e.u. hits our credit rating agencies after a downgrade of portugal's debt to junk status leaves world markets panicking over a first bailout and the knock on effect elsewhere. high profile photographers are arrested in georgia suspected of spying as nine others are convicted for espionage and the country's opposition says the government is muzzling the press to cover up its own problems. and greece it just means that the last of the boats headed to blockaded gaza while the un is expected to publish a long awaited report on israel's deadly assault on last year's. rushers the

foreign minister describes in nato his role in libya as a cynical saying it's coming too high of a price of civilian deaths and they continue to stalemate. and in business russian equity markets close with the biggest gains in two months tracking global trends with oil majors the best performers join me for the details in twenty minutes from now. twenty four hours global news live from the heart of moscow this is artsy unjustified and unfair but with the power to determine the fate of entire countries that's the verdict of germany's finance minister on the world's big three credit rating agencies after portugal had its debt downgraded to junk status the move is having a disastrous effect on the e.u. ripping apart the relative calm brought by a second greek bailout the panic is proving contagious with fresh fears of merging

that ireland may also need another cash injection it comes as germany's the e.u.'s biggest economy debates very legality of the bail outs but the only fault of the ratings agencies is that they didn't downgrade portugal and greece any sooner. that's according to writer and editor patrick you know. the european union to three years ago said the problem with credit ratings were that their their ratings couldn't be trusted then all of a sudden when they actually come up with plausible ratings against the european union suddenly the finance ministers such as mr scheuer are saying that all these are just crystal companies because actually they're trying to get at the truth but actually one of the biggest things that they got wrong was the fact that they weren't being pragmatic enough when it came to the debt under debt problems of the european union not of their being on a strike and suddenly the politicians want to shut them up realistically i think the question to regency agencies must ask themselves because they were at fault here or was why they didn't get better returns a couple of years ago when it was absolutely clear to

a large number of us that the european union hundred really significant problems and they were caught up in the we have a euro euphoria but what's going on at that stage and actually the e.u. itself has been dragging its feet for months over problems in portugal and greece and the difficulty therefore is that the e.u. hasn't acted fast enough and hasn't tried to cure the situation and i think greece well you know what everyone ultimately gets fed up with someone who just keeps passing the begging ball back in a fist which comprehensively doing something to try to help the situation and i think that it would be a very very neat thing if greece were willing to sell their gold reserves because at least that would choose some willing to write their economy to deal with problems and to do with the fundamental problem of the public service as well the cash strapped e.u. is giving christine legarde much to think about her first days in charge of the i.m.f. she told reporters that she was picking up the baton from her predecessor to deal with the problems and reforms that began under the many stress can cause i think is

a christina for azhar reports there's still more interest in muckraking and money matters. from violence on the streets of the middle east. to protests in north africa to europe. for portugal's credit rating has been deemed junk. and in greece the open for unemployment hovers at about sixteen percent and the debt crisis has sparked anger nearly all of this anger stemming from poverty and failed economic policies in the u.s. as well high unemployment sits atop a mountain of problems like housing prices and slow financial growth. this is the world christine legarde inherits as she begins at her new post as managing director of the international monetary fund and her first formal meeting with the press at the i.m.f. headquarters in washington she seemed optimistic in her hopes the international

monetary fund is here to serve and to provide services to its hundred and eighty seven members it's not those that feel good news story but still the inaugural press conference for the new managing director of the i.m.f. there garner quite a bit of media attention most likely it had less to do with christine lagarde herself and more to do with the reason why she's here. and what lessons do you think could be drawn from the way the u.s. legal system to handle this transfer in case we could be any reforms in the human relay and human resources policies here you play in any changes and in light of the controversy over mr strauss kahn the controversy of course with dominique strauss kahn accused of raping a hotel maid in new york and that case now starting to crumble after it turned out the maid had credibility problems but back to the i.m.f. were low guard will take over let me ask you about a couple of issues what worries you the most well guarded her best to stay on

message we cannot be only driven by the hope to reduce fiscal deficits and organize fiscal consolidation in a big way whether you look at advanced economies or whether you look at emerging markets or low income countries the issue of employment. is a critical one the one hundred eighty seven nation organization has already lent one hundred sixty billion dollars to cash strapped nations many of which have little hope for paying it back. so the real questions are manifested here on the streets of some of the nation suffering the most are accepting aid from the i.m.f. has been presented at times as the only option as austerity measures are now being put into place the questions too are in the dollar and how its value may or may not

change under her watch for managing the debt crisis around the world will fall at the top of her agenda as the rest of the world watches with hope first ability in an unstable world in washington christine freeze out our team. still ahead for you this hour here on our to you why seeing the lights could be deadly. pilots of a passenger airliner arriving from its symbol of work that's sold by possible green lights aimed at their proper place someone on the ground but nothing but it's b.s. it's on them at some time before that deadly accident occurs. so our seven minutes past the hour here in moscow for people who've been arrested in georgia suspected of spying among them high profile photographers saying quoting the personal snapshots of the country's president the country's opposition has described the arrests as a publicist and stunt that follows the heavy sentences handed out there for spying

earlier this week so a group of russians and georgians. are you got this one offer more details on this device developing. now what more do we know about today's arrests dearest started early on a wednesday and went on and saw early thursday and some really high profile photographers have been the teams including the personal photographer or president saakashvili the official photographer of the tours of the foreign ministry and. going to worst this man has gone on a hunger strike in full just to his detention also photographer from the european photo press agency was detained as well and one from the associated press although we did receive who are glad he was released after having been questioned should be a relative selfie detained see that they could be charged with ask your knowledge their homes have been searched their computers and cameras have been seized and now human rights groups in georgia say that this is

a direct violation of the freedom of press and are demanding their immediate release. how are you going to what about what about the other case we mentioned concerning a group of russians and georgians are getting some pretty stiff sentence for espionage and what's been the reaction to that at this point. on wednesday nine people were found guilty by georgian authorities call for being part of us spy ring and supplying secret information to the russian intelligence service and they were given some really heavy chill sentences ranging from eleven to fourteen years of imprisonment you on this one was given to our russian citizen you east really go who is believed to by the georgian authorities to be the head of all for this the spy ring and also its connection with the russian intelligence service a lawyer say that this man is grievously ill and his relatives say that they can't even picture of him being a spy because this man could hardly use

a mobile phone but in general very aspiring scandals and controversially conspiracy theories are not new in georgia they've been happening quite often since president mikhail saakashvili came to power one of the biggest scandals was probably a few years ago when georgian authorities announced that they prevented a coup at one of the country's military bases but the opposition says they're into these are probably city stands being conducted by india. to vary the public's attention away from my real economic and political problems and they do exist so i just remember the recent violence clashes between antigovernment protesters and police in d.c. riots are you going to live in moscow thank you. well in a couple of minutes here on r t we report on how some people in russia are coping with the age old problem of growing old. people are apprehensive and proud of

aging mainly because of the associated health problems here in russia. operating loss of dignity is. just after ten past the hour here in moscow russia's foreign minister has slammed nato for its cynical actions libya during an interview with russian television so he laughed it off said the alliance's tactic of bombing the country into a few steps down has inflicted too many unjustified sort of civilian deaths in all of them has been following what laugh it off to say. we heard from a very vocal lover of today really criticizing what he sees as the essential mission creep of the ongoing outside intervention into the libyan situation now he drew comparisons between what's happening in libya and the bombing of the former yugoslavia and fight saying that the company named by nato against colonel

gadhafi has actually gone on far longer than the bombing campaign that was conducted against parts of the former yugoslavia. it's obvious that politics is a cynical matter we hear from the western capitals bombing should go. back but the human cost of these political statements is very high. well it wasn't just bad libya that was on the agenda for of to speak about he also brought up syria he did say this he was concerned that the focus seems to be wholly on the assad government and how to get rid of. this isn't acceptable that the opposition should resort to violence provoking peaceful protesters to join acts of violence and therefore making them a target for police or security forces. the for russian foreign minister also went on to talk about relations between russia and the united kingdom there have been some reports coming out of the u.k.

that a proposed visa free regime visa free travel between russia and the united kingdom would be affected by the death of alexander and young in two thousand and six while the former russian security offices there is according to mr notes one of those stumbling blocks when it comes to the missile defense shield has been many many many hours spent discussing this subject with the lover had more to say on it today russia would be willing to be part of developing this defense shield in eastern europe should they be allowed to. you know as it were he did also bring up the fight the buildings being written down on paper to say that this missile shield won't be used against russia which is something that. really isn't willing to tolerate he did also say that there is too much reliance upon dealing with the united states to do some of the idea of a european missile shield belongs to washington and right now there is a bruiser sound the way nato to join this us around global projects europe can only

make a minor contribution adding some second tier details therefore are a key partner in the negotiations is washington busy day for a lover of the russian foreign minister a triple header as you real world issues that he brought up today. reporting. a war of words between the e.u. and russia find out why must go saying and mind your own business to its european neighbors that's on our website dot com also online for you how a man dug himself out of a grave to take revenge on the man who tried to kill him. and the prank of course was a shoot a traffic jams on one of moscow's busiest roads as drivers rushed to pick up break money more on that and many other stories to drop. a french ship bound for gaza with a has been stopped and create it comes as the u.n. is due to report on last year's israeli raid on

a humanitarian for tylo which killed nine talk as i promised the reporters being held back because of the hour between israel and turkey which followed the attack neither side can agree on the wording of an apology policy or explains. when i come out of the dispute is the whole question of an apology and here is the bill is insisting that tel aviv apologize for its role in events so far these raids have refused to do this israeli foreign minister in particular i believe him insisting that israel will not apologize because you may be because the israelis off feel full that it will open the floodgates for whole flows of legal claims to be made against the jewish state instead israel says it will express its were great for the loss of life now for the last few days it was wrong because israeli and turkish representatives have been meeting in new york to try and hammer out some kind of agreement that is acceptable to both sides we understand that the sticking point is over the wording of the document now no doubt both sides want to reach some kind of agreement quiet figuring issuing this report because it won't help in terms of we

conciliation it will be much harder will there be consideration to be made after the report is issued but we do understand at this stage if they have to do it if the u.n. report says that the blockade is not illegal but it does criticize israel point six a use of force and you need to remember that that excessive use of force lift. citizens on board the largest ship or not the mamma did athens has imposed a blanket ban preventing any ship from sitting sail if it plans to sail to gaza what we do know is that one of the ships the strange growth which is called a dignity that has some eighty twelve people on board it's a sale is today wednesday but today when it stopped in refueling crete there it was stopped by the greek authorities and now the ship known as the audacity of hope its american captain was really detained the charges were that he was in danger and the safety of passengers he has been released but that is not this eerie a good sign of all because i'm not

a ship the canadian ship is known as the eva that ship did see it say oh it's also going full steam and turned to greece and made the passengers who come on board have been detained at the same time there is something happening. it's being called a flight and that is an expectation of some six hundred activists from fifty european destinations flying into israel's largest it will bring billion tomorrow friday mediocrities as you can well imagine are on high alert israeli prison is reporting that they have the names of some three hundred people who plan to fly in the israeli police are not confirming that there's no doubt they will be a lot of attention tomorrow on the airport where people plan to show their support not only for the tiller but for the people of gaza and palestinians in general. his policy reporting now airlines are at the most of honorable during takeoff and landing but now there's an increasing threat from the ground or the beam of light if it were to retrofit our reports on the police hunt for the hooligans with

a laser pointers which blind pilots of the worst possible moment. i already have become clear proof that the downs a laser in the eye can be an major distraction for food or question or not to do it manned and used but the consequences could be catastrophic if someone is targeted while flying an aircraft with hundreds of passengers on board and blinding powerless by laser beams has become an increasingly uses in russian over fifty attacks registered since the beginning of the year. the latest incident was a. poor one the pilots of a tuple of passenger ally in a arriving from istanbul were baffled by paul the green light aimed at the aircraft by someone on the ground just later and not that far. but nothing but yet it's only

a matter of time before that accident occurs we were blinded during landing just one hundred meters above the ground when we were only a kilometer away from the runway as a result we were in danger of losing control the crew was dazzled in a catastrophe could have happened. in the worst case scenario pilots can land automatically but not full aircraft can learn on autopilot and even if they do those in the cockpit need to remain in control and be able to see. the effect of a laser beam on a pilot can be compared to that of lightning a blind sheer potentially lethal laser guns imported from china can be bought in russia for as little as a hundred dollars firing a laser beam as far as five kilometers they can burn through paper and even plastic . in the u.s. sales of such devices are banned russian legislators are also considering outlawing them and toughening punishment for this advance though some are shining

a spotlight on the police calling for more action acquittals in court everyone's waiting for a new laws but there's no excuse for police and action on the ground our current legislation is good enough is allows for the arrest and imprisonment of such fools for up to ten years in prison as of now there has been only one arrest in russia for intentionally targeting an aircraft with a laser with his suspect still under investigation attempting to down a plane by other means would be classed as terrorism public concern in russia is rising about the potentially equally serious waste from laser allots and their high tech hooliganism it's in a grouch over our team. all right her twenty minutes past the hour now here in the russian capital that's check out some other headlines from around the world for you this hour in india at least thirty five people were killed thirty nine injured after a train crash into a bus at a railway crossing and drag it along for over five hundred meters the bottles

carrying guests from a wedding party that had stopped at the crossing due to a broken axe or the injured were taken to a nearby hospital with the help of local people who rushed to the same. parts of southwest china suffering from continued heavy flooding with rain it triggered mudslides cutting off access to a pivotal highway in the province of sichuan state media reports at least twenty five people have been killed across the country over the past week due to downpours seasonal floods have already taken the lives of around two hundred sixty people in china over the last month. but we're now in our regular russia a close up series our crew takes you to the gateway to siberia. rushers a regionalized south of the mighty ural mountains and is bisected by the famous

transit siberian railway the area is one of russia's main food suppliers giving it a rich cultural heritage with one of siberia's oldest cities as its capital it also has an aging population but its artie's oksana boyko reports it's found another way to give them a helping hand. she may be eighty nine but alexandra van a man doesn't have too many happy memories to dwell on a lot of us childhood a workaholic youth and hard working adult life as many as five she married an older man and devoted her time to caring for him they do have children so she always knew eventually she'd be alone most people used to ask me why i worked so. much they would so you don't have kids where you do need money and i would respond if i had kids to help me when i'm old and since i don't have children i needed to work hard at these they would accept me in

a retirement home yet her feet to get trained she could never have expected when alexander could no longer care for herself and was about to move into a nursing home a local family offering to adopt her overnight she received two grown up kids and a granddaughter who seem to need her just as much as she needed them my mother passed away and we just couldn't come to terms with it we were really longing to her grandmother in her house her advice her company and now the process around this family's part of the senior adoption program pioneered in dick around the region six years ago the local authorities say it's a win win for all involved senior citizens receiving family care and they're drafting family getting benefit payments in return. one hundred dollars a month may not seem like a lot but in remote russian villages where jobs are scarce any source of income is valuable. if you place a senior citizen in a nursing home it's cost the local budget between four hundred and five hundred

dollars per month but where they live with families is done for about one hundred dollars per person the economic effect is obvious but the most important thing is that elderly people enjoy the conference openly life yet despite its apparent all round appeal the program is still small involving only around fifty passion or is there is a cultural reason for it traditionally in russia elder care has been seen as a responsibility of family members being placed in a nursing home is still associated with shame and stigma and it seems that the idea of living with strangers is not the easiest sell are either. i just can't join galina and her mother the arrangement was it would be only for a year or so not to seventy two and has no children or close relatives and she's deeply concerned her deteriorating health will be a burden for others. i like it here we haven't heard

a single fight but one my for them why should they care for me when i can barely move around i don't want to burden anyone else i not doesn't feel there is a lot to celebrate about being all that helps her remaining time will be brief she starts at least now she has somebody to talk to. getting older is one of the biggest fears in the russian society with worries over terrorism natural disasters and crime and while in the west people are apprehensive about ageing mainly because of the associated health problems here in russia aging is linked to moderately loss of dignity and wellness. but at least for these two pensioners it's not longer the same old story a subway car or it's called on the region. toward the top of the business news with kareena you still with us.

are welcome to business this our europe is that belt has decided to increase its key interest rates by twenty five basis points in order to call inflation the move could help europe strong economies to avoid or heating it could also mean a significant increase in borrowing costs for peripheral countries james ashley from r.b.c. capital markets believes inflation is the main water there. if you look at the levels of grads. perfect stable for the year as a whole again it's a difference in three which is the whole of the individual from is really a stroke where it's the total g.d.p. that's followed in the u.s. in this quarter comparable to that in the usa the real issue is when some of the in the future economy such as we saw in the bush will it will see the second point impact even more important we see these perspective is that the debt problems are fiscal problems require fiscal solution lisa pease mandate is moving through policy and delivering a state reflation of the medium term horizon of this in just

a few show i think that does require further time even to policy so he can operate in a bubble we have to take into account the fact that these debt problems are considering that he's having a spillover effect since the financial markets and the real economy in certain pockets of the euro area but nonetheless when you look at the inflationary look at the time one is also he is still required. let's have a look at the markets now or prices are climbing after two new reports offer some positive news about jobs like twitter is trading at around ninety nine dollars a barrel this hour while brand is at one hundred seventeen dollars a barrel stocks in the u.s. are high at the start of the trading session boosted by better news on jobs the government reported thursday that the number of people making first time claims for unemployment benefits was the lowest in seven weeks target corporation costco wholesale corp and other major retailers are also reporting stronger sales for june european indices extend their rise after the european central bank raised main interest rate to one and

a half percent and hinted at more increases and coming months the bank of england has kept its key interest rate unchanged as worries about economies recovery outweighed concerns about target inflation in london hedge fund manager who probably three percent up recording record sales of nine billion dollars in the latest. and russell markets closed with the biggest games in two months the r.t.s. and it runs. point nine percent of the black bottom isaacs and it over two percent higher let's have a look at some individual movers album isaak's we're seeing gains in the energy sector i mean stronger cool with a well look caught up over two percent gas from gained over three percent as bad back was also off supported by news it may see a record net profit in the first half of the here. that's all for now stay with us for headline news with roy.

the. wealthy british soil. is no time to subscribe to. the. market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into.