Business bites: Carnival shares slump after ship disaster


Shares in Carnival, the owners of the Costa Concordia cruise ship that capsized off Italy's west coast on Friday night, have slumped by 18%.

The company says the disaster could cost them $95m (£62m; 75m euros).

It is also worried about the implications for future business as it would normally expect a rush in bookings for their summer cruises at this time of year.

Meanwhile, Greece must secure a debt deal with private lenders to avoid going bankrupt in late March when it has to refinance billions of euros of debt.

The BBC's Aaron Heslehurst discusses key financial stories of the day.

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