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as search and rescue attempts continue, the focus moves 0en to who is to blame for the sinking of a giant ocean liner off the italian coast. and we ll tell you which production houses is big at the golden globes and what these awards tell us about the upcoming oscar ceremonies. first up, though, if the new year promised a new europe, well, some people could be disappointed. standard & poors last week had other ideas completely. to nobody s great surprise, this particular influential company decided to downgrade the credit scores of nine countries across the euro zone on friday. these particular downgrades apply to a large swath of central and southern europe. it is this country in the center here, france, that is commanding all the headlines today. this after france lost its treasured aaa rating. that in turn, some economists say could undermine the a aa rating of the total esfs. one country as well that s hitting the headlines, one country that will ill afford any ....
greece passes next year s budget. it is packed with tax increases and spending cuts which are required to secure bailout funds. the budget cuts, the deficit pushes the deficit to 5.24 gdp, down from 9%. ahead of the u.s. 2012 election campaign, u.s. president barack obama says the middle class needs to step up to the plate. he called for more taxes on the wealthy. those are the top stories from cnn, i m monita rajpal. world business today starts right now. hello and welcome to your wednesday edition of world business today. i m andrew stevens in hong kong. i m nina dos santos in london. these are the top stories today. adding more fire power to the bailout fund. anticipation builds for lasting in europe ahead of the crucial summit. india shelves plans to open up its supermarket sector. and the immaculate rejection, ebay auction for a date with the virgin mary. this very wednesday word is out that they re ready to use all they can to add to their arse ....
Gains after a report that eu officials are considering aggressive moves to contain the euro crisis. the dow jones industrials climbing 52 points. the s&p 500 up just a point. and the nasdaq slipping by 6. the financial times reporting today that the eurozone ministers are discussing a three-pronged approach to calming panic. instead of replacing the original efsf with a new version called the esm. they re also going to promote easier access to funds. in stocks, general electric surging on an analyst upgrade that predicted solid results from its financial services arm, ge capital. but netflix slipping after verizon announcing plans to launch its own video streaming service that could reach as many as 85 million households in the united states. that s it from cnbc, first in business worldwide. i m going to hand you back over to hardball. ....
explosion near the iranian city of isfahan. the exact location has not been disclosed. it s reported it was part of a military exercise. a uranium conversion plant is located just outside that city. earlier this month a mysterious blast damaged a missile base near tehran. a woman in the state of georgia says she had a 13-year affair with republican candidate remember man cain. she made the claim in an interview with local tv channel. cain has been married for more than 40 years, marred with a lot of allegations against him. he says he knows the woman but denies the affair. this is the fifth woman to accuse him of sexual harassment or extramarital contact. i m monita rajpal. world business today starts right now. hello. welcome to wbt, i m andrew stephens in hong kong. i m charles hodson in london. the top stories on tuesday, november 29th. rupert murdoch squares off with shareholders as phone hacking revelations continue to rock his leadership. stock markets in ....
syrian state tv calls the move a conspiracy that lacks legality. two of the country s closest allies, lebanon and iraq, have distanced themselves from the sanctions. voteers in the democrat irk rhee public of conoco are heading to the polls this morning. there s a challenge from ten candidates. the gong lease are struggling to restore their country. those are the top stories from cnn, the world s news leader. i m monita rajpal. world business today starts right now. hello, and welcome to world business today. i m charles hodson at cnn lon n london. i m andrew stevens live from hong kong this monday the 28th of november. the imf denies it s planning a bailout for italy as moody s sounds the alarm on the whole of europe. can elections in asia yield the stability that investors are looking for? and america s nationality basketball association chalks up a financial win after striking a deal with players to finally get the season under way. let s take you s ....