to the youth arm of the sdp. he was 26 then, but had already been a party memberfor nine years. he became an mp taking on a party role alongside the then chancellor gerhard schroeder. this picture is from 2004. a few years later, 0laf sholz won the election to become mayor of hamburg. in 2017, the city played host to the g20 summit which saw an anti capitalist protest turn into a riot. mr sholz said he was ashamed of what happened and asked hamburg s citizens for forgiveness, but he refused to resign. the next year, 0laf sholz moved to berlin, becoming finance minister in angela merkel s government. that was a grand coalition between left and right. the new coalition mr sholz has forged will be different. here s damian mcguinesss in berlin. it s a historic moment, isn t it? 16 years of a conservative led government, now we ve got a left wing chancellor. he says he wants to make germany fairer, in his words, and greener.
gadhafi. they say they are on the verge of taking the port city of sirte. a spade of killings at a port on the mekong river has interrupted cargo trade between children that and thailand. at least 12 sailors were murdered in what may have been a drug traffic attempt. investigations are continuing. severe weather in new zealand is hampering efforts to corn taken an oil spill off the country s north eye land. authorities are trying to pump the remaining oil off a ship that struck a reef last wednesday. 30 tons of oil has leaked from the vessel. those are the headlines from cnn, the world s news leader. i m monita rajpal. world business today starts right now. good morning from cnn london, i m charles hod southern. and good afternoon from cnn hong kong, i m andrew stevens. welcome to world business today. the top stories monday, october 10th. bell jen bank agrees to its bailout. are more bank rescues on the way? and weather hampers efforts to contain an oil spill