horn of africa. the united nations says it has received half of the $2.5 billion it needs to tackle the crisis. china says it is slowing down its bullet trains and stopping new construction because of an accident that killed last month that killed at least 40 people. the accident was blamed on design flaws on equipment. and syrian troop efforts are growing to end the crackdown. under scored the urgency of the situation there. those are the top stories from cnn, the world news leader. world business today starts right now. good morning cnn london. and a very good friday afternoon, from cnn hong kong. i m andrew stevens. you re watching world business today and the top stories for today, friday, august 12th, four countries go to protect their banks. a short-selling ban goes in effect today. growth slows to zero. and several reasons to celebrate. a reversal of fortune for this group, whose company just announced massive layoffs. let s get straight to the mark
situation is continuing to spiral downward. the first hint comes less than three hours later. the plant s cooling systems, absolutely vital to keeping nuclear fuel containable are not working. the japanese people and the rest of the world are warned to brace for the worst. just a few hours later, at 2:00 a.m. saturday among, radiation levels at reactor number one begin to climb. by dawn, radiation levels at the plant s main gate are eight times higher than normal. a very troubling sign. 12 hours later, at 6:22 p.m., the first of three major explosions transformed three of the reactor buildings into charred hulks of concrete. hydrogen most likely generated from the melting fuel rods has built up inside the buildings and then blown up. officials say no harmful gases were released by the explosion. nonetheless work the hours later, 200,000 people within 12 miles of the plant are asked to
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