to retaliate and the recognition of the breakaway republics as subjects to international law but whether by decisions to make it i believe my actions were constitutional but not only am i unashamed of what i have done i believe my decisions will nor for thought out is a necessary thank you very much mr president that. will. bring you the latest in science and technology from. the future covered. in india oh she's available in the movie joyce people chose the villains the gateway photo the grand imperial trying to tell us to push her alone till you can

a let's go toe to toe she wished to see don't need to go and proclaim brenda since the colonel was her job as a retreat. the . last time the close of team was in the cool gum region where men flock from all over the world to out a few centimeters to their self-confidence. this time archie goes to the amore reaches. for the gold rush still gets people hiked up. her an ancient tried fights to save its culture the cranes are protected in the first dome on official nature reserve. to the original. bush a close up on the r.t.

. drop stock and barrel of the share slide continue says europe's markets open down following similar grim trading on wall street it's hurt by a gloomy less than comic outlook on things that hold yourself down as. president medvedev says he's. urging the syrian leader to talk to the opposition and start reforms or else expect the sad future that says protesters reject the offer of changes from president assad whose round of attacks on their stronghold.

if you don't like the rules of the place you live for and somewhere where you do appreciate the little. muslims in britain are trying to put london under the control of a sharia law but critics viewing the campaign as a political tool designed to support the image. and we take you to russia's far east or integration with neighboring china goes far beyond any borders that's a close up this hour. just after one pm here in the russian capital you're watching our team now to our top story global investors remain spooked at this hour as europe's stock exchanges open to another sales fleury echoing similar worrying dips in asia and america all stockholders fear the worst after the prospect was raised of a sharp slowdown in the u.s. economy as well as the euro zone stat weighing on their minds well in an hour or so

a trading in europe is about to start and we have done you a bushel in brussels who i spoke with earlier who's following developments there. the trouble is the news for the euro is going from bad to worse so they top banks have revealed their hits from the crisis of this morning all the years banks at a loss group billion dollars in court through bank of greek loans and the e.u. bailouts of greece requires investors to take a loss on what they hold and the royal lloyd's of build an even bigger loss yesterday on losses ok well just briefly why the panic that was specially says america finally decided on dealing with its debt. because greece law and the scary messages are not what we're really frightened italy's crisis talks with the european union biggest problem of the eurozone is number three economy or even worse than at the height of the global economic crisis in two thousand and eight in fact there was any time in the euro's history and investors are also pulling out of

splaying to record numbers and leave them to drive countries fall if we really are in trouble and it's the investors who make the decisions and one of the world's biggest lenders. has slashed his exposure three times in government that as well as other troubled countries like greece are in the courts which suggests they just sort of believe that those countries promise is that they can get their house in order or credible. my carry through is a hong kong basic second of headhunter and business consultant says american europe's financial quandary is forcing investors to look for a safer havens in developing markets such as china. 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 been growing. economic wealth has been growing so they're now significant spenders on retail themselves

we've seen tremendous growth in the property market 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 full growth in asia pacific and they're diverting their attention to these markets and 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 there are doing about five thousand people in asia pacific. to converse daniel toddler says the asian economy will easily would stab 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. well our business us also keeping a close eye on developments corrino what do you what is the latest you have for us well washing markets are still in the red although slightly higher than when they

started the two major indices down over two percent of the mo months after having plunged over three percent in early trading and russia had a fantastic run in the last weeks my xix is coming from its highs because there's a lot of exposure to the oil and gas market and analysts say that when that would cover it comes and it will come eventually the russian market will benefit significantly from that ok thank you very much for that update kareen now. and president medvedev is warning syria's leader that he must enter dialogue with protesters in order to end the ongoing violence discussion of the conflict came up during an interview with r.t. and other media on the eve of the third anniversary of the south the such a war we'll hear some of what you'll hear next hour. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments gadhafi gave violent orders to destroy the opposition the syrian president gave no such orders

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 i discussed the same ideas reforms need to be carried out should establish peace with the opposition establish peace in the country and create a modern state if he fails to do that then a sad future awaits and 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 ada crew from president assad proposing a multi-party government saying that the violence has to end before a dialogue begins assad suggestion came after a while security council condemns the regime's crackdowns on peaceful protesters meanwhile syria's military has reportedly been attacking the opposition stronghold of hamas activists say dozens have died there in the last twenty four hours and that's adding to over a hundred killed since the weekend of france says it may see further action in the

security council if the killing continues but our lawyer says that such threats are counterproductive. effectively it is it is not just nation itself it's how it's going to be implemented and the restrictions included in that there are quite 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 require . principally start killing people and remove some of the leadership. on the part decide on the government and on the military. and i think the threat that the u.s. and france and the and britain. applying to syria is very counterproductive russia's position i think it's a moral one in the sense that if you are a friend and you 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 you have to have a dialogue but they're resisting forming into the same trap which we have fallen before with iraq when there will be a security council said they will not invade iraq but they did they said in libya only we are going to have a no fly zone and it turned out to be into a war an invasion of libya well there is islamic leadership tension a very different kind in britain with hardline muslims trying to enforce shari'a law in london from abstention to add potations parties there and that's been hearing how they want to instill their tough called on the capital. so we are here to tell you that islam. 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 will from stay east london will be along the good of the evil because of these numbers and try to to to the muslim of an all muslim community some of the inability of the muslims kind of together trade according to the sharia is all the problems. but even police themselves to a large extent hopefully one day to have a summit coverage which will have authority look at the security locally and you might often oconee choudhry and his friends are fly posting parts of london with large muslim populations they want to ban 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 forbidden but if someone has the capability to the beast what an essentially evil like pornography situation it should do so. by that you mean it of course i believe the pressures that are needed most should be run out of the

area these muslims say british society is broken riddled 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 to if you don't like the laws of the place you live find somewhere where you do appreciate the law and. things like a completely legal in this country this is not indira pakistan this is england we've got our own laws people have a right to coming here and bringing their laws in here we often have coached i think the trouble councillor martin. agrees saying this could destroy community cohesion we've. taken down the post this assumes that put up because we do not want these posters around. and they have no place to move and for us citizen equality campaigners say this should real support it shouldn't be considered a religious movement but a phone right political organization with

a poster campaign designed to divide and conquer communities there danger lies in dividing people dividing communities and creating mistrust particularly among from non muslims towards moderate muslims i think this is part of their aim is to create mistrust so they can then turn to moderate muslims and say look everyone hates you we're your friend turn to us and it's a very very dangerous thing and it's a political tactic to increase their own power undeterred by opposition childfree and his group plan will they see as the beginning of an islamic emirate not just in the u.k. but all over europe police have mobilized to take these posters down as fast as they appear but choudhry and his group say they formed bands of vigilante and forces to make sure. to 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 streets of them stay or many other parts of london brussels rome and paris. well some story loved it. all more and what some european leaders describe as the failure of multiculturalism that we found online and are to hear some of the other news on our website today from the would be suicide bomber campaign or we have a palestinian woman whose life changed when her terrorism failed and she tells her story arc. of fishing out a submarine untouched for days. it's the soviet sub that's been lurking at the bottom of the baltic.

now russia struck gold not quite yet the un's allowed access to one of the planet's biggest gold and copper reserves but it won't come easy they live in the deep sea deposits of the mid atlantic ridge let's cross live now to go with the details so you know what does this a newly available reserve mean for russia. this means that russia has fifteen years to explore the. seabed off the mid atlantic ridge in order to find out whether indeed this is spec to gold and copper or are in fact contained there and if the research proves to be successful if they do find a war in the mid atlantic ridge that means russia gets the priority in the development of that field of that field this of course comes after russia has applied for this event for the research of this particular area of the atlantic ocean at the end of last year it is the first time that any country has been granted permission to explore the bed. away from its territorial.

waters in the international zone of course the south south of the reasons for this were the fact that this has never been done before no country has ever applied for the development. of the seabed into in national waters until last year china has decided that they wanted to ask for permission to research for any potential valuable material in the seabed off the indian ocean so this of course brought forth a many opportunities for other countries who are interested in develop development of such resources particularly. russia we're talking talking now about the atlantic is it isn't the only region where russia is interested in deep sea mining is it. no absolutely not of course there's the arctic the arctic sea russia is very interested in possible development of a well and gas resource there in fact russia has for quite some time has been

trying to prove that the last of bridge in the arctic sea is in fact a continuation of russia's continental shelf and if they do prove that that in fact is the case of other countries agree with russia that that means russia will get to develop the possible incredibly rich oil and gas resources in that field of course russia has to compete with other countries who are vying for the for the peace of the arctic fly in those countries of course are canada the united states denmark norway and interestingly enough china also was looking at possible developments in the pacific ocean but russia has also applied for possible research in the in the seabed all of the pacific ocean as well so we have to find out whether or not those developments will bring forth any fruit ok thank you very much for that update r.t. if you are reporting there. and now let's have a look at some more stories from across the globe for you another of the battle of

libyan leader moammar gadhafi sons has reportedly been killed in a nato air strike it's thought of congress gadhafi was in one of colonel's the colonel's compounds with the raid began nato won't confirm or deny whether the twenty eight year old was among the thirty two who died in may one of gadhafi is other sons was killed along with three grandchildren when a nato bomb hit the house they were in. a teacher or some joined the anti-government protest movement currently sweeping across hundreds of education workers value through the streets demanding better working conditions but the news comes after the three week old demonstrations over. cities may should wide with tens of thousands of protesters reportedly involved the movement initially targeted over priced housing but it has widened to that the past anger over aid member of other living issues. thailand is to get its first ever female head of government and watch has

a clear run ahead to become prime minister after her party secured an absolute majority in parliament she was the sister of former prime minister talks in shinawatra who was overthrown in a military coup in two thousand and six when he was charged with corruption and he fled the country with some speculate he might wind up for a comeback with his sister in charge. and next we're off to one of russia's remotest quarters and where integration with china knows no boundaries. and today where the far eastern a more region it's a revote but rich region holding russia's largest gold reserves it's also quite an industrial powerhouse with a heavy manufacturing flourishing and a more is also russia's eastern economic outpost being perfectly situated to make the most of its proximity to china argues alice hibbert went along to see how state

borders turned into bonds of friendship. a very warm welcome to this edition of russia place out this week coming to you from the album order to situate it in the very thought of this reaches of russ's for weeks with thousands of kilometers away from you in moscow but to me of like that it's by popes from china and surprisingly the influence of china and its culture is everywhere here. high heels and a hard hat it's not a look many women can pull off but then lilly while on arrests or if she prefers to be called in russia is no ordinary woman having first arrived in a more as an interpreter in the early ninety's she and her family worked their way up from running a small cafe churning this large construction company. and spread across the region's capital blagoveshchensk no fewer than four large chinese restaurants full most nights and serving up the taste of the orient to russian diners it's an impressive portfolio and one that the mother of two says she

couldn't have built in china if you. use that 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. norris are is just one of a growing band a successful chinese entrepreneurs operating in russia's far east where a river is all that separates the two countries easy proximity coupled with favorable visa regulations continues to inspire thousands of chinese workers people like sunshine to flock across the border every year his is a tried and tested business model selling cheap secondhand chinese clays. so whether it's a pair of a trendy train is that iraq or perhaps the design of fungal says this is where the people of like a better head to pick up a bargain were instantly the chinese market which is in the center of town and of

course. everything inside here bears the label made in china and all the sellers also come from china that let me tell you it's absolutely in fights here and the period like this every single day so clearly business is booming. i've been here for three years i left china as there weren't enough 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 traders here russian goods just can't compete on pricing. by hopping on one of the many packed ferries that cross the more river every day rushing consumers can enjoy an even more authentic chinese shopping experience i'll be is with a slight slavic flavor very keen for a bargain and in the process help to fuel the chinese economy it's led some to fear that russia's far east is being exploited by its entrepreneurial neighbor. ferguson

pessimists revel in self pity at the sight of china forging ahead while optimists think of ways to develop blagoveshchensk of the same pace using chinese expertise capital and labor i believe our region is hugely fortunate to border 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 in grace integration between the two countries as far as government is concerned it's relationship western planning for 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 of development along the high hair. representative of the growth of the chinese economy as a whole and its influence here in russia alison bit more to region.

later martin shows us how to live like royalty in st petersburg that's coming up in a few minutes but first the reality of the shutters across the money markets with kareena. and i welcome to our business update this hour and we go straight to our top story global financial markets are witnessing the worst sell off since the middle of october two thousand and eight sentiment was boosted by news from europe sovereign debt problem as engulfing two of its largest economies that spain and italy and was also supported by a poor u.s. economic data that showed slowing growth after an already sluggish pace in the first half now i'm joined by nick parsons head of research at national australia bank thank you for joining the program. can you tell us some say it's a kick start up another recession what's your view of the situation. world certainly the risks are very much to the downside and we start from an already

fragile base in the first six months of this year the united states only grew not point four percent in the first nine months of the last nine months the u.k. is only grow not point two but there are many countries across peripheral europe that are already in recession so these market movements come it's an especially difficult time and i think the risk is that we see a lot of retrenching and a contraction of activity through the summer months and into the autumn and certainly the old quarter of negative growth in some of the major economies can no longer be ruled out it's a very very fragile background now where we are also waiting for the us jobs report to today what impact will that have on the markets you think. will ordinarily a decent jobs number out of the us and by decent we're talking of creating about one hundred thousand jobs during the month a decent job number would give a lift to sentiment i think that investor sentiment has been so heavily eight

by the ten percent slide that we've seen across all major markets this week that it would only bring very very. despite i think more likely is that markets will start to reflect that at this stage of the cycle traditionally the u.s. is creating something like two hundred fifty thousand jobs a month on the earth one hundred thousand is better than known it's certainly not enough to give a lift to to the consumer a lift to spending and a lift therefore for the entire u.s. economy so i think the risk is one of very great disappointment to surf to new also with investors selling about where they're putting the money is that gold or their cash from the search certainly not going into gold that's not been the experience of the last twenty four hours the what we've seen is a lot of a lot of very very large losses have been racked up many markets were down five percent overnight now when you've got losses of the scale you've got to you've got

to finance them i think what we're seeing here is investors are still selling the good bits of their portfolio in order to finance the losses in the bad when they're faced with margin calls and so on so i think that the the whole investment universe is shrinking here and the the safest place to go is cash you'll do nothing it'll make you nothing but actually the guy who lost nothing yesterday came out top of the pile nothing is not a bad thing to have right now we are looking at russell were saying russell following garble trends but at this point in ink is this where russia can win out or lose out. difficult to see it as a standout. there have been lots of lots of concerns around the pace of foreign direct investment into russia and certainly the capital markets have not benefited join the upswing it's very difficult to see how it's going to outperform in a downturn it might not be bottom of the pile but it's certainly not an investment

vehicle of choice for many of the international investors that we speak to i'm afraid it's kind of side. in here ok sir thank you very much nic boson's head of research at national australia bank thanks for talking to us. that's all in this edition of business started but i'll be back with more in about forty five minutes from now with some more ficus joining.