china have hit a brick wall. why and who will take their place as the next hot emerging markets? then andrew sullivan on why he had to wait almost 20 years to get a green card in the united states. it s a fascinating, troubling story. we re also going to look at the war on drugs in mexico. could it actually be working? first, here s my take. a new poll in the united states shows that americans are still deeply frustrated at the slow pace of the economic recovery. that s understandable. unemployment stays stubbornly high. i was just in europe, and they think america is booming. consider this. the u.s. economy is on track to grow between 2% and 3% this year. in europe, by contrast, half the euro zone economies are going to actually shrink this year and not one major european country will grow over 1%. last thursday christine lagard, the head of the international monetary fund and former french finance minister, said there were dark clouds hanging over the global recovery an
states. it s a fascinating, troubling story. we re also going to look at the war on drugs in mexico. could it actually be working? first, here s my take. a new poll in the united states shows that americans are still deeply frustrated at the slow pace of the economic recovery. that s understandable. unemployment stays stubbornly high. i was just in europe, and they think america is booming. consider this. the u.s. economy is on track to grow between 2% and 3% this year. in europe, by contrast, half the euro zone economies are going to actually shrink this year and not one major european country will grow over 1%. last thursday christine lagard, the head of the international monetary fund and former french finance minister, said there were dark clouds hanging over the global recovery and that the euro zone was at the epicenter of potential risks. borrowing costs for countries like spain, italy, and greece are rising again. what is going on? didn t it look like the europeans ha
for a total of $860,000. the brother of the gunman suspected of killing seven people in southern france is facing charges. he was charged with complicit to commit murder. the apparent murderer mohammed mira was killed in the stachbdoff. tiger wins with a 13 under par winning by five strokes. those are the hid lines from cnn, the world s news leader. i m zain verjee and world business today starts now. good morning. from cnn london, i m nina desantos. good afternoon. from cnn hong kong. i m andrew stevens. welcome to world business today. the top stories this monday, march 26th. he s good at making the right calls on the markets. tim rogers will be here to tell us where he s putting his money these days. see why lung becomes hong ko kong s chief executive and inherits the city s economic problems. and a controversial drilling method is p for consideration in south africa. do the economic benefits on the other hand outweigh the environmental costs? we ll inves
they got their fiscal house in order. euro zone leaders wanted a treaty change signed by up a27 eu nations. at 5:00 a.m. in brussels, a weary nicolas sarkozy confirmed that britain was not playing ball. translator: david cameron requested something which we all considered unacceptable, namely that there be a protocol written into the treaty which enabled the uk to opt out of a certain number of rules applying to financial services. we re not able to accept that. we consider quite the contrary. so the 17 euro zone members along with 6 others in favor must now press on with what s being called an intergovernmental agreement. their goals, well, to introduce binding control on the budgets of those 17 countries, also to implement a new fund known as the european stability mechanism capped at 500 billion euros by july. to lend a further 200 billion euros to the imf with a view to supporting nations in need. and already the ecb s guidance to steer the current bailout fund, the e
two-faced. dominique strauss-kahn wants a u.s. judge to dismiss a lawsuit against him linked to a sexual assault case. the criminal charges were dropped but the accusers filed a civil case. the former imf chief claims he has diplomatic immunity when the case was filed. i m zain verjee in world business today starts next. good morning from cnn london. i m charles hodson. this is world business today. the top stories this tuesday, september 27th. at home and abroad, greek transit workers stage another strike as prime minister prepares to meet in berlin. delhi s plan to redraw the poverty line cause a political firestorm in india. a sticky situation for employers in france. workers throw out their to-do lists and find a new use for the humble post-it note. meanwhile, though, let s get straight to the stock markets in europe which are again posting strong gains in the early trade on tuesday. stocks in london, frankfort, in madrid, actually and in rome milan rather opene