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Transcripts For CNNW World Business Today 20110527

process, i m totally sure people from the armed forces had been protecting him. after that, he changed the people who were protecting him and at the end of the day i mean that he was protected by very small group of the people from his family. but we ll check everything. we ll investigate everything. we ll announce what happened in the past 16 years. u.s. secretary of state hillary clinton has arrived in pakistan, aimed at talks repairing the nations between the two countries. large parts of the u.s. had severe thunderstorm warnings overnight. two people died in atlanta, georgia, when trees fell on two vehicles in high winds. those are the head lines. i m zain verjee at cnn london. world business today starts now. good morning from cnn london. i m nina del santos. good afternoon from hong kong. i m andrew stevens. japan s auto industry stalls. honda and toyota unveil the full extent of post-quake production cuts. dollars for democracy. g-8 nations pledge to help egy

Detailed text transcripts for TV channel - CNN - 20110520:08:47:00

gap. they recently gave their growth forecasts for them. the imf forecast egypt s forecast to fall to just 1% in 2011 from a very robust 5.1% from last year. tunis tunisia s at just 1.3%. tourism ktss for 11% of its gdp. business is almost at a standstill and foreign investors say they re likely to hang onto their cash until they re confident about the security situation and political stabltd in the region. leone lakhani from marketplace middle east, abu dhabi. as egypt grapples with its funds concerns, some $4 million in the near term. our ben wedermam sat down with

Detailed text transcripts for TV channel - CNN - 20110520:08:46:00

fund appeared in court to answer charges of attempted rape and unlawful imprisonment. dominique strauss-kahn has been credited with transforming the imf and helping to promote developing economies. he was due to speak at a forum here in brussels where the arab uprising are a key talking point and how it can assist the region during ongoing unrest. leone lakhani has the story. reporter: that s welcome news for the middle east, particularly egypt and tunisia, the economies of the two north african countries have been struggling since their respective revolutions. they ve not formally asked any lending institution for help, but the country s authorities have reported immediate results saying that ll need $10 million to $15 million to fill a funding

Detailed text transcripts for TV channel - CNN - 20110520:08:51:00

according to the u.n. world tourism association, it s climbed 25% while tunisia witnessed a fall of 44%. declines that the secretary-general of the u.n. wto believes are reversible. our suggestion has been for both countries and they re quite receptive and even aware of it. you have to invest massively now in promotion. this is the time where you reassure the world who you are. it may take time. it may not pass by as soon as we think they are. there s discussion now amongst the circles that the gulf states with the oil exports and the rising price of crude should be investing more actively to get through the transition, and this is not happening yet.

Detailed text transcripts for TV channel - CNN - 20110520:08:50:00

but this is a long-term process as you very well know. first of all, we have to guarantee a fair trial of those people. a fair trial in front of the national judge because these are the laws, kangaroo trials and so on, you ll get nothing. in the long run, was the revolution good for the economy? absolutely. absolutely. you will live and see. and i bet on that. i bet on that. this revolution has done what my generation has not been able to do in 30, 40 years. they did it in 18 days. they ve transformed the rules of the game. egypt along with tunisia relied heavily on tourism to bring in revenue. they re also busy trying to bring back international tourists, mainly from europe.

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