in india she's afraid of the move to the joint field to the home of the that's the gateway to the grand imperial truly the torch was the. new can a let's go to socialism good to see don't need to go and. read this in the kernel was her turn to retreat. drop stock i'm carol europe's shares slide in early trading a zero on wall street retreat amid a gloomy u.s. outlook and deepening eurozone debt. president medvedev syria's leader to start talks on the reforms with the opposition expect a sad future but says protesters reject the offer of change from president assad whose attacks on their stronghold also this hour if you don't like the littles of the place you live points the way you do appreciate the little hardline muslims in britain make efforts to sin by trying to put london under strict sharia law.

and enter the dragon russia region that is me arms are open to the neighborhood china in close up we hear how they're going far beyond the borders to stay with us from. a very warm welcome to desire to learn from moscow with me. but it's been a rocky few hours on the global stock markets with europe's exchanges dipping again echoing similar drops and asia and america stock holders fear the worst after the prospect was raised of a sharp slowdown in the u.s. economy as well as the euro zone's a debt weighing on their minds and there's no friday feeling for spain or italy both have seen that cost should. again i will be speaking to r.t.

to daniel bushell in the near future to get the latest on this developing situation market giri hong kong based a business consultant who says that america and europe's financial quandary is forcing investors to look for safe 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 is about six point five percent. that's about forty five percent of the world's population these 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 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 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 meantime asian markets have joined friday's free fall but bangkok based economist daniel says that the region's economy will easily withstand america and europe style while. 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 per cent 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 and the ability here now to my according to spoke to very undone you'll bushelful more insight on this. and the trouble is the new school you're always going so worse so there you top banks are revealed he hears from the crisis this morning all the years by accident last group billion dollars in court through proud greek loads the e.u. bailout of greece requires investors to take a loss on what they hold and one of the lawyers are built an even bigger loss

yesterday on borish losses ok well just briefly why the panic that was specially since america finally decided on dealing with its stats really is because greece reuland the scary risk is enormous but what we're really frightened italy's crisis talks with the european union because the eurozone is number three economy or even worse look at the global economic crisis in two thousand and eight in fact there was any time in the euro's history and investors are also clearance of splaying it record numbers and use them to join countries fall that we really are in trouble and it's the investors who make the decisions and one of the world please let me just break your bank a slush has exposure to time your government bit as well lose out of trouble countries like greece are in the fourth school which suggests they just so believe that those countries promises that they can get their house in order or credible. and i thought all those cars on here are too ya business task is keeping

a close eye on them. so what can you bring us up to date on on your on your side i just ask well washing out is a still in the red although slightly higher than when they just started the two major indices are down between two and three percent economics but we have to bear in mind that russia had a fantastic run in the last weeks and my success coming from its highs because there's a lot of exposure to the oil and gas market analysts say that the recovery content it will come eventually the russian market will benefit significantly from that actually very. right now president 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 start of war his are just some of what you'll hear next hour here on our city. nor cities unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments like 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 him i discussed the same ideas reforms need to be carried out and 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 him 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 right so you can see that if you like of us are hearing r.t. i mean the syrian opposition dismissed a decree from president assad proposing a multi-party government system saying violence has to end before dialogue begins assad's gesture came after the u.n. security council condemned the regime's crackdowns on peaceful protesters meanwhile syria's military has reportedly been attacking of the opposition stronghold of hama

to say dozens have died there in the last twenty four hours adding to over one hundred killed since the weekend prompted says it may seek further action from the security council if the killing continues but arab lawyer. says such threats are covered productive. but definitely 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 quite a lot of restrictions which makes it probably very difficult to implement and i think the pressure of international pressure on syria is producing some results what is the lacking is the action of the syrian side they have to make the changes that require. possibly start killing people remove some of the leadership not. on the part decide on the government and the military and i think the frets have u.s. and france and b. and british. are flying to syria is very counterproductive russia's position i

think it's a model in the sense that if you are a friend you actually give 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 the falling into the same trap which we have fallen before with iraq when they're going to cancel said they would not invade iraq but they did they said in libya only we're going to have no fly zone as it turned out to be into a war and invasion of libya. right now ten minutes past the hour here in moscow you with r.t. islamic leadership tension of a very different kind in britain with hardline muslims trying to enforce sharia law in london from abstention to amputate. in hearing how they want to instill that tough code 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 started a campaign to make certain areas of london and other cities islamic law controlled zones starting with walthamstow east london seem to be a lot of good of being able to send you some as an alternative to the muslim enormously community also looking we believe the muslims going to together trade according to the sharia is all the problems. i do have police themselves to a large extent hopefully one day to go to some governments which will have authority local security locally i do you provide well for locally childfree 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 now that enforcement will not initially be in on the level of inviting and feeling vaguely listening as

a bit student is what an essentially saiful by pornography situation should do so. by that we would think of course i believe that i need a mosque should be run out of the area these muslims say british society is broken a little with drugs crime and prostitution because of that they firmly believe members of the communities they're targeting will welcome sharia law but the word on the street about the campaign tells a different story comes down to the laws of the place you live for and so my way to appreciate the laws and all of these things are completely legal in this country so this is not indira pakistan this is including our own laws people have no rights community laws in here well i think we have trouble but councillor martin eastham. griese saying this could destroy community cohesion we've. taken down houses

assumes that because we do not want these posters around. and they have no place to move from forest this is an equality campaigners say this should real support this shouldn't be considered a religious movement but so far right political organization with a push to 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 turn to moderate muslims and say look everyone hates you where you're from trying 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 what they see is the beginning of an islamic emirate not just. 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 syria is here to virtually 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. r.t. well from stone long. more on what some european leaders describe as the failure of multiculturalism can you find online at our website or to dot com some of the other news on our website waiting for you today from what would be a suicide bomber to peace comes pain i meet a palestinian woman whose life changed when her terrorism she tells our story on r.t. talk. about fishing on a submarine until. touched decades soviet sub it's been lurking at the bottom of the pool.

with r.t. live from moscow now russia has struck gold well not quite yet but the un's allowed access to possibly one of the planet's biggest gold and copper reserves but it won't come easy they lie in the deep sea deposits of the mid atlantic ridge parties are ridiculous because the details of this deal. russia has fifteen years to explore the. mid atlantic ridge in order to find out whether indeed this is gold and copper or are stacks contained there and if the research proves to be successful if they do find a war in the mid atlantic ridge that that means i should get the priority in the development of that field this is never been done before no country's ever fly for

the development of the office he got into in international waters until last year china has decided that they wanted to ask permission to do research for any potential. valuable materials in the in these seabed off the indian ocean so this of course brought forth many opportunities for other countries more interested in development of such resources particularly for russia there's the the arctic the arctic sea russia is very interested in possible development of our oil and gas resources there in fact russia for quite some time has been trying to prove that the law and also a bridge in the arctic sea is in fact the continuation of russia's continental shelf and if they do prove that that in fact is the case that other countries agree with russia that that means russia will get to develop the ospel incredibly rich oil and gas resources in that field of course russia has to compete with other countries who are also going 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 for a future in the courting right now a quarter past the hour here and some other stories from across the globe for you another over embattled libyan leader moammar gadhafi sons has reportedly been killed in a nato airstrike it's thought are coming for you because you know one of the colonel's compounds when the radar gun won't confirm or deny whether the twenty eight year old was among but thirty two who died in may one of could have his other sons was killed along with three grandchildren when a nato bomb hit a house they were. teachers have joined the anti-government protest movement currently sweeping across israel hundreds of education workers rallied through the streets of jerusalem demanding better working conditions the news comes after the three week old demonstrations overwhelmed cities nationwide with tens of thousands of protesters reportedly involved the movement initially targeted over priced

housing but has widened to encompass anger over a number of other living issues. thailand has its first ever female head of government in look you know what has been elected as prime minister after her party secured a parliament majority she is the sister of former prime minister thaksin shinawatra he was overthrown in a military coup in two thousand and six he was charged with corruption and fled the country but some speculate he might line up for a comeback with his sister in charge. well the next we're off to one of russia's remotest corners and where integration with china knows no boundaries. and today we're in the far east in a more region remote rich area holding russia's largest gold reserves it's also

quite an industrial powerhouse with 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 these are little bit with longer 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 amour region situated in the very full this reaches the buses for respect thousands of kilometers away from you it must go but to me of like minutes by folks from china and all 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 lily white on a restoration prefers to be called in russia is no ordinary woman having first arrived in a more house an interpreter in the early ninety's she and her family worked their way up from running a small cafe shining this large construction company. and

spread across the regions 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 pool failure and one that the mother of two says she couldn't built in china. is yet i saw an opportunity to create something here russia needs skilled laborers and with china being so close and easy our existing chinese goods and equipment and already work for some work i new receiver is just one of a growing down to successful chinese entrepreneurs operating on russia's far east where a river is all that separates the two countries easy proximity coupled with favorable these 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 cranes.

so whether it's a pair of a trendy train is that the rot or perhaps the most design of fungal says this is where the people of like a vision of heads to pick up are they were inside the chinese market which then the sense of town and of course everything inside here bad the label made in china and all the style is also come from china and let me tell you it's absolutely perfect inside here and how do you fight this every single day so clearly business is behaving. i've been here for three years and that china has the grounds not jobs things are going well here you can get things really cheap here which is great if you are a large family the quality varies hugely but on balance i think we're lucky to have chinese traders here russian goods to can't compete on price and. i hoping on one of the many packed ferries that cross the more river every day russian consumers can enjoy an even more authentic chinese shop innings. syrian's albion is the site

slavic flavor thank you for parking and in the process helped to fuel the chinese economy it's led some to fear that russia's far east is in its strong spines entrepreneurial neighbor dismissed the true story to suppress a missed revel in self-pity at the start of china forging ahead in this think of ways to develop motivations because the same place using chinese expertise capital and labor 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 in greece integration between the two countries as far as government is concerned it's a relationship where strength. is standing here on the a more truth line 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 paying slight representative of the growth of the chinese economy as a whole and its influence here in russia aliza bit our team young border region. right now top of the business news with korea. welcome to our business out there thanks for joining us our global financial markets are witnessing the worst so off since the middle of october two thousand and eight the gloom was caused by news from europe the region sovereign debt problem isn't golfing two of its largest economies spain and italy and poor u.s. economic data that showed slowing growth after already sluggish pace in the first half didn't help as well nick parsons from national australia bank says it's a time when cash is king. this certainly not going into gold that's not been the experience of the last twenty four hours we 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 that scale you've got to you've got to finance them with the what we're seeing here is investors are still selling the good bits of their thought for you 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 a guy who lost nothing yesterday we came out top of the pile nothing is not about paying to have right now our global and affairs are to retreating large ludlow from its u.s. capital group says a russian markets are likely to be the first arab spring. russia has had a fantastic run look at the most it's not a great run over the last few weeks or so slowly starts coming off but it is coming from the holidays and with the increased amounts of exposure to us that with

a high amount of exposure the oil and gas molecules are still there the reason the downsides will fall russian it was used to be had but when the recovery comes it will come at some point in the russian market those seem very well positioned to benefit quite significantly from its. now let's have a look at the markets gold is edging up adding eighteen dollars per ounce while sober is that in fifty nine cents that's up to concerns over the u.s. and eurozone economies have some investors running for say payment that precious metals are providing right now so prices are making a comeback lots we dislike down trading at eighty four dollars per barrel while brant is gaining sixty cents as our. markets in asia nosedive tracting are tracking the losses on wall street japan's nikkei finished down three point seven percent of its lowest since a person post earthquake plunging large energy companies international firms were among the worst performers with oil from impacts losing over seven percent miners

have also been hard hit hong kong's hang signs finished four point two percent in the red while exporters among the major losers. stocks in europe are on the downside as well extending the global sell off all sectors are trading deep in the red with banks among the worst performers for bank of scotland's group is now losing eight percent having plunged as much as twenty one percent early in the day that's up to the banks want to second quarter looks. a similar picture in russia the r.t.s. is down three and a half percent out of my six is losing two and a half percent self-service out the russian markets are now down for the let's have a look at some individual movers on the rise x. energy majors among the worst performers on local prices gas from is shedding over three and a half percent financial stocks are also under pressure with bt bank down two and a half sam's telecommunications company ross telecom is one of the worst decliners over five percent in rec. and lockets are in turmoil and the u.s.

has managed to stave off a potentially crippling default but many countries are considering reducing their large dollar reserves on to other less risky currencies however again you guys bear bag argues they are much better. and. i have a lot off reserves in the years dollar but this basically means there's not much difference between swiss franc american dollars because this right is back in those rights and we are all kind of in the same nor'east and there is not that many alternatives. to in the long run we will see some. only growing and actually euro is a good substitute for the dollar in will see european debt rather than that of separate countries foreign banks have been leaving russia and raising sweden as we

bank ages b.c.m. garc least have suspended their operations in the country but your bank cards from the association of european business doubts they've completely lost interest in russia for example arc. the record market is interesting that's because they at some point in time entered into this market but you have to realize that it is also quite expensive office location workforce here the process is very expensive so you really have to reach a critical mass of everything is breaking even if you are starting to you have to have i mean amount of projects you have to have a clearly a minimum amount of clients and i do get it takes time and costs money i would analyze the situation is such that these gangs have decided on a global basis that it takes probably true long until they get there but it's not ok it's not a decision see against russia is an interesting. that's the update we have for you this hour but remember you can always log on to our web site r c dot

com slash business and find more stars that's how much. the be. for the. we've got live from. the biggest issues get a human voice face to face with the news makers on.

the bone. bringing you the latest in science and technology from the realms. dump the future coverage. today violence is once again flared up. these are the images the world has been seeing from the streets of canada after. corporations rule the day the big.