in india in the movie. the brandon period tried to.

run the. hotel treat. it to the whole crisis talks of the. supporters and opponents of hosni mubarak clashed. with the. president of egypt faces trial. be charged with conspiring in killing. people categorically denied. now think of. divisions in the u.n. security council western countries press for an outright condemnation of. russia says that it could damage the road to peace and calls for more.

international news and comment this is all to live in moscow just turned eleven pm in the russian capital beleaguered europe is caught in stormy seas once again as italy has held crisis talks with the. costs the country's bond yields have reached their highest levels since the euro was adopted however prime minister silvio berlusconi has stopped short of asking for a bailout and all europe correspondent daniel bushell. don't panic is what prime minister silvio berlusconi told the parliament but that's exactly what the markets are doing he said that he had italy's debt under control and that he was putting in spending cuts to make sure that the economy was affordable but the news came out the bank one of the world's biggest lenders has slashed its exposed not just to italy but to the other troubled states of greece ireland and portugal which really sends out the signals because it's the business who decide at the end of the day

not the politicians and investors are saying they really don't trust the word of the national politicians who say they've got their house in order so it to me has been in crisis talks today with john closed your guy who represents the finance ministers here for the euros and because the mediation will continue to take place in calm but really the markets the same the opposite because of course people promised all through the first greek bailout that there would be no more then italy comes along which of course in the meantime we've had paul to go on and on a second greek bailout the people here in brussels are also being you know he will promise that there will be no more and yet there's another another taking place in the roofie is here that there was a domino effect and the yields on italian have reached over six percent which is considered the threshold will sustain a bill that spain in the same boat over six percent and the prime minister there is up in terror has canceled his holiday to do with the crisis in spain the trouble is

greece going on the relatively school economy italy is bigger than all three put together so even if the e.u. here doesn't want to bail them out the question is can they afford to italy's parliament the polls these pretty savage spending cuts just last month but all the solons all that the italians won't take them they're talking of national strikes they're talking of refusing to accept pretty much the same snorer as we saw with greece which saw all these horrible violent protests on the streets that were really fearing a repeat. of the horrible things that we saw in athens and once again we see europe is turning to the emerging markets for rescue. which the european investors seem not willing to buy so it's really a case of the emerging markets once again coming in to bail out the struggling economies of europe correspondent daniel bushell there and market analysts fear the spike in bond yields is a clear signal that the sovereign debt crisis is

a long way from being under control and earlier i spoke to roll he's an economist with the independent think tank open europe based in london he believes that bailing out easily would prove an impossible feat for the eurozone if you look at the size of the euro zone financial stability facility it's tops out four hundred forty billion the current debt market for its year alone is one point six trillion euros so even if they try to use the fund to buy up some italian bonds or provide some for cautionary lines of credit new new additional measures that were agreed on the second greek bailout it's not clear how much difference they would really make given the size of the italian economy and size of the bond market once the bond market turns against the italian economy which it looks to be at the moment and the costs keep spiraling out of control it's only a matter of time until they become unsustainable really on fortunately we have a race to the bottom here spain does have very large boring costs as well and a large amount of refinancing coming up over the next year and the borrowing costs

are increasing slightly quicker than in italy and also as big an internal problems in terms of the repast real estate market and very poor economic growth as well so there are more problems really in the spanish economy itself and then you could see the italian economy but again it does look to have a bit more political stability at the moment although with the upcoming elections that adds another layer of uncertainty so both countries the future isn't looking great at least in the near term. across the ocean there the world's largest economy has been rescued from the brink of collapse barack obama signed the bill to raise america's boring 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 despite the last ditch agreement john moody's has slapped the u.s. with a negative economic forecast while standard and poor's could still downgrade its triple a rating that is a katrina control reports many say that the u.s. is used to dishing out advice to others who 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 car the u.s. just had to swallow this bitter pill but many still doubt 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 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 bring pressure to live within your means the same advice they gave us without knowing our economic and social reality in the. victim the russian guy had. 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 for figure inflation in russia's history the us is sark into now and as the communist economy was in collapse but there was nothing to replace it with. the situation was disastrous for it did was over one hundred billion dollars in gold and foreign currency reserves was and fifty million which effectively means nil. if you want to

reformists of that than government remember how in america's advice so-called shock therapy was a plot the markets might have got the therapy but the people got the shock empty shelves and mass pull there is in this goes as one politician said to move from a market to a communist economy is easier 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 more than 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 would be us now the patient in dire need it could all mix surgery will soon see the maps and they thought it was good enough for both soviet russia will be feed for america if the democrats are of the art of. egypt's ousted president hosni mubarak is on trial in karo for corruption and

ordering the killing of some eight hundred forty people during the february uprisings a charge that could incur the death penalty outside the courtroom mubarak supporters clashed with his opponents one person was killed a father fifteen were injured as each side holder rocks and bottles at the other bodies are sort of workers following the developments for us there. well the judge presiding over the courtroom role that the trial of course the park will be a joint field all grass based is primarily due to house reasons i feel that he is expected to remain at a military hospital overseen by and i'm college if he's. concerned that this outside insists that he is in the red people this and that max could prevent him from. behind and standing trial i feel it's conclusion if you can ask him what if he were slipping in and out of consciousness that's

separate from that he was suffering. but maybe pastor it's your you know kyra people were camping out i think back in january in fact believe that all these reports are for health and nothing more than just a theatrical ploy to add football and a child from back to part from testifying they believe that that's played nicely today has also. increased that is the charge of it just because many of the generals that out members of this council i saw myself in. some of its testimony and make that side on some of my. compromising political alliances that helped him to remain in power for so long now of the child was asked to relativize very happy security operation if i was five thousand absolutely and that's dr kelly was here at the tried the clash it's become essentially

a feature of the day here in cairo in the morning. and actually the foreign protesters want to respond was. all wrong there are a lot of acts that patients that are these trials are not only because. many helping the revolution first the people. that if you were big think you get the cancer but her jimmy carter me how many people were disillusioned that my colleague mary international now reported. 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 clear means liberation well the religion of january put this part of the globe on the map but apart from that what alstott is bringing 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 seeing between the economic devastation caused by and rest and political uncertainty muhammad's enterprise has been badly affected now he can barely a food to feed his children he says the wind of change may have brought freedom to egypt but it's brought a survival stone 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 we 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 the five months on there is little satisfaction and dictator free egypt is far from the best place to be and the fear of the people. and the. the people now are talking about more. than that they. would be a better solution and this in fact as their very sad that is our people are indeed tired even those who back the changes this young man is from the revolution is youth. he tries to remain optimistic and he says sounds a lot like south conviction that if they keep us safe we've been living under mubarak for many many years too many i'd say but it's great what we did the we do need to be more patient and this is difficult we have a lot of progress but we do need to wait for

a little longer. recentre need demonstrations in africa square show that this tie system has been pushed to the limit and it's traitorous versus patience in the battle to save egypt from crumbling for the duration option or r t kyra. well for more on the barracks trial and the situation in egypt will now talk to you at a young time he's deputy editor in chief of the newspaper in cairo thanks very much indeed for joining us now all of the people seeing real justice with this trial or could the interim military government just be using the trial to appease public anger over the perception that so little has changed since his fall. well i don't believe i don't believe in that i believe that a lot of a lot of. have been done during the law during the last fifty five or six months.

including the former president stepping down on the favor really eleventh so i not one of those people who believe that all these things or all these procedures. for the sake of calming down the people in the public. what we're witnessing in egypt not only in the region. radical changes which are going to shape the future of not only the egyptians but the whole of the region so if you say a lot has been done and there have been radical changes why is it that we've seen protests in the streets recently the sypher is an angry protest in the. when you say angry protest what do you mean by those protesters you mean the protesters that have taken to the streets on. july eighth or. what of

those protesters the recent protests we've seen suggesting that there hasn't been as much change as the egyptian people want and it's been clear in the media the recent the recent poll. actually we have taken to the streets to push the government to certain decisions to take certain decisions like running the trials in click. also to to push for a speedy trial for the president at trial which was underway actually so the protesters have taken to the streets recently to speed up the procedures not to to to push or. to push the government to such procedures both to speed up the implementations of such procedures let's talk about the trial do you think this could be a message to all the middle eastern leaders like gadhafi in

a sad that this could be waiting for them in the future. well there finitely many messages actually this this trial is in the head but it's was made many massive. but let me try to clarify at the beginning that it's on one thing i'm whipping those messages are being delivered on with english deliberately because when when when we go ahead with the trial of the former president we we don't mean anything we don't mean any implications to the neighboring arab countries but the force i mean those messages being delivered on with english. some of the bassett is. that it's kind of warning for tomorrow's criminal criminals not to be bored today this is one of the important message is which are being delivered by this trial the other masses which is it's

a kind of supportive messages to the publics. which the public which has taken to the streets both in syria in libya and in yemen not to leave go to keep pushing because those people those tyrants beyond not gods and they are not even simply gods. could be toppled them they could be try. and fortunately one of the other matches that message is being delivered to those tyrants that i am afraid that such a trial might might push them to hang on to power. more violently to to act more violent play but this is in advertently masses that we come all to help. let's refer now to the recent events

in egypt we know the armed forces moved in to clear protesters recently from tahrir square something we touched on a little early. that sort of reaction from the military doesn't really suggest that the country is on the road to democracy and to free speech does it but you seem to say that much has been done and much has changed there in what way then if we're seeing these images in what way do you see the country improving since the fall of mubarak. well i can i can tell you that the country is moving in the right direction since mobarak to step down on certain respects. for instance on the on the as far as the freedom of expression of this concern yes there is a limit the freedom of expression which we are witnessing and experiencing these days of. each also. the transparency. the whole country because we have

a saying once we have the say before the revolution that every every country has a mob you have a mob. in egypt it's a mob that has a comfy now we're free of. that mafia so i believe the company is progressing on many levels in many respects. but of course we have to admit that like any revolution. any revolution has certain negative impacts on certain respects like the economy for instance but these things you know the go hand in hand was a revolution it's the egyptian revolution. will be an exception but i guess that the political reforms that the the the there were evolution as has managed to effect is the best guarantee to make

a big comeback on the economy level yeah thank you so much for joining us good to hear your thoughts there life from conrad from the ironic newspaper thank you for your time thank you you thank. well by the way you can check out web site is www dot com for more stories news and videos indeed you can watch that interview once again. on the web site. for economic reform but also for international media attention. the president. might strike a chord with. those stories available right now and dot com now there's no sign of letting up in syria the crackdown and protests continues as government tanks reportedly move into central hama the opposition stronghold when one hundred people are said to being

killed over the past few days and meanwhile the u.n. security council has condemned syrian attacks on civilians and human rights violations let's get more now from. she's in new york first what's the latest marina that's come out of the u.n. security council meeting. that's right bill after three days of negotiations and talks behind closed doors a presidential statement has come out from the security council now this statement condemns all use of force against civilians in syria it goes on to also ask the secretary general of the united nations to report back to the security council in seven days after implementing some of the suggestions that the presidential statement makes and that is to refrain from all acts of violence as i mentioned to add here to international human rights laws to make sure that international

investigation is launched into the ongoing violence in syria that began in mid march and at this point we do know that the russian ambassador to the united nations vitaly churkin says that this is a signal. that all participants of violence in syria should stop immediately any acts of violence and come to the table for peaceful dialogue no presidential statement is not as forceful something like a resolution but it is still a signal from the international community calling out the syrian people the syrian government hoping that it would help our sharin some peace and peace and stop the ongoing violence we should also member that lebanon a nonpermanent member of the security council did speak at the end of the meeting saying that whatever affects syria affects lebanon and vice versa. part of because of that because they are such close neighbors such close allies have such

a close partnership that lebanon needs to disassociate itself from the presidential statement that was supported and read out today in the security council so clearly not everyone is seeing this exactly the same but there is some kind of consensus to try to stop the ongoing violence that's taking place in syria. from new york. brings up today for the moment i'll be back with some of our main news stories in about five minutes from now in the meantime it's the business with marine. hello and welcome to business here on arts now rush hour is set to launch its most ambitious privatization program since the nine hundred ninety s. the government ends to fully sell fourteen major state companies by twenty seventeen and our susan going to school brings us all the latest details it really

is save just saying that this is a deal or just privatization one in russia since the ninety's they're talking about some really huge companies like russia second largest bank the t.b.d. or electricity generator producer. airport in moscow and saw from florida large freight company all of them are going to be privatized in the next two years the government only plans to leave the so-called golden share which will enable it to you know some of the decisions of the new holders you know probably one of the most interesting so small this list to be privatized is going to last year to russia's largest oil company the leader in the petroleum industry actively explores and develops in the most regions of russia it's also one of the biggest public companies since fifteen percent of it shares are all that are floating all of the market currently seventy five percent i would share is belongs to the state but the

government wants to reduce this figure as soon as by twenty fourteen they want to see the state control fifty percent plus one share of course yes and that will be after the first stake is sold it is expected that that should bring around thirty billion dollars into the state budget and also expected that the second stage should be twenty five to fifty percent more expensive so that would bring even more cash into the state budget all of this is part of this huge privatization plan forward by the president and it's. used to bribe. a log of state said by the seventeen. let's take a look at the markets now oil prices continue to fall this hour investors that signs of a slowing u.s. economy may fall to fuel demand in the world's biggest crude consideration. and gold is edging ass concerns that the u.s.

economy is faltering are boosting demand for safe haven the yellow metal is adding almost seven dollars per ounce while silver is up one dollar. and ball it's out trading on the u.s. markets today this hour they are mixed it was a better than anticipated report on labor that didn't affect the markets that much and this has been the ninth session in the row stocks were down making up the longest losing streak in nearly three years but again we are seeing in this is sleep into positive territory now let's take a look at what happened here in russia moscow all the markets closed in the negative territory tracking losses in europe and asia both the r.t.s. and m i six lost over three percent let's take a look at some individual movers on the my sex either due majors were among the main losers swayed by a lower crude price gas from went down almost four percent banking stocks were also down with needs to be losing three and a half percent but bucking the trend of us politics gold adding point six percent

on stronger precious metals and i like a skull so for me to be capital says the russian market plummeted in obvious correction after recent highs. the russian market the military probably to the strength ruble in the oil price has been stronger than the external markets where it well europe was gradually falling apart both fields were climbing then the indices were falling russia was holding out really well and was is was just a few days ago trading near two month highs for the russian indices so it's quite obvious that the correction was looming and over to the names most affected by those that held up most of the correction to name a few steel stocks or innova tech. and that's all for me this hour the headlines are.