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canceled flights in scotland and northern england. mr. obama will be visiting buckingham palace where he ll spend two nights. the president left ireland for the uk ahead of schedule last night due to that cloud of volcanic ash. in the u.s., the tornado that blew through missouri has claimed 116 lives and left a trail of destruction. the u.s. national weather service says it was the most deadly tornado in more than 60 years. those are the headlines, i m zain vergee at cnn in london. world business today starts now. good morning from cnn london, i m charles hodson. and good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the top stories on tuesday, may 24th, under the weather, travel trouble looms as volcanic ash blows towards europe. meanwhile, investors on the continent have caught debt contagent fever. the scramble in the cockpit to save the airliner. they don t have ability to go anywhere. they don t have abili ....
A bit of a pop for sony. the hong kong hang seng up just a fraction, the shanghai down 0.25%. australia down because of europe. also because of china. goldman sachs lowering its growth forecast for china from 10% to 9.4% this year as policy tightening measures start to kick in. interesting, had one research note from boc, bank of china, which said stagflation could be on the horizon. it s rising inflation and slowing growth. that one could spook the markets further. i tell you who are watching china closely, ramy inocencio, our asia business analyst. you have a slightly more longer look at the declines in asia pacific. those numbers you were talking about is showing investors are being cautious especially after the past two months of clear declines of asia pacific. let me show you the trend in a few major markets. first to hong kong, march 11th, right here is a reference ....