free. free. free. free volunteer video. free media. russian media. prepares to host the voice but the rebels failed to turn up with analysts suggesting they're too close to some states not interested in peace. deadly financial dominoes for the screen looks like the next possible victim of your uprising after portugal's massive bailout package is unanimously agreed. and china some vicious plans to put its own station in order to cause concern of a new arms race. most of the funding comes from the military.

this time in the russian capital you're watching joshie moscow will host talks with envoys of embattled libyan leader moammar gadhafi later on tuesday with an offer to broker a cease fire in the country representatives of the rebel group from benghazi were also do in the russian capital on wednesday for a separate meeting but that visit was postponed for was described as technical reasons our discussion of a has more forces always explained its position on the ongoing conflict in libya very carefully and clearly it's always been against the violence it's always been against the coalition intervention lot of force by the united states and several european members of the north atlantic treaty organization it's called for an immediate cease fire and frequently and with heatedly asked both sides both participants up. the conflict to lay down their arms

and sit down to a negotiating table in an attempt to find a peaceful resolution to the ongoing and very bloody conflict in libya russia has now stepped up the offer to become a mediator in the process of negotiations the russian foreign minister sergei lavrov saying that russia does believe it could be effective in bringing about some sort of a resolution. that. russia is ready to maintain dialogue with anyone who is very interested in the quickest ends to the bloodshed in libya and switching to political negotiations we support the african union initiatives aimed at a ceasefire and beginning dialogue and reaching a national reconciliation sergei lavrov there reiterating of course russia's position once again and offering to step up as a mediator now to further that effect the russian foreign minister will be meeting with representatives from general duffy's government in moscow at hopefully attempting to enforce once again the necessity for us an immediate cease fire and

an end to the conflict an ongoing conflict in libya we know that representatives from the rebel government were also supposed to be present in moscow that visit is not going to happen now and according to my colleague and they check out in washington there are some clear cut reasons for why the rebel government might not be interested in a cease fire washington's perfect manually via mahmoud jibril the leader of lidia's transitional national council leapt in study in the u.s. for years and on his latest visit to washington he didn't fail to show how devoted he is to american values we. really believe and we. know what a message we get across to the american public that really here to join hands and democrats could be in the libyan soil and washington big join hands with those seeking to replace gadhafi and who power in the via. to help prop them up the u.s.

pledged to funnel billions of dollars of could up is frozen assets to the transitional council i am currently drafting legislation at the request of the state department and the administration there will authorize the trails for of available cash. to the council but the support from washington comes not only in money and tomahawk missiles but also in military command one of the commanders of the lead in rebel army is gen calif i have heard a long time khadafi to factor he lived in an washington suburb for the last twenty years before he took off to leave here in march this year to command the rebel forces calif i have her leave just minutes away from cia headquarters although any intelligence connections have never been officially confirmed at the moment we have cia operatives all over eastern syria and i kept cia agents all in there even before or going to recognize it and have been for install use in libya along

working alongside french intelligence and breeches s.e.'s as well they are my new collates in the agenda of this transitional council some cannily say the u.s. is using the turmoil in libya to propel to power people who would be loyal to their interests you daffy having been there for forty years plus had a will of his own so he had a significant degree of independence in it as on policies you look at this collection of gibril joe yunus and if there are these people are foreign agents they're nato stooges there they are completely controlled and they will never be able to assert any kind of independent autonomous libya the risks of the proper regime this will degenerate into chaos right now the rebels can only exist with complete nato support and number of leaders who were propped up by washington have faced popular discontent in egypt hosni mubarak had been extensively.

supported by the u.s. for decades despite the mess they disapproval of his policies yemen has seen violent protests over the rule of its president who many believe has managed to hold on to power only things to u.s. support and the government of hamid karzai in afghanistan has been struggling with public discontent for years and u.s. and its allies will go into the stablish some sort of a regime that we approve of but the process is not going to be a democratic one and in the long run the odds are overwhelming that the libyan people will reject that regime the american policy makers talk about this kind of thing are not themselves deluded they know perfectly well what they're doing they know it's not going to work in the long run but they have other reasons for wanting to have short term gains having clearly taken sides in the lead in civil war washington is now seeking to forge strong ties with whoever might come to power there but analysts say such an overwhelming support financial military and political never comes without strings attached i'm going to check now reporting

from washington our team on the ground in libya nato airstrike caused fires at a security services building and have quaters of the country's anti-corruption agency. officials claim the coalition was trying to destroy the files linked to corruption cases against the rebel leadership the two buildings that are close to the residence leaving your mark which has been a constant target for needle british investigative journalist john larson says the wives used to be readying itself more. nato as shown in other campaigns around the world but it starts off with this sort of pretense that they want to have a sure shot war and what it happens is it turns into a long protracted. war where actually who does want out of this the military industrial complex these massive military companies who are supplying all this weaponry to nato and the people who do best out of it in fact both sides. military

congress from both sides do well so i think that i don't think that the nato side really want to make this a short thing at all they actually would like a long protracted conflict and they would like ultimately to take control of libya's oil and libya's finances which is what this is all about we don't see colonel gadhafi going into foreign countries invading them bombing them attacking them we don't see these long protracted was carried out by colonel gadhafi i think he's the least of our problems and we could see tony blair george bush in the dog at the international criminal court. but still to come in the program china's space timetable. the chinese hoping to land a man on the moon by twenty twenty five and a man on mars by twenty forty i think these emissions is the kind these are causing some to wonder if star worst week two is approaching. find example our way from home fisherman in southern russia reels in

a dangerous catch. the finance minister unanimously bad day one hundred ten billion dollar bailout package for desperate in portugal the ministers are also to discuss extending loans to greece which. despite already receiving one hundred fifty five billion dollars bailout is now better shape and there's growing concern that spain one of europe's biggest economies i still need a financial lifeline of its own actions daniel bushell has the latest eurozone is in serious trouble there's a storm of controversy already growing over the seventy eight billion euro rescue package for portugal which has just been agreed by the finance ministers of the european union here in brussels several states have already come out and openly criticized finland being among them one dutch m.p. here told me it's really not the job of the prudent states in the european union to be rescuing those countries which have been more ridiculous for example portugal now the i.m.f. the international monetary fund is supposed to be coordinating this rescue package

it's also supposed to stump up a third of the cash but it's paid dominick's just can't has just been arrested on sexual assault charges in new york so there's two more there as well greece is a country that's already received a bailout but it's already asking me more cash now we're clear how taxpayers across the rest of the e.u. will react this time of economic difficulty to having to bail out those countries and the belgian foreign minister here the belgian finance them is the has said that he really wants to see greece sorting out its problems first before it gets more money now the four critically ill economies of the european union and then as the pigs portugal ireland greece and spain for the biggest economy and therefore of the biggest concern is spain we've seen our correspondent in madrid saying that there

is really great growing concern over the economic situation there we've got horrible statistics local most of one in two young people in spain are out of work the question is being too big to fail that may be a saving grace that the euro zone countries simply called the forward to lead a big country as spain go by the wayside fall as well. and reckless as terry cons aren't going to preserve an hour a flawed euro that's according to the terrorists and it is here at the european parliament from portugal. that the writing is on the rule says the euro will sue c.c. regresses starts as the original series he's with the architectural weaknesses of zero at the euro itself he said incomplete experiment the other one says that we can you know forge our way out of this through austerity and that we can service our debts through some. budgets but i think that ultimately will carry the response

is that is reality this is sustainable so it will break the back of the camels who are all right there and you know literally sooner that the european governments especially france and germany has one record as that's reality. well the u.s. has reached its debt ceiling of fourteen point three trillion dollars and is now making a marriage and see cuts to avoid defaulting the government is likely to take loans from two pension funds to help people flow of for a few more weeks earlier this year the i math lauren washington it urgently needed to deal with its national debt congress is now we go with the white house to see what america can borrow best banker rochdale she told r.t. the country doesn't have leaders brave enough to tackle america's crisis but what all of this will amount to is eventually the death of the dollar you know where the united states doesn't have a revenue problem we have a real spending problem you know as dr mark probert said you know we're really in

the end game here and unless we really start to rebalance ourselves there won't be anyone to show up to treasury auctions i mean this is and by the way style economics pretty soon if we don't get this issue in order no one is going to be showing up i mean what kind of message are we really sending out to our creditors here i mean if you are the leader of a company whose treatments covenants just about every quarter i mean do you think your creditors are shareholders will continue to finance your business i mean what this will amount to is a decrease in standard of living if we don't raise the debt ceiling but that's reality you know we're broke i mean that the woman has already been raised ten times over the past fifteen years and meanwhile the national debt has tripled and it's clear that these politicians have no real intention of going to the real fundamental issue at hand and that's where overspent and we're over leverage here as a nation and it's clear that they have no intention of paying this without monetizing you know from dominic sex crimes of the tax evader himself to me gee you know we don't have a real leader out there was really good really ready to talk about the real issues at hand here. as the u.s. and china ramp up pressure on each other over currency manipulation artie's max

kaiser has his own take on the situation all the latest details from wall street to cause a report later today. obviously this is the tell the wags the dog or vice versa you can't really say china is the currency manipulator if they're paid into the dollar which is being manipulated but it's the world reserve currency so they say well look at the possible manipulative because they live in a snow globe of denial they're in a world with a three hundred sixty degrees of fraud they don't see that there is a currency manipulator. and so take a look at some other stories from around the world that have the international monetary fund remains in custody in new york jail after being refused a one billion dollar bill donohue strauss kahn pleaded not guilty to raping a hotel maid but the judge said he was a flight risk sixty two year old who was arrested on saturday was u.s. favorite for france's presidential elections in two thousand and twelve and he has

played a crucial role in organizing rescue packages for use troubled economy. at least seven thousand people have been forced from their homes by series of wildfires in canada's northern province of alberta and president evacuation was hampered by the fast moving flames of ways as have burned through twenty two thousand have terms of land and caused significant damage to buildings authorities say another one hundred fifteen fires are threatening the area. shuttle endeavor blasted off from cape canaveral for the last time in a sixteen day mission it will reach the international space station on wednesday delivering a two billion u.s. dollars cosmic ray to tap for that scientists hope will help them discover the origin of the universe the flight was initially scheduled in april but was postponed due to problems in a power unit nasa is about to end its thirty year old shuttle program and its last project shuttle atlantis is expected to launch in july. well just as the u.s.

cuts back on its space program tyler has announced plans to put its own space station in orbit the sixty ton construction will be almost seven times lighter and the international space station if all goes to plan and with focus on experiments in space however the involvement of the chinese military is causing some concern aging space city opening its doors to the media as china announces its intention to build its own space station twenty twenty two rifle the international space station and while some see chinese advances in space travel as a potential threat officials here are keen to stress the spirit of cooperation they say is behind china's space program. and religion you're looking at rating with other countries in the field of space exploration and we're also looking forward to having more concrete join this work so we can promote the common goals of mankind augustine for the moment though china's space program is doing very well on its own

since becoming only the third country in the world to send a man into space in two thousand and three the chinese also carried out a space walk in two thousand and eight and the country isn't going to stop. trying as extraterrestrial ambitions go far beyond the launching of the space station the chinese hoping to land a man on the moon by twenty twenty five and a man on mars by twenty forty an ambitious timetable by anyone's standards. however it's the very speed and nature of china's space program that has some including the u.s. worried most of the tens of billions of dollars that the chinese have spent on these projects has come from the country's military budgets and with china's downing of a damaged weather satellites using a ballistic missile back in two thousand and seven some are now talking of the potential for a new space arms race. janus is the ability good space

program like any other superpower this technology is the most advanced and mostly used during peacetime but if needed some technology could also be used during war and there is nothing strange about those chinese officials deny the country's manned space program has any military uses and instead prefer to emphasize the spirit of mutual peace and partnership that acts as a driving force for its type in all its china's astronauts several european countries are expressing interest in using any future space station for research and beijing says but it's currently working with russia on its mission to put a man on mars and he malton forty aging. well europe is an aerospace power with growing ambitions despite economic crisis the continent aims to increase its missions to orbit and beyond r.t. talks to the european space agency teeth i hear this hour but what do you think the connection of fly to mars but we have worked. for planet earth.

in the course. of the do manned space flight is all thought but it's not only do the battle space because us on old are the best off space on planet earth and they are all put them off for all of the world they are working together there is no more notion of the space station. well it's coming up in about five minutes time here nancy before we had to business here is a look at a rather unusual catch our russian fisherman got an unexpected taste of the amazon or he hooked up rania to the surprise was a long way from home and i thought it was probably brazen of the year by querying before finding its way into strange waters all this catch of the day was lucky because it was kept as

a trophy and not turned into fish so well it will say letting the potentially vicious specimen into the river is nothing short of hooliganism but haven't yet put up any signs warning be aware pariahs. time now for business updates with katrina hobbs. hello welcome to all things business person for this hour b.p. and rosneft have reportedly made a mess of last ditch effort to save their time out but in most they cite a source saying that that often wasn't so she billion dollars to buy out russian aoa from t n k b p i'm joined now by making me think of the latest now what can you tell us the deadline for the shares not between between house and has expired so what can we expect next. well it's very very hard to say because no official statements from the policies involved what we have right now all just media reports

suggesting that what b.p. had was deaf have been doing because two days in attempt to salvage this is a multi-billion dollar odds against russian chess will feel is trying to apply out the russian cloth as in the russian the british joint but it's the n.k.v.d. be in better misty indeed as you mentioned suggests that an offer of thirty billion dollars plus shares was made to outback says that over the russian businessmen interrogating the this is a very hefty premium to be involved in price of fish and it's still unclear whether they have accepted or rejected refuse this rejected this deal but there were reports on monday quoting sources close to the negotiations get again these are not official statements that's dedicated to refuse to be offered to buy them out and they actually impose certain conditions which were quote on acceptable between andros now so what remains to be seen that close the deadline is balls that was

three am also heard so i midnight london time whether that's the deadline actually plays any role here except for pressuring the sides to come to it's hard to say whether the deal has been abandoned and we have to wait and see for. official statements but was never can do if the contract is abandoned altogether is actually sue b.p. and demand compensation. right well it sounds very thing it sounds like we're still in a state of speculation so we'll just have to wait and see what happens thanks for that . let's take a look at the markets oil drop for a second day of the concern that greece's debt crisis. grows light sweet is trading at around ninety seven dollars a barrel are brant one hundred ten dollars a barrel and it's time to look at how the stock markets are performing the asian markets up next this hour hong kong the stocks are under pressure following the losses on wall street and concerns about european debt problems property developers and some banks and lower if you like eight is the see down around two percent

energy producers have extended losses on weak crude in japan the nikkei is back to positive. electric is losing more than eleven percent on concerns over compensation payouts after the recent disaster in temper i'm for pushing the date you plan. and here in russia the r t s answer opened lower than my six is just about to start trading after losing nearly point six of a percent on monday. russia's equity markets have seen significant falls in the past few weeks but peter greste an asian capital believes that a rebound is on the cards once the shift back to less risky assets diminishes eventually there will be a bounce back in particular looking at the current world prices hundred ten dollars per barrel where the most is right now where it was at some level a couple of months ago there was eighty dollars so you know there's some kind of level that we need to talk about when it comes to all pros but i think rather than looking at the world president now people are looking at global factors i do expect

us to see volatility over the next coming weeks and i think the trend will be on the downside maybe for another week and then of course reaching the summer months when you really think ahead of the would. very active some of the very sort of some of the talking when it comes to cricket is i think in terms of the emerging market universe what is interesting right now is that there is a shift back towards developed market was sort of a couple of months ago as well. as we have risk aversion on the rise i think it's very easy to make the argument more liquid and more sort of what is perceived as less risky risky markets. russia's power generators are struggling to attract investments promised to the sector in a massive privatization program in two thousand and eight the man hasn't quite grown as expected and the state keeps curbing price growth the country's third richest man mikael proper off was reported to be yet another investor looking to get out of the sector his oxen and our nixon group sorry but whatever hard we

generated t.g. kate for before the crisis for almost one billion dollars the stake is now worth less than half that but for her off says he is not planning to sell just yet the last couple of years for the real this company is always tricky as you can invest in and we have a program to put drupal is a good solution void twenty teams that were a lot of companies to join us and say they want to buy some c. they want to swap shares but we're not reject and anybody in their investment program might be more interesting for all shareholders but we don't have any concrete officer now. that's the latest business for this hour but you can always keep up to date on line at r.t. dot com forward slash business well have all of you in just under an hour stay with us.

you didn't start all of a sudden. it's a long story of destroying the living under hama chucks. there are constant spills something leaks out here when they get done like that it's just if you took every fisherman out of the water and you don't do something about that water and while living in the habitat protecting the habitat the fisheries it's going to

collapse nature's steps by making way for the consequence or the sea look around museum and say well if the solar system does suit everybody humans well off incomes must be road systems bigger number that's true. and you have billions of dollars oil and gas state. real baby drill. one needs from there to cause them some months of high blood pressure to consider potential areas for development mid and south atlantic and the gulf of mexico. to the book. repairing

a broken ancient. highway construction and humanitarian aid. buses shady officials called it the spoils of war it's the people who pay the price. profiteering here is no longer just down to drug trafficking. afghanistan on the dollar. cost. ok on the fourth quarter. this street still cheap seats see

clips of times in the field of the soviet files on. the a. wealthy british. market dynamics. find out what's really happening to the global economy with much stronger for a no holds barred look at the global finance.