economic outlook. at the close the dow dropped 283 points ending at 11,124. the nasdaq fell 2%, the s&p 500 lost almost 3%. the reaction to operation twist in the bond market was immediate as long-term rates fell sharply. the yield on the benchmark ten-year u.s. treasury bond fell to a record low below 1.9%. financial shares were under pressure following debt downgrades by moody's ratings agency of

you're watching "world business today" on cnn live from hong kong and london.dfires are burning out of control in the u.s. state of texas where nearly 1,000 homes have gone up in flames. jennifer delgado is at the cnn weather center with a look at the forecast. i've not seen pictures like this in a long time. very dramatic, very scary pictures that have been coming out of texas. >> that's right. and we've been looking at this since november. and you're right, 1,000 homes since november, since the fire started burning. and right now, we still have many burning right through parts of eastern texas. you have to keep in mind over the last several day, we're talking an area just to the east of austin, texas. reportedly we've lost more than 600 homes to fires burns in bastrop county. let's give you an idea conditions. of course smoke being blown around everywhere. and the problem is we're dealing with another day with low relative humidity values and no rain in the forecast. we'll continue to see more scenes like this. as i take you back over for the area we've been

. >> good afternoon from cnn hong kong. i'm manisha tank. these are the top stories on friday, september 23rd. investors in europe take a breather after a tumultuous few days for global stock markets. >> as u.s. consumers keep their money in their wallets, the swap shop makes a comeback. >> and why the new zealand/france match is the hottest ticket in town at the rugby world cup. >>> first to the european stock market action. this is how it looks about an hour into the trading session. some of these markets recovering a little bit after yesterday's steep losses. remember these indices put in losses in excess of 4% in just one trading day alone. what we've got at the moment is the ftse 100 and the dax up about 1%. the other two heading toward red territory. i must point out that the ftse is an index that saw about $100 billion wiped off its market value yesterday when the stocks tumbled. the dax has wiped off half the gains it made since back in 2008 in just six months alone. it goes to show you how these markets have been suffering so much.

and that's our report from hong kong. back to you in tokyo, shery. >> julian, thanks. suzuki motors says it wants out of its nearly two-year partnership with volkswagen. the japanese firm announced last week that it would seek to end the union, asking volkswagen to unload its suzuki shares. >> last week, suzuki's board of directors decided to scrap the company's capital tie-up with volkswagen. due to concerns by the japanese car maker that it was losing its independence. >> translator: we thought that we had made it clear about our need to be treated as an independent company. volkswagen, however, does not seem to have understood this. if we were to continue with the alliance in its present state, there would be a negative influence on suzuki. >> volkswagen holds a nearly 20% stake in suzuki. while suzuki owns a 1.5% of volkswagen. the german car maker says it has no plans to sell its stake in suzuki. while the japanese company hopes to buy back its shares that are held by volkswagen. the companies joined forces in 2009. establishing one of the world's biggest and, the

. >>> i'm kristie lu stout at cnn hong kong. the new york police department says it is taking additional precautions after the new threat tied to the 9/11 anniversary this weekend. it includes more staffing, more bomb-sniffing dogs and checkpoints across the city. >>> the critical final report on the death of this iraqi civilian in british military custody was released on thursday. the inquiry found baja mussa was brutally beaten and possibly kicked to death to british troops while he was restrained. he was being held as a suspected insurgent in iraq. >>> interpol has been asked to issue an urgent notice for the arrest of moammar gadhafi. he's wanted for alleged crimes against humanity. >>> much of normal life has been shut down in the southwestern united states. a million people are in the dark in the states of california and arizona and across the border in mexico. authorities are scrambling to restore electric service and have not yet found the cause of the power outages. traffic signals, airports and trains and water filtrat

we're live from cnn hong kong and london."world business today." >>> now, being the boss has its perks. you can choose your own direction without anyone else telling you with a to do. but it also has its challenges. and that's especially true when it comes to your work/life balance. and if you have a family, it can be even more tricky. andrea jung is the chairman and ceo of avon. this lady says that some days the company wins and some days her children win. she says you can't have it all, not in one single day. she says you have to make a choice. let's take another look at another example here. jean jackson is the president of direct-to-consumer nike. she says it's okay to take a break. then there's this lady, the chairman and ceo of pepsico. she says that sometimes she has to call her family together and say that basically she's not likely to be home for quite a while. >>> well, the ceo of mywardrobe.com has been out of the office for a while for a summer break. she says that it's difficult to make her company appreciate tha

hong kong, big sell-off in hong kong as well. down 4.2%. the end of the day, which is always a bad sign. shanghai, the markets closed today. but there were interesting economic numbers coming out from china referring to trade. and finally, the australian index as you see, down 3.7%. that was the big mining companies on fears about the strength of the glebl economy. nina, it's still very much, it's the euro story, the u.s. is sort of off the boiler somewhat at the moment. it's all about what's going to happen with the euro. is greece going to default? will it end up outside of the euro zone? what does that mean for countries like portugal own other worrying economies. so many questions going on. investors going into bonds. that's their safe haven today. >> perhaps not greek bonds or portuguese or irish bonds, of course, andrew. >> yes. >> the issue just comes back and each time you think it's gone away it comes back again. it's amazing to think that two years on, those same questions you were asking remain unanswered. aside from watching the

i'm manesha tank in hong kong. >> i'm charles hodson in london.you're watching cnn, the world's news leader where we don't punch each other. good-bye for now. >>> good morning to you. it is monday, september 19th this. is your "a.m. wake-up call."

cho associate professor of the school of journalism and communication at the chinese university of hong kong thanks for joining us so this launch marks a big step for china's space program could you describe in a few words what the heavenly policy is and what the hopes are for it to achieve. well one of the ladies of. chinese. sent it to the. beach and this will be a once the. basic space station should be followed later by. the three. space shuttle connected to the gym goal number one the number one and it can be the beginning. instructor or chinese space industry how far behind is china when compared to the other space superpowers russia and united states how much ground they have to cover well. there are a lot of grounds. that russia and the united states have. already mastered the. space center and and also having manned. space faring in. space centers. three decades ago about china. however china has. russia and the united does not have now. a lot of investment. governments and the nation is there must be behind these efforts to mend experiments while for example we know nothing has bee

australian shares were weak with losses of miners and energy companies and a trading session and hong kong has been a console's time for. shares of russia's top search engine ganda it's the stuff with the biggest fall since listing all the nasdaq with thirteen percent plunge sent the shares two dollars below the list price for in the company's i.p.o. in may analysts say confidence has been knocked out of the company continues to lose position in its home market to google. about toplessness up in the south a with us for headline news with that coming up next. the. very first verses of the bible all human beings are created but some of it all came in god's image and it doesn't say just jews or knowledge is. sixty to seventy percent of what i did as a combat soldier an iraqi by territories was a do with the turds doing what we call making our presence felt you go out should some bozo hear a knock on some doors run to the other corner and hit another house or religion and nationalism not just judaism have been a part of the problem they've been part of what leads to. bloodshed if you want to b

all right thank you very much for your perspective dr benson wong from hong kong baptist university and. turning now to some other stories making headlines across the globe the first funerals have been held in new delhi two days after a massive briefcase bomb exploded outside the city's high court twelve people were killed in the blast dozens more wounded indian authorities detained three men for questioning in the continuing investigation into the blast the court bombing was the first major attack in india since twenty six people were killed by serial blasts in mumbai in two thousand and eight. a senior british judge has revealed the findings of his inquiry into the death of an iraqi man eight years ago muso was working at a hotel when it was raided by u.k. troops who took the man to a british base where he sustained at ninety three injuries and died six soldiers were cleared of wrongdoing at a court martial in two thousand and seven seven served a year in jail becoming the first convicted british war criminal in the military operation in iraq. the deadly legacy of war and its appallin

prior-year to the revision of hong kong to china, he served as a member of hong kong's fix it council, and for more than two decades, he served as the chairman of the orient overseas container, a major shipping company and after the version from 1997 to 2005, he served with great distinction as the first chief executive of the hong kong special administrative region. winning the election to that posed by a very wide margin. and he is no stranger to the united states. he served -- he has served as a member on the board of overseers of the hoover institution at stanford university, a senior fellow of harvard university's asia center, as an international scholar at csis, and a member of the international advisory board at the council on foreign relations. born in shanghai, he studied in hong kong and in britain, graduating from the university of liverpool, with a bachelor of science degree. he has received many honors from -- including hong kong's highest award and the honorary degree from the university of liverpool and from hong kong university of science and technology. and he is much

"hong kong is a shopper's paradise.ach time we come to hong kong, we spent about $100,000 or so," he tells us. that's about 15,000 u.s. dollars. the li family represents perhaps the most important consumer in the global economy today. the chinese middle class. a customer base estimated in the hundreds of millions with cash to spend. as growth slows in the u.s. and europe, companies are desperate for new customers. many already get a growing share of their revenues from china. last month luxury jeweler tiffany posted dazzling quarterly results helped by chinese tourists who stepped up diamonds in the u.s. but as luxury brands revel in china's newfound prosperity, further down the ladder, the environment is more challenging. >> so we're very good at selling image brands, consumer goods. we also are good at selling other types of products like certain cars. but broadly speaking, the chinese have in the mass market have their own brands, their own companies. and it's there that the western firms struggle to really penetrate

two people were reportedly killed in hong kong. the foreign minister continues to blame the violence on foreign incitement. >> amanda knox gets a chance to deliver closing arguments. she's accused in the 2009 murder conviction for the killing of knox's roommate. lawyers for the dead roommate's family told the court on monday that knox is diabolical and two-faced. >>> dominique strauss-kahn wants a u.s. judge to dismiss a lawsuit against him linked to a sexual assault case. the criminal charges were dropped but the accusers filed a civil case. the former imf chief claims he has diplomatic immunity when the case was filed. i'm zain verjee in world business today starts next. >>> good morning from cnn london. i'm charles hodson. this is world business today. the top stories this tuesday, september 27th. at home and abroad, greek transit workers stage another strike as prime minister prepares to meet in berlin. >>> delhi's plan to redraw the poverty line cause a political firestorm in india. a sticky situation for employers in france.

. >> give from hong kong. i'm andrew stevens.he top stories today this monday, the 5th of september. >> markets tumble as the jobs report is released. >>> dominique strauss-kahn is back on french soil. what does the public make of his return? >>> and it's been a bumpy ride for the u.s. economy, but coney island hopes the fortunes are turning a corner. >>> markets in europe are not off to a great start. the indices opened sharply. here is where they stand right now with heavy losses. clearly, we have a number of factors here. we have not only the u.s. jobs report, which showed jobs growth stagnating in august and markets playing catch up with the slide on the dow on friday, but the election setback for angela merkel in her home state. the euro is being hit by that. we also have the u.s. authority's suing several major u.s. banks. that takes us to the european banks which are taking a hit. let's take a look an at those, please. they are being sued by the fhfa on behalf of freddie mac and fannie mae. 17 banks are named in the lawsui

it will make its first commercial flight to hong kong on october 26th. then the battle between boeing and airbus is expected to heat up. which company will be able to fly higher and dominate the aviation industry? with another global financial crisis looming, the competition is expected to be fierce. susumu co-jima, nhk world, tokyo. >>> the japanese auto industry is on a steady recovery track. domestic output of major carmakers in august rose for the first time since the march 11th disaster. eight companies announced their monthly output on wednesday. their total is about 670,000 units. that's up 1.7% from a year ago. to motors saw a jump of nearly 12%. daihatsu, a rise of about 9%. suzuki, almost 6% increase. and mazda, a rise of 5.6%. many of the automakers say their output is returning to normal levels d t a recovery in parts sulyhat had bee haer bth mch disaster. the firms planned to hire more seasonal workers from october to boost their production. >>> the head of the philippine central bank expressed concern about the potential impact on the mergi

her combined ancestory a chinese mother from hong kong and japanese father from hawaii gave her a uniqueuch the language of threads, dreaming water and others. please, help me welcome gale sukiama. [applause] >> so that means if you have read the book you will not be buying the book? [laughter]. i'm always feel a little embarrassed because i looked back and i kept think thanksgiving book was published in 1993 who wants to hear about it now? i feel honored that we call it those in the know or good

have france islam managing director and senior holdings ltd joining us from hong kong thanks very much indeed for being here with us and a program. and as i tease people of vail and he's guess discuss the growing crisis in italy is not unique in the united states especially there's great concern over the engine of the world economy the once mighty and now shrinking american middle class that are more in crossed all coming your way at eleven thirty g.m.t. here's a preview. of the maze to discover when i got to the united states that everybody who's in the trade union is considered middle class you just mean guys with jobs that's what you mean about the variance in terrible family capital or capital gains or whatever you just need people who make money from money and people only money from work most of these middle class people make money from work and they should cast their lot in with the poor of people who make their money we can work on the point where being employed means middle class well i once. and he did i know in both once said very politically that for him working class and pe

it will make its first commercial flight from narita airport to hong kong on october 26th. then the battle between boeing and airbus is expected to heat up. which company will be able to fly higher and dominate the aviation industry? with another global financial crisis looming and with the cost of flying on the rise, the competition is expected to be fierce. susumu kojima, nhk world, tokyo. >>> the united nations says the earth's population is projected to reach 7 billion at the end of october, bringing greater challenges to humankind. the u.n. population fund says the planet's population has grown by an average of 78 million annually over the last 50 years, increasing from 3 billion to 7 billion. at a news conference on wednesday, the head of the fund's tokyo office kyoko ikegami said developing countries will find it increasingly difficult to secure food, water and natural resources. >> translator: all u.n. members must cooperate to counter problems in a world with 7 billion people. no one can live without the influence of environmental factors. >> the fund plans to hold

her combined ancestory a chinese mother from hong kong and japanese father from hawaii gave her a uniqueuch the language of threads, dreaming water and others. please, help me welcome gale sukiama. [applause] >> so that means if you have read the book you will not be buying the book? [laughter]. i'm always feel a little embarrassed because i looked back and i kept think thanksgiving book was published in 1993 who wants to hear about it now? i feel honored that we call it those in the know or good friends of mine call at this time energizer bunny. it's the book that somehow kept going all these yeersz. i will tell you up front it was a book i thought that may be they wouldn't publish. my very first book was women of the silk. i knew that i was writing about something that was a little bit different because i didn't know about the women of the silk until i wanted to write something telling their story much the second book is the test book for us writers you hear that a lot where the publishers are wondering if the author has a second book. everybody here i feel sitting here all of you have

in hong kong, 2 p.m. in london for the second edition of "world business today," 10 p.m.kyo and joined in new york. you're watching cnn, the world's news leader. good-bye for now.

companies managed to notch some gains on the cake with jake's holdings up one point four percent hong kong's hang seng is down over two percent as investors play catch up with the rest of the region after typhoon closed markets on thursday financials among the main retreat is their industrial and commercial bank of china losing over six percent. european stocks open lower the pussy is almost one percent down while the german dax is one and a half percent in the red car makers miners and technology stocks old losing ground among the poles shares in u.k. chip designer holdings down three point four percent and german car maker of b.m.w. fell four percent. and here in russia stocks declined as signs that global growth is slowing outweighed bounces in crude oil the country's biggest export earner the r.t.s. is losing just under two percent while the miles it's down almost one of the half percent now let's take a look at some individual channels on our energy stocks in the red both. losing over one percent and financials are also under pressure with as a bear bank down eleven. that diverse roles

reason hong kong got rich, they encourage entrepreneurs to try.: well, john stossel is host of "stossel" on the fox business network. is that the case, where there's less regulation like hong kong it's like that and the unemployment rate is lower? >> you bet. much lower in australia, singapore, hong kong where they make it easy to be a entrepreneur. megyn: why is it so difficult here, the lawyers? >> yes, you lawyers. no, that's not fair -- megyn: i've been out of that business for seven, eight years now. >> but it's intuitive to think that, well, we've got to make sure that they're okay, they don't cheat people. we like licensing, it sounds good. we license drivers, we license dogs. and it's always intuitive to add a little more. oh, there's a problem? pass a law, there ought to be a law. we keep adding it on. hence, regulation nation is a good slogan. we added 80,000 pages of new rules last year. megyn: government thinks it's helping, we have heard politicians talk about how government has helped create this number of jobs, and a lot of american

filipino maid has won a landmark case in hong kong allowing her to apply for permanent residency though it's a question of hong kong's immigration policy which excludes four inmates from applying for residency even though other foreigners can do so after seven years the rule is accused of being discriminatory but politicians argue it will put a strain on housing and social services the government said it would appeal the ruling. for now let's check on the latest business with. hello and a very warm welcome to the business update growing fears of the global recession are making investors pull their cash out of risk emerging markets russia is no exception with economists saying sixty billion dollars could flee the country this year this is also adding pressure on the ruble it's lost twelve percent against the u.s. dollar since the beginning of september how with the chris with the from tree could dollar believes the rubles recover is not far away. my sense is what we're seeing seeing from europe now is more of an effort at least to fix the problem for now the u.s. fed has already said it

in the majors won a landmark case in hong kong allowing her to apply for permanent residency it puts into question hong kong's immigration policy which excludes foreign maids from applying for residency even though all the foreigners can do so after seven years the rules accused of being discriminatory politicians argue a strain on housing and social services the government said it would appeal the ruling. twenty four hours a day seven days a week how well besides their feet you would update on all of our latest stories and much more including the ones that without a hitch a russian rocket saw them to the skies in the i can all call pleasure in carrying a major telecommunications act like plants. police officers that attacked by and little not in brussels after he demanded the amount of light for me i have failed for full coverage of this story is available at r.t. dot com. that's the way the news is our headline shortly before that let's get a business update with you. alone a very warm welcome to the business update growing fears of the global recession are making investors pull th

languishing millions in the sixty first position overall the rating is led by london new york and hong kong zeevi and if evaluates the quality of education here resources financial regulation the level of corruption to compile it's the tape. that's all i have for you this hour i'll be back in about forty five minutes or. twenty years ago or just country. suited. must have been a. janitor. where did it take. the moon. lead. subsidiary ablate. sublimation. accreditation free transport charges free arrangements free. free syria child free. old free lunch a lot in video for your media projects and a free meal dog hearty dog tom. if. it is easy to. please. submit to see.

steel and coal based steel our last eight percent with our financials are among the main traders in hong kong with industrial and commercial bank of china losing over five percent at. least two hours ahead of the opening bell here in moscow the russian markets after thursday's trading session on a high note the r.t.s. games over a one and a half percent and then my ex was up over two percent the sentiment was supported by germany's approval of additional funds for the e.u. bailout fund that came through douglas rolls at or allstate capital believes the market will continue the popular sense that. the market should do recover some lost ground basically on the back of a strong u.s. down and on expectations that when the e.u. ministers meet next week on monday and tuesday that they will you know agree to so much into the you know greek problem and i think that russia will in stronger today should continue you know strong into the weekend that we would expect the rueben would strengthen on the back of this the u.s. g.d.p. . the figures which would basically push up the you know the euro and and r

i feel a peano made one a landmark case in hong kong allowing her to apply for permanent residency it puts into question hong kong's immigration policy which excludes foreign made from applying for residency even though other foreigners can do so after seven years the rule of accused of being discriminatory groups politicians argue it will put a strain on housing and social services the government said it would appeal the ruling. that's the way the news exists our don't go away they will go to business day now with you via. that's right time to delve into the world of business and growing fears of a global recession are making investors for their cash brisk emerging markets russia is no exception with the column is saying sixty billion dollars could flee the country this year this is also adding pressure on the ruble it's lost twelve percent against the u.s. dollar since the beginning of september however chris we saw from trick the dialogue believes the rebels recovery is not far away. my sense is what we're seeing seeing from europe now is more of an effort at least to fix the probl

philippine air made his one allow moment haste in hong kong allowing her to apply for permanent residency it puts into question hong kong immigration policy which excludes foreign maids from applying for residency even though they other foreigners can do so after seven words the world is accused of being discriminatory that politicians argue it will put a strain on housing and social services the government said it would appeal the ruling. now twenty four hours a day seven days a week are web sites there for you with our dates on all of our latest stories and of course much more including launched without a hitch a russian rocket saw into the skies from the baikonur cosmodrome carrying a major telecommunication front light also on live view at the moments. police officer has been attacked by a misled man in brussels after he demanded that amount of white remove veil a full coverage of this story also available of course whenever you want it at r.t. dot com. and we've got some news just in for you now at nato peacekeepers have reportedly begun bulldozing the serbian roadblock in northern c

a filipino maid has won a landmark case in hong kong allowing her to apply for permanent residency it puts into question hong kong's immigration policy which excludes foreign maids from apply for residency even though other foreigners can do so after seven years the rules accused of being discriminatory that politicians argue with a strain on housing and social services the government said it would appeal the ruling. powers the news this hour here on r.t. of business now with the media don't go away. hello to very well welcome to the business update growing fears of a global recession are making investors pull their cash out of risk emerging markets russia is no exception with economists saying sixty billion dollars could flee the country this year this is also adding pressure on the ruble it's lost twelve percent against the dollar since the beginning of september well to set some much crisper the from twenty dollars is here with me in the studio thanks for joining us chris so what's driving capital outflow domestic global and it's very much globally based there is a global risk righ