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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 ....
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 ....