it shows the elevator that's the great way to get to the ground in very. close was . you can a little bit you see don't need to go and. read this in the can it was which was used to retrieve. dropped stock in peril the fair slide continues in europe's opening markets following a similar grim trading in asia and on wall street the sell off is being spurred by a group economic forecast for the u.s. as well as the deepening euro zone debt crisis. president medvedev says he's urging the assyrian leader to talk to the opposition and start reforms or expect a sad future that's as protesters reject the offer of changes from president assad has wrapped up its hearts on there. if you don't like the little ziplock of the place you live for in some way you do appreciate it was hard line muslims in britain are trying to run down under the control of sharia law critics during the

campaign as a political tool designed to split the nation. and we take you to russia's far east where integration with neighboring china goes far beyond any borders that's in a close up of this hour. told no one here in the russian capital you're watching are to you thanks for joining us now on to our top story global investors remain spooked at this hour as europe stock exchanges open to another sales fleury echoing a similar worrying dips in asia and america all stockholders fear the worst south across back was raise of a sharp slowdown in the u.s. economy as well as the euro zone's debt weigh on their minds an hour or so into trading in europe let's see how it's going our bushel is in. brussels for us so

that he'll nightly i expect any recovery and stock exchanges in europe and the us on friday. you stock markets have been sliding all we see just today going through another significant drop and even more significant drop across the union the trouble is the new school the euro is going from the worst so the top banks of reveal heavy hits from the crisis this morning all the s. banks in the last group billion dollars in court threw on the bank of greek loans i have the e.u. bailout of greece requires investors to take a loss on what they hold and royal lloyd's are built an even bigger loss yesterday morrish losses ok well just briefly why the panic there was special reasons america finally decided on dealing with its debts because greece laura linger scary best doesn't know what we really frightened italy's crisis talks with the european union biggest problem the eurozone is number three economy or even was. the global economic crisis in two thousand and eight in fact there was any time in the euro's

history and investors are also clearly out of splaying it record numbers and if the joint country falls then we really are in trouble and it's the investors who make the decisions and one of the world peace members campaign has slashed his exposure to time in government that as well as out of trouble countries like greece spoiling the portugal which suggests they just don't believe that those countries promise is that they can get their house in order or credible ok thank you very much for that i will certainly be following this closely artie's daniel bushell from brussels there. let's get some insight and talk to hong kong based mark geary who's the it's our president of the international executive search federation and a business consultant thank you very much mr geary for being on the program with us now the major stock markets on both sides of the atlantic they see a lot of red right now as a signal for investors to turn further east. i think it is the we've

seen that the economies here in asia pacific have done very well over the last two to three years they survived the previous financial crisis but i think we're faced with an entirely different type of problem at the moment of all of the kind of well what kind is that if you're saying it's entirely different. as you well i think previously we had a banking crisis where the banks would lend too much money the banks have undergone concern dribble change and reform have strengthened their balance sheets they've had stress tests what we're seeing to me now is a fiscal crisis it's where governments haven't balance their books the bank i think it's ironic in that previously the that the government has come to the aid of the banks and now that the some of the economies are not in good condition themselves because the government spent more than they're bringing in now they're they're sort of going cap in hand to the banks and saying you've got to support us and obviously

the banks don't like that that's not about their economies of india and china there are very economically raising ahead how does this set the stage for more asian firms in to rise in in terms of global importance. and i think that's right that's right we've seen you know china is looking at about nine percent growth this year india eight percent and don't forget indonesia at about six point five percent. that's about forty five percent of the world's population these are populations that have been have been growing. economic wealth has been growing so they're now significant spenders on retail themselves we've seen tremendous growth in the property markets particularly in china we've seen china's car market now become the world's largest car market and i think major companies are looking to for growth in asia pacific and they're diverting. their attention to

these markets i think if you look at just the announcements that were made yesterday like by h.s.b.c. they're cutting back in europe but they're adding they're adding about five thousand people in asia pacific ok earlier you made the distinction between a fiscal crisis and a debt crisis right now but it is that really looking very similar to the lead up to the year two thousand a financial crash do you think the u.s. is likely to face well a second round of recession end but what effect will it have on the global economy this time. i see there's a bit of a disconnect between what the politicians are saying and what we're actually hearing in the markets if you look at the last quarter something like seventy five percent of the companies that were reporting in the usa they'd beat analysts estimates i think if you track back over about the last six quarters you'll find that the the major u.s. companies reporting. between sixty six percent to seventy five percent beat

analysts estimates over six consecutive quarters so they must be doing something right i think what we've seen is that companies they've trimmed their labor forces they've become more efficient and they've expanded into overseas markets and it is a very thing now focusing on the euro those who are thought i don't see that it was a bad idea from the outset they're now saying i told you so what's what's more useful to asia at this point a single european currency or or going back to the old money i think there's no going back i think it was the right move to have a single european currency i think that's been good for the world to provide some balance there was too much over reliance on the the u.s. dollar but this is getting really interesting in the euro zone right now a lot of debt problems so why would you say that it's a good idea what is the argument there. well i think this is where that

previously you would have had probably countries that would fall out of bed but now the the european community is coming to their aid they put in place certain measures i think what the markets are saying and what we've heard of the government saying is now they've made promises we need to see countries like greece move ahead and implement the measures it's going to be painful we know but you know anybody that's run a household knows if you haven't got the money coming in you can't spend it you have to make cuts and i think it's just a test of credibility for italy as well and for spain if the government takes the steps and takes some of the medicine they'll pull through you know the banks in the countries in the european countries are strong the banks in america they've taken the medicine they've cut costs they've cut headcount and they're strong they've been through the stress tests so i think it's with what i call it's

a fiscal crisis you know governments are now got to put their house in order. thank you very much and so my very dry president of the international executive search better ways of talking to us live from thank you. of course r.t. has been a getting a global the absence of the ripple effects on the markets you have back our base the car is down more to have a saying it is an economy will easily with south america and europe's turmoil. concern that we have now is that we have to see growth rates in asia come down a bit further from where we had been expecting them and if you remember in the global financial crisis previously a lot of banks in asia got very cautious so they themselves decided to limit their lending and that's likely what we will face again and compared to the global financial crisis you may remember actually asian economies and banks didn't get that hard hit so again the situation today is is not that

worrisome compared to the last two crises in asia for china remember in the past they were able to continue to grow their infrastructure program and banks were providing credit for that so china probably is still one of those countries where you'll still see acceptable growth remember they've been trying to manage down their growth to about eight percent and maybe we'll get there now but what you should see is china doing less in the way of tightening measures if the global economy is much weaker all our business also keeping an eye on developments from our business uses here what is the latest from your end of elements well here in russia markets are in the red as well joining the global rout the r.t.s. in my eyes it's shedding over two or three percent and going a little awkward at the moment but they are here calls for the fourth day and the longest losing streak since june twentieth we see a sea of red across the board on both the boards with energy and financial stocks among the worst performers and we'll be talking to analysts in the program about

whether this what we're seeing now is a recession or this is just an overreaction on the markets ok thank you very much for that kareena. president medvedev is warning syria's leader that he must enter a dialogue with protesters in order to end the ongoing violence discussion on the conflict came up during an interview with r.t. and other media on the eve of the third anniversary of the south was such a war well here's some of what you'll hear in twenty minutes time. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments. a violent orders to destroy the opposition the syrian president gave no such orders but unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president of syria and in the private letters i sent him i discussed the same ideas the reforms need to be carried out he should establish

peace with the opposition establish peace in the country and create a morgan state if he fails to do that then a sad future awaits but at the end of the day we'll have to make a decision we are watching the situation it is changing our guidelines are to. the syrian opposition dismissed a decree from president assad proposing a multi-party government system soon the violence has to end before a dialogue begins just repeat after the us security council condemned the regime's crackdown on this war protesters meanwhile syria's military has reportedly been attacking the opposition stronghold of hot activists say dozens have died there in the last twenty four hours and that's adding to over one hundred killed since the uncapped frasse says it may seem to further action from the security council if the killing continues but our boy. says that some threats are counterproductive. the fifty believe it is it is not the legislation itself it's how it's going to be

implemented and the restrictions it's included in there there are weapon a lot of restrictions which makes it probably very difficult to implement i think the pressure of international pressure on syria is producing some results what is lacking is the action on this serious side to have to make the changes that are required. principally start killing people remove some of the leadership. on the part decide on the government and on. the military and i think the fact that the u.s. and france and the british are flying to syria is very counterproductive russian position i think it's a moral one in the sense that if you want a friend to actually give an honest advice to your friend you don't just agree with them and you don't threaten them it is not acceptable what's happening they have to have a dialogue but they're resisting so falling into the same trial which we have fallen before with iraq when there will be security council said they will not invade iraq

but they did they said in libya oh you're going to have a no fly zone and it turned out to be into a war and invasion of libya well there is islamic leadership tension of a very different kind of ten with hardline muslims trying to enforce sharia law in london from abstention to amputation and that's been hearing how they want to instill their tough koran the capital. so we are here to tell you that a slum. is unstoppable in europe stoning for adultery cutting off hands for stealing death of renouncing islam this group of men is trying to enforce shari'a law in the u.k. they've started a campaign to make certain areas of london and other cities islamic law controlled zones starting with wealth of east london people on the good of being evil because it is obvious lucrative for the muslim of the muslim community also looking to

believe that muslims have if together trade according to the sharia is all the problems of the shari'a but even police themselves for logic start hopefully one day trying to something average which will have a policy look at the security locally and you avoid often oconee choudhry and his friends all fly posting parts of london with large muslim populations they want to burn drinking gambling and playing music and they say they've got bands of young men ready to patrol and in full shari'a law by any means you know that enforcement will not initially be in on the level of inviting and for didn't vary but it's one of the capabilities to be put in essentially evil by pornography prostitution should do so. by that week because of course i believe the pressures that are needed most should be run out of the area he's muslim say british society is broken a little with drugs crime and prostitution because of that they firmly believe members of the communities that targeting will welcome sharia law but the word on

the street about the campaign tells a different story comes down so if you don't like the laws of the place you live for and so my way to appreciate the little zone and all of these things are completely legal in this country this is not india pakistan on this is our own laws people have no rights can you bring our laws in here we often have trouble but councillor martin eastham. griese saying this could destroy community cohesion we force words around the house assumes that because we do not want these posters round up our. hands that they have no place in forests this is an equality campaign is real supporters shouldn't be considered a religious movement because of old right political organization with a poster campaign designed to divide and conquer communities the danger lies in dividing people dividing communities creating mistrust are particularly among from

non muslims towards moderate muslims i think this is part of their aim is to create mistrust so they can then trying to moderate muslims and say look everyone hates you we're french onto us and it's a very very dangerous thing and it's a political tactic to increase their own undeterred by opposition childfree and his group plan what they see is the beginning of an islamic emirate not just to be ok but all over europe police have mobilized to take these posters down as fast as they appear but choudhry and his group say bay formed bands of vigilante and forces to make sure syria is. all physically and in other parts of london women have already been harassed for not covering their heads if these muslims ever get their way i won't be able to dress like this on the street so close them stay or many other parts of london brussels rome and paris you see what's in store love.

and also more stories from across the globe for you teachers have joined the anti-government protest movement growing across israel office of education workers rally through the streets and through some of the reading a better working conditions for the news comes after the three week old is overwhelmed cities with nationwide with tens of thousands of protesters reportedly involved the movement initially targeted overpriced hell. thing that is why don't you can pass anger over a number of other social issues. thailand is to get its first ever female head of government you can look for the watch has a career going ahead to be called prime minister after her party secured an absolute majority in parliament she's the sister of former prime minister talks in shinawatra who was overthrown in a military coup in two thousand and six and he was charged with corruption and fled the country but some speculate he might line up for a comeback with his sister in charge. of tropical storm has forced thousands of

residents out of their homes in parts of the dominican republic and haiti heavy rains caused water levels to rise dramatically flooding hundreds of homes are reports claim as several major rivers could soon grow their backs and conditions have been affecting the region for weeks now with forecasters issuing a strong mudslide warning. the next you're off to one of russia's remotest corners and where integration with china knows no boundaries. well today we're in the far eastern war region it's a remote but rich region holding russia's largest gold reserves it's also quite an industrial powerhouse with heavy manufacturing flourishing at war is russia's eastern economic outpost to being perfectly situated to make the most of its proximity to china but is our us here at once along to see how its state borders

into bonds of friendship. a very warm welcome to this edition of russia place out this week coming to you from the album or the beach in situated in the great hall this reaches of all respect dozens of kilometers away from you in moscow but to me of like minutes by folks from china and unsurprisingly the influence of china and its culture is everywhere here. high heels and a hot house it's not a look many women can pull off but then when a risk there is she prefers to be called in russia as new ordinary woman having first arrived in one thousand and ten percent in the early ninety's she and her family went their way up from running a small cafe shining this large construction company. and spread across the region's capital blood of their shins get no fewer than four large chinese restaurants full most nights and serving up

a taste of the orient to russian diners aids and i'm disappointed failure and one that the mother of two says she couldn't have built in china you. just said i saw an opportunity to create something here russia needs skilled laborers and with china being so close and easy access to chinese goods equipment and a ready workforce. the risks are is just one of a growing band a successful chinese entrepreneurs operating and russia's far east where a river is all that separates the two countries easy proximity can't hold with favorable visa regulations continues to inspire thousands of chinese workers people like sucha to flock across the border every year his is a tried and tested business model selling cheap secondhand chinese claims. so whether it's a pair of a trendy train is that you raft or perhaps the most design of fungal says this is where the people of lack of years of heads to pick up our game are inside the

chinese market which then the center of town and of course everything inside here best relabel made in china and all the sellers also come from china and let me tell you it's absolutely packed inside here and how it's like this every single day so clearly business is booming. i've been here for three years and that china has the world's not jobs things are going well here you can get things really cheap here which is great if you've got a large family the quality varies hugely but on balance i think we're lucky to have chinese trainers here russian goods just can't compete on price and. i hoping on one of the many packed ferries that cross the moon river every day russian consumers can enjoy an even more authentic chinese shopping. therians albion is the site's traffic flavor thank you for parking and the process to fuel the chinese economy it's led sons of fear that russia's far east is being exploited by its

entrepreneurial neighbor dismissed the church or a possible pessimist revel in self-pity at the start of china forging ahead not to miss think of ways to develop like a version of the same pace using chinese expertise with the capital and labor people i believe our region is hugely fortunate to go to china if we compare our city to others in russia we're much better off in almost every respect i was told of extensive plans for more joint ventures and great integration between the two countries as far as government is concerned its relationship with west. and standing here on the a more coastline it's a mere five minutes by boat across to china so close you always feel that you can reach out and touch it and people living here say that they've been witness to the phenomenal pace the developments along the high pair of slide representative of the growth of the chinese economy as a whole and its influence here in russia alice said that our young border region.

the latest business updates with kareena. hello and welcome to the business here in our team global financial markets are witnessing the worst selloff since the middle of october two thousand and eight sentiment was boosted by news from europe that we can solve and that problem is engulfing to of its largest economies spain and italy and it was also supported by poor u.s. economic data that showed slowing growth and already sluggish pace in the past now i'm joined by senior trader at the x. capital thank you sir for joining the program so is it is sign of another recession or are we talking about overreaction on the latest data. i think there's a very real possibility that the u.s. certainly the u.s. and maybe even other countries around the globe could be heading back into

recession. and this certainly looks like a contraction across the board now what exactly is happening across the globe certainly with the u.s. we've got g.d.p. numbers that came in lower last week growth is very anemic in the u.s. we've got some employment numbers coming out later on today less than one hundred thousand jobs are expected to be added for the previous month this is not enough to bring unemployment down unemployment sits at nine point two percent of us just likely that that could continue to creep also within the eurozone as well this sovereign debt issue seems to be spreading to the other countries as well italy and spain are major factors their ten year yields the amount that they're paying on there that you see a six point three percent for the other countries within the eurozone when they reach seven percent that is when they sort of they're loud and again we've got to be easy because it has come to an insecurity to join in last month. it's almost a delayed delayed reaction that there's no more money being pumped into global

economies and therefore the market starts to come back down again so what we're seeing now in the markets you were. call it a panic basically. well it does feel like there is some panic selling going on or has been the last few days or so we're seeing exaggerated moves the downside and increased volatility as well which is typical of panic selling within asset levels get down to very cheap levels that they go to extremes and then you start to see value investors coming in and buying up stock very cheaply as well so there is some panic selling going on but there is some also. there is some cooler heads out there buying or undervalued assets so what assets will investors to use as a haven now. they're going for stocks that have decent amounts of cash on the balance sheet strong balance sheets. and we'll blue chip companies that have been around for decades and are likely to continue to be around for the foreseeable future and it's a no go for those sorts of companies that are going for gold gold is fantastic at

the moment it carries on often not even today not too far away from the seven hundred dollar level and the market supports gold at the moment ok so how can the role of russian markets change in this respect. well russia has had a fantastic run look at them i said it's not a great run over the last few weeks or so is slowly start to come off but it's coming off from the highs and would increase the amount of exposure to us that with a high amount of exposure to the oil and gas markets i feel there is no downside for russian it would cease to be had but when the recovery comes it will come at some point then the russian market does seem very well positioned to benefit quite significantly from its. ok my law is love to see a trader at eighty x. capital thanks very much for this for this outlook and that's all for now we're following the signs the situation on the global markets and what we knew the latest next.

last time the close of team was in the cool gum region where men flock from all over the world to have a few centimeters to their self-confidence. this time archie goes to the on the region. for the gold rush still gets people hyped joke. for an

ancient tribe fights to save its culture. where cranes are protected in the first and only unofficial nature reserve. to be amorim jim. walsh a close up of our team. is easy. to. see.