minutes before someone called for help. the little girl named yuyu had been cared for since she was injured a week ago but died friday morning. spain's welcoming an announcement by the basqe separatest group eta says it will day lawn arms. more than 800 have died in their decades long fight for an independent state. those are the headlines. i'm zain verjee. "world business today" starts now. good morning in cnn london. i'm nina dos santos. >> and good afternoon from cnn hong kong, i'm andrew stevens. the top stories this friday, october the 21st. >> after gadhafi, the rebuilding of a nation, libya's new leaders looking to tapping billions of dollars worth of frozen assets. >> thailand's economy continues to take a battering as flooding hits more key industrial zones. and as we head into the final weekend of the rugby world cup, we'll take a look at how one dutch brewer is scoring his own success. moammar gadhafi is dead killed by a bullet fired by one of his own die-hard supporters. now the nation is embarking on an uncertain but gadhafi-free future. libyans celebrated the death well into the night the council says it will declare victory on saturday and begin working immediately towards a working government. it wasn't supposed to end like this. the interim leaders said they wanted gadhafi taken alive. when revolutionary forces found him hiding in this drainage pipe. the transition prime minister said that gadhafi was killed in cross fire when some of his own fighters attacked the vehicle in which he was being transported. now that gadhafi is out of the picture attention has turned towards his money and the possible $150 billion worth of frozen assets that the new government is eager to get its hands on. we have more. felicia? >> it's staggering the amount of money out there under the gadhafi regime and the question is what the difference between the state assets and personal assets? people have told me with regards to the state assets the uncovering of them will be a difficult process because they'll have to petition to the courts this was under a tire rant's regime. these were criminal assets. when it comes to personal assets "so will we be able to recover any of those? we don't know where they are at this point because they're so widespread. robert palmer from global witness can give us an idea of where they are. take a listen. >> the main way in which the libyans invested overseas is the libyan investment authority. this had $65 billion of investments. major banks butting goldman sachs, all held money for them or did business on their behalf. when gadhafi was welcomed back on to the political stage in the mid-2000s, the political elite were kick to open their arms to him. they all scrappled to get their hands on it. it's interesting to know the s.e.c. is reportedly investing goldman sachs for alleged bribery in relation to those funds. >> the global witness was able to get a secretly leaked document back in september of 2010 and that's the latest information we have as to where some of these holdings were so let's take a look. in this document the assets were total of about $64 billion, $65 billion, just one account. we can take a look at what the cash and deposits were which was about $20 billion alone sitting in cash and then you can take a look at where it was widespread over many different countries. we can begin in italy where he had holdings of unicredit and eni totaling about $2 billion then take a look at some of the other countries, united kingdom, shares of pearson, i stress this was in september of 2010 and the latest information we have on this and in germany he owned a large stake in seaman's. and in the united states, in spain, another 20 million and in the uk at lloyd's bank, 32 million and in the united states, another 20 million, charles, of bank of america, so his holdings were widespread throughout many different countries and that's what's going to be so difficult to uncover and let's face it, this isn't exactly the time to be selling any of your stock or bond holdings because the market has been so volatile. that's why they're held in different places throughout the world. it will take a long time to uncover and possibly years for the libyan investment authority to get this back into libyan hands. nina. >> felicia, thanks. for libyans there is an everyday reminder of the man who ruled them for 42 years. that's because his face is on their money. they have been buying wads of these notes, what we're seeing a 1 libyan dinar but thousands more than their face value and a moment in history. andrew? >> always looking for a way to make a quick dollar somewhere. the civil law in libya may be over but the economic fight is just beginning especially in the country's main industry which is oil. analysts say it will take years for the oil fields to return to full production. ramy inocencio is following this part of the story. >> there is word but let me just bring up this chart that i have here basically saying that the thought is libya is producing this much oil per day for a perspective, 350,000 barrels per day up from near zero and current market rates means libya can make $80 billion. it's a far cry from the hundreds of billions it could make during the prewar measures. this may not happen until 2014, the view of deutsche bank and mckenzie woods and it's in tark contrast to what rebel officials are saying they think prewar production levels might be attainable by the end of next year. some opec countries are agreeing but depends on a lot of factors. for instance, for one, how badly damaged are libya's oil wells? right now that's unclear, but even if the wells weren't severely damaged a lack of continue maintenance means they could actually fail pretty fast. there's also not just damage to the wells but libya's transport infrastructure, the ports and roads that are vital to getting the oil to market. on top of that many of the trucks and offices are thought to have been looted. if isn't that all to talk about there are physical obstacles and major political hurdles to overcome and, for example, in a research note from deutsche bank it points out libya has 140 tribes and factions and has to form a new functional government and that it has to put together a new oil ministry and pass stronger hydrocarbon laws to attract foreign oil -- one thing is for sure getting it flowing again is going to take a while. >> ramy, thanks for that, ramy inocencio. nina. >> let's turn to see how the markets are faring and what's affecting them. well, no price for guessing. the story remains the same, france and germany's leaders, it stills they're still at odds how to handle the debt crisis. eu finance ministers will meet in brussels ahead of the crucial summit sunday. it could still be quite a while before we see anything concrete being decided. eu leaders just scheduled another summit to discuss the crisis further next wednesday. and in the meantime, protests have turned violent on the street of athens. greece's parliament passed tougher austerity measures. at the center of the fears is the failure of the euro. the single currency is faring, it's reversing some of its earlier gains as investors remain cautious as to whether eu leaders will actually work to solve the economic crisis. the dollar is currently trading at about -- sorry, the euro is trading at 1.3740. it mitt a nine-month low against the dollar and one strategist said yesterday it's amazing how the euro has managed to hold up strength against the dollar despite these concerns. japanese yen more or less flat at 76.69. investors breathed a sigh of relief after the latest round of austerity measures. as you can see in europe in the meantime, they are trading and trading slightly higher. cac 40 up 0.89%. this is more or less how they fared. we had the measures putting on an interesting performance. if we look at the future markets they are more or less mixed. as andrew and i will stress we have another five hours or so before u.s. markets start trading. anything can happen between now and then. so mixed performance yesterday for the u.s. markets, broadly speaking the futures indicating a slightly positive start at the moment, s&p perhaps the laggard, only modest gains there. andrew. >> nina, especially given the uncertainty around the eu summit. are we going to get a clear resolution on what's been happening in europe? here in asia markets mostly lower. doubts of that to the euro crisis persisting. japanese export numbers. exporters counting their blessings today. the government announcing plans to pump an extra 2 trillion -- roughly $26 billion -- into subsidies to counter the effects of their strong currency and keep japanese production facilities and jobs at home. well, certainly the exporters seem to like it. the exporters -- take a look, panasonic up 3%. mitt beneficiary was the only one down. they didn't do enough to bring the nikkei out of its week of close for the week. but, you know, it's virtually flat. hong kong up just a fraction as well, very little movement at all and does sum up the uncertainty and caution ahead of what we can expect or the surprise or disappointments. and that's the reflection of the investors' minds in asia. >> after the break we'll stay with asia because as the 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it road and there was no water here at all. now, local residents say this happened in just the last 24 hours. further into this neighborhood just a little earlier today and we were thigh high in water. there were people who were desperately trying to save any processions they could from the ground floor of their houses and trying to move it to higher ground. some were evacuating and trying to take all their possessions on any boat they could find, anything that would actually float. so certainly for this neighborhood there is a lot of misery. it's likely that this neighborhood is a casualty of the government's decision to open some of the canals to try and ease the pressure of water that's coming down from the north. they announced this just recently that they were trying to regulate the flow of water through central bangkok. of course, this particular area has flooded significantly. there's not much confidence in the government here, i have to say, after the beginning of the week, the government said they thought it would be safe. they had to use a huge movement and many are having to fend for themselves and evacuate their own houses and whoever has a boat can trying to help. whoever doesn't have a boat -- we haven't seen many military trucks and residents say they haven't received aid at this point. paula hancocks, cnn, bangkok. >> a look at the areas affected by the floods. karen mcginest is live at the cnn international weather center. karen, is there any letup in sight? >> it looks like we are starting to see the shift as far as heavy rainfall is concerned but nothing is going to make it improve because the water is already there. so we're looking at several more weeks where that rainfall is going to be fairly consistent, but we do have high pressure expected to move on in and drag that rainfall a little bit further towards the south. you have to remember that these river basins, it all just feed in from the north towards bangkok and lean towards the gulf of thailand have been running high. what we can expect over the next 24 to 48 hours, a continuation of the floodwaters across the region means we'll see situations like this. this man carrying a small dog and helping someone through the flooded waters, this is kind of a typical scenario that we've been seeing across most of the provinces of thailand. here several containers are floating in the floodwaters and they've crashed through a mud and sandbag bridge there. and they've sent out the rescue boats just to try to get people and their possessions off of some of the floodwaters there. well, the monsoon season is weakening and as i've mentioned this is typical. they're used to heavy rainfall but this has been extraordinary. some of the worst that they've seen in about 50 years. it's already claimed in excess of 300 lives. but all across southeast asia, it's affected about 30 million people with just in the bangkok area, about 600,000 people have been affected from this over the last few weeks. back to you. >> okay, karen maginnis, thanks for that update. it's taking a heavy toll on the country's economy. when we come back we'll be examining the impact on the country's all-important manufacturing sector. do stay with us here on "world business today." imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. call the scooter store for free information today. welcome back. you're watching "world business today" live on cnn. well, the bill for the damage caused by flooding in thailand is expected to top $2 billion but the financial fallout after the disaster could be far worse. businesses are in disarray after several major industrial areas were inundated by floodwaters. now the bangkok post is reporting another industrial park north of the thai capital has been totally flooded. a large number of them are stranded inside their factories. in the meantime, sony has been forced to delay the launch of a new camera and headphones after two factories were suspended. well, key components supplies in thailand had been hit hard by the record flooding. one of them is hana micro electronics and the company's ceo joins us from bangkok via skype. richard, welcome back to the show. for what you've been seeing over the past 24 hours, do you think this is now a losing battle to save the center of bangkok from the flooding? >> good afternoon, andrew. no, i don't think it's losing battle. but obviously the situation looks very grim. you know, what we understand is happening now is this enormous amount of water is heading down from the north as it passes through all the industrial states including the one where we were situated and it's moving down into the central delta region of thailand and the government as i understand it is trying to push the water to the west and to the east to avoid the central part of bangkok. but we believe that the ability using these enormous pumps and so forth is probably less than 50% of the capacity of the water that's heading down and, of course, you know, this is the huge -- >> it sounds like it will be flooded. >> it already started. when i went to work i have to cross a main artery heading from the north straight down the middle and that was already breaking its banks and i just got through. i'm a little concerned about how i'll get back because now i guess it will be that much higher. >> there has been some criticism of the government and their handling of this crisis so far. what do you think their response has been? has it been adequate? >> well, in a word, no, really but in reality, i don't think everyone was prepared for this. maybe that's a criticism. we should have been better prepared. i think more information from the irrigation department, you know, could have been analyzed and understood. i just don't think anyone estimated or could really perceive the magnitude and scale of what's happened. >> you talked about misinformation. was that coming from the government or media. what sort of things have you been hearing? >> well, at the moment, the rumor mill is rife. various district areas are looking after themselves. there have been false alarms. there have been no alarms. and the guy who shouts the loudest gets the attention. there hasn't really been any understanding into how people concede a real sort of command and grip on how we'll organize this. and the other thing that exacerbates the situation is that there's always a situation where you build a dam and on one side someone will be flooded and on the other you'll be dry. why should i suffer and you don't and the dams at night are broken and there's a lot of this tension and this fighting going on. it's happening right now as we speak on that dam i just -- canal i just spoke to you about. >> and the floodwaters continue to rise. thanks for joining us. richard han, ceo of hana. when we spoke to richard yesterday, he was saying that his factory just north of the capital had been flooded. he's lost about 35% of his business so far. they've relocated some operations into the capital but as you heard there it's very 50/50 whether he's going to keep that going, as well. very difficult situation. >> yeah, these floods having s