well see british science. sometimes. margetts. find out what's really happening to the global economy in cars a report on. the grim search goes on the bodies of one hundred victims including many children have now been recovered following the russian's imposter posing. a former captain of the boat carrier says the ship was technically dead long before it set sail on its final voyage bringing all the details in just a moment. washington's a missile shield over europe chips away at relations with most of the us stands accused of taking advantage of an antique soviet sentiment to secure

a future places in. the asian giants competition in the years huge draw material exports to china keeps the money rolling in and you've got us worried it's making the country dependent on its fast growing. gold is near record highs while stock markets are has a ten thousand best as assess the risk of the debt crisis spreading further in europe one that's on business obscene twenty minutes. a very warm welcome to you this is r.t. live from moscow i'm sixty one hundred people are now officially confirmed that following the sinking of a pleasure boat on the volga river and what is russia's worst boating disaster ever eighteen of the bodies recovered so far are children who had been enjoying a day out with their families when the bull daria disappeared beneath the surface in just a matter of minutes on sunday. is following the search operation. but the moment

two hundred divers are working out in the volga three kilometers from the bank in shifts searching room by room inside the sunken bulger area pleasure to cruiser they are searching for the bodies of everyone that still left inside the ship and they have indeed reached the play room on one of the upper decks of the sunken ship where it's was thoughts by eyewitnesses there were many as forty to fifty children playing when the ship sank so fast it's now been found by the divers but there are significantly less children in that room in a few days time two special ships are coming up from further down the volga and they will in some days time try to lift the ship out of the water and then they'll be able to do a full inspection as to what caused it to sink and to sink so fast all of this comes back on to land as the bodies are brought back onto land and behind me

because riverport the number of flowers and cuddly toys and candles that are piling up against the walls of the river port here continues to grow as do the hundreds of people filing by looking at the lists of the dead and missing and paying their respects to those who lost their lives however there's also another feeling going here was well as of grief and that sort of anger and questions increasingly growing out of the revelations that keep in merging about the ship just earlier here at the river port a former captain off that ship the bulgarian came and revealed some alarming details about the ship's life before its last voyage. i became captain of the vessel in two thousand and seven ship had neede been renovated for a while before that there were big problems with the engines and power generators were repeatedly mentioned net to the management and even had an argument with them

then when i later returned from a cruise there was another captain waiting on the the. to replace me just so as you can hear there for his efforts the captain lost his job these debates will continue as to what caused this tragic sinking but it doesn't do anything to relieve the grief here on the banks of the volga. this is the happy scene that should have been this ship is designed almost identically to the bulgaria in this room almost identical to the one that children on that ship played in but for whatever reason their fate was very different. the in the. as crowds gathered in remembrance of those killed by the sinking of the volga pleasure boat it was the younger victims that seemed to cast the longest shadow.

the schoolgirls had lost one of their classmates. who was really study together for a year she never had arguments with anyone she was a very kind girl and was always ready to help. as divers reached the playroom one of the ball carriers upper decks they found the bodies of the children that had gathered there just before the boat sunk. once inside the boat with the ideas were everywhere in the corridors and cabins most of them were wearing the wifeless divers now have the awful task of bringing the bodies to the surface those left behind can only wonder at how fast their families were torn apart. our colleague was on that ship should mention a cruise together with her family has been five year old son and do think she was pregnant and was to deliver her second baby in august it is not found yet only her

have been managed to survive she and her son died. and for those children left suddenly without parents the terrible truth they may not be able to comprehend for years when she lost her mother and father we're all but will have to look after and she's only one of a few years old you know it is not tell her we can't she wouldn't understand but there is much that people don't understand about this disaster reports about the ship's engines failing about blocked emergency exits and electricity failure that stopped any s.o.s. or evacuation instructions going out criminal cases have been opened into why two ships passing straight after the sinking didn't stop to pick up a single person and into why the aging vessel was allowed to sail in the first place but for those who have lost loved ones the case will never be closed tom watson. more on how the tragedy unfolded as well as first hand accounts of the

possible causes of the disaster. that's our team talk. still ahead through the program here and also you deciding his fate covering love them high court session which will rule whether the extradition to sweden over the wiki leaks founder julian assange will go ahead. and the fury over the phone or scandal gripping britain goes international as the u.s. senate takes aim at rupert murdoch's media empire. look into the missile shield over europe labeled as the main irritant but it's hearing that behind rather a widening chasm in russian american relations right foreign minister sergei lavrov off the u.s. has brushed off moscow's concerns over the project maintaining the shields only to protect against attacks from rogue states but some say it's taking advantage of post soviet percent to see it through as i think it's going to reports u.s.

missile defense plans in europe are of course out for discussion here in washington foreign minister lavrov said russia for legally binding guarantees that a european missile defense project will not threaten russia's security there has been words before washington has many times said that the system would not be against russia but moscow needs to have it on paper some analyst explained that this urge that russia has been getting everything on paper with promises in the past that were not fulfilled for example when the soviet union collapsed russia was assured that nato would not be expanding towards these borders but he did it to continue recruiting new members of the bottom line is words are good but words even legally binding agreement are that our foreign minister lavrov said that's probably the most irritating issue in the relations between the two countries and there is a huge desire to leave it behind and to rather turn it into an area of cooperation on the grown the improve the basis of. this should not design of missile defense

which was a. accept is a reasonable way to respond to what is received as being the purpose of going to system so we want to stick to the original that there would be no parts of the system which would create risks for the strategic stability and for the potential strategic stability here in the mr pidgen course and most of the participants of the system russia has offered building the missile shield in europe together but that offer was turned down nato says russia and protests are paid but it can't be a joint project because russia is not part of nato so that also says if that's the case let's base our relations on agreements not just words the shield itself according to the state department will have the whole of europe covered my colleague alex a year after he went to romania where the u.s. plans to build the radar and found out what it means for the local population take a listen. the voice my of the romanian village of the still cannot believe his

luck after washington picked this place in romania region to locate a new raider base locals have been all smiles about hypothetical investment. when we first heard that the us would build a retiree we were a little bit scared elites who were informed it's hard to miss peace with mean infrastructure and possibly jobs from. proposed is to consist of greater facilities and interceptor rockets it is scheduled to be built by twenty fifteen and will become instrumental president obama's european anti-missile defense shield in the one nine hundred fifty s. an airbase in the town of devore seller in romania was used by the soviet forces now with washington's plans to replace the raiders station here locals have a job that's true bucharest changed its foreign policy again the place will be occupied by the chinese similar plans were no joke for some you know. the european

countries thousands in the czech republic and poland protested against the initiative to have military bases on their soil with mixed results while the first line of interceptor missiles was the ground she placed poland the czechs so you pulled out of it and on the south of france while in romania there have been no demonstrations like that at all there is a historical fact that makes romania one of the most cruel american countries in the world there is this sentiment and this feeling that. the presence of the u.s. is contra balance and specifically this is contra balance. the presence or influenced of russia in the region if there is the real case then what security would this new shield provide and most importantly defense from who knows what. it is unclear what exactly they're creating you as soon as we understand that this is

them going to be used against russia but will have legally binding guarantees to this tension will result lovers of it so experts say the issue will remain a thorn in the side for both moscow and washington at least until next year when the next nato russia council meeting will be held in chicago by the time construction of the raider facility endeavor solo would most likely be in full swing. let's see reporting from denver selo and book arrest in romania now i talk minutes past the hour her moscow wiki leaks founder julian assange continues his fight against extradition. to sweden wants to question the world's most famous whistleblower over sexual assault allegations supporters fear that extradition to the scandinavian country will open a way for the u.s. to get its hands on him that laura is covering the trial from just outside the courthouse. today is the second day of what's expected to be a cheery day haring cold feet appeal of jute enough songs a bit whether he's to be extradited to sweden we're expecting wednesday to be given

a bit to evidence on behalf of the swedish prosecutor's office since yesterday was given a bit to. defense i phones he left the court last night completely tight lipped he didn't wave to any of his supporters who were standing outside the court he just walked away which must be a direct instruction from his new legal team that he has high especially to deal with a steering a new legal team seem to have taken on a new strategy that much more conciliatory about this case a much more concerned with european door and specifically the european arrest warrants under which students request to be extradited has requested the legal team auguring that the european arrest warrant is invalid because of discrepancies essentially between the allegations that have been made and the testimonies told the two alleged victims that a full counts to be considered ranging from coercion of rights to break and

a defense team has said that there is nothing in the victim's statement that amounts to that in the evidence old lack of consent in those statements three of the full relegations they say wouldn't even amounts to crimes in the u.k. so it's very much the approach that that's taking hold they they are touring attention to the fact that i phone has not been charged in sweden that he's wanted them to question and that's a concept of the prosecution still it is has he actually been accused of anything and if not then the european arrest warrant is in we may be able to expect a verdict at the end of wednesday but we may know that the judge may refer the decision to another day he may put his often good decision a few days or even a few weeks time we're hearing. more from. our exit. the latest news and blogs and expert analysis that stretch out some of the stories i got for you are right now like the whole world famous fast food chain

turned into a grocery store while officially at least a mcdonald's in russia serves up a smart move to save us of its supersized taxpayer. also third time lucky a russian rocket powered to give six american satellites a lift into orbit for two days of. art and dock. all right you with us here live from moscow now the world's two fastest growing economies india and china appear to have reached an economic faceoff dry and sort of huge mutual export amounts but it's mostly a role materials on india's part of china it sells manufacturing goods be an even trade is putting and you've got to get a growing disadvantage as ip is prius reader explains. it's dragon versus tiger in

the battle for asian supremacy india and china actually the fastest growing economies with the world's largest population vying for power and prestige in asia and beyond where india led the way and i see in back of this is china research head in mobilizing its masses onto the factory floor feeling trade deficit and a reality india is forced to accept china is not as member to hobble the entire world in order to be believed the whole developed world do you remember saying that well they're using their own word and they're the source of their work. to laze to india post world class space in nuclear programs yet struggles to create every day jobs making every day good it's something this cotton tycoon knows all too well that it's cheaper for him to export to china to get the job done then like india buy it back. we make a profit of ten percent more in the international market than the domestic market

ironically indian officials say that's part of the problem with supply rapidly outpacing domestic demand. if you don't export then the cotton prices in india will crush and farmers will suffer even the original price this will increase the quantity of cotton and even the indian government is encouraging the export of course and can the cotton fields of india like the heart of the indian chinese trade relationship more than seventy percent of the exports from india to china are raw materials like cotton however ninety percent of the exports from china to india are manufactured goods if india is selling well then why should it matter well having a twenty billion dollar gap with your next door neighbor puts power in their hands and makes jobs and savings dry up at home and economists know that only by sewing up a successful manufacturing sector will india's large unskilled workforce be soaked up but it's a blind spot it's leading to blind faith. and we should focus on the. best

of luck. so. it's a very different world to see in future indian traders seem satisfied to go because the set up means the money keeps rolling in. the benefits in exporting is that we get a bigger volume of cotton and we also get paid on time but new delhi is worried knowing it has to cut its cloth before its economic run of luck is sewn up preassure there are t.v. in the air india. just a few minutes away from our business bulletin here on r.t. but for now the scandal surrounding rupert murdoch's media empire has gone international after u.s. senators called for their own probe it was news corp company follows allegations that some of the newspapers attempted to bribe new york police when access to the call rattles of nine eleven victims fueled by public anger the british parliament

even showed all the votes to pressure the mogul to drop his why out plans with the country's largest satellite broadcaster b. sky b. richard at this editor of the day online and you so believe the scandal will grow to threaten hold on his entire media empire where this does become a question of national security is the idea that police are selling private phone numbers and private contact details of people like the royal family and the prime minister all this is not necessarily the same to sell these things to a newspaper as it would be to sell them to a terrorist organization but if you can do one you may be able to do the other so it's very serious the whole edifice of news international is deeply intertwined with the downing street machine all that has yet to come out and will cause a lot more headaches but i think what people talk to and. expecting is for the scandal to go up through the chief executive of news international to james murdoch

and james murdoch himself and many people say should step down whether he's for. this scape without serious damage is also doubtful although i don't think he's going to retire or leave the helm of the company. i just twenty twenty minutes past the hour here in moscow let's check out some other world headlines for you and it's now our first struggling euro has struck yet another blow after moody's one of the big three credit rating agencies downgraded island's debt to junk status a move as a warning to investors to steer clear of the bailed out economy verges on the brink of another crisis the same agency called a political and economic firestorm last week going to do the same to portugal tech right out but also come to the bar from e.u. finance ministers to more regulation on the credit rating agencies. there's. a delegation of the libyan rebels is meeting with top nato and european officials in brussels as the military campaign approaches it's fifteen months before the talks began the belgian

a foreign minister and also the very looks group of belgium the netherlands and look some now recognize the national transitional council as the legal authority of libya and nato spokesman said it's hoped the meeting will be an opportunity to hear a vision for the future of the country and of the current situation. hundreds of iraqis were poisoned by a chlorine gas cloud that spread across a background off an explosion by a water treatment plant health officials say no one died in all those affected have already been released from hospital most of them were from the city's poorest neighborhoods security officials believe the blast happened due to a mechanical problem at the facility. well the taliban's biggest achievement in ten years that's what the group called the assassination of the half brother of afghan president hamid karzai the other half brother ahmed wali karzai head of the kandahar province a volatile region on the border with pakistan jerry van dyke who back in two thousand and eight was held by the taliban for forty five days so the killing

leaves washington with no one to rely upon when it comes to securing the region. well he karzai it was not just the governor or the shadow governor of kandahar he was the most powerful and the most popular person throughout all of southern afghanistan this shows that right now with the canadian troops pulling out and with the u.s. trying to now focus on eastern afghanistan feeling that they have controlled the south there is now a vacuum who is in power who can the west rely upon you know what the taliban have claimed responsibility for this but it's not clear that the taliban are responsible it could very easily be a power struggle i've also heard and others have reported that he was responsible for perhaps starting to bring the taliban together with the united states to negotiate their force someone would have had a definite reason perhaps pakistan perhaps the taliban to stop this we don't know yet who is responsible because they killed the person who had all the information

and it was an independent journalist and author gerry van dyke well coming away in just a moment here nazi is to me treat with a prisoner has to stay with us. goes on the. little pilot the international sanctions as it takes place employs on july ninth sentence. this little introductions by russian designers in the most beautiful services of central russia. this is a little unfair children's fashion show slowness likes of presiding over the festival. fashion festival. this is. what i see you watching business r.t.

with me to gold a straining near record high those investors run for safe haven assets from the debt crisis spreading across europe seen jacobson from side to bank believes the strength in precious metals will continue until the e.u.'s politicians find a workable solution coal is now the only currency even though ironically it's not really a currency that is validating your your long term investment criteria is in a sense said this is a currency that cannot be devalued by printing of money i think the reason why ball is going out right now is that everyone seems to sense that the political solution once again becomes for owing more dead at a day the issue we need to change to a sturdy there will probably take some pressure off the rescreening all but gold is going up today tomorrow and for the next week as long as the politician play this game of hide and seek and no decision making. stakes and seven companies to russia after accepting a bailout for its crisis said economy these will include gas pipeline companies and

to refine routes russian technologies corporation and state run gas from are now on those interested in the assets. than eight hundred million dollars bail out last month as the kastrup economy burnt through its currency reserves. european commission has removed quotas for potage coming from russia and belarus e.u. says the restrictive tariffs that twenty years ago are no longer relevant amid growing fertilizer prices. the world's largest producer by output currently it's around thirteen percent of europe's the non. sequitur to markets now and will is looking for direction pretty much rules action long flat to negative mostly right now this is as increasing u.s. crude supplies and the debt crisis in europe may hold demand through war materials therefore brant is declining sixty one cents lights went up just two cents. opium markets are still trading in the black the gains are limited after a downgrade of led by moody's investor service this is keeping sovereign debt

worries in focus of course a burberry group is up more than three percent in london making it one of the talking in years as the luxury goods maker reported revenues up thirty percent of the first quarter. this is the picture in russia more than halfway through the session the markets have actually turned red this hour though slightly by just a notch my sex one third of a percent if we look at the individual moves on the my side still see that actually some of the stocks are pretty positive as well because gaining quarter of a percent good better than the market that's after posting a one hundred eighty percent jump in first half net profits but that's on the russian accounting standards carly is up one point four percent after that lifting of production orders by the e.u. coal miners parts goes on a rally for the second day in a row of four point three percent this hour. despite the nervousness in europe infecting the russian market into western front out on capital still believes there are good stories of trading. speaking about sectors getting good listener vironment

you're likely to see more support for the defense in names like telecoms like utilities although you could argue what to what extent utilities are what our defensive but nevertheless the more liquid names like was hydro holding might not be good or bad bets in this kind of environment but nevertheless you also have the elections to look out for a lot of activities tend to be a so-so with high political risk. i mean ross telecom looks really interesting it's going to get the embassy i listing it's going to have a long listing and really we're seeing increasing interest to have names so i you know this is something which is both offensive but it's also a good story switzerland one of the top ten investors in russia the presidents of the two countries are meeting on wednesday for the you know gratian of the wholesome cement plant near moscow and to discuss a potential free trade agreement now business r.t. caught up with the economic minister to find out one of us is a looking for when it comes to russia there is need around the need for technology

here in new currently technology being. offered by the swiss companies the big companies and the smaller companies as well as the sides we in switzerland in from different branches russian products russian production the development here and there is quite positively and what we. are being one spaced on the free trade agreement is gross can probably be increased significantly and that's. all right that's it from me for today joe and i colleague marine across russia will be here in fifteen minutes time i've not played head lice thing.

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