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lie. the bulk of the world s cargo trade to europe, to africa, middle east, japan and south korea and china goes through the various straits. these countries dominate. and by the way, bill, this isn t a new problem. the united states has dealt with this before. after the spanish american war when we took the philippines from spain, among the toughest individual enemies we ve ever faced in the u.s. army and u.s. military part from the apaches with the muslims and in the philippines. they were so ferocious, it was trying to knock down a meth head. we had to develop the famous .45 caliber pistol to shoot them down attacking us. we ve been there. bill: to the original point about isis in syria and iraq and mosul and raqqa.
gadhafi. they say they are on the verge of taking the port city of sirte. a spade of killings at a port on the mekong river has interrupted cargo trade between children that and thailand. at least 12 sailors were murdered in what may have been a drug traffic attempt. investigations are continuing. severe weather in new zealand is hampering efforts to corn taken an oil spill off the country s north eye land. authorities are trying to pump the remaining oil off a ship that struck a reef last wednesday. 30 tons of oil has leaked from the vessel. those are the headlines from cnn, the world s news leader. i m monita rajpal. world business today starts right now. good morning from cnn london, i m charles hod southern. and good afternoon from cnn hong kong, i m andrew stevens. welcome to world business today. the top stories monday, october 10th. bell jen bank agrees to its bailout. are more bank rescues on the way? and weather hampers efforts to contain an oil spill