states voters refuse to foot the bill well i don't think i've ever met any body in the united kingdom and in london markets are actually wants to contribute to the buyout 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 chucking money down the drain yet 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 spork the exit of portugal even italy and spain they say ireland the board everybody said the bug is going to stop 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 in greek and portuguese that if those countries go bust they could lose that money we might see scenarios like a bank. 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 but the head of europe's biggest economy warns they still might not find a compromise at the brussels summit that's raising tensions 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 your leaders could sign the death warrant for the single currency here at the summit if again they fail to do a deal and halt the spreading you're a virus experts fear public panic will take over denying them control. brussels well germany and france have declared that they'll take a joint position of finding a debt crisis during today's summit but according to press galen from the parents

west university their unity is intended only for. if they go on doing what they did for the last two years it's going to feel because it was one plan a second plan and if they had a third plan of this in nature it would feel basically the germans are reluctant to involve private banks whereas the french. french president of course is more in favor of involving the private banks that's on the surface but i think everyone has to make an effort is the price is very serious but then we cracks are always been there and there's an attempt now to paper over the cracks in part because the created. a rush towards a common currency with very different economies stickle to say now of the euro can be saved because there's a real danger of greece defaulting and as the e.u.

struggles to preserve the u.s. it's biting its own battles the economic hardships faced by sunlight is the consequence of their refusal to recognize huge issues the two thousand and eight financial crash present but that's according to former financial times correspondent david well. i think the story is that the euro as a phenomenon is in quite serious danger at the moment however we're worrying more than anything else about both europe and the us slipping deeper and deeper back towards a recession there is a lot at stake in the us effectively managing. their own really rather catastrophic challenge it beggars belief that the leaders in the us so preoccupied with their own local politics that properly recognize the dangers that they're creating for the global economy is all the prospects of recovering in any short term from the recession that's already doctors for three years. coming up in

just a few minutes afghanistan starts fending for itself a nation. that making the several regions the responsibility of kabul in a transition that will continue until all to. a meteor frenzy grips is sent to russian region after the comfrey a priceless extraterrestrial material. the london based even vesta gating of phone hacking by journalists at news international has been expanded from forty five to sixty police officers on stealth is the scandal intensifies this comes off the m.p.'s warn that any delaying completing the investigation would put back the start of the planned public inquiry russian billionaire alexander lebedev meanwhile says he may be interested if we were put murdoch shane views of the well tabloid he already owns two other british papers the london evening standard and

the independent emmet reports now from london with a phone hacking scandal want to know him another dog will say prime minister david cameron trying to answer every point. this is tom. i'm enjoying this so. who will survive the phone hacking scandal and keep his job cameron comes under fire for hiring andy coolth and 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 and just a kind of heads in the sand and that is lethal for a prime minister and he's now in a real fight in a real really bad situation he could well be looking at some serious consequences for himself at the very start still around him betting shops have slashed the odds on cameron being the next m.p. to quit. they offered one hundred to one at the beginning of the week 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 one hundred to want to be the next cabinet member to leave to forty one years and he just slightly crept up again to five to one today as a result of his statement 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 foam 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 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 taney asli. working for the metropolitan police politicians and police under fire for cruising up to and colluding with the murdoch empire and in the wings cameron's arch rival edge miliband is limbering up to step into the ring was so that the country can have the leadership we need why why doesn't he do more why doesn't he do more than give 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 round in the house of commons when he was grilled by m.p.'s over his relationship with news corp but the fight is far from once you know.

he is damaged before they use he was he was beginning to develop in the form cameron because none of that sort of damaging political issues that were circling 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 knockout david cameron promised a full service apology 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 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 and the. new york based radio a sound sita 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

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 basically said that this was not a a news 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 this pursuit of political power just for the sake of political power to be antithetical to running a good business. well the arrest of the now the international criminal tribunals before. to focus on the completion of its mandate that's according to un chief ban

ki moon he welcomed the end of. the exploration generally. stemming from the early ninety's yugoslav conflicts and the results on the tribunals wanted list what it is expected to be extradited to the court at the hague within days or first as in belgrade next but now with the events leading up to his detention. the court here in belgrade approved decision texted him to the hague now they have the defense has three days to appeal that decision but according to local media reports we've heard that the lawyer has said that the defense don't plan to do that and we've heard also from the deputy. crimes prosecutor he said he doesn't expect any big. three day deadline for the pill and also that it's expected fairly quickly he will be extradited to the hague detained obviously after many many years on the run that happened yesterday i thought his family home in

a small village northwest of belgrade had it's has been questioned about the atrocities committed in particular certain incidents is one very specific and that's the massacre of three hundred prisoners in the town of ninety nine to one sees already being questioned about that and of course this has been seen as one of the major obstacles to serbia gaining full even membership critics is said to really to seem that this is now going to pave a sneeze way for serbia to. gain even membership i would be very naive and in fact there's going to be a number of bumps in the road along the way and not least that is the public opinion there's been a lot of criticisms over the government's policies in fact i was actually here and they've been very i spoke to the deputy prime minister and he said he's even membership. there's a chance the serbian people to have a normal life but the people are saying they're completely disillusioned with the idea of him with this latest arrest really what say he is done is they call

brussels bluff they said that this is one of the final obstacles to gaining the membership and talking about that can you see now we'll see whether the comes back and actually meets that with with any actions. or had it arrests comes less than two months after the capture of the former bosnian commander general. balkans expert mark dances you explain why the international criminal tribunal for the former yugoslavia and so focused on serbia is. just a loose in really in their propaganda operation if they didn't indict him then there would be one serbian leader who wasn't accused of being a criminal and that would be inconvenient they have to accuse all the serbs all their leadership of being criminals for this propaganda picture to take hold as to why serbs generally of this to paint a picture because the tribunals have been set up to to accuse also being leaders of being i didn't serve or being criminals while hiding the real

criminals so the tribunals pointing finger is the one that the actual criminals who broke up the country hide behind. or plenty more to find on our website of course including the latest news blogs and expert analysis here's what's online for you right now and ask you dot com. scrupulous nuclear scientists down new technology from the internet presenting project in the pocket money. and find out how to dial some passengers were stranded on their ship and the vessel was taken to a scrap yard with them still on board. the security handover in afghanistan has been guarded but the first seven cities are being transferred from responsibility into the hands of local forces the next. it's all very evasive expected to come on the koppel's controlled at the end of the year the process of transition is scheduled to play fourteen zero after that foreign troops would even

made in afghanistan and support woes such as the training group who leads as we said the spike in the country with insurgents specific intelligence and if we didn't on the go in the one day back at the taliban would be that good to find ones foreign forces that gone according to j. dilla better in boca and member of the we think afghanistan may have meant. the taliban has grown as a result of continued u.s. presence in the southern afghanistan so by the u.s. leaving you're going to see the taliban basically not want to fight as much because they're basically fighting it's afghans you're going to see an afghan peace process take place because afghans generally speaking don't want to silly 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 the united states or the coalition forces providing security for them because as we've

seen we have unintentionally killed a lot of people so if afghans are killing afghans doubts that's better off than the united states or nato killing afghans and i think that we would be foolish to sit here and think that the us is leaving we're not leaving there will be permanent us involvement in nato involvement for a long time. now briefing at some other international headlines this hour and the u.s. . will send humanitarian aid to but hit somalia if sure but deliveries to islamize limited controlled we aren't intercepted the u.n. has declared a state of famine in two areas the south of somalia and nearly four million people are just operation humanitarian agencies estimate the country needs more than a billion in the hall for u.s. dollars in aid the current crisis is being caused by a devastating drought the worst in decades. the space shuttle atlantis is completed its last voyage on the landing at the kennedy space center in florida just about an

hour ago this marks the end of nasa is thirty three a long shot full program but landis will now become a museum piece with pounds to the mission control room into a training facility legendary shuttle made thirty three flights carried almost two hundred astronauts and circled nearly five thousand times. and sometimes you have to dig deep to reach the stalls at least that's the case in central russia is a region where meteorite fever has spread in recent years audi's exam the boy had jumped at the chance to catch a fall and stop. 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 it for profit but some still see it as their way of heat hiking through the galaxy. 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 like the earth this valley about three hundred kilometers east of moscow is their latest pitstop about ten thousand years ago the local fields took a have a pounding from an audience shower creating the most fertile meteorite ground in central russia is this covering two thousand was a pure accident. a few ditches were dug did help with the draining off the excavators left a local resident was passing by he noticed a rather strange rock and picked it up the rock lay idly in his barn for two years until the store program brought me to write some t.v. and sent it in for testing. within the next few years about three tons of meteorite material was discovered here some of the unlikely help of the nation he's on our staff he's the only dog in russia trying to hunt 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 a stroke of luck but in today's prices searching for these acts to terrestrial rocks can be more profitable than even the good old gold fever marcion no lou and i meteorites we are in high as the month can cost two or even three times the weight in gold the biggest findings usually gravitate to the united states and western europe where most me to write collectors at base and while russia docile x.-prize effects are terrestrial rocks ten percent of their value must be paid to this day still some dealers try and dodge the meter right tax base for too long haul was uncovered earlier this year at a moscow airport on its way illegally to the czech republic. for some their fallen stars but for others meteorites are increasingly becoming a blazing hot new commodity kind of. resigned region. that's the way

the news the solar age is business now with marina. hello and welcome to business here and i always start this hour with minority shareholders off the who are preparing a lawsuit claiming billions of dollars in damages over b.p.'s failed bit support are also left in arctic exploration the shareholders have won every court ruling ordering paper surrounding the multibillion dollar deal to be revealed this will allow them to evaluate the damages b.p. enrolls they have failed to strike the deal this spring as shareholders claimed b.p.'s russian joint venture should be the primary vehicle for exploration in the arctic the lawyer dealing with the case says the lawsuit will likely be against two b.p. representatives on the board. the board members nominated by b.p. did make it clear there was an opportunity. which they should have done as

a result didn't get to participate in this partnership i'm gone might have had lawsuits. the u.s. has come up with an eleventh hour plants hoovers solve the deadlock over its that ceiling its hope the plan will help the country avoid a technical default that includes deficit cuts so four trillion dollars and calls for tax increases of one trillion dollars bucks sheesh strategist of bankruptcy 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 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 no promises of cuts in order to get a deal done but there's a very big difference between promising new 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. . and let's take a look at the markets now crude has been very volatile today a drop in u.s. crude inventories push the oil off but reports of a contraction in chinese manufacturing pulled it back down both light sweet and brands are down around one percent this hour. now the european markets are in the red this hour earlier we saw gains us chancellor merkel and french president sarkozy agreed on the joint approach to greece is that crisis that's ahead of today's new summits the footsie and the german banks are losing their round three

quarters of a percent this hour and let's take a look at what's happening on the russian markets there's only coming out of the negative towards there right now they're flat and that's the spy reports of lower unemployment rates and accelerated retail sales in june let's have a look at the index movers on the bisects energy stocks are in the red with gas from losing almost half a percent banking stocks are also trading and negative territory shedding almost one and a half percent there and bucking the trend this ross telecom it's rallying on speculation that could be completely sold suv private in the. yes there is. now the ruble could be on the downward slide f. researchers from the higher school of economics are to be believed they're suggesting the russian currency is ready for a devaluation next year and according to them it's weakening as inevitable. physical volumes of roughnecks they are constrained and prices stable so you would

just continue the trend of stable oil prices and the same on let's say slow ones all the import we we anticipate for four across twenty five percent year over year and if you combine those two players your see that in the second half of their own next year russian current account was below one percent of g.d.p. of their for unstable spatial 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 that is definitely the terror of all the instability over a month and historically we saw it in ninety eight to two thousand and eight as. is below one percent versus there were issues. and that's all the business is for now dmitry will have the next update for you in about fifteen minutes from now but in the meantime states soon for the headlines for that less.

wealthy british style. sometimes writers. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to cause

a report on our. losing sleep. forty two thousand americans die each year from car accidents will be a thousand. seven hundred thousand people murdered and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us

here part disease is even more devastating it kills over eight hundred seventy thousand americans every day here. and discover its beauty. communicate with the want to. test yourself and become free. to. see what nature can give you.

a very warm welcome back it's. easy you need. a house to fall and continuing this is the debts academic now gripping its knee and spank the strain zero on its last legs. and international media mogul in its home politician come under huge pop. excrete raising doubts they'll be able to survive the fall out of the scoundrel and restore public trust. the last remaining u.n. indicted war crimes suspect gordon hardage the way you see extradition to the hague

after being captured in serbia belgrade to move forward with a country closer to membership. next that kind sir explains the consequences of u.s. debt deadlock as he digs the scandal behind the latest financial headlines because reporters next. stacy herbert this is the kaiser report you know ideas are the currency of any revolution. max ideas are in our headlines today the first one could the cindy sherman of monkeys accidently revolutionize copyright law for artists so cindy sherman is the famous artist who takes self portraits and if you look at this image that's not cindy sherman that is

a monkey from indonesia and he. took the camera from a nature photographer visiting indonesia and took south portraits of himself now this has become a big copyright issue because copyright in for ta graffiti always belongs to whoever took the photo who actually snapped the button not to the person who owns the camera or whatever so the the man who took this photo david slater was working for caters news agency and now caters news agency is sending out cease and desist orders to people like tech dirt dot com who posted the photo and tech there to saying well you don't own the copyright. agency wrote back to them and say well neither do you so you can't post it all copyright law even in its current absurd iteration and we've talked about it before it's effectively a global lobato me this perpetual copyright as lawrence low.