after a short breather more small it is expected in moscow as wildfires in the fierce heat wave continue their grip on central russia. nationwide memorials mark a decade since the course submarine tragedy but families of the one hundred eighteen victims say they still struggle with the. fashion face off with a political twist german activist set off a close run to expose a rival seen as a flagship of neo nazis and. drought and forest fires across russia push inflation point two percent high in just a week i'll have that much more in the business bulletin in twenty minutes time.

broadcasting live from the heart of moscow this is our to welcome our top story now moscow is bracing itself for another uncomfortable cloud of smaug experts warn that a new wave of noxious smoke is likely to engulf the city after a burst of rain gave the capital a couple of days wildfires continue to burn near the capital though. shows no sign of abating. reports from the outskirts of moscow. but here in moscow we have had a chance to breathe fresh air for the past two days as the rain fell on the capital it has been a bliss it has been a break from all school whites however doctors are saying that during this time of fires people's unused systems went down very low and that we should expect significant increase in cases of flu and cold and other infections during the autumn during this autumn moskos there are jesus saying that the death rate in the city has doubled from of three hundred sixty three hundred eighty people at the eighty seven hundred people many countries are suggesting there is citizens not to

be the most good year in this time which you can hardly blame them for of course because the area around two hundred hectares is still caught up and blazes where we are right now is a park on the outskirts of mosco deeper into the park we're not allowed in because one hundred two hundred metres away from me there are still blazes inside that park so it does look like the blazes are slowly crawling into the city as well the russian authorities are saying that the number of fires is decreasing throughout the country however there's still about six hundred of them and they cover it and there are ninety thousand hectares more than fifty people have already died and volunteers are joining in to help fight the fires the area that has suffered the most from the blazes is the area around the city overdesigned which is not far away from moscow from where my colleague on the sanaa in our reports. for

some the destruction is already being swept away. for others it's sweeping towards them this is how it all starts with a small flame that can quickly engulf the entire forest making this a very fierce battle for emergencies workers and volunteers it has been sergei's job to protect this forest for years but this summer has become his worst nightmare worried about the most dangerous is going to. tree tops are burning and the flames move it incredibly first piece thousands of volunteers have joined in to help fight the flames widen fire breaks between damage to not harm trees and damage in the smoking earth. has to be said the work we have been doing here helps the effort tremendously the battle has been going on for weeks with over fifty dead hundreds injured and thousands homeless while the struggle to contain the flames below continues hundreds of tons of water are dropped by the emergency services

a day by helicopters and specially adapted aircraft. but sergei who will be here once the flames are finally put out is scared there might not be much left to protect. and some time to syria will be just complete heaps of cheese. and he's now a r t central russia. despite the fact moscow has had a gulf of fresh air after a burst of rain effects of the poisonous smog have washed away completely well they took we talked to meteorologists who explains why the consequences are so dire. doctors are saying and spending one hour out on the street breathing the small that is equivalent to smoking two packs of cigarettes. all those poisonous lead emissions were of such a scale that air pollution was at times of eight times higher than acceptable gas. even with the small gone we must given its many others have lost our lungs as the

trees around us that used to purify the mind now burned down. but the worst part of it all is that a lot of those hard carbon monoxide emissions and are stuck and yet most fair about when they mix with steam in the atmosphere it may create carbonic acid which then turns into acid rain because of that temperature abnormalities can continue for several years. now you can see the full interview with meteorologist avoid off in about twenty minutes time arundhati. now the prolonged dry spell is making russian wheat much harder to come by the season the harvest is expected to reach around sixty five million tons which is just enough to meet domestic demand the government is now halting grain exports for the next few months could be too but before they resume russia is the world's third largest wheat exporter and the announcement that

supplies are being cut forced prices to rise the un's food and agriculture organization says the russian government's moves are understandable. i sincerely hope that it is still not a case where we will have a grain shortage but there is certainly a very severe situation in terms of supply and the drought has been extremely severe and the production shortfalls are far more far more than dissipated as early as three weeks ago therefore it is understandable that the restrictions of. on exports is a one way to compact domestic food inflation especially the price of bread wheat mostly is useful and i think this is what the government at the end decided to do i'm not sure that there were many of the options perhaps they could have also considered taxing exports or perhaps do a good deal in knowing gradual terms but you know in situations like this as the year is the you know governments tend to go for the most secure of the measures

which is the total ban there had been a very extraordinary action to the ban in russia and the prices of wheat rose very sharply if you're glad that they have calmed down a little bit the market is actually taking into consideration of inventors that are available in other countries in particular in north america so that even invent results and we believe globally this year's global supply and demand for wheat although a bit tighter than we had anticipated it still is very. much manageable and we can even take care of the disastrous emergencies currently under currently in pakistan so the inventor's are not i mean russia is drawing down an inventor is it will be some more here and but in general terms we are in much better situation than for example in two thousand and seven and maybe should be true if you recall we had a global food crisis and i think that the russian solution given the situation not just with the grains but also be the fire and all the uncertainty surrounding it

really left the government without much other choice and it is understandable. memorial services are being held on thursday at one of russia's naval bases to mark a decade since the course tragedy the nuclear submarine sank killing all board most of the crew on the thirty. expect. the group's submarine russia's biggest post soviet naval tragedy to date on august twelfth two thousand the nuclear submarine sank in the barents sea. international rescue efforts failed to save anyone on board one hundred eighteen sea where's guy trapped in a watery grave waiting in vain for this. it's been ten years but it feels like yesterday when i think of the pain he felt it's cured me i would do anything give my life to take away his pain anything for my boy you must stay if

you. leave us twenty four year old son andy was a lieutenant on the sub she and her younger sons and grandsons visit under his grave all the time his memory is something very not prepared to ever let go. i'm a teacher not a military expert so i don't know whether the tragedy could be avoided but i do know they should have been seized. the have just saved their lives according to some. experts if rescue operations had begun immediately instead of some days later lives could have been saved official investigation results show that the explosion that tore apart the door pito section of the sub took place here afterwards oxygen levels in the remaining sectors where survivors huddled dropped dramatically by aug fourteenth navy official state of the chances of getting the sailors out allies were minimal week later when divers entered the sob one hundred eighteen people are

dead there have been many different versions of what happened to the sub some people believe it may have collided with an american submarine that was in the same waters others that it could have struck a mine left over from the world war two days but regardless of the theories floating about the human tragedy of course cannot be denied were ever forgotten castro's are about r.t. moscow. but coming up a little later a new trial. this time that's what it's a battle between two clothing companies with a german firm suing them over a parody that styles which were popular among the nazis. first free remove. clear cut. cases are used to be heard in the. review.

is invalid.

more than sixty years off the nuremberg trials the city has once again played host to a new case but this time it was a clothing manufacturer at the center of the controversy

a fashion label associated with neo nazis accused left wing group of defamation claiming its brand had been spoofed coordinate reports on an eagle battle that's about more than just clothes. an industrial dispute between two clothes manufacturers is an unlikely headline grabber but it served heated debate in germany. and it makes casual wear inspired by nordic mythology closely linked with the ideology of the third reich founded just eight years ago its line has already become very good for germany or nazis but last year the youth wing of the left leaning social democratic party decided to strike out against nazi chic we wanted to do something about the sub. methods they used to attract the younger people with it with passion with contemporary music outdoor activities because it's not like

the old fashioned neo nazi everybody news with the new uniform and the baseball bat or the new label star khiam or an obvious spot on their original prominently features a powerful marie stall obsessed with nordic mythology and its plan to rule the world of fashion thought style or fail to see the funny side and sued for damages brand choosing to file their lawsuit at the court in nuremberg the judge has rejected the claim saying store karma is allowed to engage in satire but in a protest that they did not deserve to be parody as peddlers of neo nazi although they had to change their logo because it resembled a swastika they now say they do not carry any nutsy symbols which are banned in germany on nor did they cater to a specific market i have people here who can i think for about. i have people here who could be my parents and i have people who are in my age or

younger. tara steiner say critics are oversensitive and have no respect for people's right to choose what they want to wear their clothes have already been banned in many official buildings they want to be the good ones. and three want to see the scoop on what the spare so they're called opponents say that they will not be happy until total steiner is no more it's very difficult to ban it for the whole country for example but everybody or most germans know. is a sign of. activists and we don't want this kind. of activity these kind of people as of now the total start of storefronts in berlin have been defaced in numerous nighttime attacks and there are a few customers with a lot of the company's expansion seems to be laid to rest for the moment despite

what many here want it's business as usual at this store in central berlin but what the controversy over the court case and the company itself proves is that there is nothing the german establishment fears quite as much as its own history. artsy. the u.s. says it plans to end combat operations in iraq by the end of the month and to withdraw all american troops by the end of next year more than sixty thousand soldiers are currently stationed in the country to advise iraqi forces but some officials say a power vacuum and political instability there is creating the perfect conditions for al qaeda to make a big comeback to u.s. backed militia leaders say the terror group is trying to drive them from to pay more if they return to insurgency and afghan war veteran jake to. it is growing because of america's extended presence in the region. the coalition forces have failed to realize what's making al qaeda grow al qaeda is growing because of. of

continued presence u.s. and nato forces in the middle east i mean we have completely surrounded the middle east and bases in united arab emirates and saudi arabia and in iraq and afghanistan in kuwait and as a result of our bases being there the greater islamic world sees that and they see their their environment being taken over by what they see as occupiers no i don't personally i don't necessarily think that the united states wants to conquer and control all of the middle east but i think that we definitely want to demonstrate power there so we put in military bases there the big problem is that this hasn't appropriately assess the threat the threat is five to seven thousand militants and every day that we stay inside the middle east those militants have fuel to grow. now to some other international news this hour the u.n. is appealing for more than four hundred million dollars in emergency aid for the flood victims of pakistan desperation is growing as millions of people face

shortages of food water after being delhi severe rains problems farmland infrastructure having destroyed and help is struggling to get through more than sixteen hundred people have died so far in the country's worst ever natural disaster. meanwhile the number of people killed as a result of extreme weather in northern china now stands at more than eleven hundred over six hundred others are still missing thousands of rescuers are battling to clean up roads that were blocked by the avalanche of mud and rock forecasters say my own downfalls are expected over the next few days. but bus which overturned and plunged into a ravine in peru has killed at least twenty four people injured several others four children are among the dead rescue efforts were delayed because it happened in a mobile phone black spot making it difficult to call for help crashes like this happen frequently in peru because of poor roads we use and substandard driving and it's. now as extreme weather breaks records around the world this year max keiser

and stacy herbert say economists should take a college into account. tara capital that's a good phrase i like that in other words this is what the economy is trying to deal with now because nobody cost to the true cost of air or water so oil the things that were just taken for granted for hundreds of years suddenly they're running out there is a little known bank on wall street called forest made sure it's mother nature's bank and it's calling in the loans billions trillions hundreds of trillions in loans and the earth can't pay those loans and the result is catastrophic eco failure in this case ecological failure.

is the cars reporters here in just over an hour's time lucky are coming up soon will have some expert insight into why rush has been baking this summer have a first step to run because the business news and all the equity markets doing stuff it's not a great week for markets around the globe the pace of economic growth is really in the spotlight and many investors a really pulling out of risky assets i'll have more market news just a moment but. abnormally high temperatures drought and forest fires have triggered a rise in consumer prices in russia inflation in the country has risen point two percent in a week that's the fastest pace in several months of say the federal statistics of its also revealed g.d.p. figures russia's economy grew five point two percent in the second quarter of two thousand and ten slightly worse than expected to be of russia's ministry of economic development have estimated g.d.p. at five point four percent. and those high inflation figures are likely to leak into the banking sphere with the refinancing rate and therefore the lending rate

appreciating. reports. russia's inflation rate has been sliding lower from fifteen percent two years ago to well under six person. and the end of the first half of this here but those days are. with the economic greer bound and drought their favorite food prices meaning the road ahead is. as we watch them off lightly because the sound thought they may pull me. through that russia. doesn't have enough time to allow its quite near the full benefit of this favorable month for conditions because right now with the accelerate inflationary pressure it would therefore we will see some upward pressure on the interest rates which in the way will have to the fall of the inflation the drop in inflation has give the central bank room to slash the refinancing read fourteen consecutive times to seven point seven five percent in the last year and a half to rescue this should have enabled retail banks to slash their lending rates

in loans to the real economy many banks certainly have done so but the boost to lending has been sluggish at best an industry says corporate rates are still higher than they should be and there was a douche this week president when video became aware of one being still charging eighteen percent and he wasn't impressed with the distrust between banks an industry still exists refinancing rate is low at an all time historical lows and credit rates are high but i'm unpleasantly surprised by eighteen percent this information needs checking eighteen percent is an intolerable rate with the current refinancing rate that means the profit is huge more than one hundred percent wish. to return their loan to reflect the risks they need to take as well as the costs the higher rates reflect more risk domestic borrowing costs will rise when the central bank leafs are great but it is still undeveloped financial system makes

capital even more expensive for and uses acting as a brake on the economy you need to do a business r.t. . let's have a quick look at how those markets are doing. down for the third straight session on thursday about some growing fears over economic growth the dollar has studied having seen its biggest gain in nearly two years as market has riskier assets commodity prices have taken a hit on news of larger than expected u.s. trade deficit and a downgrade of britain's growth forecast by the bank i think and. the r.t.s. has just started trading here in moscow and unsurprisingly stocks are following that stocks are down following that global downward trend the index has already shot about half a percent from my six in a few minutes and finished in the red on thursday with banks the worst performance energy majors are also dragging also drugs with gazprom losing two point four percent of my sex. trading one and a half percent into the close. nickel has called an extraordinary general meeting

for the twenty first of october the move comes after twenty five percent shareholder to sell disputed the outcome of the annual general meeting in june and pushed for arbitration involving it on rival shareholder interests in the london courts natalia clover has more. an aerial general meeting of norilsk nickel at the end of june has provided a new source of conflict. it's owing to ross with a twenty five percent stake in normal game for seats on the board but drew so which also has twenty five percent gain only three seats who still claims the voting process was flawed just suggesting the risk management which controls about eight percent of its shares through subsidiaries voted with interest russell says that the new rules board is controlled by an unhealthy alliance of interest and nor nickel and is demanding an extraordinary shareholders' meeting and new elections i think russo weren't quite prepared for the previous a.g.m.

no i believe the company did homework. this time around they're gearing to get through with interest because they are more prepared and they will just get more of their rector's the. work or even minority shareholders and i believe significant share of minorities could support. this time recent weeks have seen result proposed buying out the interest stake only to be met with interest and no risk management proposed buying out. analysts say a board change is now the only chance for a stall to restore its position in. interest has freed up six point thirty five percent of new rules she is from pledge t.v. bank a move that is seen as preparation for a buyback if that happens result could be left out of the game in the running of norilsk that in general in number of scenarios i mean but then surely they can sell a stake but i understand they're not willing to do it right now and now that option

that or sol would be willing to do is to match the company's most almost mean kill but this is not in the interest of interop. itself. so right now i see it as a bit of a deadlock so. ari i think the most constructive way right now is for the shareholders just to sit down and talk to each other the warring shareholders of no rules have previously put aside their differences at the height of the global financial crisis with an agreement not to try and take control of nerve and with parity on the board now that the parity has been broken and with both sides saying they won't sell observers say a new round of negotiations is the only way forward for business r.t. . and that so from the business scene for now but i'll be back with more for you next hour and you can always find those stories on our web site at saltine dot com slash s.s. .

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