e.u. leaders baker in brussels on how to fund continuing bailout says the debts of epidemic now gripping italy and spain because the euro's future in doubt. as a media mogul and the political titan come under huge public scrutiny examining whether they'll be able to survive the fallout of the phone hacking scandal and store public trust. the last fugitive a war crimes suspect in the ninety's ninety's you saw the conflicts seizing serbia will be extradited to the hague go great hopes the move will bring it closer to a new membership.

well you're watching r.t. well our from moscow welcome to the program e.u. leaders have gathered in brussels for an emergency summit on how to come up with cash promised for a second bailout to greece the heads of state are said to be considering a new bank tax to pay well that ends and stave off a looming default it's me and spain showing the first symptoms of the credit epidemic there fresh tensions between attendees squabbles have already broken out of leaders failing to agree on how to solve the crisis results means that you for sure of course the infighting is continuing us future and one threat. the single currency will keep it within two years all analysts with the european debt crisis there is a really very serious threat no big. sure all my service integrate.

the eurozone collapse it's already too late to save the greek economy according to a majority of leading economists and experts polled boyle see greece is really going down the drain completely the depth is escalating the deficit is start totally out of control and i could give you the analogy but they were like somebody with a cowboy problem or a drink. the greek. said it's a cultural thing so now we find ourselves with someone with a drink problem but with a huge debt as well and the problem will only ever get worse until you actually confront reality and say look they don't fit in the or as not going to fit together with germany in one single your politicians in the richest states had big polluters refuse to foot the bill well i don't think i've ever met any body in the united kingdom in london market stations that actually wants to contribute to the buyout

countries like greece and italy and contribute to the continued existence of the hero because i think it's a stupid idea to start with and it's just chucking money down the drain yet pulling the plug on those states could trigger a chain reaction greece believe investors can no longer avoid quitting the euro that in turn will support the exit of portugal even italy and spain they say ireland portugal everybody said ok the bug is going to start there over the last couple of weeks we saw that also. spain over germany italy with germany started to go all europe's top banks hold billions of euro greek in portuguese dates if those countries go past they could lose that money we might see scenarios like a bank run that means that people will run to the bank in order to withdraw their deposits because they believe that the bank might not be able to pay. the euro's

facing an existential crisis admits german chancellor angela merkel but the head of your biggest economy. will find a compromise at the brussels summit that's raising tensions across the globe. the moment the most visible the most obvious in the eurozone problems but on the other side of the atlantic you have the u.s. economy the session with some very weak economic figures and suffering as well e.u. leaders could sign the warrant for the single currency here at the summit if again they fail to do a deal and halt the spreading your experts fear public plan it will take over denying them control. see brussels. ease struggles to preserve the euro the u.s. has its own battle the government is deadlocked negotiations in raising its debt limit something that the value of precious metals to new records and the kaiser report is coming your way at seven thirty g.m.t.

here's a pretty. but what a world of five hundred dollars over me it would mean that the peasants in america and around the world were being disenfranchised and haven't seen wage growth in decades and are being treated like by obama with suddenly a lot of money in which to restart the country and see regime change and start a new republic you know that in france they're on their breath republic america they need to get out to their second republic they need to rewrite the constitution iron out some of the flaws and loopholes return to some of the ideas that were there originally go back to gold and silver as it says in the constitution. the london based team investigating phone hacking by journalists at a news corp has been expanded from forty five to sixty police officers and staff as

a scandal intensifies this comes after he's well and today and completing the investigation we put back the start of the plan the public inquiry question and then a definite says he may be interested in reading launching and i don't. know. whether british papers will free the pendent parties nor am i from london that would. not mean murdoch but also prime minister david cameron what he said about recalling the growth humbled. i'm enjoying this so. who will survive the phone hacking scandal and keep his job cameron comes under fire for hiring cool said former editor of the now defunct news of the world he's accused of encouraging. kids to private e-mails there's been a large amount of fingers it isn't just

a lot of heads on the side and that is lethal for a private. and he's now in a real frogs isn't a real really bad situation he could well be looking at some serious consequences very. very. fast still around him betting shops of slacks the old son cameron being the next m.p. to quit say the hacking they offered one hundred to one at the beginning of the week but just five two one three days later in the last two weeks or so we've seen a lot of money go on cameron book to clear the last forty eight hours when the. committees have been going on behind us. and we've seen cameron over the last few weeks fall from one hundred to one to be the next cabinet member to leave to forty one years just slightly crept up again to five to one today as a result of his statements in the house where we thought he gave quite a good performance on choose day it was murdoch's turn for a close shave attacked by a protester with the phone pai and saved only by his wife's right hook despite

profuse apologies to victims of his own newspaper's unethical behavior he had no intention of stepping down himself. what's less clear is whether david cameron remains the best person to lead britain this is a crisis of confidence in that he hired person who in turn it was later revealed was being advised by another ex news of the world. if that wasn't enough he was simple tain is he working for the metropolitan police politicians and police under fire for cruising up to commuting with the murdoch empire and. cameron touched my age miliband just littering up to step into the ring was so the country can have the leadership we need why why doesn't he do more why don't we do more than give up our apology and provide the full apology now. for hiring mr colson and

bringing him into the heart of downing street. commentators say the prime minister came out on top in wednesday's rounds in the house of commons we were going to be grilled by these these relationships. but the fight is far from a once you know. he's damaged before the race he was going to develop and there's a tough one because none of that sort of damaging things that were in the government actually stopped him the scandal has forced resignations all round top executives at news corp and the u.k.'s two most senior police officers many are asking why the prime minister shouldn't be next for a knock out david cameron promised a full sort of apology if it turns out and he calls in lights ahead about his involvement with phone hacking but some say that won't be enough when it's over and

we are a long way from that it's far from clear who can survive the round still to come and remain at the top of the media the police and the government nor at its heart. the host of the majority report says rupert murdoch is facing the collapse of his business and political ambitions. i was shocked if he's still at the helm of news corp in over the next couple of months and i think we're going to see actually a reversal of this i mean murdoch was in many ways a throwback and. professor jay rosen at n.y.u. has as basically said that this was not a a noons company it was a media company that has a news division that essentially functions as a lobbyist as a lobbying arm for that media enterprise and i think murdoch wanted that political power and i suspect that anybody who takes over for murdoch and we don't know who

that will be but i'm sure there will be somebody will see this that this pursuit of political power just for the sake of political power can be antithetical to running a good business. coming up in a few minutes afghanistan start spending for itself to start the whole new a process taking several regions responsibility for possible transition that's to continue in some twenty to be. run for me to your friends he rips the central russian region stuff for instance extra restroom to you. from. the rest of the run hodgett one of the international criminal tribunal for me to focus on the completion of its mandate that's according to the un chief who welcomed the end of a seven year manhunt excretions general accused of running from the ninety's on first is the last on the tribunals want to know what he's sarah ferguson looks

right now at the events leading up to his detention. and the lead up to. curing creation one thousand nine hundred one tonight by word independent. he was detained near his family home for the north about grading we flew kids off to his right. here in belgrade agree his x. addition to the hay loft all kinds of stuff like that is being flown by the hague and he's being charged with fourteen counts and will cry and think feeding the hundred thirty and now this is really seen as a very important that. this is always be a part of the e.u. that talks about potential he can't be he meant to hit. the last war crimes suspects directly through the number of the other happening in two thousand and

eight and just left the team months ago we had the red. blooded president that it's already. been working really. hard to track down these people. now with this latest arrest of the east bank for wealth in serbia with. being fed by many people to be a little bit naive a number of stumbling blocks that remain not least in the public opinion amongst the serbian people the serbian government has been bending over backwards to comply with the hague and they've really feed their hate for be by the way that they treat the thing is the way they feel pointing in this direction they're really quite this illusion good president but it says policies now every man the parliamentary elections coming up this next year the i did the problems they will be solved by membership for the evening now it's been

a cold paper. was the last obstacle in the way. you mentioned so i mean the balkans experts. believe you will play pool in granting membership the last suspect has been. more to find at our web site including the latest news blogs some expert analysis here's what's online right now at r.t. dot com if the screen for a second class songs astound no technology from the internet presenting basic projects of their own to the search model. and find out how the two dozen passengers were stranded on a ship confessed it was taken to a scrapyard of the people still on board. a

mission and free couldn't a ship free cruise for churches free from richmond free. three stooges free. old free born killers wanted video for your media project a free video gone to our keep on topic. please . please. just say. is. just so

pick. the best song. in the nature and discover is abusing them. communicate with you want to. test yourself and become free. see what nature can give you. pleasure to securely on. your. good looks interesting transformer criminal into

a log body. temperature and life behind bars on r g. security hunger enough gotta start has begun first seven cities and regions being transferred from nato responsibility at the hands of local forces the next set of air is expected to come in the calls control at the end of this year the process of transition is shifting to the last until twenty fourteen. all the troops are ready remain in afghanistan support roles such as the training of local police were violence has recently spiked in a country that seven specifically targeting the beacons on the home but the taliban won't be that's needed to fight foreign forces have gone according to the better. a member of the rethink afghanistan one points. taliban it has grown as a result of continued u.s.

presence in the southern afghanistan so by us leaving you're going to seem a taliban basically not want to find as much because if you're fighting if afghans you're going to see an afghan peace process take place because i fear generally speaking i don't want to really fight with each other they just simply want to live in coexist for the most part but i think that generally speaking the afghans are better off with governing themselves without united states of equalization which is providing security for them because as we've seen we unintentionally killed a lot of people so if afghans are going out against don't it's going to rock the united states or nato or went after us and i think we would be foolish to stay here and thank god the us is leaving we're not leaving there will be a minute u.s. involvement in nato involvement for a long time. we got some other international headlines the u.s. has announced it will send humanitarian aid to the timing of somalia regions

trouble ok are there any terrorist groups if the show comes in it's just not in seven if it's. something that's kind of a four million people are in danger starvation right tale a consensus estimate says from any country in the whole billion this time was the current crisis of course devastating droughts the west. space shuttle atlantis is on its way back to worth a very nice time crofter its crew for that thing to national space station to back to kennedy space center in florida where they stand will spell the end of the nasa shuttle program after that one just one become a museum piece with plans to turn a mission control into trying to substantiate it. sometimes you have to dig deep to reach the stars at least that's the case in the central questions resign

region would be to write his recent years artie's son avoid jumped at the chance to catch a falling star. they don't believe in aliens so the time machine but they do spend most of their time looking for extraterrestrial matter that will take them billions of years back in time most meteorite hunters in russia do for profit but some still see it as their way of each hiking through the galaxy the very rich this is the oldest matter you can hold in your hands there is a theory that meteorites are part of planets core just imagine this piece is about four and a half billion years old one year at them this valley about three hundred kilometers east of moscow is their latest pitstop about ten thousand years ago the local fields took a hobby pounding from an audience shower creating the most current tony tour of the ground in central russia a discovery in two thousand was a pure accident. if you get yours without kids help with the draining off the

excavators left a local resident was passing by you know just above a strange broken pretty doubtful rock lay idly in his bones for two years until he sort of program got meteoroids on t.v. and sent it in for testing the speed at which it in didn't you years about the tons of meteorite material with this coverage here of a somebody unlikely out of the filmation he's honest he's the only dog in russia trying to account for rocks from other planets in many ways meteorite hunting is a lot like gold digging you have to spend weeks in the wild hoping for stroke a flock but in today's prices searching for these accidents harasser rocks can be more profitable than even be good old gold fever marcia know lou when i meet her rights to be sure and high as the mind can cost two or even three times the weight in gold the biggest findings usually gravitate to the united states and western

europe really mostly to rankle after the base and about the law actually where the facts are correct for the rocks ten percent of their value of must be paid to stay . sure still some delusional trying to dodge the need to write tacks this character on halt was uncovered earlier this year and must make airport on its way to illegally to the czech republic. their falling stars but obviously the right recently could calming blazing hot commodity. we can reach. we have it we've got some more falling stars all diving stars i should say we're going to have a look actually every day that see. the meets the russian the cliff diving genius. and school sports in the later. the forwards and so that's.

great stuff. hello and welcome to business here on r.t. now minority shareholders aren't seeing to be are preparing a lawsuit demanding five to ten billion dollars in damages over b.p.'s failed but it's a partner with crossness in the arctic exploration they've won a russian court ruling of the large and the parties involved to submit documents on the preparation of the not so billion dollar deal within two weeks this will allow the shareholders to evaluate the damages now b.p. and ross now failed to strike the deal this spring as think if you shareholders claimed russian joint venture should be the primary vehicle for exploration in the arctic. the us has come up with a last resort plans result that lot of words that sealing the plan as hoped to help the country aboard

a catastrophic default and includes deficit cuts are four trillion dollars and calls for tax increases of one trillion dollars but chief strategist offline bank of course we for says there might be a gap between promises and real carts. the government makes too many cuts and raises taxes too severely then they could cause a double dip recession that could cause a substantial slowdown in u.s. economic activity which would of course the u.s. federal budget and exacerbate the problem so they have to be very careful not to introduce the cuts to violently you're too quickly so we have very tricky balancing act and that's why i'm not expecting even the four trillion dollars cuts i really don't expect those to be put in place for a very long time i think that's what we're seeing now are promises of cuts in order to get a deal done but there's a very big difference between promising of course and actually making it and i think the implementation of the cuts will be very much linked to the indicators are

economic growth in the us. and let's take a look at the markets now crude is trading in negative territory given our earlier gains as u.s. oil stockpiles shrank indicating fuel demand will increase in the world's biggest consumer of the corn roberts. let's take a look at asia now shares came under selling pressure after a survey by h.s.b.c. reports the contraction of chinese manufacturing the july reading is the lowest in twenty eight months sparking war is about future strength of the chinese economy bank of china as news another one point seven percent hong kong this hour and in tokyo stocks are flat so negative the lack of real progress in the u.s. that deadlock is weighing on some exporters do you think a corporation is shedding two percent. and here in moscow it's two hours before the opening bell both markets ended wednesday session and in the black most new chips

were off lower unemployment rates and the retail sales in june help boost the investor confidence. now looking ahead to the day's trading michael stein from that creates a financial corporation says investors will be affected by data from europe and the u.s. . today we see a p.m.i. i did it coming out of germany we see retail sales coming out of the u.k. investors who also pay close attention to that we u.s. initial jobless claims data in addition there's an important event increasing greece e.u. leaders will convene talk about the terms and conditions of the second greek name. and the ruble could be on a downward slide if researchers from the higher school of economics are to be believed there suggest in the russian currency is ready for devaluation next year and according to them it's weakening is inevitable. physical volumes of roughnecks

they are constrained and prices stable so you will just continue the trend of stable world prices and the same or less a slew of gold seen for we are going to simply fall for prospering to five percent year over year and if you combine those two files you will see of that in the second half of the whole the year russian growth account will stream below one percent of g.d.p. of that for washington is unstable spatial so it will be one percent in the fall in the second quarter it will be zero and just what it will be one just one for what it is definitely the recovery for the instability of the balance of payments and historically we saw it in ninety eight it will hold and as soon as. it's below one percent russia presses the issue. and that's all this is for now for stories you can always that's why websites are to dot com. by for now.

wealthy british soil. is not the type of. hype that. markets why not. come to. find out what's really happening to the global economy

with much cause or for a no holds barred look at the global financial headlines tune in to cause report on our feet. on. morning news today violence is once again flared up the first these are the images the world has been seeing from the streets of canada. shining corporations are on the day submit. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers.