elinda labropoulou, all eyes are on the greek banks to see if they reopen tomorrow tuesday. we ll see if that happens. elinda labropoulou live for us in athens where it is 10:00 many the morning. 8:00 in london and the european markets are opening and we ll get a sense of a possible contagion. we have been warned it might happen on the european markets. nina has the markets behind her. takes through it nina. a sea of red. but these losses aren t quite as pronounced as some people might have feared. before we got the first settling figures of the markets, we did have the key eurozone markets in france and germany down in excess of 2.5%. but they have settled only down around 1.6 to 1.8%. that is not as much as some people might have expected. why? it may be because of this decision by the finance
of a vote in which she s running for a parliament and says she is encouraged by the rising political awareness of the people of myanmar. and audits of apple s largest supplier in china found a long list of workplace violations i including failure to adequately pay for overtime hours and the lack of true union representation, foxconn says it will bring itself into compliance within the next 16 months. much more ahead on cnn. world business today starts right now. good morning to you out there from cnn london, i m nina dos santos. an audit outlines failures at foxconn. so will factory reform there s signal a change for the industry? labor laws are also in the spotlight in spain today. austerity protests turned violent. and a story that s the talk of the town here in corruption-conscious hong kong, billionaire brothers have been arrested into a probe in alleged bribery. just an hour into trading here in europe, and look at the turn of events here, after spending a
taxpayers have been unfairly labeled as lazy. and the criminaled cruise line is pushed finally pulled into port. we re live in the seychelles for that. first up, let s get straight to the european stock market action. these markets have been open for the best part of just over an hour. this is how the indices are performing. a little die cot many between the two eurozone markets. the cac is trading down about .25%. ftse 100 up. what has got their attention. ben bernanke s comments are weighing heavily on sentiment not just across europe but also across the world markets as well. this is because he s offered a down beat assessment of the recovery. it is one of the things that has these markets pausing for the moment. european leaders and finance ministers are also in brussels today. over the next two days to come. what they ll be doing is hosting a series of summits designed to strengthen the region s finances and also to prevent another greece-like situation from happenin
journalist from the daily telegraph joins us from kabul with the latest. what s happening today, and could this escalate? well, it seems to have already escalated. today s protests seem to be more violent and more furious than yesterday. there are several hundred people on the eastern side of kabul trying to get into the city center. they ve burned shops. there are reports that shots have been fired in the air to try to stop them. there are also protests in the eastern city of jie lal bad, where a dr. told us that one person has been shot dead and ten wounded. so it is escalating already. ben farmer from the uk s daily telegraph. thank you. kevin rudd has resigned as australia s foreign minister. he made the announcement as a hastily convened press conference in washington. he told them he would not be involved in a, quote, stealth attack on a prime minister. there had been speculation that rudd was trying to challenge julia gillard for leadership amid reports she w
tans movement. an indonesian man accused in making the bombs in the 2002 bali attacks is set to make a plea this monday. he could be handed a death sentence if convicted. 2002 people were killed in the bali bombings. at least 44 min mates are dead after a prison riot in new mexico. rival gangs were fighting in the prison and at one point inmates took a guard hostage. australian prime minister julia laggard says she will survive the office. australian media report the former prime minister says a leadership challenge is, quote, not in the prospect. those are the headlines from cnn, the world s news leader. i m zain verjee and world business today starts right now. good morning from cnn london. i m charles hodson. a very good afternoon from cnn hong kong. i m andrew stevens. today s trade deficit hits a record level. what s behind these numbers? natural disasters for one. europe s finance ministers hope to settle difference this is monday as they meet once again t