all. india owes you somebody to believe in the movie the joys the hotel rooms. the gateway hotel the grand imperial truly the torturously. let's turn

to see don't need to go and. run this in the kennel was hoto as a retreat. egypt's former president hosni mubarak's trial is underway in cairo six months off the mass protests from power. charged with conspiring killing one hundred eighty people something that categorically denied me up kind of look at from what would be helping commit. the us when i was a self-made. devastating default a country that never hesitates to jump at the chance to advise other nations through their economic struggles turns out to be unprepared. and crisis. to moscow coals of the u.n. to talk to the syrian regime action to push the warring sides towards dialogue to end the violence but this comes amid reports that government forces have overrun

the city of hama more than one hundred people up believed to have been killed in the past few days. business prices for jet fuel in russia to take off again the country's two supplies have raised fuel costs by up to ten percent join me for a full business bulletin in twenty minutes time. a very warm welcome to you this is live from moscow with me. egypt's ousted president hosni mubarak has been in court on his sick bed facing trial six months after being toppled while outside the court clashes have been have been erupting between supporters and opponents of the former leader leaving one person dead and at least fifteen wounded let's go live now to our correspondent on the boy who is standing by in cairo and hello to you so the trial for it's been underway today are

the charges against him his sons and top aides have been read out so what were they and what was the reaction. well they haven't changed much the main charge that they levied against hosni mubarak his kids are all in the killing of almost eight hundred fifty protesters during the initial stage of the after rising in cairo and you know they speak of it he is accused of also rising giving orders to the police the live ammunition tear gas tanks to be heard. he's also accused of using a rather abusing his office to accumulate his first wealth and if all of those charges are proven he may indeed face death penalty by hanging out during the proceedings today we haven't heard much from the bar talk that might be only for a few really honored ones that he was there he was i'm here and that's exactly what he said and i categorically deny all the charges levied against me now. he didn't

elaborate on what exactly he meant by his earlier testimony there is testimony that came during the initial interrogation baking april the transcript of that was leaked to the media and in that transcript he was quoted as saying that he. denies any responsibility for the killings you believe that these massive death toll was the result of random clashes going to happen to these he's basically sad that he gave holders not to use force and he also is not that happy authorized the use of force nobody but him listen to him some of us interesting as you say the former president saying it's random clashes behind the deaths that he's not responsible as you are saying he denies the charges against him the charges of the deaths of nearly eight hundred fifty people during the revolution but since then more protesters have died so what just has changed in egypt over the last six months.

well this is you have to navigate illustration of all the confusion and care that is occurring and to these days you just pointed out that about eight hundred fifty people were killed during the initial wave of driving and those people are what they refer to the aftermarket as that family is that being a caption that thousands possibly even hundreds of people who don't have to be fact that know at this point of time but many more people were killed and injured folding. up rising and following the bark stepped down from office many of those clashes in the belief that the protesters there were thanks by being temporary militarily that house bill that is now in charge of it at least if jealousy is that not that much has really changed in a chip and some of those have a hand the tactics that were used by the mubarak regime as field of play and are

being used by the fact that they now many of the old people. had during these initial way initial uprising. also it might be my calling mary for a notion that now reports. this quaint cairo is now one of the most famous in the world many around the globe even those with little knowledge of arabic know its name means liberation well the revolution of january put this part of the globe on the map but apart from that what als didn't bring the people of egypt. these men has been running his own business for thirty five. it used to bring him enough money to send his son to study to canada and take his launch family behold one seeing between the economic to the station coastland rest and political uncertainty mahomet's into price has been badly affected now he can value food to feed his

children he says the wind of change that. we have brought freedom to egypt it is a grant and survival strong in its wake. but you know i love the revolution when it happened i welcomed it that looked at the time like a light at the end of the time that you see it's not getting better we have nothing to eat just don't tell me about democracy for hungry people it just doesn't matter . the plight of poverty fuel the revolution your growth has dropped from five to just one percent some thirteen million people live below the breadline unemployment has hit twelve percent. egypt's revolution was regarded as the most successful arab spring chapter and took eighteen days to end one of the world's longest dictatorships former president mubarak will face justice within days charges of corruption and sanctioning killing which carries a death penalty of five months on there is little satisfaction and dictator free

egypt is far from the best place to live and one of the people getting ready. and getting ready hoppers but people now think about mubarak as well much better than a day is today about evolution and this in fact is a very sad that is our people are indeed tired even those who back the changes this young man is from the revolution youth caliche and he tries to remain optimistic because he says sounds a lot like south conviction that you know i say we've been living under mubarak for many many years too many i'd say but it's great what we did but we do need to be more patient and this is difficult we have a lot of problems right now but we do need to wait for a little longer. recentre need to mistreat sions in the square show that this toy system has been pushed to the limit and it's protests versus patience and the

battle to save egypt from crumbling for them. or a function or r.t. kyra. without a live from moscow and are plenty more stories ahead for you this hour in clothing . we head to georgia to check out what's behind tbilisi's thirst for glitz and glamour and how president saakashvili plans to win public support by turning up the music. the u.s. narrowly missed as a potential default after years of outing as a guiding light for other countries battling economic hardship russia was one of the states advised by watched and over how to deal with this worst crisis in one nine hundred ninety s. parties that you're cutting are going to has been investigating why america is reluctant to adopt the tough measures to prescribe to us. congress has now approved a compromise to reduce the deficit and avert a default that would have devastated our economy the u.s.

just had to swallow this bitter pill but many students it will help the patients' recovery but will instead prove to be a poisoned chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high no recovery is taking place and are we on a suicide mission we may be gesturing you know to kind of deal with debt at the same time make it impossible for the government to play any role to save the economy in the economy is going down rapidly at some point shortly after the collapse of the soviet union russia became an american laborde tree for nearly broke economic theories but can americans take their own advice now to deal with their own economic crisis repressive live within your means the same advice they gave us without knowing our economic and social realities and we were. big to be

russian guy how did russia's central bank in the immediate post soviet period the year he took up the job in one thousand nine hundred two so the worst four figure inflation in russia's history the us the sorry came to nantes as the communist economy was in collapse but there was nothing to replace it with. support of the situation was disastrous for debt was over one hundred billion dollars in gold in foreign currency reserves will listen fifty million which effectively means new. people tell reformists of the van government remember how in america's advice so-called shock therapy was a plight the markets might have got the therapy but the people got the shock empty shelves and must pull their genius goes or as one politician said to move from a market to a communist economy is easier it's low. trying to turn your query into fish soup but to do the opposite is much harder it's like trying to revive the dead fish it

took you wouldn't rush a decade to revive it's a quarry him and return to economic growth transforming the country's fortunes after the disaster of the nine hundred ninety s. but would the us now the patient in dire need it could all mix. we'll soon see the maps and they thought it was good enough for both soviet russia will be feet for america it's in the direction of art. well meantime a general to silence him from the trends research institute told us here at aussie that despite the last minute debt deal but u.s. is doomed for another great depression the american economy as well as much of the global economy is heading into the greatest depression anything everything that they're doing is not going to salvage it you know what's a reputation a reputation is by what you deliver the united states can't deliver the united states can't deliver on its wars that loses wars whether they are iraq afghanistan

the war on drugs the new war with libya they're losers they the government did everything that they touch look at all the trillions of dollars the tens of trillions that have been pumped into the system since the panic of zero eight struck by the federal reserve by d.c. with the stimulus bailouts too big to fail everything they do they turn to failure the business of america when i used to be a young man it used to be business now the business of america is war and you can see by the new ones that obama started and the old ones that he keeps going. all right i told minutes past the hour here in moscow now the violence is in syria rather it's picking up pace with reports that government forces have overrun the opposition stronghold of hama and of cracking down on protests across the country around one hundred forty people are said to have been killed over the past few days alone meanwhile the u.n. is locked in heated debate over what action to take on the crisis. as this story.

the united nations security council wrapped up their second day of consultations surrounding the violence in syria with what many believe is at least a draft text that each member of the security council will now bring back to their respective capitals there is a divide among security council members on where the condemnation lies that the u.s. and its western allies believe there should be a direct condemnation against the syrian government and the syrian president for the crackdown against anti-government protesters that have been taking place since mid march yet other countries like russia china india brazil and others believe that there should be a much more balanced approach that whatever words are used in any text that is put forth by the security council should not exacerbate an already sensitive circumstance in syria now russia has said in the past that it opposes on balanced measures such as sanctions that could create an even bigger problem and the russian

ambassador to the united nations vitaly churkin has said that the resolution dealing with libya he believes was dealt with very frivolously and the security council can't help but keep that in mind when contemplating what the security council can and cannot do when it comes to the situation in syria we're concerned about the while and some of these beliefs of the conflict and we think that these circumstances the security council could and should. those that have signaled in favor of political accommodation and ending the violence the security council will convene again wednesday morning to continue taking on this issue of syria and all the violence that has been going on for more than four months there. reporting that right now it's quarter past the hour here in moscow let's return to our top story now the first day of trial for the former egyptian president hosni mubarak and the

trial it certainly saw some clashes outside the courthouse is charged with eight hundred fifty charges all of the deaths of civilians during the february revolution again allegations of eight hundred fifty people being killed by government forces these are all charges that he categorically denies that of former president hosni mubarak let's get some more details on this now with. mikhail a middle east expert talking to us from madrid thank you for joining us today what do you think this trial at the end of the day what does it mean for egyptians. i think it's really important. because. people who are expecting not only he's. only. responsible.

and soon to even move. to i think that it is important. to see that there. seems to be a bit of disillusion and disappointment among the german people it's been months now of this new military regime is in power but if we remain focused on the trial today day one of the trial of the former egyptian president is there a possibility that such intense national focus on his trial will divert the country's attention from more pressing domestic matters. he did not say i mean that once again egyptian one please try to be organized. and we shouldn't forget that there are other priorities for the egyptians for them

a lot of them to expect in the coming weeks and coming months is to come when we organize going to action and we do they think nation with a new one and then and the right thing if a new constitution that truth and i don't think of that you would have been the end of the new egypt it was if you look at the situation and if you look at whether egyptians want to understand some of their past i mean if you. understand and to be aware of that bill being there in the new system that they see and you institution and it is also important for them to know that all of what mubarak exerted during his is something that we will get a just. say what they expected but i'm certain sure you are suggesting a fairly optimistic outlook here among the egyptians but months now very little is change some are some are saying it's just when it comes to the military regime the people in power now it's the reshuffling of the same old fun at around the same old house but what kind of developments have we seen so far we've seen continued riots

on to risk. and i don't know the finish they get told that i had when i was just say that he would meet with a long time before egyptians and he could read between the each other and between themselves all of this for months that we've been dealing with because a little clique that as you said the team concept for forces very specifically safety education is the real reason so you could find a lot of egyptians to do this work you know three things or practice where we should also add to that the segments for the egyptians if you want to get if they want to be something you mean also that the army should. get in there as well i mean that is what is going on in the ground we can see also that the only organized . muslim brotherhood and so on but then you say i think that he was. going to be you know right now as he is as we've seen

as we've seen the former president hosni mubarak he was in court today he was basically confined in one way or another two way to a hospital structure is there any chance he's trying to pull the sympathy card look at me i'm frail and we can take take some pity on me. just. because you know that he still. lives there is also want to make it clear that he in all these thoughts and since he feels he has. no error of course i'm not sure that the majority of the egyptians we really. see. we want and i think that in the end you way that there will be some hard sanctions against him but on the other hand we. also. and then. he wants to have the maximum since it is in order to.

sort and i don't you but i forgive me please are running very very long time here but i must ask you one question and please answer briefly what you think colonel gadhafi and syrian president bashar al assad will be making of the pictures we've been seeing the televised courtroom proceedings against the former egyptian leader i mean are they quaking in their boots are they biting their nails and glued to the television set. you know i think that he's just going to have no. lesser known that if he goes there are. they have to defend their national interest in this. and he. could try to have an impact on. middle east expert are talking to us from metroid many thanks indeed. thank you. now a ground m.t.v. concert has rocked the republic of georgia and event some locals have branded a waste of taxpayer money with the economy struggling and unemployment running

rampant georgians have a question how their president coughed up the cash for such a spectacle and as sarah for three ports mikhail saakashvili is hoping his approach will strike a positive note with voters. targeting the m.t.v. generation the state funded coincidence the team has certainly attracted some big names i like so much a new k. do it here's georgia spends lots of money. it's a lot to pay. this president back it's been a popularity continues to for the among the older generation he's not trying to appeal to a much younger crowd. it's not the first time the president's case heat up the stars what many see as a bid to win popularity. this is actually worse mark for. more than a period i'm sure you know how to preserve

a shot across the system inside the country but it's the same time. for restoring diplomats or worse for government the p.r. conscious president has often used music as a political weapon this pop song commissioned ahead of the teeth thousand and eight presidential election uses his nickname in the humble title misha is cool. you know any other normal country where pop singers or singers are pretty good all the president all these high profile publicity stunts they come at a cost car knew. where they got the money to bring such stars to juju to pay for the equipment because government funds come from the money of taxpayers like me and according to you can take money from six pounds but i want them as that was the concert adverts will certainly have gained the country attention in the west beyond beautiful but simi is still

a country where human rights violations not uncommon international groups such as human rights watch say that the government was responsible for widespread abuses last year police brutality bans on free assembly and abnormally high conviction rates in course cited as some of the serious concerns in fact police tactics were evident when a protest in the century tbilisi recently this violently dispersed. the incident sparked international calls for an independent investigation it was known as being forthcoming save the government has found time to plough money and energy into tasting this pop concert and as the stars take to the stage police brutality and lack of governments can. civility issues it seems that can be brushed under the red carpet it's being called the biggest party to see the critics of the events being quick to point out the likely thing called the belief in the very seriously she's

really the trend in the country copeland the fool still going to be ok with the parties and the music so. i think the belief. going to turn off the current. hello welcome to business here in our teeth thanks for joining me this hour pay pal is weighing playing plans to open an office in moscow this autumn according to the head of the sea newspaper the world's largest online payment portal is planning to invest twenty five million dollars in russia pay pal is coming hand in hand with its own online auction site e bay in order to operate in russia even needs to sort out online transactions and delivery while it's in talks with d.h.l. about postal services pay pal will be transferring money say pay pal's move looks reasonable given russia's booming online payment block. prices for jet fuel in russia are about to take off again the country's key suppliers raise fuel costs by

up to ten percent on tuesday oil companies say that high global crude prices and domestic shortages are spurring grace in addition like a fuel is being driven by higher traffic volumes from russian airlines jet fuel prices have risen twenty five percent this year with a previous hike in early two. meanwhile all declined for a fourth day in new york its longest losing streak since may investors bet signs of a slowing u.s. economy main goal to fuel demand in the world's biggest crude consuming nation futures dropped as much as one percent on wednesday out to the unexpected told us consumer spending gold is edging higher in london as concerns that the u.s. economy is faltering is boosting demand for safe haven yellow metal is trading half a percent higher so far is adding point seven percent. let's look at the markets now european stock markets are lower on the news of shop losses in the u.s. and asia on the worst performers on solicitation and wrongly stalled six point six

percent after reporting a thirty one drop a thirty one percent drop in second quarter net profit other banks are mostly lower as well except for standard chartered that rose two point two percent in london after the lender of. a twenty percent rise in its press top. and in moscow markets said diving into negative territory tracking losses asia and europe both the r.t.s. highs next are losing just don't want to have a cent let's have a look at something to vigilance all the bisects energy major is among the main loses weight by crude price. is losing one point seven percent at the top of a one and a half percent banking stocks are also in the red with bt be down one point eight percent bucking the trend is poised gold adding a point eight percent on stuff from coal. has boosted its first half net profit by seventy four percent to two point six billion dollars the oil arm of the

problem says the results are driven by haiku prices and better sales. russian mobile phone retail us is noise to list on the london stock exchange next year the company's c.e.o. has estimated its value between one point six and two point eight billion dollars and says up to forty percent of shares will be sold meanwhile says noise has reported a twenty six percent profit growth for the first half a year. we're trying to prepare ourselves for the possibility of an i.p.o. next year we're looking at two windows one is maple the other one is october i.p.o. is not the only way to raise funds obviously there is a private placements there's also a possibility to get rather than equity financing so once again we're looking at i.p.o. was one of the alternatives to which you raise funds the reason why we actually need to raise funds is primarily for the other projects within the group the shareholder of says neuer also has other projects like snow bank that it's looking

after and those are the projects that need the funding and that's all the business update is so join us in forty five minutes for more financial news here. to. come. to feel.