egypt s lower house of parliament will convene its first session since the fall of hosni mubarak nearly a year ago. italian officials say search and rescue efforts will continue on the costa concordia but also say the environmental risk is becoming urgent. rescue divers found another body on the cruise ship sunday, bringing the death toll to 13. 19 people are still missing. those are the top stories from cnn, the world s news leader. i m zain vergee and world business today starts now. good morning from cnn london, i m charles hodson. this is world business today. top stories on monday the 23rd of january. research in motion s co-ceo steps aside. and greece, are debt talks growing on? and kim dotcom is back in court. the two chief executive officers of research in motion have resigned. the company s share prices scraped lows we haven t seen since 2004 after a series of missteps angered investors. ramy inocencio, our asia business analyst, joins us with the lates
takayama would have had fruit thrown at him the athe press conference. the headlines would be idiot, liar, fool. how could he have said these payments were appropriate and good value? but he stays. mark woodford going down fighting. the news hasn t hurt olympus share price. it was up by 2.25%. if you look at the longer term, it has a long way to go before it recovers its huge losses since the scandal broke just under three months ago. one stage down more than 80%. still down by more than 40%. charles? just ahead on world business today, as western powers increase the pressure on iran to try to limit its nuclear program, the country is playing its next strongest hand. we ll assess what threats a blockade could mean for the
yes, charles, as you pointed out on that chart, iran is second only to saudi arabia in opec s list of oil-exporting nations. a restriction on its supplies could send prices which are already about $100 a barrel, even higher. with a somewhat battered and bruised global economy at the moment that could threaten any recovery. we have a senior research analyst. he jones us now. let s start off with a nightmare scenario of a closure of the straits of hormuz. how likely is that? very unlikely. that could have catastrophic effects on the global economy. you d see oil prices strike above $200 a battle. it was cause a global recession. for iran, it would close off
car. in india big is beautiful and the suv is king. at least that s what carmakers hope. new delhi s auto expos opened on thursday. the message was clear, size does matter. this is being offered, the safari storm. the nana didn t take off in india as the company hoped. nissan unveiling its own suv, the avila at the five-day show. they expect suv and van sales to triple by 2020. this is how ford is hoping to increase its own market share with the eco sport compact suv. charles? now, ford sold 96,000 vehicles in india last year, up from just 29,000 in 2009. if you think about that, that s tripling its sales. it s also opening dealerships at a rate of one every ten days.
i m andrew stevens in hong kong. and i m charles hodson in london. interesting story about the titanic. perhaps we ought to wish them well. the news continues at cnn and world one is next. onon my jou, i ve learned that when you ask someone in texas if they want big savings on car insurance, it s a bit like asking if they want a big hat. . scuse me. .or a big steak. .or big hair. i think we have our answer. geico. fifteen minutes could save you