the gateway to the grand imperial through the george weston to school until you can a little closer to civility to go and publicly run the city the colonel was virtually as used to retreat. view leaders breaker in brussels on how to fund continuing bailouts as a debt epidemic in our group in italy and spain for the strains a year on it's not us legs. it's an international media mogul and top politician come on the huge public scrutiny we examine whether they'll be able to supplant the fallout of the u.k. phone hacking scandal and restore public trust with. the last remaining u.n. indicted war crimes suspect or one hundred is awaiting extradition to the hague captured in serbia the great hopes the move will bring the country closer to a human ship. and the russian markets opened the front session and that's why after

reports of low unemployment rates and that of retail sales and the month of june one in business and twenty minutes. ago that on air and online live from moscow you're watching our table of the program but top stories 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 africans and stave off a default to italy and spain are showing the first symptoms of a debt epidemic the french tensions between attendees squabbles have already broken out with germany pessimistic about the summit in france calling for bloc live music . from. the infighting is continuing to use future hangs by

a thread. the single currency will be big within two years warner lists wouldn't be european. and there's a really very serious threat in. the euro my to disintegrate. the euro zone 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 start totally out of control and i could give you the analogy but they were like somebody with a gambling problem or a drink. so it's a cultural thing so no 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 we did it in the euro as not going to fit together

with germany in one single your politicians the richest states their voters refuse to foot the bill well i don't think i've ever met any body in the united kingdom in london mark in stitches he actually wants to contribute to the buyout of countries like greece and italy and to contribute to the continued existence of the hero because i think it's a stupid idea to start with and it's just money down the drain pulling the plug on those states could trigger a chain reaction greece believe investors could no longer avoid quitting the euro that in turn will support the exit of portugal even italy and spain they say ireland portugal everybody. is going to stop there over the last couple of weeks we saw that also. spain over germany italy with germany started europe's top banks hold billions of euro in greek in portuguese kids if those countries go bust

they could lose that money we might see. the scenarios. 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 them the euro's facing an existential crisis admits german chancellor angela merkel at the head of europe's biggest economy walls they still might not find a compromise summit that's raising tension across the globe. at the moment the most visible of the most obvious is the eurozone problems but on the other side of the atlantic you have the u.s. economy not in the session but showing some very weak economic figures and suffering as well e.u. leaders could sign that this warrant for the single currency here at the summit if again they fail to do a deal and halt the spreading your a virus experts fear public plan it will take over denying them control. see

brussels. he struggles to preserve the euro the u.s. is fighting battles. faced by both sides as a consequence of their refusal to recognize the huge issues two thousand and eight financial crash presented that's according to former financial times correspondent david. i think the story is that the euro as a phenomenon is in quite serious danger our main concern has to be that whatever is done stabilizes what is at the moment an extremely unstable situation at the moment however where worrying more than a thing else about both europe and the us slipping deeper and deeper back towards a recession i sit on a gloomy side of things i don't believe that either the european economies all the united states have yet. really begun to get to grips with the very grave collapse that occurred after two thousand and eight. lot of pain therefore is is facing is

going forward. from an austere point of view the sooner we start to get to grips with that and take some of the austere measures necessary the better there is a lot at stake in the us effectively managing. their own really rather catastrophic challenge beggars belief that the leaders in the u.s. so preoccupied with their own local politics and properly recognize the dangers that they're creating for the global economy as a whole the prospects of recovering in any short term from the recession that's already doctors for three years. well the u.s. government's deadlock in the gauche ations over raising its debt limit is also sending the value of precious metals to new heights with more on this report coming your way in just about twenty minutes time but here's a preview for the first. one the world at five hundred dollars over me it would

mean that the peasants in america and around the world who are being disenfranchised and haven't seen wage growth in decades and are being treated like a bomb are what suddenly a lot of money in which to restart the country and regime change and start a new republic you know there in france stronger republic america they need to get on to their second republic they need to rewrite the constitution ironed 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. now the london based team investigating phone hacking by journalists at news international has been expanded from forty five to sixty police officers and staff as the scandal intensifies it comes after he's warned that any did they and

completing investigation would put the start of a planned public inquiry with russian billionaire and some of them in their meanwhile who may be interested in reading launching clinton books shamed into this will topple it really means to other british makers the monday evening standard and the independent. reports from london. standards and. also the prime minister who turned really first of all let me thank him for what he said this is going to tumble. and i'm enjoying this so i. will supply the hacking scandal and keep his job cameron comes on to fly at the hiring. wolfson former editor of the now defunct news of the world he's accused of encouraging his staff to hack into private voice mails there's been a large amount of fingers in ears and just a crowd of heads in the sand and that is legal for a prime minister and he's

a real fights isn't a real really bad it's a very. serious consequences for himself at the very least. around the betting shops of slack the odds on cameron being the next m.p. to quit the hacking they offered one hundred to one at the beginning of the week that just five to one three days later in the last two weeks or so we've seen a lot of money go on camera in 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 the hundreds who want 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 a party 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. so what's less clear is whether david cameron remains the best person to lead britain out of this crisis of confidence he hired kusin who in turn it was later revealed was being advised by another ex news of the world hack neil wallis if that wasn't enough he was simple tain is he working for the metropolitan police politicians and police are under fire for cozying up to colluding with the murdoch empire and in the wings cameron's arch rival ed miliband is lim. bring up to step into the ring so that the country can have the leadership we need why why doesn't he do more why don't we do more than give a half apology and provide the full apology now for hiring mystical center and

bringing him into the heart of downing street. commentators say the prime minister came out on top in wednesday's round in the house of commons when he was grilled by m.p.'s over his relationship with new school but the fight is far from once you know. he is damaged before the race. because none of the damage that was actually stuck to him this 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 knockout david cameron promised a full so apologies if it turns out and he calls a new light to him 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 so it's far from clear who can survive the rounds still to

come and remain at the top of the media the police and the government nor the. new york based radio host sam seeder says rupert murdoch is facing the collapse of his business and political ambitions. i would be shocked if he is still at the helm of news corp in 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 basically said this was not a a new 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 from murdoch and we don't know who that will be but i'm sure there will be somebody will see this and this pursuit of

political power just for the sake of political power to be antithetical to running a good business. coming up in a few minutes afghanistan starts spending for itself begins the handover proceeds making several regions responsibility of kabul and a transition battle continued until today from teen. and a meteor frenzy grips the central russian region of the discovery of priceless extraterrestrial materials. the arrest of. the international criminal tribunal for the former yugoslavia to focus on the completion of its mandate that's according to the u.n. chief bratton ki-moon and welcome to the end of a seventy a manhunt explorations of general themes of atrocities getting from the ninety's yugoslav conflicts is the last on the tribunals wanted list which is expected to be extradited to the court within days auntie's sarah ferguson in belgrade. the events

leading up to his detention. that he expected. ninety one ninety nine. he with. his family. to the north of belgrade and we saw just hours after his arrest disturbing court here in belgrade of three of his extradition to the hague the last of the fine stuff like that is being sought by the hague and he's being charged with fourteen counts and will try and see feeding the murder of hundreds of known serbian this is always be. the e.u. that talk about the potential he can see we membership and the last war crimes suspects the arrests we've seen a number of these other arrests happening in two thousand and eight and just less than t. months ago we had the arrest. president but it's. been

working extremely hard to track down these people. now with the latest arrests the ease getting through wealth in serbia with. being fed by many people to be a little bit naive a number of dumbly blow that remain not least in the public opinion among the serbian people that the serbian government has been bending over backwards to comply with the hague and they've really taken be quite buying in the way that they treat serbia the thing is the way they feel pointing in this direction they're really quite this illusion with president but it says policies now have remembered parliamentary elections coming up just next year the i did the problems they will be solved by membership d.v.d. now it's been a cold. the rest becomes less than two months through the form of.

such explains why the international criminal tribunal for the former yugoslavia. war time. just a lose saying really in their propaganda operation if they didn't indict him then there would be one serbian leader who was accused of being a criminal and that would be inconvenient they had they have to accuse all the all the leadership of being criminals for this propaganda picture to take hold so why serbs generally. this to paint a picture because the tribunals have been set up to to accuse all serbian leaders of being i didn't serve them being criminals while hiding the real criminals so the tribunals printing finger is the one that the actual criminals who broke up the country hide behind. us going to morph into discover on our website including the latest news blogs are the expert analysis and much more here's what's

online if you want now selection of unscrupulous nuclear scientists down then technology will be internet presenting projects as their own pocket. and find out how to doesn't the passengers were stranded on a ship lessons taken to a scrap. old. security handover in afghanistan has begun for the first seven cities and regions being transferred from a to responsibility the hands of local forces set of a respected to come colonels control at the end of the year the process of transition is assured you'll tenacity critical to him off the ground troops from afghanistan support roles such as the training of the police the violence has recently spiked in the country certain specifically targeting regions of. the time

won't be that fight once foreign forces are gone. the better. the member rethink going to start different. taliban has grown as a result of continued u.s. presence in southern afghanistan so by the u.s. leaving you're going to see the taliban basically not want to fight as much because there are going to be to be very it's afghan serious see an afghan peace process take place because afghans generally speaking don't want a silly fight with each other they just simply want to live in college just for the most part but i think generally speaking that afghans are better off with governing themselves without united states of caution forces providing security for them because as we've seen we have unintentionally killed a lot of people so if you know afghans are going out against the odds it's better off the united states or nato killing afghans and i think we would be foolish to

sit here and think that the u.s. is leaving we're not leaving there will be a minute u.s. involvement in a dog and vomit for a long time. a brief look at some of the international headlines now. the u.s. has announced it will say if you're going to tell you anything i mean it's regions controlled by al qaeda for sure that there is a right to say have to play this role for finding the remains of something someone with a million people are going to starvation and i tell you in agencies estimate the country in the rest of the. current crisis or right at the center out west they came. to the space shuttle atlantis on its way back to work for the very last craftiness crew for a recipe for national space station one of you to land at the kennedy space center in florida. sternal spell the end of the program so i think that this will become

a museum piece with tennessee from components and training facility final. but sometimes you have to dig deep to reach the stars at least that's the case in central russians resign region we need to right even has spread in recent years artie's some of the work i've done to the time to catch a fallen star. they don't believe in aliens of 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 it for profit but some still see it as their way of heat hiking through the galaxy a variation of 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 what the earth he said ali about three hundred kilometers east of moscow is their latest pitstop about ten thousand years ago the local to

have a pounding from an iron shower creating the most fertile metre of ground in central russia is this covering two thousand was a pure accident. if you didn't use my dog kids help with the draining after excavators left a local resident was passing by he noticed a rather strange rock and picked it up broccoli only in his barn for two years until he sort of program but meteorites on t.v. and sends it in for testing. then to next few years it will be tons of meteoric my serial was discovered here some would be unlikely help of the dell nation he's on our staff he's the only dog in russia trying to hunt for rocks from other planets in many ways meteorites hunting is a lot like gold digging you have to spend weeks and while hoping for a stroke of luck but in today's prices searching for these acts trying to wrestle rocks can be more profitable than even the good old gold fever or martian no lunar

meteorites we are in high as the month can cost two or even three times that weight in gold the biggest findings usually gravitate to the united states and western europe where most need to write collectors are based and will russia got to know x. growth of extraterrestrial rocks ten percent of their value must be paid to this. still some delusions try and dodge the meter a tax piece for time halt was uncovered earlier this year and must pick airport on its way illegally to the czech republic. for some their fallen stars but returns are increasingly becoming a blazing hot new commodity. resign region. let's see how things are shaping up in the financial world with maria. hello and welcome to business here on r.t. now we start this hour with minority shareholders off. who are preparing

a lawsuit demanding up to ten billion dollars in damages over. support in iraq and in the arctic exploration the shareholders have won a russian court ruling ordering paper surrounding the multibillion dollar deal to deal this will allow them to evaluate the damages. felt to strike the deal this spring as seem to have shareholders claimed russian joint venture should be the primary vehicle for our exploration. the us has come up with an eleventh hour plants the result of the block over ads that ceiling it's hoped the plan will help the country of voice and technical default it includes deficit cuts of four trillion dollars and calls for tax increases over one trillion chief strategist of i'm sure bank chris we for says there might be again between promises and real cuts . if the government makes too many cuts and raises taxes too

severely then they could cause a double dip recession they could cause a substantial slowdown in u.s. economic activity which would of course hit the u.s. federal budgets and exacerbate the problem so they have to be very careful not to introduce the cuts to value for your too quickly so be a 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 no more promises of cuts in order to get a deal done but there's a very big difference between promising of course when they're actually making it and i think the implementation of the cuts will be very much linked to what the indicators are of economic growth in the u.s. . look at the markets now crude in this hour as us all stockpile shrink indicating fuel demand it will increase in the world's biggest consumer over commodity. the european markets have opened in the black as

chancellor merkel and french president sarkozy have agreed on the joint approach to places that prices head of today's summit the footsie is one of thirty three percent and the german dax is higher at the point first point fifty two percent that is now let's move on to the russian markets we can see that there now both off and they are trading in the quiet the r.t.s. points three percent almost and of my sex is off almost half of her sights and that's of course after reports of lower unemployment rates and accelerated retail sales in june let's have a look at the individual movers on the my sex energy stocks are on the rise but just from adding one of a percent this hour banking stocks are also gaining ground presiding over half a percent and a lot of the leaders across telecom s continuing its rally on speculation it could be completely sold for private investors.

so the day's trading michael sign from god creates a financial corporation says investors well look at the fact that by data from europe and the u.s. today we see p.m.i. ideally coming out of germany we see retail sales coming out of the case investors will also pay close attention to the weekly u.s. initial jobless claims data in addition there's an important event taking place in greece where the leaders will convene to talk about the terms and conditions of the second greek. and the ruble could be on a downward slide f. researchers from the hard school of economics are to believe they're suggesting the russian currency is ready for devaluation next year and according to them it's weakening as inevitable. physical volumes of roughness of constraint and price is stable so you would just continue the trend of stable prices and the same

system you would call seen for we dissipate all for profit point five percent year over year and if you combine those two friends you'll see a bit of the second half of the next year russian call to call it will stream below one percent of g.d.p. you know that for washington is unstable special so it will be one percent in the fall in the second quarter it will be zero and what it will be one this one in the fourth quarter it is definitely the there are for instance if you over the balance of payments and historically we saw ninety thousand. is below one percent this is the issue. that's all the business news for now for more stories you can always have for websites r.t. dot com slash business for now that's it from the business team the headlines on that still carry.

the. wealthy british style. sometimes the tires on. markets why not. why no one should really happening to the global economy list much stronger or a no holds barred look at the global financial headlines tune into cars report on

our. move. to.