it has criticized the investment climate in russia do you see improvement mostly with the poor guy called shihab what he i see huge progress myself i've been working with russia for many years and i believe we are wrong when seeking to teach lessons to russia today russia is twenty and the progress to date has been huge and president medvedev invited me to putin have done huge work we see it the changes are profound to put it simply on our side we are not always very aware of that firstly you need to be russian which is not common and secondly you need to come more often to russia so we also need to open our minds there is still much to do however your leaders the president and your prime minister say it at the st petersburg forum the roadmap was clarified or that the investment climate is much better today look at the business flow between us the big french groups are present for example vinci who are doing the motorway link between moscow and st petersburg today we are developing cooperation on power generation on the sides of the st

petersburg summit we signed with e.d.f. to equip and i would say to provide electricity to the city of tomsk we build parts for a.d.'s for airbus in the records going siberia so there are multiple areas of cooperation the cooperation between france and russia does work. because your plan of course but i still want to ask you if someone like you doesn't come to russia every fifteen days just the business community in general outside of russia do they still have the old stereotypes of russia because all here if you speak with the presidents of big french groups present in russia they are very happy to be here and they want to develop their business those who are not here yet often house of a priore and we have i have to say is in western europe not only in france a problem with our media who do not know russia well and russia should communicate more also there are old stereotypes of the progress achieved is not reflected in media. why why is media portrayed as very. biased in the west russian

media. i think their image of russia is based on the past from fifteen or twenty years ago they do not come to russia often and often doesn't russia communicate actually quite little to us on what internal changes are taking place we have to deal with outdated ideas and perceptions which are wrong and this i believe is an important subject this is a blocking point we often speak about big groups or think about the numerous small and medium sized companies in russia and in france many are already cooperate on what we could do much more in this area. how will the french business that you bring to russia help diversify the economy. today you are in the middle of a modernization drive in russia be it in transport water or electricity distribution in aeronautics in health at the laboratories level in high tech and by the way you have school which is a big success many companies e.d.s. alterman students and often but also american german and many others are present so we can help our technology transfers in many areas but also this year we'll be

calling to north caucasus to actually evaluate its potential investment in north caucasus. alpine tourism expertize figure in your approach we took what he yes and i believe that russia took a very good decision which is they want to try to stabilize and ensure better security in this area through economic development and both presidents president medvedev and presidents are closing in on the size of the g eight made a joint declaration on this yes with. russia chose parents as a main supplier not exclusive but main to try to establish ski resorts and develop the area coastline but this is a huge project led by mr billow president of north caucasus resorts were taking a visit with me and i believe that the bears on tours development will prove to have been the right one to create jobs give people hope and as well you increase security which also comes through economic to. we are going to take part in this in

danger of security this is the first time you will because the north caucasus. yes for me this will be my first time in the north caucuses and i am very excited to have the chance to discover which is wonderful i've seen photos the french team accompanying me already knows that area is a wonderful place and i think you can develop a tourist up in the center of europe which will be very attractive to the whole world but how long do you think it actually could turn into tourism paradise because right now it's not the safest place to be or for two reasons tourists to go i mean of hotel expel your you know the french have experience we developed in croatia remember turkey at the very beginning when we were developing tourism in turkey the area was not safe. and the conviction of your government and your president to say that we are going to develop this area to create jobs for the young of course to ensure security the government provides guarantees for up to seventy percent of investment but it's still taking

a chance it's the right decision to develop this area so that is what needs to be done what i want to be investment are we talking about. this is a huge project over many years more than fifteen billion dollars will be invested french companies and others will have the opportunity to take part investors and of course the russian government invest a lot in infrastructure which our companies can complement but i'm thinking about paul mccarthy who build steel if other french companies will be present we're going to invest it but it will also be necessary to attract capital from all over the world this is a very big project i want to talk a little bit about what are the concerns for the here in france because it's so closely tied to spain and italy they're actually sliding now into the bailout territory. i believe whatever they say today the euro is not thriving and it is facing difficulties but as we speak here about cooperation and about a future wrecked. with free movement of people and capital between russia and

western europe this will be a breathing space for the european union and for the euro an additional economic area and so a strengthening of the euro will he really think here a russian economic zone could save the euro we look. yes i believe that today europe which is a political economic entity needs a much bigger economic space to be globally competitive think about the fact that the american continent is brought together at the nafta level that the asian countries are brought together at the a.c.m. level we do not have a big area on the european continent but however so many things link us in history in culture and today our economic complementarity is strong on one hand there are all materials a huge area on the other hand a trade capacity advances in some sectors but not all you have here high technologies demand for more money we have a common interest and common interest to be defended in the world and i believe that today this can only strengthen the eurozone notwithstanding the rise of china

who for you is a great partner but also a great competitor concerning the mediterranean the instability is going to continue for some time the access into democracy for these countries will be much longer than we want to admit and our partners across the atlantic are also competitors so the idea of expansion is both an opportunity and an obligation for russia and for western europe countries. will be talking about commonalities russia and france have always competed for defense and military contracts and now we're purchasing french helicopter carriers what do you think of it that you know this is a big first in st petersburg in the presence of president dative we signed for the me. this is the first time france undertook such a technology transfer and sold such important military equipment and in the same way by the way more cooperation will be in two directions i saw you as prime minister vladimir putin came to paris we took delivery of test models of the better off two hundred the firefight. plane which is now under trial in the west of france

and we're looking at buying more so our cooperation in sensitive areas that mr al is an example shows that the political climate is healthy there are no more clouds today between france and russia and contacts between the two presidents are excellent also with the prime minister i believe that we have to seize the opportunity presented by this political climate because it is very good and this is an opportunity to consolidate the gains we have made so quickly your see your someone who knows moscow very well because you come here very often we like to think that moscow is like the new york of eastern europe to think moscow has can never have a status of international financial center but if you go there. i am convinced of moscow's financial hold plans that we received mr volatile shin who is responsible for the moscow financial helpline in paris he met french stock market regulatory authorities on the a.c.p. on regulating banks and insurance companies feel to follow the example of what is

being done it was done as it was to be in line with global norms and standards our idea is not moscow located halfway between hong kong and york as a central role to play when we have here a big country materials moscow could be the global financial hope for more material trade tomorrow you are global leaders in oil gas look at big groups like you sell nickel here and you're a global leaders in the energy sector so let's go has a role to play moreover for our financial hubs we can find synergies in the derivatives area in many things so we were convinced that the rouble will stay strong and moscow must become a major international financial hole that was you have a lot of things yet to do at the legal level legal security regulation which you are doing it at the moment and the only thing to do is to help you not give you less by the need to sort of think you very much for this interview. thank you.

wealthy british scientists sometimes surprise. markets why not succumb to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into cars a report on our. move to the substance

use. just say. six. o'clock. welcome to the. big splash in the world of high tech business what turns advanced science into products to. be followed russian innovators

to broaden and their big breakthrough back. spotlight on story on technology update. we. covered. e.u. leaders bickering brussels on how to fund continue as a day. when it's not snakes. the media mogul and top politician come under huge public scrutiny raising doubts they'll be able to find the formula for the phone hacking scandal and public trust . last remaining un indicted war crimes suspect. is awaiting extradition to the hague. in the country closer to the membership. joins us now some breathtaking some of what. that cliff diving world series. are just the icing on the cake there's plenty

more all coming up stick around. live from. the headlines. to join europe why. three. sides along the line. between russia's heavyweight. cliff diving and russia's very old. was preparing for the next world series stage

and. we'll get to those stories in a moment i will start in china where russia. has to find yet more room in her hand luggage after claiming gold number three of the. world aquatic championships the russian has been a force of nature in shanghai wrapping up her third synchronized swimming title on wednesday in the three solo routine earlier in the week if she could secure top spot in the solo technical and do it technical events at the oriental sports center this result this month thirteenth world championship gold record spain's andrea princess and china's soon then young take in the other spots. now another medal for a bronze this time i went to city gave blood she coughed in the ten kilometer open water swim. and to football now where a paraguayan joined in europe why in the final of the cup america following a five three penalty shootout win over venezuela the losing side came close to scoring goals shortly before the half time break at one hundred one arrow saw his

header come off the cross bar with the follow up by salom long runs on saved by withstood the lark will nail the weight and it out for ninety minutes off morkel time extra time so venezuela push ahead from the get go with jon karl among the not a shot and ninety fourth minute deflected off mikel and on to the post two minutes later venezuela hit the woodwork again this sign from a free kick. there of why we're down out so the hundred first minute after santana but the second yellow but despite being a player venezuela failed to find a winning goal and the match went through and it seems there was a taker frankly in the senate so his shot easily saved by the law expert that opponents of the wrong sport parried was fifth in a row for telling terrible right through to the final without winning a single game in mobile playing time there right now face europe why the cup america and. boxing and heavyweight and centers have put pen to paper

as they seek to claim the recently vacated zel u.b.a. belt response a guy of and russian alexander prevents going to go head to head on august twenty seventh in germany it will be two thousand and four olympic gold medalist the best kids first title fight the thirty one year old is undefeated in twenty one professional ballots the curse of native should feel right now at the venue having fought sixteen times in germany i've already had the w.a.v. built around his waist back in two thousand and seven beating another russian nikolai by louis the three year old later failed to defend the crown jewel to injury and was forced to relinquish it the title vacated after a four belt holder bloodier klitschko took ownership of it a fortnight ago as it could have been here's a. defended it again. it was a case of revenge for a boss on hagan and stage seventeen of the swords of france the sky team cyclists take in the wind on wednesday after being overtaken at the line

a day earlier than the region securing his second win of the season's event leading home a breakaway group in the one hundred seventy nine kilometer long mountain stage he narrowly missed out the day earlier after world champion who shelved finished ahead we'll link a full forty seconds his winning margin this time around dutchman bok malema and sandy says are france second and third on the day another french friend was better and eight in yellow but conceded twenty seven seconds to his main rival. bernie ecclestone is being investigated by german prosecutors after the sale of formula one in two thousand and six the sports president is alleged to have bribed a banker a full forty four million dollars to buy his sake the german say that ecclestone received forty one million dollars worth of bank commissions in return but the main man in formula one says he expects to be cleared of any wrongdoing while the court prepares to try banker gary hart koski stone currently saves

a huge shareholding in motor sports. over to one of the newest and most exciting sports on the planet cliff diving is just eleven years old but russia has already got its man at the summit on the eve of the next stage of the world series twenty eleven r.t. takes a closer look at one of the season's favorites the two thousand and six world champion out of. there or the neon as the story. this amazing spectacle is called cleve dubbing and there are only a few dozen people in this world of gov the skills to do it at a professional level and one of the chosen ones is russian i don't see who was just twenty two when he won the two thousand and six world championships since then he's rested easy mung the cleeve dubbing elite finishing overall third last year in the sport's most prestigious competition the red bull world series. the twenty seven

year old entered this isn't as one of the favorites with a reigning champion garry hound and the sport's most decorated after the presently injured are on the duke in his sights on the board like every true sportsman i always want to win although you should forget about that before the dive because your main goal is not to get injured but it's a competition and i always try to give it my all. what cleve divers do he simply amazing but they are just humans diving from a height of forward twenty seven meters despite their outstanding ability and experience is always a life threatening situation and fear is certainly not an alien concept of them although the ways to fight it differ. with ten to fifteen minutes to go the dive is the only thing in my mind but when i'm standing there on the edge of the platform my head is empty i'm just out of this world no fear no thinking just me and the

height i believe my trainers are the best in the world tatiana and going to be stirred due to their trained two time olympic dive champion dimitri so they taught me great technique helping me to try a number of new high dives in the sport and none standup is one of the suits in this trademark it's one of the most breathtaking yet difficult things to do in the sport kilmeny ending with his crew. regional invention it blind entry into the water with some glee diving events which by thousands of spectators concentration and focus is a must before executing high dud all those suits and good claims audience don't disturb it all. the more spectators the better it gives me additional motivation and drive it's great when you can hear the crowd cheer you on with three stages left to various native is currently thief in the overall standings the next world

series twenty eleven. on the twenty fourth of july last year the toe in some so suits him to produce one of his best performances ever and clean the stage when you would bet against him. again robert virginia on the party. the russian aqua by championships have wrapped up with all this select few able to say they took to the events like a duck to water the mosque and bringing together competitors from all walks of sporting life. reports. fun in the sun was just around the corner for capital dwellers but other aquaduct enthusiastic to travel from as far away as well give us talk to take part plenty of disciplines contested but the spectators made their viewers choice by flocking to the aqua bike freestyle event. pound for pound best in the discipline yvonne pecan in was noticeably absent mean the battle for top spot was blown wide open and an unlikely contestant from

a completely different sport emerged at the end of the hard fought outing twelve time windsurfing champion shot showing his prowess and like any true winner your show off saw plenty of room for improvement in what is a relatively new discipline for. him i would say i gave it about seventy percent of what i'm capable of i lost some rhythm while trying to perform complex tricks so i know i can do better. however our hero of the day strongly believes the overall level of the sport is on par with a global standard. team we've got competitors who are fully capable of winning the world championships i would say yvon part time in is currently the best in russia plenty of multisport athletes had a chance to showcase their versatility alexandre show off is another one of those well rounded participants who may have had one of his last aqua bike outings he previously raced in the runabout f three power boat class but initially made his

mark in events where the water is of a much lower temperature. i'm looking to quit acrobatics although i've just become russian champion for the first time a previously won the same title in the snowmobile cross writes and now it's time for me to start racing quad bikes. so i quite a good devil's put their skills on display all the amazing feats are clearly far from their complete resume in the sporting world gorski r t more support than just. our genes for. weather updates. wealthy british scientists i. sometimes.

market why not. come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to conjure reports . forty two thousand americans die each year from car accidents will be a thousand. seven hundred thousand people. and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us a year apart disease is even more devastating it kills over eight hundred seventy thousand americans every year.

in india oh geez available to move the joint people to. the gateway go to the grand imperial truly told us to push coromandel you can

a letter tell her to sit down to go and. read this in the kernel was her job as a retreat. be you leaders bickering brussels on how to fund continuing bailouts as an epidemic now gripping italy and spain further strains a year on its last legs. as an international media mogul and top politician come under huge public scrutiny we examine whether they'll be able to survive the fallout u.k. phone hacking scandal and restore public trust. the last remaining un indicted war crimes suspect or a budget is awaiting extradition to the hague to be captured in serbia the great hopes the move will bring the country closer to the membership. and russian markets open the trading session in the black after reports of low unemployment rates and that of retail sales and the month of june. twenty minutes.

ago that on the air and online live from moscow you're watching our table come to the program. our top story out e.u. leaders have gathered in brussels for an emergency summit on how to come up with a cash promised for a second debate out to greece the heads of state are said to be considering a new bank tax to pay real athens and stave off a default italy and spain showing the first. symptoms of a debt epidemic there fresh tensions between attendees squabbles have already broken out with jeremy pessimistic about the summit and france calling for blood quite minting. the infighting is continuing on the future hangs by thread. the single currency will be good within two years warn analysts

within the european debt crisis there's a really very serious threat. the euro might disintegrate. the eurozone might collapse it's already too late to save the greek economy according to a majority of leading economists and experts polled by l.t. greece is really going down the drain completely the depth is escalating the deficit is stark totally out of control but i could give you the analogy but they were like somebody with a gambling problem or a drink problem. but. it's a cultural thing so no we find ourselves with someone with a drinking 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 .