muifa continues to aim for the coasts of china. could be getting closer to shanghai. we'll keep an eye on its progress. meanwhile ahead of that is dealing with plenty of rain in the area of eastern china. we still have this stubborn frontal system. it's going to be another wet day here. showers across this entire area. rainfall amounts to add up more in parts of central china. watch out for flooding as well as landslides. japan, too, is going to be equally unsettled today. yet another day of changeable weather with scattered showers definitely possible. in the southeast, plenty of showers for the philippines as well as the indochina peninsula. and rainfall amounts adding up here. watch out for flooding and landslides here as well. highs on tuesday looking at 28 in tokyo. 29 in seoul. gets up to 33 in shanghai. and hotter in taipei at 35. for the americas, a lot of tropical activity going on in the south. we have hurricane eugene continuing to head away from land. but mexico, caribbean islands, up towards the gulf coast states too we're looking at scattered showers and

and this will be typhoon muifa maintaining its strength. it's still a very strong typhoon packing winds of well over 160 kilometers per hour. it is currently heading northward but it is looking like it's going to be veering towards the west over the next couple of days. and it will start impacting the okinawa islands. first, stormy conditions will start up here. the high waves, you will start feeling them as early as today in towards even wednesday, thursday, friday, whether eathe also going to start turning stormy. watch out for those strongs winds and winds. muifa continues to head toward the west, likely aiming for the coast of china. could be getting even close to shanghai. we'll keep a close eye. a little too early to tell. keil keep an eye on its progress. >> ahead of that -- already deal with plenty of rain in the area, eastern china into the korean peninsula. this starborn frontal system. rainfall amounts looking to add up a little bit more in parts of central china. so you want to watch out for flooding as well as landslides. japan

. >>> tropical storm muifa is expected to make landfall monday night. state-run media says authority's prepared by canceling flights and ordering boats to stay in port. more than 600,000 people along the coast have fled their homes. >>> scotland yard says it has excellent surveillance video that can help authorities sort out saturday's rioting in london. 29 police officers were hurt following a report that man was shot after he was stopped by police. there were more disturbances sunday night but it was more described as sporadic looting. those are the top stories on cnn. i'm monita raj pauchlt "world business today" starts right now. -- captions by vitac -- www.vitac.com >>> good morning. from cnn london, i'm charles hodson. >> and a very good afternoon from cnn hong kong. i'm andrew stevens and you're watching "world business today." the top stories on this monday, august 8, asia slumps but europe holds its ground. is it enough for investors? >>> they're defending igts apparent reason but critics are not con o vinced. >>> and from washington to main st

. >>> okinawa in japan has been visited by typhoon muifa. the cyclone dumped heavy rain across the region. it is now a category 2 storm moving west. those are the headlines from cnn, the world's news leader. "world business today" starts right now. >>> good afternoon, from cnn center hong kong, i'm andrew stevens. >> good morning from cnn london, i'm nina dos santos. >>> fear and uncertainty flood the markets and the losses are piling up around the world. >> the u.s. recovery already on shaky ground, investors brace for the latest set of u.s. jobs figures. >>> okay. let's get straight to those numbers now. in europe, where trading has been underway for just over an hour, this is how things are looking at the moment after yesterday's wipeout on wall street. the european markets are heading for another dismal day, though they have come back from some of their earlier bigger losses this morning. let's not forget that the leading european indices lost between 3% to 4% yesterday. this is a follow-up. the fatcy down by 1.71. german stocks town by

and that's due to tropical storm muifa. still with us packing winds of 65 kilometers per hour. moving 35 kilometers an hour in a northeasterly direction. it is expected to weaken to a tropical depression this afternoon. then a low pressure system. but it will remain a fairly strong system, so a heavy rain will continue to impact this region northeastern corner of china, southeastern russia as well. winds today could reach the northern end of japan by mid-week. down towards the south, south korea looking showery as well. high pressure system over the region pulling in lots of moisture into the peninsula here. also in eastern and southern china looking unsettled over the next couple of days. meanwhile, japan will stay in the dry intense sunshine. today just a couple of strong thunderstorms to watch out for up in the mountains here. the temperatures again exceeding 30 degrees in many areas. today tokyo coming in at 35. sapporo 30 degrees. heat advisories have been issued many areas. 30 degrees in seoul today. 35 in beijing. it stays hot in chongqing at 37 degrees. now heading towa

and that's due to tropical storm muifa. still with us packing winds of 65 kilometers per hour. moving 35 kilometers an hour in a northeasterly direction. it is expected to weaken to a tropical depression this afternoon. then a low pressure system. but it will remain a fairly strong system, so a heavy rain will continue to impact this region northeastern corner of china, southeastern russia as well. winds today could reach the northern end of japan by mid-week. down towards the south, south korea looking showery as well. high pressure system over the region pulling in lots of moisture into the peninsula here. also in eastern and southern china looking unsettled over the next couple of days. meanwhile, japan will stay in the dry intense sunshine. today just a couple of strong thunderstorms to watch out for up in the mountains here. the temperatures again exceeding 30 degrees in many areas. today tokyo coming in at 35. sapporo 30 degrees. heat advisories have been issued many areas. 30 degrees in seoul today. 35 in beijing. it stays hot in chongqing at 37 degrees. now heading towa

let's first talk anti phoenix muifa. we have a video from the islands. let's take a look at this first. the strong winds up to about 60 kilometers an hourcy affecting the okinawa i land. waves up to 11 meters high. stormy weather will be continuing into tomorrow. you can see that the rain is horizontally falling and pulling trees from the concrete. what a picture. if we pull back into our progress of this system, this is a strong typhoon, which will be keeping its intensity. and as it reaches bow high, it may become a tropical severe storm. it will be weakening into next week, but still will be affecting taiwan and eastern coast of china with showers and stormy weather into the weekend. and torrential rain has been already falling in okinawa islands. this is a picture of the next 48 hours, but in the past 24 hours in nago city and okinawa, we've already seen 290 millimeters in the past 24 hours and an additional of 300 millimeters will be seen in mainlands of -- main island of okinawa. in southern kyushu, we'll be seeing another additional of 200 millime

typhoon muifa has reached china hitting the east coast with high winds and powerful waves more than two hundred and eighty thousand people have been evacuated to safety and to coastal provinces severe damage is expected and emergency crews are on the stand by the storms have already wreaked havoc through the philippines taiwan and japan. next week travel thousands of kilometers east of moscow but millions of years back in time. and now we're in the far eastern are more reaching its rich geology has an abundance of precious sun valuable metals which is driving its industrial expansion but artie's alice has met one team whose treasure lies not in gold but in bones. this week the russia close up team is coming to us all week from the far east and more region now for many this region's distinctive jews who its proximity to china and its smallest reserves of woman cereals and natural resources but the one paleontologist and his team it's the ancient dinosaurs discovered deep within the ground here that will put this region firmly on the map. u.-t. beloved ski is a man obsessed with the promi

typhoon muifa on its way to china leading to more than two hundred eighty thousand people to evacuate to safety into eastern coastal provinces the storms have already hit the philippines taiwan and japan severe damage is expected thousands of fishing boats have been called into shore and emergency crews are on standby. and next week travel thousands of kilometers east of moscow but millions of years back in time. today were the far eastern eye wall region has rich geology has abundance of precious and valuable metals which is driving its industrial expansion rocky's alice here has met one team whose treasure lies gold plated bones. this week the russia close up team is coming to you all week from the far east and more region now for many this region's distinctive juice to its proximity to china and its reserves of war materials and natural resources but for one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the ground here that will put this region firmly on the map. you need a lot ski is a man obsessed with potholes a bygone age when dinosaurs

typhoon muifa has swept past shanghai and is continuing its way north along china's east coast there are no reports of casualties as they have rain soaked the city but about four hundred thousand people have been evacuated to safety as a port of braces of sell for the storm air travel over eastern china was disrupted overnight but it's getting back on track. now hardline muslims of britain have had enough of living with london's party lifestyle and they're now trying to enforce strict sharia law for abstention to amputation artie's lore and it's been hearing how they want to instill their tough code on the capital. so we are here to tell you that. it is unstoppable in europe stoning for adultery cutting off hands for stealing death of renouncing islam this group of men is trying to enforce shari'a law in the u.k. they've started a campaign to make certain areas of london and other cities islamic law controlled zones starting with wolf the east london to become on the good of being evil because i knew someone who tried to to the muslim of the whole muslim community also looking to bel

we'll keep you posted on muifa in future days. guys? >> okay, ivan.ew imf chief has chilling words if the united states. she says the world's confidence could be slightly eroding. then we'll speak life with analyst luis cooper. >>> from cns hodson. >>> and i'm andrew stevens. by victoria harbor here in hong kong. welcome back. you're watching "world business today." >>> the hard bargaining is now over, but now it's all about getting votes. even as u.s. president barack obama was announcing, he was -- sorry -- announcing, he and congressional leaders had reached a deal to reach the nation's borrowing limit and slash spending, house speaker john boehner was trying to convince house members to actually support it. now both houses of congress are expected to vote on it on monday. there's a live picture of capitol hill. the bipartisan committee will also be required to come up with another $1.5 trillion in cuts. it would also lift the government's borrowing by $2 trillion in two steps. >>> long-term damage may remain. the once unshakeable faith that the wo