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horn of africa. the united nations says it has received half of the $2.5 billion it needs to tackle the crisis. china says it is slowing down its bullet trains and stopping new construction because of an accident that killed last month that killed at least 40 people. the accident was blamed on design flaws on equipment. and syrian troop -- efforts are growing to end the crackdown. under scored the urgency of the situation there. those are the top stories from cnn, the world news leader. "world business today" starts right now. good morning cnn london. >> and a very good friday ...

All of the uk's exports. and 1 % of irish exports are actually sold to britain. that just illustrates the reciprocal relationship here. facing a three-year decline following a property market crash and banking crisis, ireland, of course, as we all know is mired in debt and it's also the recipient of a european bailout. >> the question is what caused ireland's sharp decline? fingers are pointing at the boom that went spectacularly bust, particularly in the housing sector. cnn's donna magnate has that part of our story from the irish town of mullengarr. >> reporter: building materials abandoned ...

aftershocks, japan enters recession for a third time in a decade. as industrial output freefalls and consumers hold on to their cash. and the crumbling foundations of a failed property market. we'll look at the wreckage left behind by ireland's housing crisis. facing multiple charges of sexual assault in the united states, the managing director of the international monetary fund has resigned. dominique strauss-kahn tendered his resignation just a few hours ago in a letter to the imf. in it he writes i want to protect this institution which i served with honor and devotion and esp...

Especially with the property bubble going on now the chinese government recognizes this. they have a goal of building 36 million low-income units by the year 2015. how will they do this? and where will they do this? >> well, actually, china needs housing almost everywhere, in any major city and second tier cities. the primary reason is that the -- after the 1998 housing reform there are no more government-subsidized housing anymore. as you can see, in china it takes about 10 to 12 years of gross earnings to buy a place, which is excessive. most of the commercial housing simply is beyond the af...

>> yeah. those wall street futures ticking up quite in the last hour or so helping europe there and too late to help asia even though it was a pretty good monday, really, if you look at the nikkei up half of 1%. hong kong down, continued fears of the chinese government doing with the property bubble in china and hurting hong kong property developers, as well. afrart hong kong, it was a fairly good picture across the region this day. just before we go, a quick programming note. you will probably be aware we were planning to bring you word from egypt's finance minister. sadly, we haven't been ab...