ramy inocencio, our asia business editor. charles? >> thousands of people took to the streets of the spanish capital sunday marching against new laws they say make it easier for employers to dismiss workers. the new laws go into effect against a backdrop of rocketing unemployment in the country. almost one in four people in spain is out of work. nearly half of the country's young people are without a job. from mad drinks al good man has more. >> reporter: the first big union protest against the new dv government since it took power two months ago. they're here especially to protest against the labor market reforms which make it easier and cheaper to fire workers. the government says the labor reforms are needed to help create jobs and simulate growth and reduce spain's nearly 23% unemployment rate. >> translator: we don't think that. we think unemployment will increase because these reforms directly attack the workers. >> reporter: there are 5.2 million spaniards unemployed. here is one of them. are these government reforms going to h

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that was rami al-sayed's last video. he was killed yesterday telling the story of homs. in afghanistan, anti-american protests are only growing after copies of islam's holy book, the koran, were burned on a u.s. military base. we asked david martin to tell us how it happened. >> reporter: helicopters resorted to flares in an effort to intimidate a mob of afghans outraged at the burning of korans by allied forces. it had been a mistake, but the site of a charred copy of islam's holiest book was, a spokesman for the international command admitted, a terrible insult. the protests broke out after korans and other religious materials had been confiscated from the library in the american-run prison at bagram air base, allegedly because prisoners were using them to pass messages to each other. then in an act of either stupidity or carelessness the korans were treated like ordinary trash and sent to a burn pit. afghan workers quickly stopped the burning and smuggled out at least one of the singed korans, setting off protest which quickly spread to other parts of the country. in

look at i to go back to rami and in cairo i started out the program saying how disappointed i am but i expected that the western powers wouldn't like to call what's going on in in syria's civil war because it has a very important political and geopolitical and clip implications but let's talk about another thing that western media and politicians don't like to talk about it and it's the the sectarian strife there i mean this is about you you said in the first part of the program about defectors most of them at least i've been told are sunni what does that tell you. not actually the case of the country as cindy is so you would see a majority of defectors being cinese we've seen otherwise we've seen christian defectors that's actually not the case but what you have in syria now is the government basically portraying the sectarian violence and that's sort of provoking both sides what you're seeing is in the army i have to be detailed about this in the army with mobile phones only the allies are allowed to carry those mobile phones and only they are allowed to film themselves basically u

no claims that this problem to people so no fly zone just seems a political pretext to invade to me rami abdelrahman and the original syrian observatory for human rights group is against that that there was split and they said we don't support a no fly zone they said that to me and so on so forth so these these two sides these two groups they both seemed to although they denied direct links to different factions of the opposition they seemed their position seems to line up how willing has the foreign media would you say been its consumption of the figures published by the zawi group a lot of the mainstream news channels were taken in by as area and he's appeared on the b.b.c. and he's appeared on zero english and c.n.n. and probably others. as a spokesperson for the observatory although he rarely have direct lines group says he was never a spokes person for them his kind of narrative which has become increasingly shrill working it plays into the narrative of a we need to do something we meaning you know the west or the british government or the american government or whatever we need to

slightly higher than the original observatory's groups the syrian observatory for human rights led by rami outdoor and makes a point to be they say you know they're independent right and that they record all deaths whether they're soldiers syrian soldiers loyal to the regime or the defectors or their protest. this where as. now as i read scoop printed as well but their figures for the number of. military dead are much much lower. there seems to be you know a certain agenda there behind it all seems to me basically. although both sides deny differences in in military intervention essentially in political differences there is different trends in the syrian opposition mainly between people who support outside intervention and the protestors who don't so you've got groups like the syrian national council which are now openly in favor of a no fly zone which to me seems ridiculous because you know there isn't any even claimed that i know of. the syrian regime for all its many crimes there's no claims that it's bombed people so no fly zone just seems a political pretext to invade to me rami abdel

ramy inocencio joins us with more details. what's going on? why is china remaining so attractive? >> andrew, it's not so much what's happening in inside china per se as opposed to what's happening outside of it that's impacting this inward investment we're seeing. first, the details on that latest fdi number. it fell to $9.9 billion in january. a year ago that was $10 billion. taking a look at the year-on-year bigger picture, that was the third decline in a row. now, the reason for this latest slowdown, though, in fdi and perhaps it should come as no surprise, it europe's debt problems. fdi into china as it turns out, from the european union fell 40% year-on-year to $450 million. interestingly, fdi from the u.s., well, that turned out -- it actually rose but wasn't enough to offset the fall from inward investment. the investment was just about 30% to just under $350 million. still, the commerce ministry says the outlook for 2012 is, quote, unquote, grim, suggesting it, like many other folks, don't see a quick resolution to the dets crisis. >> china's holding of u.s. debt over the

ramy inocencio, thanks for that. asia business analyst in hong kong. >>> what better wa i -- way to spend valentine's day than with your trading partners in china's case? stay with us here on cnn. >>> welcome back to the show. i'm nina dos santos in cnn london. let's take another look at how the european stock markets are faring. we're about 90 minutes into the trading session today. as you can see here, we are seeing a sea of red. this is largely thanks to moody's decision to downgrade six european countries and put another enormously important countries outside the eurozone and inside the eurozone like the uk, france and austria on credit watch negative which means they could be earmarking them for a downgrade. that's got the likes of the too ftse 100 down by 0.3%, the dax down 0.1%, faring slightly better than the other european markets. the cac 40 being weighed down by the french sovereign rating as well. that market down by nearly 0.5%. britain's finance minister has given his reaction to moody's warning the uk

ramy inocencio, thank you very much. charles?>> let's circle back to that political storm i was telling you is already breaking in the press. and that is on the news that the royal bank of scotland has dealt analysts and indeed others a brig surprise. britain's biggest state-owned lender just reported a loss of 2 billion pounds as i mentioned, more than $3 billion for 2011. that is nearly twice as big a loss as expected as the eurozone debt crisis put pressure on the investment banking arm and there were other payouts i mentioned, too. in a move to placate the public, it cut the bonus pool for its investment bankers, despite the fact that they weren't doing nearly as well as they did in 2010. that pool was shunning en to $390 million -- sorry -- 390 million pounds, that's $612 million. that's less than half what it paid out the previous year. rbs cut those by topping out pay and benefits by about a third. it really will be a storm in light of the redugsed profits from that part of the bank, pauline. >> charles, staying on the the

ramy inocencio has been following the story for us. he joins us now. what is that deal? >> a lot of people in tinseltown are happy, even pretty animated over this deal, including china's vice president, xi jinping. this joint venture involves two chinese state owned media firms, one called the shanghai media group, another is china media capital, a fund that backs the chinese entertainment industry and the third entity is one that many people also know, the u.s.'s own dreamworks animation. dreamworks as you know, does this. >> you guys, did you see that? >> dreamworks is popular for family animated flicks like this, including madagascar and a host of other movies. this deal will be stretching over the next five years, the amount coming in at $2 billion. that's more than 10% of california's $1.9 trillion economy. the main plot of this story line centers around the construction of a brand new studio that will be based over in shanghai. its focus will be to help china's growing film, television and life stage industries. >> it sounds like it's a good deal for china, they ge

ramy inocencio has been looking at these bond markets for us.hey are quite sensitive to what's going on in the eurozone. what's it telling us? >> the biggest movement i want to tell you about is the rally in the euro we saw over the course of the day. in the first 15 minutes afterward came out right here, the euro actually popped half a percent against the u.s. dollar. that's as investors bought into it, just under if $1.33 market. it's since pulled back at about 1.3268. we're looking at a three-month high against the japanese yen. one analyst i spoke with said the euphoria can be short lived and if the euro can't rally, the long-term strength will begin to look a bit questionable. when markets open in europe, we didn't see any further europe purchases. this rally could be short lived. getting on to the greek bond market as you were mentioning, in addition to the euro, the greece's benchmark ten-year bond rose by 1.1% on news of the bailout deal earlier today. basically this means, of course, it will cost the greek government more to borrow mone

. >> the french photographer remi ochlik was also killed and the syrian video journalist, rami al-sayed. their deaths were a reminder that scores were dying every day. the white house spoke of shameless brutality and syria. such words are welcome in homs but you must move quickly, begs this activist. the british photographer was injured. there are efforts to get him out with a wounded french journalist. the ferocious bombardment is making that difficult. the international committee of the red cross has called for a humanitarian cease-fire for all the victims of this conflict. the international community has often seemed paralyzed over syria. the demand for cease-fire might attract support from even those nations which backed the regime. with bombs continuing to fall, the question is whether the syrian government is listening. >> a big question in deed. marie colvin was something of a legend among war correspondents. described as one of the most talented reporters of her generation. today, a tribute poured in from colleagues who remembered her courage, her humor, and her style. >> marie

yes i do you know rami makes a good point that things are really bad right now there is a lot of violence going on and i want to make it clear i don't think concern for what might happen after the regime should necessarily be a reason to say we're going to wash our hands of the whole affair but what i what i do think needs to happen is a realistic assessment saying ok if the regime falls can it be worse than what's going on right now. and how how can the world be involved at this point don't wait until it's too late to see that it doesn't indeed get worse i think there needs to be a really proper realistic assessment done of how to help the situation after the regime and how to be involved and i'm going to tell you here gentlemen we've run out of time in the can we be very nice if the international community would talk to all syrians and see what they want many thanks to my guest today in washington london and in cairo and thanks to our viewers for watching us here are to see you next time and remember talking. to you. want. to be so much brighter if you move. from science to aggression.

episodes i think it is a form of sadism because it certainly doesn't make any economic sense just like ramy v s it would be like just having his liver not reconstituted and eaten again which is how the greek myth goes for no other reason just and then just to make him suffer well that's what's happening with the greek people they call this is the second austerity package by the way the first one it was a blazing six as i'm joking about that of course i think their tax receipts spells on they like eighteen percent their work hours actually now exceed the us and brits which are used to be the most hours work in a year and for that they get rewarded with more austerity and higher taxes if their economy is only contracting so it's plain to see incurably that this program must guarantee is only going to inflict pain it has no chance of rescuing the greek economy i think that may be the only candid reason that i have found so far for why they're doing it which is to say it may play to an electorate in germany but i'm not even convinced of that i mean the people they are think are also worried and

abu rami is on the phone. we appreciate you so much calling in.describe the scene for us right now in homs? >> okay. i'm glad to have the opportunity to describe to what you we are facing here in homs city and in the area in general -- in particular, sorry. will city is under she willing for the fourth day in a row and no one knows nothing from else because the regime are cutting off the city and every kind of connection. all of this kind of connection. the situation here, the explosions every five minutes we have at least three explosions. they are targeted, she willing m far distance, using many kind of weapons. they are -- we have more than 60 people killed. five children are infants. they were killed because -- the conditions of medical is so bad, too. yesterday they targeted the hospital and they killed three doctors of this hospital. so it is very difficult to rescue these people. we have limited supplies. more than 100 wounded people. we can't rescue them or give them any necessary assistance. >> abu, let me ask you about some particulars.

ramy inocencio sat down with the editor for his reaction about today's china 2030 report from the worldand sounded him out on what it could take for china to invest in europe. >> reporting about the china 2030 report, basically the world bank is saying the china free up your economy or else. what do you feel about this? >> i think it's interesting, not left, because bob zoellick. i think it's a message from someone who has sympathy for what china is trying to do. you have a state capitalism. in a way it's saying don't forget about the washington consensus of privatization. don't forget about the economic freedom and what those can bring. i think actually the message is right. >> what is the one most important thing that china can do? >> the one most important thing from an economic point of view is to move more towards that consumption model. i think in general terms what china is doing is the correct thing. it is powering ahead in the world economy. we're not one of those people, this comes through very strongly whenever i go to america, we're not one of those people who see the world

and rami al saeed the syrian cameraman who recorded much of the violence was killed by shrapnel earlier news at 10 last night marie colvin talked of the horrors unfolding in baboramah. >> i think the sickening thing is the complete merciless nature. they're hitting civilian buildings absolutely mercilessly and without caring and the scale of it is just shocking. >> i don't remember marie ever saying that somewhere was too dangerous for her to go to. think the line for her was a lot further than it was for other of us. >> reporter: in baborama where they have mourned too many dead there was this evening a desperate plea for help. >> we are pleading. no one will help us. all people see and know what we are suffering. but no one helps us. no one cares. >> reporter: tragically marie colvan a reporter brave enough to help convey that message to the world was killed as she worked amid the ruins. >> woodruff: and to a graphic account of the battle for homs, now in its 19th day. a french photo-journalist known as manny has lived and filmed inside the besieged city for the past month. his footag

. >> you know, ivan, another person that died yet was the syrian blogger rami el syed. you spoke with him recently. >> that's right. this government he was calling for a way to evacuation women and children, and trying to draw national attention to the horrific situation. then we learned last night that he is yet another victim of this indiscriminate syrian artillery bottom partment, i'm going to warn viewers, the video that was filmed of loved ones gathered around his corpse, it's disturbing to watch. this man had helped put out many other videos prior to that, documents atrocities in syria. he managed to get live images of day after day of the syrian bombardment of homs, and it's people like him who had been documenting the human rights abuses, syrian activists putting their lives on the line and smuggling video out over enter net over the course of this 11-month crackdown that's claimed by conservative estimates more than 7,000 lives. these are very brave people and they are paying for their activist work with their lives, wolf. >> ivan watson on the scene for us, al

rami was killed yesterday in the heavy shelling of homs. his death came as he was trying to help a family flee the bombardment. >>> in afghanistan, a deadly day. after began owe kwigss say five people were killed, four by police who opened fire on the demonstrators. some copies of islam's holy book were burned by mistake this week at the air field. the u.s. commander of nato forces in afghanistan issued a formal apology saying in part the incident was an error and immediately stopped when discovered. >>> the political spotlight is on arizona tonight as the republican contenders for the white house square off in a debate sponsored by cnn. with his surge in the polls, rick santorum could be the main target by his rivals saying that satan is waging war against america. here's what he said about it yesterday. >> i'm a person of faith. i believe in good and evil. and if you're a person of faith and believe in good and evil as a disqualifier for president, we're going to have a very small pool of candidates to run for president. >> you can catch

daroon rami is accused of streaming a sexual encounter of his roommate and another man. said he wanted to make the web stream seem like it was an accident. that witness is being cross- examined by the defense today. he is charged with invasion of privacy and biased intimidation. >> tori: 10 minutes before 8:00. the damaged costa alegra cruise ship is now being toed and is not expected to reach the islands until thursday. the costa alegra is part of the same cruise line as the costa concord ya, the same ship that ran aground last month leaving people missing. it has 600 passengers and 400 crew members, there is no air conditioning on board so the passengers are assembled oh spending most of their time on the ship's outside deck, even sleeping there. >>> this morning san francisco supervisor scott weiner will introduce two bills in support of food trucks. one would allow mobile food vendors in the city to sell food within a block of middle and high schools. currently, city rules ban them from operating within a three- block zone. supervisor weiner will also introduce a res