a no holds barred look at the global financial headlines tune in to a report on r.g.p. . greece is shaken with massive protests over the government's agreement to raise taxes and cut jobs to pull the country out of its static hole. similar problems for the u.k. where around three quarters of a million teachers and civil servants are staging a strike to prevent their pensions from being slashed. because they're trying u.s. secretary of defense robert gates leaves three wars to deal with for his successor but many question whether the incoming cia chief will turn the pentagon's course some around. and business russia's gas giant gazprom announces it will increase

dividends and may boost investment to record levels join me for more on this now business bulletin in about twenty minutes time. it's three pm in moscow and this is our team coming to you live now with our top story this hour greek m.p.'s are set for another vote on the already approved tough new cuts in order to decide how they are going to be implemented the parliament gave the green light to the austerity measures to secure a further financial lifeline from the e.u. this sent thousands of angry protesters onto the streets financial journalist timothy quinn last witness the unrest in athens you can still. smell the chemicals that were sprayed when i walked a little tell i had my eyes started to tear up again and they haven't dropped anything since last night so it's really just residue. things that are coming out.

and in fact one of the things that is circulating here today is a video that shows police not just police brutality yes they were there's a lot of that but also police working with provocateurs agent provocateur which would be escorted into a safe location and they were communicating with and relaying information from so i guess what you're getting a lot right now is people are taking a break they're assessing the environment they are assessing the situation there's a report that the head of the pharmaceutical national pharmaceuticals or station here in greece is going to be filing a lawsuit along with other people against the government for use of illegal substances because these weren't just this was just here gas there were other chemicals including us fixated agents and that's why you see a lot of people here i shall then myself yesterday and on a lot of people other people saw them passing out not being able to breathe people inside the metro station not being able to breathe a lot more to hospital for that reason there was no low really in the violence yesterday there was no real break normally you get a kind of a break as a sunday gets a set and people begin to collect themselves for

a kind of renewed. amount of protesting and i bet you didn't see that yesterday i think that people here pretty much given up on the three hundred members of parliament that reside in the in the heart of the building across the street from the constitution square i think the only real option for them right now for the protesters and for the greek people is if some sort of political option or a movement develops out of the society out of the ranks of ordinary people who are intelligent or capable who come from universities who have some idea of what the country needs these this latest proposal is about rolling over debt but it's really about rolling it over so that they can be basil three compliant in case of capital . liquidity capital issues the banks are not really working to solve the problem in a meaningful way that can can can provide a lasting solution. you can share your view on what's awaiting the greeks now that parliament has agreed to new cuts most of you so far believe not give up their fight and push for early elections however many of those who got in touch i think were. austerity if you have

a common bankruptcy is still on the cards some even believe greeks should abandon ship and emigrate you still have a chance to tell us what you think will happen in free just go to parts me cough. but it's not only greece that's seeing massive one rast in the u.k. around three quarters of a million public sector workers are protesting against government plans to change their pensions out of the country state schools are closed and transport is disrupted as workers embark on a one day strike marches or emmet listen to the voices of frustration. down tools up with industrial action and autumn of discontent starts here as the u.k. braces for a wave of strikes not seen for decades this time it's three quarters of a million public sector workers walking out unhappy with the planned reform of their pensions which they say will see them paying a lot more and getting a lot less we don't think it should be by students with pensions he came from

deserves to have security retirements people are talking about withdrawing from the pension scheme because they can't afford to pay the mortgage at the same time as paying for the pensions and keep living young great time and bankers are making the claim this is a ok we're being asked to take a pension in our conditions to pay more for our picture it's reality is we've got to acquire the rest we just need to these people do a huge variety of key work from teachers and lecturers to air traffic controllers and coast guards unisons the u.k.'s biggest public sector trade union deputy chief paul babbly says his one point three million members already for prolonged industrial action we're almost a war footing we've got thirty million planes set aside and we've got a strategy work but i must stress that's not what we want to do we want to talk to the government and negotiate a sensible package nor. ridiculous package of the proposal at the moment that

package involves raising the retirement age from sixty to sixty six raising pension contributions by workers and having payouts based on average career earnings rather than final thousand the unions admits public support is fundamental to having a successful strike action the government's very unlikely to change its mind about reforms if the public at large doesn't back the unions but that's by no means a short public sector workers who already get very generous pensions and the cost of those pensions is very much which of the coppertone the burden falls on to the next generation it really is absolutely essential that public sector pensions are reformed and even after they are reformed public sector workers will get far better pensions and this present such workers the unions want to apply enough pressure to force the government to change its mind and it's no stranger to you turns it was hell bent on reforming the health service too until it decided to take longer to

think about it causing friction in the coalition the government's doing this to reduce the current fifty billion dollar pension bill but it may be cutting off its nose to spite its face that the white issue here according to the u.k. pension fund if you did it is a part of me if public sector work it's no don't think that helps it worthwhile it made me stop and if you think that if there was a widespread with full pension funds would collapse and that would leave u.k. p.-l. of the very shores of investment just what it needs it more than ever the unions will be threatening that what is the government listening to your average party loved at. first talk more about these strikes in the u.k. with political activists professor chris knight now joins us live from london professor knight the government insists the plans are fair to taxpayers insisting the pensions will still be among the very best why are people so angry surely they

need to accept something has to be done. well their argument of course is that. as a country we're bankrupt. just like they're saying that greece is part corrupt but we all know it's the bankers the parents are bankrupt they've got a huge debt slave the beginning of this year they are this government which none of us voted for all for seven billion pounds worth of bonuses and the government said feel free to talk in so i mean it is such an absolute disgrace as it happens i'm a retired lecturer you see you remember and i've got my pension but i would be absolutely incandescent to discover that after all those years when i have been working hard and pain my views the government and nobody elected in order to pay for a crisis caused by very greedy bankers and completely unaccountable corporations is raiding my pensions i'll be absolutely incredible because we are in progress and never last the government claims such measures are necessary to reduce the current

fifty billion dollar pension bill what do you think is the way out. well let me just speak in a personal capacity here in my view the way out has already been shown by what's been happening across the arab world tunis cairo to an extent in greece and we really need to realize that we do not live under a microscope and we live under a dictatorship rather subtle run but in this country we do not have a labor party we have this outfit called new labor which is just one of the flavors of the property party and the way out is to break in my view to break the dictatorship. and we need to be open it's what's happening what about who they're going to please everyone nearly all the economists want to sign this by forcing people out of work and by cutting people's jobs and reducing their wages what they're doing is actually making it harder for example greece to pay anything back not do they want to go down that road i'm suggesting no let's link up across europe

and let's let's take back our continent to provide for the people and let's organize an economy that a rational way instead of this completely insane way and just let me stress once again i mean what's what's happening here is that a crisis caused by bankers and. politicians or their pockets is what there are those politicians are making us pay as if. hardworking teachers hardworking civil servants hardworking lecturers and others are responsible for this crisis we all know that's not true so let's deal with it let's deal with the with the problem at its roots let's crack down on what i regard as actually electoral fraud and criminal activity that's crackdown on it right across europe and take inspiration from what's been happening in the arab world do you think the demonstrators are actually expecting their voices to be heard i mean strike tend to only work with the opposite effect most often turning the public against them if people are inconvenienced by these protests and strikes well as i was i heard in the herd in the in the previous projects program we have already seen that

discovery is actually very weak i mean nobody voted for it that's the to start with and it has really made a couple u. turns. we definitely think you can force a u. turn on this one and what's going to happen of course is that it's not going to just what kind of workers we're building towards it looks as if the government of brought down the building for something was something an absolutely enormous we're building towards something we haven't seen in this country so it's not going to search a journal story. that's going to be very powerful in the government will be before if it comes about we're going to come from a very poor political activist professor chris night live from london thank you for that. but if you missed anything we're covering it on air you can always find it online at our t dot com for news and i can sing videos here for you as well here's a taste in the you last more and more states are relinquishing their duties are running prisons and as private detention is thriving critics say it's because of the millions of dollars these institutions are making also.

music source to new heights as a not so astronaut joins legendary jethro tull's front man in and out of this world duet for more details logon to our team com. russia has criticized what it called the double standards being applied to the situations unfolding in syria and yemen foreign minister sergei lavrov said the unrest in the two countries are being treated in completely different ways. each of those many have been criticizing russia and china's position on the un security council's resolution on syria for the facts that we consider such a resolution approved for use i'll give you a simple example and situation in yemen is no easier than in syria there's a difficult civil war going on there with nobody's going to the u.n. security council to try and stop it so russia has long been opposed to adopting the u.n. resolution condemning crackdowns on protesters in syria moscow argues such

a resolution could only ask away violence in the country russell special envoy to africa is calling for a peaceful resolution to the syrian crisis saying that russia doesn't want to see the situation go down the same military power as libya protests against president bashar asad rocking the country for months. but the african union has condemned frowns for supplying weapons to libyan rebels its chief said the move threatens to put the entire region at risk and wednesday france became the first nato country to openly admit to arming tribal fighters who are striving to topple another daffy have recently been making gains and hope to advance on tripoli down laughlin from the institute of democracy and cooperation in paris as fractious action reveals the true colors of nato as efforts in libya. the admission that france is arming the rebels is very obviously an admission that what's going on in libya is a fight between the government and armed rebels and on bro bills are not civilians

so any attack by the government on armed rebels in libya is therefore not necessarily a war crime in other words this news is not only incompatible with the case that's being made for war in libya it completely contradicts it there is no doubt that the three countries britain france and america who are waging this war under the disguise of nato of course wish to see the rebels seize power by force and overthrow gadhafi we must be careful about using the word nato this war is being fought by britain france and america they use nato as the. leaf but nato itself is of course much bigger and there is not unanimity in nato only a few days ago the italian foreign minister said that there should be a ceasefire in order to allow humanitarian aid through so i think that this latest news from france will possibly increase tensions within the coalition although i repeat that the war is being waged by three countries using nato as a disguise. for almost five years he's been the man at the helm of the u.s.

military and responsible for the billions of dollars that have flowed into the pentagon for us from washington our secretary of defense robert gates is retiring leaving behind three wars and an ever growing defense budget but with the director of the cia stepping into his shoes critics doubt there will be much change in the pattern of course when each camp reports whoever's in the white house in the pentagon it's business as usual robert gates was secretary of defense to two different presidents obama was elected on a promise to end the wars of his predecessor george w. bush but america's worst continued and one more was even add it to the plate of inconclusive campaigns. or change between parties. there really isn't a great deal of training in the pentagon under robert gates his watch america's annual defense spending approach that really in dollars rising at the pace of about

five percent a year but statements from his office were often contradictory fence spending that nearly doubled the base budget over the last decade the gusher has been turned off and will stay off the u.s. is supposed to leave iraq by the end of the year but it seems that bad line is not final he gives all kinds of contradictory statements for instance not long ago he said that anyone who advised this course you are from land army in the middle of the asian conflict should have his head exactly yet at the same time. he's done everything you can he's flown over several times to baghdad to leave with nouri al maliki government to please please could u.s. soldiers day after the deadline at the end of this year the pentagon says they expect the iraqi government will ask them to stay beyond their scheduled december

thirty first departure date but with the announced troop withdrawals from iraq and afghanistan the u.s. started actively waging a different kind of warfare what they call an intelligent war one that's waged with drones without sacrificing the lives of their soldiers in countries like pakistan yemen and libya and many say that's the major shift that happened in military operations under robert gates a shift that some say can only lead to more destruction. the united states has increased the intensity of the focus on drone strikes those remotely piloted vehicles while targeting terrorists the u.s. has been criticized for killing mostly civilians it's also making us who are sick. sure from a policy standpoint we can't intervene over the world it just fuels insurgencies and few rules and i remember it as them and always say the deaths of

thousands of civilians in afghanistan are part of the reason why the us has failed at curbing insurgency there now the u.s. is preparing to pull out a third of its troops by the end of next year many afghans fear that less troops doesn't mean less bombs dropped on their homes as the u.s. that stopped aerial strikes in the region the possibility of waging a war without having to justify the deaths so the american troops has become more palatable for the pentagon the cia has been at the forefront of america's undeclared wars and with a new secretary of defense leon panetta who was the head of the cia the trend is only likely to change. the reporting from washington our team. the ukrainian court has seized the property of the country's former prime minister yulia tymoshenko the experimenter is accused of an abuse of power for stealing highly unprofitable deals

for the country on russian gas back in two thousand and nine investors claimed she wasn't authorized to sign such contracts those in ukraine about four hundred million dollars last week in a creek hearing to. court as a farce orchestrated by her political rival president viktor yanukovych and convicted she faces up to ten years in jail. egypt's fragile in terms of leadership is facing the strain with renewed violence on the streets officials have ordered a probe into clashes in cairo which have left more than a thousand people injured during today's approach asked riot police used tear gas to disperse demonstrators and pelted officers with stones and firebombs arrest began over the slow pace of prosecution of senior officials and police officers accused of brutality during the mass uprising in february activists are also calling for the speedy implementation. of reforms demanded during the republic toppled president mubarak analyst pepe escobar says many are frustrated by the lack of change. the regime is still in place and the political parties and the political

forces who articulating for the next elections they don't care about this they are just what we can i sing to grab political power later on and do it young generation the connected deal employed young intellectuals of egypt now they're back in the streets again because they see that essentially nothing has changed these people who committed these atrocities in fact against civilians especially in february. are still at large and. i would say it's a fair bet that they won't be good to trial for the next few months because most of the people who are actually protecting them still there and the minister of interior the problem here is these new forces in egypt. tell actually the unemployed the contract and the facebook generation it will generation they still don't have the political participation organized as well but the fact is that the

loser brotherhood is already very well organized even do a progressive streak of the muslim brotherhood is splintering and forming their own political party because these younger muslim brotherhood people they seek that the old generation is too conservative and that's absolutely true. a look now at some world news in grief for you this hour two french journalists who were being held hostage by the taliban in afghanistan have been free to be flown back home after spending five hundred forty seven days in captivity the two men are said to be in good health and good spirits but t.v. reporter and his camera man were captured with afghan colleagues in late two thousand and nine filming in a mountainous area of the country. as well as how delayed next week's major summit of latin american and caribbean leaders as will go chavez is still recovering from surgery in cuba because after state television

showed that fifty six year old talking to figure of castro in an appearance which failed to qualify and over his health chavez will also miss not celebrations marking the two hundred year anniversary of venezuela's independence from spain on the fifth of july the president was rushed into emergency surgery earlier this month suffering from a pelvic absence. the first tropical storm of the atlantic hurricane season has brought the threat of floods and mudslides to mexico's central gulf coast the state oil company is monitoring the situation and ready to order the evacuation of oil platforms if necessary every rains have already been falling in forecasters say many parts of the country could be swamped the region is still recovering from major flooding last year. kareen is here next with the business stay with our team.

welcome to our business bulletin this thanks for joining me russia's gas giant gazprom is holding its annual general meeting the company has announced it will increase dividends and made goose investments to a record level for more let's cross over to marina course who is the gas headquarters marina his do you. likely know one thing is for sure and that is that gas home is trying to do. increases share in the markets they're exploring new opportunities in europe and germany in particular exports increased twenty six percent in the first half of twenty eleven and that was due to hard to merit amid decline in production in europe gas rim is also focusing on asian markets it's trying to strike a deal with south korea india and china and this could increase its exports by fifty percent and their overseas earnings could reach record highs now twenty term results were positive sales revenues reached one hundred eighteen billion rubles and shareholders will be receiving just under four roubles per share which is the

biggest amount of money ever given by the company in the history now this year gas room will be increasing its spending and it will also planning to increase its investment program to a record forty four billion dollars back to you kareena ok marina acosta reporting from gastro his headquarters in moscow on the annual meeting of his company thanks for thanks very much for that. russia is about to realize its biggest investment dream the country's newly created ten billion dollars fund will come out with the first project in september the head of the. line it's a best of priorities. every culture prices are increasing dramatically saw a good business is very important health care. health care can be much more efficient and can be improved dramatically with for pretty vast amounts i was told her in ohio energy efficiency we all know that we are so much dependable manager prices are all sorts of new and if you can show technologists produce very significant cost savings so it's not venture oh poor jerks it's not for stage

projects those are the projects where we can see sort of predictable cash flow and such as energy efficiency it will produce good results but also good for the country. and thinking of the markets now all processes are lower after riling earlier this week the increase of all the u.s. and then stories report that showed a sharp decline that surpassed expectations light sweet is trading at ninety four dollars a barrel this hour and brand is that one hundred eleven dollars a barrel european stock markets are high as greek lawmakers approved additional sturdy measures this will help the country get more aid and avoid a default put c. is up with lloyds banking group surging overnight a half percent on a well received cost cutting plan other banks other banks will banks of grow back of scotland and barclays also added five and two percent respectively energy sectors active as well as shares of. over one to have percent rule that shell goes

point eight percent now russian stock some mix the saudi r.t.s. is higher and the minus six has slid into the red and you may just have lost ground which was likely lower now let's have a look at some individual samples on them isaac's truck maker come oz's gaining almost a percent supported by news and create a joint venture with it's been a rough ride of mars by the end of the year riverbank is also on the rise held by reports its a.d.r.'s have been approved for trading in london and frankfurt telecom is up over one hundred percent after it announced a six percent increase in that profit for the first quarter. and russian equities are struggling for direction but gay so that often a bank says blue chip names are still the pick of the crop. there is general mistrust for a second piece and investors don't invest and secondly as the three of you can clear reasons. that are not good there are many have very they do so in blue chips

as no one here probably is the most favored favored. by the market but there are some concerns that. the risk that they may supply the big local disorder the market on them in the markets and some discount and the solution with. buy is a rest from spare bought invest from the needle some type of send on taxes so also once a bit that there is something else on the stocks but most chips cheap or not the both ways us and i think is a for general optimism my wife's in the market the people that will buy the most informal chips. that's all the business is for this hour but don't forget you can always log on to our website already dot com slash business and five more business stories that for.

the a. move. just so. soon. to.

the summit. wealthy british scientists scientists and sometimes the tightly. markets why not succumb to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to the report on our feet in the czech republic and he's available in the hotel as scientists central hotel from a very nice a small street called the full stop by the much of a materialist in bosnia and herzegovina counties of in.