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country is suffering from malnutrition. egypt s ailing former president will next appear in court august 15th as his trial opened. hosni mubarak denied charges of corruption and playing role in the death of more than 800 anti-government demonstrators. the trial of his former interior minister is scheduled to get under way at this hour. in eastern australia, a teenage girl is safe but police don t know who strapped a fake bomb around her neck. police say 18-year-old madeline pulver went ten hours after a masked intruder came into her home in sydney. those are the headlines from cnn, the world news leader, i m monita rajpal. world business today starts right now. good morning from cnn london, i m nina dos santos. and a very good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the top stories this thursday, august 4th, japan pushes back. intervention takes some of the pressure off the soaring yen but can it last? there ....
one area includes the capital, mogadishu where an estimated 100,000 people have come looking for aid. the u.n. says nearly half the country is suffering from malnutrition. egypt s ailing former president will next appear in court august 15th as his trial opened. hosni mubarak denied charges of corruption and playing role in the death of more than 800 anti-government demonstrators. the trial of his rmer interior minister is scheduled to get under way at this hour. in eastern australia, a teenage girl is safe but police don t know who strapped a fake bomb around her neck. police say 18-year-old madeline pulver went ten hours after a masked intruder came into her home in sydney. those are the headlines from cnn, the world news leader, i m monita rajpal. world business today starts right now. good morning from cnn london, i m nina dos santos. and a very good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the top stories ....
and tyler, a scary day on the markets, to put it blunltly. what is causing this? well, there are really basically two things, i think, that are causing this. and this is one of those days, brian, that people go back and check their 401(k) balances all across the country, and they worry about the stability and the safety of their money. two things at work here. there are growing signs that both the u.s. and the global economy have slowed significantly. point number two is that a lot of the big governments, the rich countries around the world, germany, italy, great britain, the united states and japan, have serious, enduring, difficult fiscal budgetary problems. another way of saying it, we ve spent too much and maybe taken in too little revenue. so those are the two major fear factors and growing concerns that some of the european banks may be on very, very shaky ground. yeah, tyler, i just read a quote from a man you and i both know, a wall street veteran named art ....