in india she's available in the movie the joint the hotel rooms a movie that's a great way to go to the grand imperial truly the george weston to school until you can a letter to the socialist good to see don't need to go and. read this and the colonel was so chilled as you secure a treat. from arrests over the u.k. phone hacking scandal rocked rupert murdoch's already shaken media empire the public fury over the case challengers and the future of britain's and newspaper industry also. they've got to take a no no they've got to take a chainsaw to government spending and do something about it calls for the u.s. to cut spending and threats that the country's credit rating might be downgraded if lawmakers fail to raise america's debt ceiling as more e.u. states crunch deeper their own economic crisis. and i one hundred and

thirteen of bodies have now been recovered from the water after sunday's a pleasure cruise a disaster. continue the search for around twenty still missing. and business markets come under pressure own fears the world's biggest economy is drowning in debt and one save itself will have more influence in minutes. it is just after five pm here in moscow you without saying i'm wrong reception welcome to the program. executive editor of the disgraced news of the world has reportedly been arrested over the u.k.'s phone hacking scandal british m.p.'s meantime and pressing rupert murdoch to face questioning over continuing allegations that several of his newspapers were engaged in a voicemail hacking and

a bribe to senior officials but it's also he's a lawyer and that reports the media mogul's a red hot rise over the decades was littered with red flags warning of what was to come. rupert murdoch's push to expand in british media has come to a halt public and political rage overthrown hacking the sports news corp to drop its bid to buy satellite broadcaster b. sky b. but some say he's already killed the british press and they were saying it as far back as one thousand nine hundred eighty one that's when he went on a media spending spree and bought amongst others the world renowned times newspaper news international has been playing a toxic part of our public life for so long but it worked under his ownership circulation just kept on rising in a market that killed authors and sky t.v. a loss making and obscure satellite network rocketed to become the biggest player in the u.k.'s pay t.v. market i do admire rupert murdoch because he's

a risk taker when he bought the times and sunday times of london there are people who will say that he saved the newspaper industry but now it's clear that success came with a heavy price tag morality murdoch's journalists kept the ratings high by violating and exploiting a vulnerable they hacked the private voice mails of families of dead soldiers and murdered children essentially we've seen criminality and invasion of privacy on a staggering industrial scale not even the rich and powerful could escape their chancellor gordon brown's baby was splashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the heart of the police force senior police officers were bribed by journalists for tipoffs on sensitive investigations private lives were made public and now we've got. to be somehow going to gordon brown's private boy you

have to start you have to stop what else is in of course it's not only it's not just going to you. what we call blankets these are people to help train information what should be private sources like medical records tax records it's taken thirty years to the worst fears about the british press to come true come true they have the murdoch may own successful newspapers in an ailing market but their papers which have lost their greatest asset the public's trust the u.k. has more c.c.t.v. cameras per person than anywhere else in the world i count it just in this small car park so britons always know big brother is watching but the question now is what's big brother watching for and more importantly who's trying to bribe him you are at it r.t. . and i want my purse mean for the global and murdoch media empire.

and it looks like a proper police investigation for the first time in it could well mean that we see rupert murdoch's empire in britain crumbling collapsing we spoke on the issue with investigative journalist tony gosling you can check out our website article com about a full interview with. rating agency threatens to review america's triple a credit score for a downgrade that's the first time in over ten years and says that there's a risk the u.s. could fail to resolve the deadlock in its budget negotiations and even if the package is approved it's unlikely to offer a solution to america's debt that's according to investor and co-founder of the quantum fund jim rogers. you know and the state's already has been downgraded in the world markets every i'm not the only person who knows that the united states is the largest debtor nation in the history of the world look at the value of the u.s.

dollar is down fairly significantly over the past few years they have to increase the debt ceiling for the moment there's no question about that their choice though for the future is they've got to take an axe you know they've got to take a chainsaw to government spending and do something about it they're not going to do that they might announce they're going to do it for this to get the budget ceiling passed put aside going to have any effect everybody sees that washington is not going to solve this problem and more and more people are looking for something to replace the u.s. dollars. and at the same time the eurozone debt crisis now focuses on actually as a senator and such a vote on tough austerity measures comes amid concerns that italy euro zone's third largest economy may become the next to ask for a helping hand that follows both alan and portugal having their greatness downgraded to junk status by doing a serious blow to the bailout ridden euro bloc which struggles to prop up its weakest economies u.k. m.e.p. pulled out all told r.t.

that these latest developments prove the single currency union simply isn't working . this was always about politics it was not all economic the idea that you could have economies in the mediterranean in line with economies like germany fast growing economies like germany was never going to break the only way to get out of this mess is for those countries to go back home to the international court and see the value of the most moving. exports going in at the moment because that is their debt because they couldn't see these are controlled by frankfurt they're controlled by the european central bank they're not controlled by athens or lisbon or even thought of we see the people out on the streets in athens and i just wonder how long it will be before the people are out in the streets in rome gran in lisbon in tokyo and this thing is contagious this thing will move right across the continent specifically in the mediterranean the big issue now three sing the european union is really it's really is the third largest economy in the eurozone is based largest economy in the world i think the eurozone can actually cope with greece and

portugal very small economy italy goes the whole thing could cave in because if italy goes italy's economy is intertwined with spain's under spain we go then we are in serious trouble. all right i've been a part of the hour here in moscow you with r.t. as i was continue to retrieve bodies from the volga river the number of confirmed dead after the pleasure cruise a sinking on sunday has risen to one hundred thirteen meanwhile yet more details emerge of procedural violations that could have contributed to the tragedy the bulgaria's crew reportedly under stated the number of the passengers on board to obtain permission from river controllers to set sail and they claim the number on board was just twenty instead of two hundred. brings us more from the disaster site . the first arrests have been made and this is starting to move beyond just a disaster recovery operation for two people that have been arrested so far in yet

she is the owner of the company that rented double daria for what would be its final voyage also give us a show of he is a state expert on shipping and sometime before that voyage he said that the area was fit to sail and so perhaps was negligent in that decision divers are still working in teams in our in our out in a on a platform out in the river over the sunken belgarath it's now estimated there are around a dozen bodies left to be recovered divers have explored most of the ship now there might be some places left where bodies could be but it is possible that some of those bodies may know may not be in the ship they may be in the water around the ship and in a worst case scenario currents may have carried some of the bodies up to two hundred kilometers downstream there's also been revelations added to the case of the of the bulgarian and particularly concerning two ships just after the sinking

passed by and didn't pick a single person not there's been massive public fury over this and that's as has recently been perhaps somewhat tempered by the views of some experts saying that actually these two ships that arrived with people in the water and in the oil slick around them they weren't passenger ships they were barges and it would have actually been very difficult for them to pick people up and they may have actually hindered the third ship the arabella which came in to start the people up we earlier spoke to the captain in exclusive interview the captain of the arabella saying what he found when his ship arrived at the scene of the disaster. it happened really fast forward five to ten minutes after we heard the distress call. as we approached it was hard to distinguish in the dark water people who were alive from the rubble that was floating around people were in a panic when we rescued them in a state of shock but some suffering from other traumas they were all covered in oil

fuel that was leaking from the sunken ship it was a terrifying picture i have to say. because of the arabella also added his own views to those of those two other captains he was in the vicinity as they were and he gave his own views on the public fury and the experts saying well maybe it was they didn't do such an awful thing let's hear what he had to say about that. we were approaching the position of the tragically almost at the same time if we can go shit i don't know why he didn't stop and maybe try to get you know sort of heavy cargo wouldn't let him but as we approached the site its presence could only handle to risky what ration asked him to proceed and not waste time so there's very mixed feelings now about the role of these two ships the rescue operation will shortly if they can recover the rest of these bodies be moving into its next phase and that is for two ships specially equipped to try and raise the sunken bowl garia and then it will be known hopefully in

a proper investigation can start as to why this ship sank sank so fast causing so much tragedy. talking to somebody reporting right there well we've got more on the story on our web site including footage of the recovery operation still underway in the volga river log on to our dot com for the first hand account. a wave of criticism is gathering momentum in israel over a new bill that allows the boycott of israel and jewish settlements are an occupied palestinian territory opposition parties have called the law an attempt by weaken the government to silence the people one peace movement has petitioned the supreme court against the bill prime minister netanyahu meantime faced a stormy session in the knesset on wednesday as he was himself in front of more some members to stage a protest walkout legislation imposes fines on a boycott organizers and allow the settlers to sit down for concession let's discuss this further in detail with no more body guzzi from the boycott divestment

and sanctions movement. but i thank you for joining us today let's start with the law itself what do you think is motivating the government. now in the way it has what's the motivation. i think the main motivation is the palestinian civil society global campaign for boycott divestment and sanctions it's starting to hurt israel in a very effective way it's crediting. beyond the left it's reaching the mainstream especially in the west in south africa and brazil and other countries and this is starting to look like south africa moment but it's really so they are really alarmed about this nonviolent peaceful type of resistance but they have not yet developed sufficient weapons to counter that's a very strong comparison i bring in south africa into the picture here considering its history but you're going as asian is campaigning for the economic cultural and academic boycott of israel how can you continue now that the new law makes your

activities illegal. when it should actually that's not very accurate the law does not meet our active. it's illegal to just almost deal it atomizes in a way that it allows institutions companies to sue. other boycott activists who are supporting this as long as palestinian rights are not respected by israel as long as the occupation continues apartheid continues then i look at refugee rights continues palestinians have no choice but to continue to resist to continue to struggle and with this global campaign of b.d.s. with their massive support we've gained in the cultural economic academic and other fields there is no reason to stop and if anything israel is going it's really pushing first forwards in digging the grave of its occupation and apartheid this law will increase the reach of b.d.s. into the liberal mainstream in the us oh and let's address part of your your campaign you're also calling for a comprehensive military embargo on israel do you expect

a fresh offensive now in palestinian territory. no one knows what to expect with this fanatic right wing leadership in israel really no one knows what to expect if they are taking such draconian measures against this most fundamental peaceful type of resistance no one can guess what this leadership can do but the main thing about the military embargo is that it's a minimal requirement for all those states that supposedly support peace based on justice and i would return at the very least they should stop sending weapons they should stop buying weapons from israel they should stop all military research with israeli universities because they know israel is using those weapons using this research to commit war crimes and great violations of international law so that basic obligation legal as well as moral and political obligation for states around the world at least impose a military embargo on israel a full embargo on israel and i want to come to this new boycott will our critics

call call it. democratic when ben benjamin netanyahu said last night in a. and i said that it doesn't taint israeli democracy otherwise he wouldn't have approved it but how do you respond to that. well we're not i was not exactly a reference when we talk about democracy has never been a democracy and can never be a democracy so long as it's an apartheid state so long as it has tens or flaws discriminating between its jewish and not jewish citizens so long as it denies palestinian millions of palestinian refugees the right to return home and so long as it continues with its occupation of the west bank including his troops alone as well as guys or so a country committing such violations of international law and of basic human rights cannot call itself a democracy professor ilan party the israeli historian maybe i had it right when he said israel is that heading for which is a democracy only for the masterclass not for everyone. barghouti from the boycott

divestment and sanctions movement thank you. thank you. russia has less disagreement with the u.s. on the libyan crisis than with some european countries that's the view of foreign minister sergei lavrov after talks with the u.s. secretary of state hillary clinton is going to brings us more from our bureau in washington. with regards to leave here both russia and the us have the view that colonel gadhafi must step down and that the leaders should be able to choose their future of the it's the path towards those aims that moscow and washington disagree on the world russia criticizes the scope of the into the foreign intervention in libya possible sees the actions of the allied forces forces there as a violation of the un mandate minister lavrov said the resolution is being wrongly interpreted as anyone can do whatever they want for a minister who was also asked about why it is blocking a you and they should have to condemn the syrian president assad and he said the

attitude of the west is exclusively about exerting pressure on one of the parties namely the syrian government and present our side and moscow sees it as sees it as the wrong attitude question it says it says the wrong message to the syrian opposition prompting them to believe that if they remain insistent in the situation keeps getting critical the west will come to help them the way it is happening in libya mr lavrov said it's unacceptable that the opposition would resort to violence agitating peaceful protesters into engaging in armed clashes and if actively turning them into a carcass for the police and security forces take a listen this is a. diplomacy exists not to condemn and score political points diplomacy exists to solve problems and make it condemnation without proposing any solution to any breakthrough either in syria nor in any other place there is a good example of how we are all dealing with the situation in yemen no one's tripos into condemning anyone or a doctor the u.n.

security council resolution supporting monitoring are there signs everyone is going to sites to see down and hold negotiations dance a responsible approach that we hope will prevail america's missile defense plans is one of the most irritating issues in the relations between the two countries president obama has scrapped the bush administration missile defense but they are going ahead with a new plan for many. the ladder outside question is need a firm legally binding guarantees that the project will not threaten russia's security washington has made reassuring statements before but moscow needs to have it on paper it so there is an understanding among the russians that words are good but words in a legally binding document are better. let's check out some international news for you in brief is our hero a suicide bomber has attacked the memorial service for the assassinated half brother of president hamid karzai four people were killed in a class that rocked the mosque including a top cleric. two explosions that shook the city of kandahar during

a funeral ceremony for what he calls i believe his brother was shot twice by his family friend and longtime head of security on tuesday. egypt's ousted president hosni mubarak has reportedly told interrogators who didn't order the crackdown on protesters during the february is uprising that's after the country's ruling in the military council announced it will fire hundreds of police officers in the killing of demonstrators protests carry on for the seventh day running in so we're square the epicenter of the original uprising that ousted the former president. but victims of the three coordinated bombings are being laid to rest in mumbai at least seventeen were killed when blasts struck three locations downtown during the evening rush hour no one has yet claimed responsibility for their types though investigators say all terror groups are being probed initial reports suggest the most likely culprit is the indian mujahideen and that could mean the attacks were organized from abroad this according to our investigation is that so with the to

help we haven't seen him but. will you know what i do you know chad we will go until more do you a lot of good muslim you. want because. i got this book basically has lodged secretly financial support because the border. side. as we noted in this group. i just want to know you can support from glasgow a. nation which we think you can do six eleven less has been no cheering this term mortgage a meal do not seventy eighty years they have been providing logistical and financial support have been giving. you simply a high dose in pakistan and allowed them to come back into india and then the remaining coach. would have to call or email. the bosses back in pakistan and get even been killed by them i'm going to strike

a garden nation. in pakistan. without a life from moscow headlines coming your way shortly in just a few of the next. is the business with mary. those on the floor got a. little polish the international sanctions as to taste they simply rose on july ninth and tenth. this live in collections by russian designers in the most beautiful villages city of central russia. business against living in fear children fashion show slim the sights of presiding over the festival. last year vestibules killed this is. hello and welcome to business here in artsy thank you for joining us now markets

around the world are coming under renewed pressure over fears the u.s. could lose its top credit rating with ease investor service is threatening to downgrade the u.s. due to political deadlock over raising the state's that ceiling well joining me now to discuss the issue is simon denham c.e.o. of london capital group hello simon thank you so much for joining us now just for a second let's just imagine a political solution has not been found and so weeks are saving three to get the ratings agencies will cut the u.s. . i mean what we're obviously downgrade watch at the moment with one of the agencies i would expect the other two to put them onto a downgrade to watch as well but i would be very surprised very spry could be if they if they actually downgrade. but if they did what would be the consequences of a downgrade for the markets. would be very very grim indeed

many investments. many investment funds etc must only invest in aaa so therefore a lot of them would have to divest of their investments in u.s. treasuries and that would put it. solid. pressure so the downside on the treasury is yields would go up become more expensive for the united states to borrow money from what is a pretty pretty poor deficit situation at the moment so so yes it would be it would be quite grim and would harm the u.s. is prospects for g.d.p. growth in the future but out what point us that's become so heavy that a solution becomes even impossible to find. there's lots of arguments between both sides and democrats and republicans and it's really it's almost humorous looking at it from the outside it's sort of two people with with nothing in their hands playing poker and trying to bluff each other. in in reality the u.s.

is is obviously a very wealthy nation they are reasonably low tax the top tax environment and therefore they presumably could raise taxes and i'm going to put downward pressure on their own their overall debt situation i would expect that to be the long term play of this of this situation they'll fail as i say they will play bluff with each other until the last minute we've been here before and the markets will become more and more tense but i would expect them to actually come to an agreement in the last minute. so based on what you said you do get them fresh and that american politicians have lost all grip on reality. you know they all know most of those senators nearly all senators perfectly reasonable people they do not get to where they are without being reasonably competent people yes some of them are playing to their constituents especially some of the right wing ones where where the idea of

government spending is anathema but in the end the consequences of a default by the united states or it's far too far even for these people to contemplate and therefore i would i would probably suggest that they not will come to an agreement both sides will have to give way a little bit but they'll come to an agreement in the end. but what they think of all it takes a concert out agreements. so i could use that what do you think of all it takes a concert out agreements. i would probably see the the spending plans of the democrats to be slightly curtailed and the republicans to give way on some of the tax the tax credits to the wealthy that's not not an enormous move on both sides it is amazing that they seem to dog huge trenchers over what are quite minor points so i would expect them to sort of to come to an agreement at some point whether the agreement actually comes into effect is another matter i would we would probably

find situation where they'll agree to be to an increase in the debt ceiling but the mechanics of it actually curtailing the. tailing the spending or increasing the tax revenue to take a bit longer to come to come fruition i think from an investor's point of view where can they find a safe place to park cash right now. probably turning it into cash and putting in a bank account in switzerland australia. obviously be totally safe areas or are obvious to to to most investors in reality the chances of it being from. seriously folds out for us or out of europe probably quite low simply because the politicians realize try to make sure they're going to have to make some calls nor see decisions that are going to confront the man on the street at this point in time they're still trying to go backwards and forwards to try and find some way that that isn't going to impact on their electorates. in the future we

know that they're going to have to make some nasty decisions it's just a how long between now and that point. simon dunham c.e.o. of london capital group thank you very much thank you unfortunately that's all the business news for now join us for another fifty minutes and then stay tuned for the headlines with henri. the world.