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 latest. what's been oing gone there and what's the purpose of this move, ramy? >> it's a huge reshuffle, of course, that's in motion forever the maker of the blackberry. rim says this leadership change is effective immediately. so what does that mean? a co-ceo mark lazaridis will become vice chair of rim's board and co-ceo, jim balsille is resigning as well. they'll be behind thorsten heins. he will be ceo and president. he's been with rim since 2007. most recently he had been its chief operating officer taking care of the company's global blackberry smartphone portfolio. he was with siemens before that. he worked with that company for 20 years. he is originally from germany. looking ahead, it's likely most stakeholders will be happy with this change coming in. many analysts say it might be too little too late to turn this company around. its stock has lost 71% of its value since january 1st, 2011, because of major product setbacks. charles? >> that is actually spectacular. tell us, in a bit more detail, what's gone wrong for the company. >> in 2011, critics might say rim's answer to competitors fell short in a number of categories, in quality, availability and profitability. for example, blackberry's operating software has been criticized as being ancient. also as uncompetitive with the software from apple as well as android. rim's answer to that is the blackberry 10. that was supposed to debut earlier this year but that launch has been postponed to the end of the year. also, the blackberry playbook was released last april. it didn't have basic e-mail or a lot of apps. rim had to cut prices to the point where they were hardly making any money off of that at all. because of these setbacks, rim has been losing market share as well as stock price of value. for example, in the u.s., in the third quarter of 2010 rim had a 24% share of the smartphone market there. a sizable hunk there. in the same quarter for 2011 that dropped just down to 9%. also looking at rim's performance over the past five years, it hit its all-time high around the middle of 2008. that's coming in at $147 on june 19. of course, it did take a major hit because of the financial crisis, like most other stock, it did rebound in 2009. but as you can see, didn't recoup any more than about half of its 2000 high and in 2011 it's been on a downhill slide and right now it's just $17 a share. charles? >> thanks, ramy. co-founder of mega upload has been remanded in custody in new zealand. kim dotcom, that really is his name these days, was arrest on charges of piracy, laundering and money racketeering. they're accused of cheating copyright holders out of $500 million. this is what megaupload.com used to look like when it was one of the most popular sites on the web. this is what you'll see if you type in the url today. after u.s. authorities shut down the site. kate lynch has the latest developments. >> reporter: accused of money laundering, racketeering and copyright piracy. lawyers for the king pin and his colleagues came out fighting. >> mr. dotcom emphatically denies any criminal misconduct or wrongdoing and denies the existence of any mega conspiracy as has been alleged. >> reporter: the courtroom was packed with 50 supporters and reporters from america, germany, france and spain, highlighting a worldwide interest in the case. the lawyer representing the united states government argued that kim dotcom posed an extreme flight risk. u.s. authorities believe he has access to large amounts of money, even though there's a freeze on his assets. money, they say, he could use to charter private jets or helicopters to leave the country. >> this kind, there's a significant issue in terms of flight. >> reporter: they said mr. dotcom had a gun nearby when he was arrested at his coatesville mansion. his lawyer said the raid was unnecessarily aggressive and facts had been blown way out of proportion. >> all of this presentation by the crown has emplyfied the nature and gravity of this alleged offending beyond any reality. and in fact, a real misunderstanding and misconception of the business of megaupload. >> reporter: mr. dotcom's lawyer said his klein the would agree to electronic monitoring so he could be with his pregnant wife and three children while he fights to clear his name. the judge has said he'll differ a written decision before wednesday. until then, mr. dotcom and his co-accused remain remanded in custody. kate lynch, one news. if for kim dotcom's gains are found to be ill-gotten, he hasn't been afraid to flaunt them. almost $5 million worth of cars were seized by the new zealand police at his auckland mansion. that by the way is itself is worth about 30 million. there were 15 mercedes-benz alone and the license plates told their own stories. hacker, kimcom, mafia, guilty and god were just a few of the words to feature. money has been spent on business as well as pleasure. you're looking at a live shot of central hong kong. they have a hotel suite valued at $12,000 a day. up next, we'll see what the stock markets are making at a struggle to keep greece from going bankrupt. don't go away. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. 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[ male announcer ] because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, while on enbrel, you experience persistent fever, bruising, bleeding, or paleness. if you've had enough, ask your dermatologist about enbrel. as euro zone finance ministers gather in brussels, greece remains a word and not a word they like to pronounce at that. the country's creditors are still at odds with policymakers over trimming that national debt. the plan sounds simple, reducing greece's $450 billion burden. but there are other stake holding parties involved, mainly the international monetary fund and euro zone leaders who want rates on restructured debt to be minimal and ultimately affordable for greece. that might just prove a cut too far. well, let's have a look at what european investors seem to make of it. we're not getting an awfully strong sense out of this. this is how the indices look an hour into monday's trading session. a few doubts are creeping in, certainly as the news about greece sinks in. you can see that particularly on dax. with a few gains to start off with and then going down actually the same sort of patent, really on the cac current, up and down. don't read too much into it because these movements aren't particularly large. meanwhile we've had a quiet trading day in asia where most markets were closed for the lunar new year holiday. india and thailand are winding down trade on monday's session. ongoing uncertainty continues to weigh on investors around the world, it seems. we talk to a senior trader at etx capital. he joins me now here in london. what do you make of what's going on in the markets seem, in a way, given that the noises out of those greece debt talks are not all that positive, the markets seem to be taking it somewhat in their stride. can you explain it? >> absolutely. this has been going on for a fairly long time. the greece issues, charles. the market seems to be adjusting to what has been a new normal, ie, an environment of increasing sovereign debt concerns and low interest rates and especially in an environment of low interest rates, there's very few places for investors to park their money. with money sitting in a bank account, being eroded by inflation, it has to be put somewhere in order to generate a return. you're seeing that money, if not moving to safe haven assets such as the dollar because it's shifting away from the gold, is moving into the equity markets, which is why they're relatively robust in the face of ongoing concerns over sovereign debt. >> it is all driven by liquidity? and people with be if you like, are accepting a slightly higher degree of risk if i read between the lines? >> absolutely. investors are prepared to accept that at the moment. you're also seeing within the global equity market that shift away from defensive sectors to more cyclical sectors, which is why the likes of the banks and the financial companies have been outperforming, compared to the index or other stocks within their group. so you're seeing more risk on attitude towards investing at the moment. >> let's have a look at a particular hypothesis. this is hypothetical. but let me put it to you, if we saw those talks break down or show signs of having to be adjourned amid serious disagreement, not a breakdown but everyone goes their different ways amid disagreement, do you think that will be a strong negative for the markets or do you think the markets will continue to see that as part of the new normal as you put it a moment ago? >> i think it should be a short term negative for the markets. we could see the roop the in equities start to break back down again. for a big sell-off to come through, that doesn't mean that things won't stop back up again, negotiations won't start back up in the very near future. and if equities do take a bit of a tumble with interest rates where they are at the moment, with the lack of alternative investment areas you'll see the relatively strong demand for equities. the corporate, certainly in america have been reported fairly strongly and they do have a large amount of cash on their books at the moment. unlike a lot of sovereign nations. >> let's pick up on that point. clearly we're in the profit season. do you expect that profit season to carry on being relatively good anyway, at least relative to expectations and provide some kind of underpinning for this greater appetite for risk you were describing a moment ago? >> absolutely. i expect the u.s. corporated to continue reporting relatively well. there is the coupling going on with the u.s. and europe. once european reporting season getting under way, i don't expect them to report it fantastically well, q4 earnings. it's likely we'll dip into recession in the very near future as well. money flows on the equity fund do seem to be doing towards the u.s. market. i do see it outperforming beginning forward as well. they seem to have taken the right measures in order to support their company. >> joining me live from etx capital in london. many thanks to you. up next, how record drought is driving up sugar prices. i'll be right back. eipt for that watch you're wearing. you know, you really should provide us with a checklist of documents we're gonna need up front. who do you think i am? 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[honks horn] [circus music plays] here you go, pete. thanks, betty. betty: we're out of toner. announcer: if you're facing foreclosure, talk to the right people. speak with hud-approved housing counselors free of charge at... let's have a quick look at the way oil is trading at the moment. brent crude up by roughly a third of a dollar, standing at just over $110 a barrel. welcome back to "world business today." let's have a look and see what happens to that price of oil, petroleum in the coming days after the european union introduced broading sanctions against iran. we are expecting that announcement to be made later today, monday. european sangs are men to the force tehran to give up its nuclear program which western countries anyway fear will be used to develop nuclear weapons. the european union is expected to ban imports of uranium crude, and freeze some of iran's foreign assets. the u.s. and the uk, the united kingdom, have already imposed sanctions on iran. now, one of the worst droughts on record in parts of northern mexico has damaged cane crops and severely hurt sugar exports in the world's sixth largest producer. ivan cabrera is here to tell us more. >> good to see you on the broadcast, charles. haven't seen you in a while. we focus on northern mexico where the sugar crop is important. you need rain for any kind of crop. to be successful here. my goodness, have we not had it across northern mexico. we have been bone dry during the rainy season, the dry season. we're in one of the worst droughts here against northern mexico. we've been talking about the story, not just with the sugar exports but also, it has been impacting the good folks trying to make a living here from any kind of crop. because of the lack of rainfall. of course, this is the same lack of rainfall that's impacted the state of texas as well. let's focus in on the mexican drought and what's been happening as far as the sugar is concerned. the sixth largest sugar producer as you mention, charles, we're talking 99% of that is bought by the united states. this is important stuff here. we're talking now the exports to the u.s., of which they buy 99%, could drop by 40%. we don't see any rain at this point in the forecast. even if it started pouring right now, it's too late. the crop has already been damage. we are on schedule for those kind of numbers. and the reason for all this is this here, october through april, we are in la nina pattern, otherwise known as the diva of drought, right in the jet stream or the storm track lifts well to the north, pacific northwest gets in on all the action and we're left here very dry. it has different impacts all across the world here. but in mexico, they have been left behind, charles, as a result of all the storms going to the north. and not looking good right now for them there. >> let's have a look at brazil, ivan. obviously another major sugar producer. what about the weather conditions down there? how are they interplaying with yields if you'd like? >> the opposite. we'll still talk about la nina here. it's been impacting them in the opposite direction here. we get wetter than normal conditions here across brazil. now, in the region they produce the sugar here, it's further to the south. so la nina not as involved. still, this is an area that we've been talking about again as well from flooding and homes that have been impacted as well. this is a central region here, south central region. that is where we grow the sugar cane there. the impact is not going to be as severe as it is going to be and has been in northern mexico. this is going to be a delay as opposed to a significant damage to the crops. it's looking better here for brazil. charles? >> okay. thank you very much, indeed, ivan cabrera joining us from the international weather center. still ahead, the great and the good are in doublthe swiss . and the occupy wall street won't be too far behind. we'll tell you why they're guaranteeing themselves a rather chilly reception. my name is jill strange, i'm forty-nine years-old, i love gardening, and i love volleyball. i've been taking osteo bi-flex for several years now. i really can't see myself not taking it. osteo bi-flex is a great product. i can go back and do gardening with comfort. 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[ding] [fans whirring] announcer: chill raw and prepared foods promptly. one in 6 americans will get sick from food poisoning this year. check your steps at foodsafety.gov. europe may have a popularity problem outside its borders but euro skeptics have not proved popular within them this weekend. two pro-euro candidates will battle it out. we are joined from our london newsroom to evaluate the result. this seems like the kind of news that ill with be welcome in berlin and paris. >> in the april parliamentary elections, the particle, the true finns who are euro skeptic were even demanding that finland block any kind of future bailouts. they have now only scored about 6% of votes in this election. their leader, who actually made an extraordinary election back in april where he scored four times the votes that he previously had. there were two pro-europeans in the lead to become the finnish president. with these extraordinary talks going on in brussels, i'm sure they're quite relieved that's who they have coming up to become the new president in finland. >> tell us about these two runners and riders we have left in the field and what they're like. are they going to take finland in some kind of new direction? clearly not out of the i