i am in singapore. >> i am in london. the afghan president, hamid karzai, has cut short a visit to europe and returned home after nearly 60 people were killed in a suicide bomb attack kabul. the afghan government blamed the taliban, but they denied responsibility. that is all from us in london and singapore. coming up next, the asia prison -- the asia and business report. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global strength to work for a wide range of financial companies. what can we do for you? >> "bbc world news" was presented by kcet los angeles. presented by kcet los angeles.

here in singapore. it is 2:00 a.m. in london. welcome to newsday. >> we do not have talketime -- t of the warning from the french president. almost the entire year, eurozone is on a negative credit watch. caroline in new york has more. >> european leaders have procrastinated for months. the u.s. credit rating agency or's has put the entire eurozone on a negative credit watch. there is a 50/50 chance that some could see their credit downgraded. that would be a severe blow to countries like italy. enter germany, it could also set them back severely. they have enjoyed a aaa credit rating. there also an -- they have also been a political partner and finding the solution to the euro debt crisis. it puts european leaders under severe pressure to come up with a solution when they meet later this week. this is a warning that you wrote need to solve its problems quickly. for coveroposals oconomowo budgetary controls would be looking for leadership and growth. there will be a european summit later this week. >> this was the start of a cruc

i am in singapore. >> i am in london. here are the headlines. a chinese village challenging the corrupt rule. a farewell to arms. the u.s. marks the end of military operations in iraq. and france's central bank says the u.k. should be the first in line for a credit rating downgrade. bycow's surprise is the rest circulating its own draft resolution at the united nations. it is noon in singapore. >> is 4:00 a.m. in london. broadcasting to viewers on pbs in america and around the world, this is "newsday." >> the chinese communist party has lost control of a village in southern china. they are protesting against corrupt officials selling farm land in the small fishing village in open revolt. the last of the officials fled on monday and thousands of people have flocked police from retaking the village, standing firm against teargas and water cannons. >> this is what a rebellion looks like in china. these villagers are locked in a land dispute with the authorities. instead of being silenced, they have chosen

i am in singapore. >> i am in london. the headlines. >> reports of an earthquake which has hit new zealand's south island. the reported magnitude is 5.9, and it is near christchurch. north korea says it will accept all south korean delegations wishing to express condolences. >> the prime minister accused of creating a political crisis in iraq after bombs across baghdad kill nearly 70 people. the u.n. appeals for more money to help those harmed in a typhoon washing the southern philippines. >> it is 10:00 a.m. in singapore. >> it is 2:00 a.m. in london. this is "newsday." >> as we go to air this hour, more reports of an earthquake in new zealand. the u.s. geological survey says an earthquake of 5.9 magnitude struck near the city of christchurch on the south island. there are no immediate reports of damage or casualties. this comes 10 months after a 6.3 earthquake hit the city, killing 180 people. i am joined by phone by a resident of christchurch. can you tell us your experience of this earthquake? >> i was entering a subu

i am in singapore. >> i am in london. the headlines. >> grief and uncertainty in north korea over the death of kim jong il. the world wonders what will happen next. violent clashes in egypt. the united states condemns the treatment of a fema protester. >> sectarian tensions rise in iraq as an arrest warrant is issued for the highest ranks in the official. the imf has received billions of dollars in the latest attempt to try to build of the eurozone. -- bail out the eurozone. >> it is noon in singapore. >> it is 4:00 a.m. in london. welcome to "newsday." >> the united states, japan, and south korea are considering holding talks on the situation in north korea after the death of kim jong il. the chinese president went to the north korean embassy in beijing. china has been no. correa's closest ally, and a visit underlines that support. john simpson reports. >> this is the weird, reclusive figure who ran the world's most secretive country, and did it as though it was his own private playground. looking on was his son, kim jon

it is 10:00 in singapore. >> it is 2:00 a.m. in london. broadcasting to viewers on pbs in america and around the world, this is "newsday." >> the united states has renewed its course for the syrian president to leave power. sources in the syrian opposition groups are claiming the number of people who have died is much higher than estimates by the united nations. more than 6000 civilians have been killed since the uprising began in march. >> the violence is obviously getting worse. these pictures are being sent in by ordinary people. even if they cannot all be verified for -- even if they cannot all be verified. 200 people have died since monday. these pictures are thought to be from italy, in the northwest, where the organization says there has been an organized massacre. they have switched their anger to the arab league. the issue one ultimatum after another. people on the ground believe the rising violence is because the government wants to stamp out the opposition before the arab league observers get there. i have been speaking to a pol

let's head to singapore. the central banks have taken new steps to support the global financial system. >> that's right, and the action it assigned basically to prevent a credit crunch that might threaten the survival of the euro zone. they approved of the move after signs the european banks stopped lending to each other. for more we go to michelle. >> the reaction was swift, within minutes of the announcement, share prices rose in markets across the world, including the u.s. >> with this news out of europe that the liquidity crisis might offensive board verted at least for the time being, the financials have led the way today. >> what impressed the market was action taken here inside america's central bank. the federal reserve said it was cutting the cost of supplying dollars to five central banks around the world, including the e.c.b., the bank of england and the swiss national bank. so why act now? euro zone bank has been finding it increasingly difficult to borrow dollars. this should make it easier. >> w

that is it for us from london and singapore. thank you. bye-bye. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global strength to work for a wide range of financial companies. what can we do for you? >> bbc world news was presented by kcet los angeles. 

from singapore. >> from london. the headlines, united nations saying that being referred to the common court. and there is talk reducing greenhouse gases. >> as the troops leave iraq, president obama says they are leaving with dignity and their heads held high. and in noon singapore. >> welcome to news day. the united nations human rights chief says she believes that more than 5,000 people have been killed in syria and anti-government protests. she estimates that 40,000 syrians have been detained and more fled to neighboring countries. >> and it's based on the evidence and the widespread nature of the killings, the torture, i felt that these were crimes against humanity. and i recommended they should be referred to the international common court. >> as one colleague said it was the most horrifying briefing we have had in the security council over the last two years. she cataloged more than 5,000 people killed. a situation that is deteriorating with a military build up in homes. tens of thousands of rapes and more. >

i'm in singapore. >> i am in london. here are the headlines. >> the chinese village in challenging communist rule, 20,000 stand firm in their protests against corruption. a farewell to arms, the u.s. marked the end of nine years of military operations in iraq. the head of france says the u.k. should be the first line for a credit rating downgrade. moscow surprises the west by circulating its own draft resolution at the united nations. >> it is 10:00 a.m. in singapore. >> it is 2:00 a.m. in london, broadcasting to viewers in the u.s. and i around the world, this is newsday. ♪ >> the communist party of china has lost control of a village in southern china. what started as a protest against corrupt officials selling farm land has ended in a small fishing village in open revolt. the last of the party officials fled on monday as thousands of people have blocked police from retaking the village. standing firm against tear gas and water cannons. here is our report from the village. >> this is what a rebellion looks like in ch

we begin with this item sent by cna singapore. internet giant google says it's setting up a data center in singapore, its first in southeast asia and nird in the asian region. the center is due for completion by 2013. singapore authorities hope that $120 million project will boost the efforts to nurture i.t. as a pillar of the economy. the development is expected to attract more overseas firms. google has similar centers in hong kong and taiwan, which reflects the industry. google says the new center will provide high-speed fiberoptic connections and support for other data services. steady or rising? that's the word on land prices in bangkok and nearby provinces despite the devastating recent floods. a representative of the city's real estate investment said the construction of five rail projects and expressways are driving the trend. one survey shows land prices in bangkok's inner areas have surged about 17%. the rains hit the property market hardest in october when real estate transactions dropped as fast as the floodwaters rose

allowed into singapore because of... they didn't realize they needed a visa, so they ended up in bangkok. rose: and the singaporeans are pretty tough on this. >> absolutely, absolutely. and thank god that's why they didn't have the meeting in singapore, it ended up in another country. so it was for us it created a lot of curiosity. why $36,000 come from a very poor country, yemen, and go to a more affluent country in southeast asia? we had a lot of options on the table thinking about them. maybe it's leftover money from a failed attack that they wanted to do during the millennium, which they had a plot to attack maybe there's an operation going on in southeast asia because he claimed he delivered the money during the millennium time, december 1999, january of 2000, the last week of december, first week of january. so if they were planning to do something in malaysia or bangkok or singapore or any of the southeast asian countries that were mentioned en most had probably failed and most probably they were repeated again be

live from singapore and london. a reported step in the search for life. >> how young people are turning to music to express their desire for peace. denied anyan wa knowledge of phone hacking. >> he was 28 when he edited the news of the world. he moved to television first -- now avas a chat show host. he was placed under oath and answered questions. his and tuz became more terse. he was asked how it was the details of a private voice-mail message left by serb paul mccartney came out. he denied -- insisted he did not know that from hacking to place. >> i have no knowledge for greyson -- or reason. assumption of my the message. it may not be his recollection. >> that would mean rupert murdoch is to be called to give evidence. he hurried off to do his chat show. he said he felt like a badly treated rock star and it was no point to be replayed. this is "newsday". in north korea 11 days of official mourning for kim jong il. the communist dictator lies in state. >> more bloodshed in syria. activists say dozens have been ki

. >> and so what they said is a two-person singapore does the best what is it that singapore is doing jack? and what singapore is doing is they do an assessment of their economy, identify strengths and weaknesses, identify the clusters that they could attract , the clusters and sectors that they could attract and will be globally competitive in singapore. they go get those companies, have specific goals for foreign direct investment. they go out, find those companies and bring them into singapore, create a custom that has suppliers and has customers as well. then they offered streamlined permitting for businesses to come and open up shop very easily. they give access to capital for businesses who have heavy equipment and technology that are very expensive, to be able to get them in the ground. in short the offer them a full-fledged partnership, not a top down, but the bottom of partnership with the businesses to say how community competitive. in the united states what could we do? what can we be looking at? at think we ought to be going after foreign direct investment. we ought to be

thegare singapore tourism board there ishiomorngetve fryon e singapore airlines, a great way to fly. honson corporation, forging a higher global standard. the ctc foundation, afo communications, and the rotendaro family trust. >> the arab league got involved serious sanctions. >> yes. this is a story that has not been well understood in this country. sanctions are not going to work in the end, and then what? that is certainly a value question. the story is the arab league that is a bunch of arab leaders that have always defended each other in the past and have come out strongly condemning one of them, one of their own. they realize that they understand that the public mood is such that they cannot be seen to condone the excesses' of the regime, and they have to do something. this is -- i think it is the first time. take a look they have suspended membership? take up they have suspended syria from membership. -- >> they have suspended syria from membership, and they have imposed sanctions. they're not only the sanctions against members of the regime, but there are sanctions against th

. >> live from singapore and london, flying high in the war in afghanistan. we get a bird's-eye view of what it takes to keep up the fight. >> and find out why a new movie is causing tension between china and japan. the british prime minister urged reforms after bahrain cracks down on protesters earlier this year. she is looking to help reform the police and judiciary. >> a controversial visit by the king of the country that is suffering from violence. the king of bahrain is calling for advice for reforms, and david cameron has called on him to stop all abuses. he says it is time for real change. >> for a prime minister to be in power for 40 years -- the prime minister could be elected. that is what we are willing -- with the prime minister of the united kingdom. this is a tough issue. >> the protests and clashes with police continue. many protesters wanted and the marquee. but large parts of the population do not. the leader of the opposition party says he cannot live with the constitutional monarchy and is ready for dialogue with the king. he has told the b

it is 12 noon here in singapore. >> it is 4:00 a.m. here in london broadcasting on pbs in america and around the world. >> hello and welcome to give the afghan president has cut short a visit to europe and returned home. more than 160 people were injured. president karzai called it an unprecedented sectarian attack. clinton somerville sent this report from cobbm kabul. >> afghan portia's beat themselves in a traditional mourning ritual. shias beathan themselves in a traditional mourning ritual. then this happened. [explosion] the dying and injured are piled up in trucks. at the city hospital, they struggle to cope with wave after wave of victims. on the pavement outside, and motherboards for her lost son. my heart is broken, she cries. desperate and in despair, more gather for news of missing family and friends. this is a day of mourning, says this man. it is an attack against humanity and an attack against islam. it was part of an audit -- of a coordinated assault. a bomb also exploded in a northern city. but the kabul attack was much

transferred those losses overseas via a japanese investment company and bank accounts in lichtenstein and singapore. by 2003 olympus had transferred more than $1 billion in losses. in between 2006 and 2008, the executives hid most of the losses in acquisitions of other companies and overpriced consulting fees. the report says two former ceos, maasatoshi kishimoto and tsuyoshi kikukawa were involved and informed of the scheme. >> the core part of management was rotten and contaminated the parts around it. the situation was a worst-case example of japan's tribal corporate culture. >> the former presidents denied involvement. michael woodford was the first to raise the alarms at olympus. he said the report was more detailed than he expected. >> very, again, as you would read through it, evident that the panel sees that the existing directors worked in an environment where there was no scrutiny. loyalty appeared to be to kikukawa and not to the company. existing directors should resign at the earliest possible opportunity. >> olympus dismissed woodford as ceo in october after he raised questions about

i'm in singapore. >> i'm in london. these are the headlines. syria opposes president has said he feels no guilt -- syria's president has said he feels no guilt about the crackdown of security forces. >> and in the libyan capital of tripoli, armed militia forces who helped to oust gaddafi. >> our reporters around the world have been telling us how the debt crisis is affecting their countries. first, we will hear from the second largest trading partner of europe. the u.s. is number one. no. 2 is china. >> here in china, leaders are concerned about what is happening in europe as the -- as thergest bank world's largest exporter, china has already seen a slowdown. the country's exporters face a severe challenges in the next 12 months. economists have already warned that europe falls into recession once again, that could affect up to 2%, if not more, of china's gdp growth in the next 12 months. >> as an emerging nation, india has relied on the strength and stability of the eurozone for its growth and development. keeping in mind that some of the coun

about it is midday here in singapore. -- >> it is midday here in singapore. >>> britain has ordered the immediate closure of the iranian embassy in london and given iran's diplomatic staff 48 hours to leave. the decision follows tuesday's attack on the british embassy in tehran when hundreds of protesters rampaged through the compound and trashed the offices. some countries have recalled their ambassadors for consultations. john simpson has more. >> serious though yesterday's attack was, there have been plenty worse over the years. but cutting off all diplomatic relations is extraordinarily rare in peacetime. perhaps it was to teach a lesson to a country that does not play by the rules, a country which seems close to having nuclear bombs. >> the iranian attache in that london is been informed that we are closing their embassy and that all diplomatic staff must leave the united kingdom within 48 hours. if any country makes it impossible for us to operate on their soil, they cannot affected have a functioning embassy here. -- they cannot expect to have a functioning embassy here. >> so th

that is it from us in london and singapore. thank you very much for your company. take care. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vt., and honolulu. newman's own foundation. and union bank. ♪ >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> bbc world news was presented by kcet los angeles. by kcet los angeles.

you believe the only problem but once with with what happened in singapore i believe that without any interference from me or anyone else i believe he suffered with what happened i don't have any issues with him and this situation was a problem for him not coming here last year he is here these here another excellent driver to compete to win b.c. round these here. finally only a select few are immortalized in bronze while they are still alive and are striking cricket legend shame one has joined that elite one of the greatest bodies of all time was present in the flesh out the unveiling of the statue on the parade of champions the melbourne cricket ground born is the former record holder for most wickets taken by a in international test cricket been an impressive tally of seven hundred ninety eight forty two still takes to the pitch though just in that domestically born is only eleven constraining sportsmen to come to stay in such an honor and was flattered by the result. looks fantastic a very very good. very proud it's a great on us was sort of weird seeing yourself up there but it's

allowed into singapore because of... they didn't realize they needed a visa, so they ended up in bangkok. rose: and the singaporeans are pretty tough on this. >> absolutely, absolutely. and thank god that's why they didn't have the meeting in singapore, it ended up in another country. so it was for us it created a lot of curiosity. why $36,000 come from a very poor country, yemen, and go to a more affluent country in southeast asia? we had a lot of options on the table thinking about them. maybe it's leftover money from a failed attack that they wanted to do during the millennium, which they had a plot to attack maybe there's an operation going on in southeast asia because he claimed he delivered the money during the millennium time, december 1999, january of 2000, the last week of december, first week of january. so if they were planning to do something in malaysia or bangkok or singapore or any of the southeast asian countries that were mentioned en most had probably failed and most probably they were repeated again be

. >> what they said is singapore does it best. and i said what is it singapore is doing that we might learn from? what singapore is doing is they do an assessment of their economy giving it the identify their strengths and weaknesses. they identified the clusters they could attract the clusters and sectors that would be global and competitive in singapore. they get those companies. they have specific goals for the foreign direct investment. so they go out, find those companies and bring them into singapore, create a cluster that has suppliers and has customers as well to read than the offer streamlined permitting for businesses to come and open up shop very easily. they get access to capital for businesses who have heavy equipment and technology that are expensive to be able to get them on the ground and in short the offer them a full-fledged partnership, not a top-down the bottom-up partnership the business to say how can we meet you competitive? in the united states, what can we do, what should we be looking out? i think we ough

when we spoke an hour ago, use of the markets in singapore were pretty quiet. how do they look at the moment? >> they are still pretty quiet. a month the market that are open, we have that japan nikkei, the cosby, the singapore index -- all lower. investors are away on holiday. it is traditionally a quiet time for financial markets at this time of year. but there are a few factors that we are still watching. it might propel the market higher. monday was expected to be the third busiest shopping day of the holiday season in the u.s. it is doug to mega monday. expectations were expected -- expectations were something of a windfall. the u.s. national retail federation predicted holiday sales would rise to a record $469 billion, and that is higher than they had originally forecast. there are still concerns about the eurozone, and that has taken its toll, with south korea posting a key consumer sentiment index earlier, which shows a sharp fall earlier, the most in nine months. >> fire services in northwest italy have evacuated hundreds of people from their homes as

in singapore it's called the golden triangle. we don't have a national economic development strategy that is partnering with the states. states would bend over backwards to make that happen. >> and i'll just give you one more idea which jennifer has suggested already which is foreign direct investment. and transform our thinking about the world from we're going to create all this democracy, and we're going to police all these countries, and we're going to be ready for big disputes, and we're going to deploy hundreds of thousands of people around the globe to do!,%6 that. and instead think the real -- i don't want to use the word "war," but the real competition and the real opportunity for, um, positive competition is in the global marketplace. and so say to our ambassadors, number one, tell hillary clinton to stay and give her a new mission which is to revamp state in a way that it becomes more of an economic development tool. and we embrace the globe and not fight the globe, and we ask how to we build great companies, how do we

are you scared that it's going to start affecting singapore more yeah. but until then your shopping that's. going to keep their you know their finances under control this year i know i am so do you feel like that's a good or bad thing. sometimes it could be excess which has been in the past i think it may be it may work for the best people you could give a little less and still have the same meaning to christmas i think it's a great thing it's almost like that's what got the economy into a bad place people spending money they didn't have right yet i think that in america we're taught to buy whether we have the money or not whether or not your holidays will be affected by the economy this year the bottom line is the holidays aren't supposed to be about money so maybe cutting back this year will be a good thing. still ahead on our t.v. economy might not be sunshine and daisies but bank profits sure are well speak for the man who isn't afraid to open the book on wall street wall street secrets. to the police corruption that. was contested and nobody seems t

was developed by an international team of researchers in the united states china and singapore one of the creators professor john rogers of the university of illinois has said that the. eliminates the distinction between electronics and biology because his words it integrates with the skin in a way that is mechanically and physiologically invisible to the user in test the patch was used instead of bulky electrodes to monitor brain heart and muscle tissue activity and users who had it down their throat operated of voice activated video game with more than ninety percent accuracy the wireless device is nearly weightless every quarter so little power it can fuel itself with miniature solar collectors or by picking up electromagnetic radiation less than fifty microns thick the device is thinner than a human hair and as soft as human skin and it can stick to the skin without any glue or sticky material in fact e.t.s. uses a molecular force known as the dander walls interaction created here between the patch and human skin at the molech killer level scientists have spent six years developin

was developed by an international team of researchers in the united states china and singapore one of the creators professor john rogers of the university of illinois has said that the. eliminates the distinction between electronics and biology because his words it integrates with the skin in a way that is mechanically and physiologically invisible to the user intestate is the patch was used instead of bulky electrodes to monitor brain heart and muscle tissue activity and users who had it down their throat operated of voice activated video game with more than ninety percent accuracy the wireless device is nearly weightless everywhere so little power it can fuel itself with miniature solar collectors or by picking up electromagnetic radiation less than fifty microns thick the device is thinner than a human hair and as soft as human skin and it can stick to the skin without any glue or sticky material in fact e.t.a.'s uses a molecular force known as the vander walls interaction created he between the patch and human skin at the molech killer level scientists have spent six years develop

well we're in an interesting position here where it is two thousand and twelve in singapore six thirty in the morning there but it's only two thousand and eleven three thirty in the afternoon in tucson arizona if you're watching bear but two thousand and twelve is finally here in moscow happy new year to all of you watching our team wherever in the world you may be russia has been marking the arrival of the new year with grand fireworks displays and celebrations across the whole country from all of us here we wish you a happy and prosperous twelve months ahead. and we have our special report coming up next. the white sea its surface remains choked with ice when at least seven months a year. the chilly breath of the arctic ocean keeps the water freezing cold. near the coast however the high winds and bitter cold recede. that even in winter also can be seen through holes in the ice. cold squeals and cracking sounds can often be heard around the many things. this is how so-called canaries of the sea communicate. and typically they hide under the ice and the white sea is the natural habita

ago four hours ago actually new year's came to the cities of crimes they are stand along with china singapore malaysia and philippines and two thousand and twelve continue to march across siberia it reached such cities as novosibirsk its residents celebrating along with thailand and vietnam and just over two hours ago as midnight hour crept closer to the russian capital it reached the city's if you cut city to bergen chelyabinsk russia's westernmost point in the baltic city of when dr was the last one to celebrate the. year just a bit ago. and now to the events that shaped two thousand and eleven and are expected to dominate the new year as well russia saw the your close amid protests with demonstrations over the results of russia's parliamentary elections the people returned to the polls in march to vote for the country's next president parties karen. explains what's behind the protests in russia for two decades. i have been near to everybody very interesting first to say a very fond and very regulated new years here on red square everybody laughing yelling fireworks going off but more impor

and so they said singapore does it best. i said what is it that singapore's doing that we might learn from? what they -- what singapore is doing is they do an assessment of their economy, identify their strengths and their weakness, identify the clusters that they could attract the clusterings and sectors that would be globally competitive and they get the companies with special goal, and we go out, find those companies and bring them into singapore, create a cluster that has suppliers and has customers as well. then they offer streamlined permitting for businesses to come and open up shop very easily. they give access to capital for businesses who've got heavy equipment and technology that's very expensive to be able to get them in the ground, and in short, they offer them a full-fledged partnership, not a top-down, but a bottom-up partnership with business so say how can we make you competitive? now, in the united states, what could we do? what should we be looking at? going after foreign direct investment, we ought to tak

and thomas, with great singapore food. we just want to thank you so much for letting us be part of this awards show. and we are so proud to be here. after the show, please come upstairs, do the green room, and had a taste of all the delicious foods that are up here. i don't have a restaurant, but in a street food vendor. come visit me, and i will definitely took you up with a discount. anyway, thank you so much, and we look forward to seeing you guys. and i thank you. we also want to give a special thanks to the coordinator of tonight's events. and at the conclusion of tonight's program, everybody is invited to the reception. make sure you get a ticket from the ashes at the door because you will need the ticket to get in to get that great food and the reception in the greenroom. you will notice on the ticket, there are eight great -- plant boxes on the back, and they will mark each station. you need to visit all of the food stations, and once your ticket is mark, you can take it to a raffle, drop it in the bowl to with a g

koreas then three hours ago new years came to the cities of crowded out skin concealed along with china singapore malaysia and the philippines as two thousand and twelve continued to march across siberia it reached such cities as homesick and noble cbs its residents celebrating along with thailand and vietnam next midnight reached the cities of yet fifteen of berg and peons just an hour before muscovites celebrated the beginning of two thousand and twelve. and thousands were angry at the results of. russia's a parliamentary election results but this year's new year elections will take place in the race for russia's top job is on let's discuss it now with our karen the current chair hello karen and well happy new year to you first of all and will the new year also brings in new elections to russia tell us more about that. that's right happy new year to everybody very interesting first to say a very fond and very regulated new years here on red square everybody laughing yelling fireworks going off but more importantly with the protests this year in december amidst many many claims of ballot box stu

if you live in these places in hong kong, china, singapore and taiwan today's report says your economies will be the worst hit if the euro-zone can't find the fix because these economies here are most exposed to europe or are involved in banking or trading. now, the adb played out three scenarios for asia. the first involves a recession just within the euro-zone itself that could reduce growth by as much as 2% next year. the second involveds a deep recession in the euro-zone and that could drag the u.s. into recession and reduce growth by up to 2.5% by 2012 and third looks at a drop in european and u.s. gdp to 2009 levels, worst case scenario. there is a silver lining to all these and shows less fallout in asia than during the 2008 global financial crisis. the adb finally adds this, east asia should be able to weather another global financial crisis. that is if the region's policymakers respond promptly, decisively and collectively so the adb is keeping a cautiously optimistic outlook into 2012. >> all relative and certainly asia looks pretty good when you compare it with europe and the

in singapore. >> it is 4:00 a.m. in london. >> eurozone leaders are heading to marseille on thursday for a crucial two-day summit in brussels. they are gathering for the annual conference of the epp. they want to love the smaller eurozone nations, like ireland who have already expressed doubt. >> they will be heard in the french port of marseille. the u.s. treasury secretary timothy geithner is here at the end of a grand tour of europe. last night, he met with mary. -- with mariano majo. they sent a letter to rompoy. it is a new treaty with penalties to break deficit targets, committing governments to balance budgets. it rejects the half measures of a treaty amendment. also included is a proposal for a financial transaction tax. the british prime tester has vowed he will block any changes that threaten -- the british prime minister has already vowed will block any changes that threaten the brits. the stakes could not be higher. the man who drew up the lisbon treaty, former french president, will have to consider leav

bought her book in singapore. just

. >> it is 10:00 in the morning here in singapore. >> and welcome to newsday. >> the united states has consulted its allies in east asia after the death of north korean leader kim jong il. south korea and japan say they are preparing for any unexpected security issues. for nearly two decades kim jong il ruled north korea. his son has been named as a successor. john simpson. >> this is the weird, reclusive figure who ran the most secretive country and did it as if it was his own private property. looking on is his son, who was around 28. he will takeover to regard -- takeover. the old leader died on saturday, but state television only announced its today. the news unleashed a storm of emotion. in north korea you have to mourn a leader as noiselessly as possible, especially if the cameras are on. if you are a member of the political elite, you may be a release sorry he is gone. no one knows what will happen to the nation now. kim jong il leaves behind a country that is appallingly court. this girl was filmed secretly while collecting grass to eat. in an orphanage in the southern part of

bought her book in singapore. just really an amazing story. >>> tomorrow on "outfront" another amazing story. there's a new presidential candidate in the front of the republican party. they'll exclusively announce their candidacy here on "outfront." we have that coming up tomorrow night. right now, thanks so much for watching. and "anderson cooper 360" starts right now.

>> i am in singapore. get >> headlines for you this hour. in north korea, 11 days of official mourning for kim jong il began. >> more heavy bloodshed in syria. dozens of people have been killed in the latest clashes. >> one of the most timely has faced a difficult questions. the former editor was pressed repeatedly about phone hacking of the inquiry. he insisted he did not believe he would ever listened to voice messages. >> he has become a celebrity himself. the career of peers morgan has had ups and downs since his start. he became the august editor of "news of the world needed a young guest editor of "news of the world." by 2006, he established a new career as a television talent show judge, and then earlier this year he was appointed host of a high-profile tv chat show. he makes no secret of the fact that he relishes his status as interrogator of the stars. he was placed under oath to answer questions. when they came to phone hacking, the dancers became noticeably shorter. >> your newspaper was year the stock and -- near the top of the l

we go to singapore. pretty quiet earlier on. have things picked up? >> as you can imagine, it is a quiet time of the year for the financial markets. a lot of traders are away. the markets continue to trade. we have the nikkei and kospi anti wanna all open at this hour. they are trading a tad lower. of course they are looking ahead to u.s. markets reopening after a long weekend as well. monday had been expected to be the third busiest shopping day of the u.s. it had been dubbed mega monday. that is the post christmas holiday where people go to shop to take advantage of sales. they're hoping to boost the economy and in turn of their economies as well. we will keep up with japan and south korea that exports many products consumers by like the electronic gadgets and cars. we had the international retail federation predicting season sales would rise to a record four hundred $69 billion. that is higher than they had forecast. they continue to be concerned about the eurozone and the debt crisis. that is why a lot of investors are cautious until investors are

our guest joins us from the singapore studio. how is the region feeling as the funeral takes place of the former leader of north korea and paves the way for a new leader we know very little about other than he is young and inexperienced? >> i think they are nervous because of concerns. change like this means there is a risk for instability given the nature of the regime in north korea, but they also hope the new leader may embark on a lot of reform on pressure internally and externally, but now i think the overall priorities are stability and to make sure no. 3 honors its new leader -- to make sure north korea honors its new leader and to move forward into prosperity. parks as the new region -- is there a feeling there has -- >> is there a feeling there has been a failure to embrace north korea and get a better understanding of it? if you look at how the world has changed since the fall of the soviet union and the new democracies and the arab spring, north korea continues to go from one leader of the regime to the next, and peopl

they transferred the markets overseas through bank accounts in lichtenstein and singapore. by 2003 olympus transferred more than $1 billion in losses. between 2006 and 2008 the executives hid most of the losses through the acquisition of several companies and overpriced consulting fees. the report says two former ceos, kishimoto and kikukawa were aware of the scheme and then informed chairman shimoyama. >> the core part of management was rotten and contaminated the parts around it. the situation was a worst-case example of japan's tribal corporate culture. >> they have denied involvement. >> the former president michael woodford blew the whistle. he wants all the directors to resign so the firm can make a clean start. >> very, again as you would read through it, evident that the panel sees that the existing directors worked in an environment where there was no scrutiny, loyalty appeared to be not to the company. existing directors should resign at the earliest possible opportunity. >> olympus dismissed woodford as ceo in october after he raised questions about dubious trans

bush was president, huntsman served as deputy assistant secretary of commerce and also had a stint in singapore as ambassador. a storied career already, but now he wants the top job. jon huntsman joins me. pleasure to have you on. >> thanks, fareed. i'm honored to be here. >> why is it that most people think of you as the republican whom independents and moderates are going to love, but republicans can't really get warm and fuzzy about? >> well, republicans, as a matter of fact, are coming around and taking another look. they might have missed something at the very beginning. and that was a conservative track record as governor. i delivered the largest tax cut in the history of our state tax reform. we took that state to the number-one job creator in america. we reformed education by expanding choice. we created health care reform without a mandate. but i'm also the kind of leader who believes in bringing people together. i say we have too many levels of divide in this country. we forget that we're americans first and foremost. in order for us to get to the point of problem solving, the underly

bought her book in singapore. just really an amazing story. >>> tomorrown "outfront" another amazing story. there's a new presidential candidate in the republican party. we can tell you that they'll exclusively announce their candidacy here on "outfront." we have that coming up tomorrow night.

bought her book in singapore. just really an amazing story. >>> tomorrow on "outfront" another amazing story. there's a new presidential candidate in the republican party. we can tell you that they'll exclusively announce their candidacy here on "outfront." we have that coming up tomorrow night. right now, thanks so much for joining us.