Russian Deadly Train Derailment; Dubai's Atlantis Hotel
WHITFIELD: Russian investigators say a deadly train derailment between Moscow and St. Petersburg was a terrorist attack. Live from Moscow with the new information on this investigation, CNN senior international correspondent Matthew Chance -- Matthew.</s>MATTHEW CHANCE, CNN SR INTERNATIONAL CORRESPONDENT: Fredricka, thanks very much. That's right, a terrorist attack, that's what the authorities are calling this catastrophe that took place on a train track between Moscow and the second Russian city of St. Petersburg. Casualties figures have been climbing since that took place at 9:30 on Friday evening, Local Time. Now, 26 people confirmed as dead. Another 100 people or more said to be injured, some of them in critical condition, so there's a possibility the death toll on that could rise. The authorities think it's a bomb explosion, they're saying it is a bomb explosion because first of all they found a small crater under the tracks where the train, which as we say, was running from Moscow to St. Petersburg, but was derailed. And secondly, they say they found elements of an explosive device, some kind of a homemade explosive device with about seven kilos of high explosive contained inside it, which they say was responsible. And then there's a third element, as well. A second explosive device was detonated when the rescue teams were actually at the scene. It wasn't close by to them, it was on a piece of track running in the opposite direction. So, it was obviously an attack which was meant to cause the maximum casualties possible. And indeed, Fredricka, this is the deadliest attack by terrorists in this country for more than five years. And so, that's something very significant, indeed. Back to you.</s>WHITFIELD: And what about claim of responsibility?</s>CHANCE: Well, there's been no confirmation, no confirmed claim by any group that said they carried out this attack, but the finger of suspicion is pointing into two areas, first of all, the possibility Islamism militants from Chechnya that want a breakaway state. But, there's another possibility as well, that an ultra nationalist group, a group of extremist skin heads that may have been responsible for this. The authorities have launched a nationwide investigation to get to the bottom of it -- Fredricka.</s>WHITFIELD: All right, Matthew Chance, in Moscow, thank you. All right, three Americans died today in a firy plane crash in China. They were crew members on board Zimbabwe registered cargo plane. Officials say the aircraft's tail hit the ground during takeoff at Shanghai's main airport. The plane then veered off the runway and then burst into flames. Four other crew members were hurt, including one American. Finally, clashes between police and protesters erupted in Geneva, Switzerland, today. It was supposed to be a peaceful demonstration ahead of a World Trade Organization conference, but protestors began attacking banks, hotels and shops and cars were actually set on fire, as you see there, and windows smashed. Police used tear gas and rubber bullets to control the crowd. There were at least 20 arrests. A financial crisis in Dubai is fueling global fears about economic recovery. Economists are keeping a nervous eye on the Middle Eastern country and world markets, for that matter. CNN's Morgan Neill has more.</s>MORGAN NEILL, CNN CORRESPONDENT (voice-over): The party to open Dubai's Atlantis Hotel just over a year ago now seems like a mirage. At an estimated cost of $20 million it boasted a guest list of the world's rich and famous. Just two months after the Lehman shock, the dazzling extravagance seemed to say Dubai is immune, but it never was. Dubai World, which owns Nakheel, the developer of the manmade tree- shaped Palm Jumeirah Island, has now requested a suspension of debt payments. The move threatens to undermine confidence in a recent property recovery, and celebrities who bought homes there may find their property is suddenly worth a lot less. Author Jim Crane says that while established developments should be fine, Dubai's other artificial island projects, The World and Palm Deirah (ph), could be in trouble.</s>JIM KRANE, AUTHOR, "DUBAI CITY OF GOLD": It will take a special kind of investor and probably you know more robust economy for anybody to really build on one of those places. I mean there is a lot more practical places to build than on one of these little islands in the world, so that could be a white elephant for a long time.</s>NEILL: One of the firms, which has bought into the World has confidence in Dubai's long-term story.</s>GILES BESWICK, SELECT PROPERTY: I would disagree that it would be a white elephant. I think it will be part of the continuing development of Dubai as a city, and a tourism center, and an investment center for many years to come.</s>NEILL: But in the short term, DubaiWorld announcement has brought uncertainty and the prospect of a fire sale of assets to raise cash. (on camera): But just how far could the fallout spread? At this point analysts simply don't know how the news from DubaiWorld will affect the rest of the Dubai portfolio, which includes among other things Madam Tussaud's, a stake in the London Exchange and the London Eye. (voice-over): Whatever the fate of investments abroad, hopes that Dubai's inflated portfolio of luxury property was beginning to recover have been dashed. Morgan Neill, CNN, London.</s>WHITFIELD: How to say thanks half a million times. We'll take you behind the scenes of Operation Gratitude.