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a letter to the socialist see don't need to go and. read this in the kennel was her job as a retreat. the deposed president all of egypt goes on trial in cairo hosni mubarak is charged with corruption and the killing of protesters as angry crowds are clashing fatally outside the courthouse shortly we'll be talking to our boy who was there reporting live. it really begins a crisis talks with the e.u. over its mounting debt problems sparking concerns it could be on the path to a greece style there are. divisions in the u.n. security council western countries press for an outright condemnation of the syrian government for violence russia meantime says that could damage the road to peace and calls for more balance. and business paper could become and so russia in its twenty five million dollars deal will have more in business in twenty

minutes. global news a live from moscow's city center this is artsy. the man who ruled egypt with an iron fist for thirty years is on trial after the february uprising that ousted him from power hosni mubarak is accused of corruption and ordering the killing of some eight hundred forty people that's a charge that carries the death penalty. is outside the courthouse in cairo standing by live for us on a high the opening day of the trial has wrapped up can you can you take us through the hearing what happened. has that. feel they can primarily be. expected to remain military

far from overseen by and colleges. to undergo. cantor and. indicated that he may be suffering for lots of that illness nowadays now he's how. third. in his hands indicated that he was in quite a feeble condition. public t.v. here in egypt a few days ago saying that he needed assistance every time to the bathroom so. that he was sleeping in and out of consciousness that he was suffering from a major depression and essentially that didn't want to be any longer now. we found it but the reason for. the trial of them from the pastors

out on the back in january believe that all these reporters were how exceptionally rude they are trying to be trying to ban mubarak from giving piece of testimony in the courtroom after forty but that's including the former interior minister and the firing. had fuel and. minor point i would like to point out that these. clashes here in cairo well that's what we see the only question really if there are in the morning. the pro and get out the supporters that we. saw and i do apologize i do apologize i'm going to cut you off there regrettably we were having a bit of a technical time with your microphone so we'll catch up with you a little bit later for now though let's cross into our maria for an option as a story all about your reporting on mubarak and egypt. 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 else did it bring the people of egypt. this man has been running his own business for thirty five years it used to bring him enough money to send his son to study to canada and take his large family abroad one see. between the economic devastation caused by and rest and political uncertainty muhammad's enterprise has been badly affected now he can barely afford to feed his children he says the wind of change may have brought freedom to egypt but it's brought as survivals tong in its wake. 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 tunnel 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 it took eighteen days to end one of the world's longest dictatorships but five months on there is little satisfaction and dictator free egypt is far from the best place to live and the people. and. the people know about mubarak as well much better than that there is. a bit of aleutian and this in fact is a very sad that is our people are indeed tired even those who back the changers.

this young man is from the revolution youth caliche and he tries to remain optimistic but what he says sounds a lot like south conviction. and i say we've been living under mubarak for many many years too many i'd see 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. reason to need demonstrations in a square show that there's tyson has been pushed to the limit and it's protests versus patients and the battle to save egypt from crumbling further. r.t. cairo. you with r.t. live from moscow now a new storm is brewing and crisis hit europe as italy enters crisis talks with the e.u. over its surging borrowing costs the country's bond yields have reached their highest level since the euro was adopted spain is facing the same problem as traders rush

to rid themselves of risky investments economics journalist patrick young says a bailout would be disastrous for the entire euro zone. the european union's be a light fund is on the verge of running out of money as soon as one of those major economies such as spanner italy defaults and every day the market is saying it is terrified of the debt that has been built up in the system and it's appalled by the fact that nobody in the euro zone wants to actually lead a side of this problem italy asks for a bailout there simply isn't going to be enough money in there in order to manage to pay it at the same time we've got a problem because banks in france and germany well they're very much split the big banks are finding ways to try and reduce their risk and reduce their profile of debt in these lesser quality nations the big banks are moving very quickly to get out of this debt i think the problem is that they're using quite sophisticated a derivative instruments often in order to reduce their holdings and the problem is those instruments aren't necessarily available to smaller banks in the sea and big

countries. france and germany so we actually have a problem because when mrs merkel or mr sarkozy looks at the problem tonight they've got a situation where the big banks may be able to say if you i'm ok i've got out of this problem but actually the smaller banks are the ones who are going to be left holding the baby actually italian hard holds by a huge mind of italian government bonds and that's always been a very steady business but at the same time somewhere along the line you need to sell some of your bond issues to overseas investors and if a bank like dogshit buying basically says we don't want to hold government bonds a lot of other foreign investors are going to say gosh it might could be on to something we don't want to buy those bonds either and the problem for italy is it has a lot of refunding coming up in the course of the next six months in other words it needs to sell a lot of debt and no one in the euro zone wants to cure the problem they simply want to throw effectively aspirant took you're an appendicitis annoy everyone is

gradually getting the appendicitis throughout the euro zone and unfortunately the way to cure appendicitis is actually surgery. meantime across the ocean through the world's largest economy though that world's largest economy excuse me has been rescued from the brink of collapse barack obama signed the bill to raise america's borrowing limit with just ten hours to spare before the country was due to default after months of political wrangling democrats and republicans hammered out a last minute compromise which finally cleared both houses of congress however the deal to increase the u.s. debt ceiling by almost two and a half trillion dollars is viewed as less than perfect by both parties many republicans pushed for less government spending while democrats wanted to keep social programs and have the richest americans pay more in tax but despite the last ditch agreement credit giant moody's has slapped the u.s. with a negative economic forecast standard and poor's could still downgrade its aaa rating gerald celente from the trends research institute told r.t. that the u.s. is headed for another great depression. to devaluation of the dollar it's been

going on for a long time but they're not calling it a devaluation what they're doing is they are flooding the world markets with cheap dollars just as the europeans are doing with cheap euro's so the more the product is out there the less valuable it is the dollar is it worth the digital paid for it's not printed on the united states can't deliver on its wars that loses wars where there rock afghanistan the war on drugs the new war with libya they're losers 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 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 if you have a third mortgage it's like taking out a fourth in a fit how is that going to fix the real estate problem which by the way the prices

of fall and more dramatically since two thousand and seven since the great depression of the one nine hundred thirty s. how is it going to fix the trade deficit problem it's not the great depression is underway and all they're doing is trying to make it look as though they have a plan to stave it off they're not going to. what economists continue to sound the alarm of a danger still facing both the u.s. and world economies that's feared washington's efforts to cut spending could just slow down already sluggish growth but it's also you said you couldn't get a shovel reports many say that the u.s. is used to dishing out advice to others but may be less accustomed to helping itself. 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 still down today will how 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 any economy is going down rapidly at some point shortly after the collapse of the soviet union russia became an american laborde tree for nearly economic theories but can americans take their own advice now to deal with their own economic crisis. live within your means the same advice they gave us without knowing our economic and social realities. week to be russian to how did russia central bank in the immediate post soviet period the year he took up the job in one

thousand nine hundred two so the worst for figure inflation in russia's history the us the sorry came to nando's the communist economy was in collapse but there was nothing to replace it with. so the situation was disastrous for you did it was over one hundred billion dollars in gold in foreign currency reserves well listen fifty million which effectively means nil. people to reformists of the damn government remember how in america's advice so-called shock therapy was applied the markets might have got the therapy but the people got the shock empty shelves and must pull their teeth as one politician said to me from a market to a communist economy is easy it's like 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 norden russia a decade to revive its a quarry him and return to economic growth transforming the country's fortunes

after the disaster of the nine hundred ninety s. but with the us now the patient in dire need of it could all mix. we'll soon see the maps and they thought it was good enough for both saw the russia will be feet for america it's not going to kill the art more scale. and plenty ahead for you this hour right here in our including rocking with the stars find out why georgia's president's love of pop parties and music is failing to strike the right note with some in this country. there's no sign of violence in syria lighting up the crackdown on protests continues amid reports of government tanks moving deeper into the opposition stronghold of hama one hundred people are said to have been killed over the past few days meanwhile the u.n. is locked in debate over what action to take on the crisis marina portnoy is in new york. there is a divide among security council members on where the condemnation lies 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 the russian ambassador to the united nations vitaly churkin has said that 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 wild of some of these collision of the gauntlet and saying that these circumstances the security council could and should. have signaled in favor of political accommodation and the violence some of the positions to flood teaching in terms of leaning on one side which is detrimental to the objective picture. of the russian delegation shared by some other members of the security council to do everything possible in order to. pull away from the brink of a civil war with syria is finding itself russia and many other security council members believe that the text of any draft resolution or presidential statement should be aimed at changing things on the ground in syria to send a strong. signal to the violence and move things forward peacefully now we do know

the security council members will continue discussing this matter and what is clear is that the international community is trying to reach some type of consensus to help end the violence that's been taking place in syria for more than four months. reporting that when i talk about the ongoing protest movement in syria some analysts doubt that the opposition accurately reflects public opinion in the country and its political expert michel chossudovsky says the gap between the two conflicting sides is only why. the question we have to ask ourselves is what is the underlying cause of this of this so-called protest movement it looks more like an old insurrection with god which is supported by the bows of the brotherhood all these events in effect. from islamic groups the city of hama is a stronghold of the muslim brotherhood and especially this is

a confrontation between the muslim brotherhood and the government i do not think that it reflects generally public opinion in syria which is committed to secular. muslim society. now you can always catch up with the latest developments unfolding in syria just do so one line at artsy dot com to get our crews a view from the ground as we take you to the city of hama to give you a firsthand account of events directly from the heart of the protest torn area. also a wooden alien lands that in russia this monument to extraterrestrial visitors is unveiled in an area famed among your fans the high numbers of reported sightings all that much much more than ours we don't count. all right so now let's get some other international news for you this hour here on are four people have been killed thirteen injured after western baghdad is struck by twin explosions

officials say the bombs targeted a liquor store the first brought police and witnesses rushing to the scene to be caught by the second blast a few minutes later this comes after iraq's political leaders gave the go ahead for talks aimed at keeping u.s. troops in the country on a training mission. japan has a passed a law to help tokyo electric power paid compensation to victims of the fukushima nuclear disaster the crisis forced almost eighty thousand people to move from around the crippled plant with farm fisheries and the tourist industries in the area also hit hard the government is expected to pitch in an initial twenty six billion dollars in special bonds but the eventual cost could be much higher. hundreds of troops have been deployed in the city of karachi in attempts to the ongoing violence that has killed almost sixty people in five days reports say bodies were found scattered all across different parts of pakistan's largest city some riddled with bullets and showing signs of torture police to believe around two

hundred people were killed in the city last month alone much of the fighting has been blamed on supporters of the country's main political parties. a grand m.t.v. concert has rocked the republic of georgia in an event the local critics have branded a waste of tax payer's money the struggling economy and rampant unemployment georgians have questioned how and why the president coughed up the cash for such a spectacle and as artie's sarah for three ports mikhail saakashvili is hoping his approach will strike a positive chord with voters that were two of us only been targeting the m.t.v. generation the state funded put confident that to me is certainly attracted some big names. i like so my can you k. good here's georgia just what. rights watch our favorite. president back it's been a popularity continues to fall specially among the older generation and he's now

trying to hail a much younger crowd it's not the first time the president's case eat up to stars what many see as a bid to win popularity. with the stock market for a specialist or more than a p.r. i'm sure he knows how to circle the shop across the system inside the country but if the same time how the raid was brought down by. restoring diplomats or restore government p.r. conscious president has often used music as a political weapon this song commissioned ahead of the teeth thousand and eight presidential election uses his nickname in the humble title me sure is cool. you know any other normal country where twelve singers or singers are pretty bold the president all these high profile publicity stunts they come at a cost. i dunno 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 months for them and that was the concert adverts will certainly have gained the country attention in the west beyond beautiful but to me it is still a country where human rights violations are 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 center tbilisi recently who. 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 government accountability issues it seems that can be brushed under the red carpet it's been clute the biggest party to the basics of the events are being quick to point out. in the very. early trying very. hard. to believe. now if you stay with us shorter you can watch our special report on the u.s. led invasion of iraq and of course the aftermath of the war but before that a marina now joins us with a bit of a business update marina you'd mentioned a few moments ago pay pal would be coming to russia but it's been operating for years why make the move now well here's a thing or even a actually owns pay pal and it's coming to russia but to make that happen in these

to sort out it's all line transactions for you know russia is considered one of the largest and fastest growing payment markets in the world so i suppose it makes perfect sense exactly but i'll tell you more about that in the minute we have other news and that is that russia is considering the full privatization of one of its oil majors are also left by twenty seventeen now the government's already plan to sell a third of the company leaving the controlling stake untouched so weeks ago russian president dmitry medvedev said the state will not rush the privatization of all snuffed he outlined the decision will be made as he says it is considered necessary . and now to the news though sulking about pay pal is way implants to open an office in moscow this autumn accordance with a the most newspaper the world's largest online payment portal is spun into invest twenty five million dollars in russia pay pal is coming hand in hand with its own there as i mentioned earlier online auction site

e bay and in order to operate to russia even these to sort out not just its own line transactions but also the delivery and while that's in talks with the a trial about postal services pay pal will be transfer in the money analysts say pay pal as move looks reasonable given russia's booming online payment market. prices for jet fuel and russia are about to take off again the country ski suppliers raise fuel costs by up to ten percent on tuesday all companies say that high global crude prices and domestic shortages are spurning crease in addition the lack of fuel is being driven by higher traffic volumes from russian airlines jet fuel prices have risen twenty five percent this year with the previous hike in early june. now let's take a look at the markets oil prices continue to fall this hour and investors that signs of a slowing u.s. economy may falter fuel demand in the world's biggest skloot consuming nation

features dropped as much as one percent since you say after the unexpected fall of the u.s. consumer spending. and as far as gold is concerned it's edging ass concerns that the u.s. economy is faltering are boosting the run for safe haven they are all metal is trading half a percent higher while silver is adding a point eight percent there. is a look at the european markets stock markets there are lower only heels of sharp losses in the u.s. and asia along the was performers are societies and their own which dropped six point six percent after reporting a thirty one percent drop in second quarter net profits of the banks are mostly lower as. well bots except for standard chartered which rose two point two percent in london after the lender reported at twenty percent rise in its first half while things. and here in moscow markets are divergence in negative territory tracking losses in europe and asia both the r.t.s. and the my socks are losing over one in the have to start this hour

a second look at some individual moves on the my sex and energy majors are among the main losers played by a lower crude price gas promise down over two percent ball rolls left is one and a half percent in the reds banking stocks are also down with the it's a good losing one point seven percent but bucking the trend this poll is gold adding zero point six percent on stronger precious metals. gas from the left has boosted its first half net profit by seventy four percent to two point six billion dollars the oil arm of the gas monopoly gas from says there was also driven by high crude prices and better sales. russian mobile phone retailers thousand oyez celeste on the london stock exchange next year the company's c.e.o. has estimated its value add between one point six and two point eight billion dollars and says up to forty percent of shares will be sold meanwhile says no one

has reported a twenty six percent profit growth for the first half of the 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's a private placements there's also a possibility to get rather than equity financing so once again we're looking at i.p.o. is one of the alternatives to which your response the reason why we actually need to raise funds is primarily for the other projects within the group the sure holder of them says no it also has other projects like snow being that it's looking after and those are the projects that need the funding. and that's all the business is for now the headlines are next to boring. thank you.