national law but with the right decisions to make it i believe my actions were constitutional not only am i unashamed of what i have done i believe my decisions will norful thought out is a necessary things i said thank you very much mr president. wealthy british style. markets why not. find out what's really happening to the global economy in these kinds of reports. in india. the move to join. the gateway hotel the grand imperial truly. socialist.

don't need to go and. read the sun the colonel was hoto retreat. fallout deja vu mog its struggle to recover lost following a worldwide. weakening u.s. economy and the e.u. debt. in my private conversation with the president of syria discussed the same ideas reforms need to be carried out if he fails to do that then a senate future awaits a president and syria's president as the siege of an opposition held city continues more protests are expected off the friday. a slum. is on. a group of hardline muslims trying to enforce sharia law in london opening a new front of multicultural detention in europe.

just off the five pm on friday here in moscow you with. sushi. world markets are back with their losses but remain unstable after the shoppers fall since two thousand and eight that decline raised fears of another wave of the global recession and with the slowing u.s. economy and e.u. debt crisis down a bushel is following the markets from brussels. the euro virus is spreading to new countries france and belgium all next day yields have hit record highs again as germany's the u.k.'s financial services authority has asked british banks to reveal how much debt they hold in belgium on fears that that country could be next italy and spain have entered crisis talks with the e.u. as their yields hit critical new highs so now you have investors pulling out of

france italy and spain the second third and fourth largest eurozone economies and that is why the investors in the markets are panicking the moment the leaders of france spain and germany are holding an emergency teleconference to try and stop the open rails and to coming out the top you have italian prime minister silvio berlusconi and his finance minister openly disagreeing on this solution solutions to the crisis and the e.u. president jose manuel barroso slammed on discipline communication by e.u. leaders for making the crisis worse and germany is furious at such an open attack this time when it's already critical as in europe we've seen that america really suffering and raising the debt ceiling doesn't tackle the key problem which is making the problem worse given the more debt and their economy is weak because they know the euro the u.s. have really started to tackle the key issue yesterday was the wall street was years

there was steep slumps in the share price and there are now fears that america will go back into recession which would strongly hit not just america but the whole world economy and u.s. and europe politicians keep trying to reassure the public that everything is ok but it's investors who are really making decisions they're the ones that are pulling their money out of these markets and they're saying that they don't they don't like the situation at the moment at all he's done a bushel i mean time hong kong based executive head business consultant says that america europe's financial uncertainty is making investors. 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 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 there are 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 the major companies are looking for growth in asia pacific and they're diverting their attention to these markets and of course our business their schools are keeping us up to date on the relevance of demetrius here in our having his eye on the market and in particular the latest u.s. unemployment report what else do you know well actually was expected the u.s. would add seventy five to eighty five new jobs the report came in half an hour ago saying one hundred seventeen thousand workers were added to payrolls so that came in much better than expected therefore we are seeing markets rebounding already

this effectively means that the slowdown in economic recovery is not as harsh as everybody expected say yesterday when the biggest nosedive since two thousand and eight occurred so markets right now rebounding russian markets are almost completely almost completed pair the losses that they've seen today and futures for the u.s. markets indicate that we are most likely to see a positive kickoff of trade in twenty minutes time we'll have all all and that all the latest figures and analysis in our business world in around fifteen minutes time. amid all the doing gloom here regarding economics or an r.t.s. certainly some positive news knew there was going to be more details about twenty times thank you. president medvedev is urging syria's leader bashar assad to kickstart reforms and the violence in his country before it's too late to me treatment was giving an extensive interview to artsy as well as a radio and georgian t.v. channel pic here's a preview bear in mind though the full version of the interview is coming up next

hour here on arts. the situation in syria has taken a dramatic turn a real politician should follow developments like gadhafi gave 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 reforms need to be carried out but you should establish peace with the opposition establish peace in the country and create a smoking 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. meanwhile anti-government protests continue across syria despite an ongoing crackdown by the military reports suggest five days of an assault on the city of

hama has left about two hundred people dead the opposition dismissed or to create from president assad proposing a multi party government system saying the violence has to end before the dialogue begins the u.s. says it's working with its allies to apply more pressure on syria beyond sanctions but arab lawyer. says such threats counterproductive. the pressure of international pressure on syria is producing some results what is lacking is the action. to have to make the changes that require. principly start killing people remove some of the leadership even. on the part decide on the government and on the military and i think the threats that the u.s. and france and leave and britain. applying to syria is very counterproductive it is not acceptable what's happening you have to have a dialogue but they are resisting falling into the same trial which we have fallen

before with iraq when they. said they would not invade iraq but they did they said in libya only we are going to have no fly zone as it turned out to me into a war an invasion of libya. and there's islamic leadership tension of a very different kind in britain with hardline most of them is trying to enforce shari'a law in london from abstention to amputation artie's a law and it's been hearing how they want to instill their 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 a 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 for them stay east london muslims will become on the good of being evil because of usama as an alternative to the muslim of an all muslim

community also looking to believe that muslims kind of together trade according to the sharia was all the problems. but even police themselves to a logic start hopefully one day to have a summit governments who should have apology look at the security locally i do you provide welfare locally 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 be what in essentially something like pornography prostitution should do so. but 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 laws and. things are completely legal in this country this is not indira pakistan this is england we've got our own laws people have no rights coming here and bringing their laws in here we often have trouble but councillor martin east. griese this could destroy community cohesion we've. taken down the posts this assumes that put up because we do not want these posters around. they have no place to move in for us this is an equality campaign as say this your real support is shouldn't be considered a religious movement but a full right to political organization with a place to campaign designed to divide and conquer communities there danger lies in dividing people dividing communities 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 to his group plan will they see as the beginning of an islamic emirate not just of the. 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 enforces to make sure. 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. or many other parts of london brussels rome and

paris. well from stone. of course you can discover more on europe's struggle with multiculturalism. also line up. america spending twenty three billion dollars on the most expensive drone planes in the history of the country on the brink of economic collapse. and russia. preparing a military operation involving syria just. four months after going into libya full interview. with r.t. live from moscow thank you for joining us today the un's it given russia access to its thoughts of b. the planet's biggest gold and copper fields for exploration but it won't come easy

they lie in the deep sea deposits of the mid atlantic ridge. has details of this potentially huge deal. russia has fifteen years to explore the the seabed off the mid atlantic ridge in order to find out whether indeed this is spec to gold and copper ore 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 that means i should get the priority in the development of that field but this has never been done before no country has ever applied for the development off the seabed into in international waters until last year china has decided that they wanted to ask for permission to research for any potential valuable materials in the in these 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 for russia there's the the arctic the arctic sea

russia is very interested in possible developments of a well and gas resource there in fact russia has for quite some time has been trying to prove that the alone also a 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 also vying for the for the peace of the arctic by in those countries of course are canada the united states denmark norway and interestingly enough china. with breaking news this hour ukrainian court has ordered the arrest of the high profile opposition politician former prime minister yulia timoshenko she's been on trial since june for allegedly exceeding the whole thora to well signing gas deals with

russia in two thousand and nine that was during her time in office as the country's prime minister to resign because it was one of the leaders of the. revolution later plunged the country into political chaos when the alliance broke up again this is breaking news here on. well let's watch out some other international headlines for you here on our libya's government has described reports that the youngest son of moammar gadhafi was killed in a nato air strike as a dirty trick that rebels claim that twenty eight year old comics gadhafi was among the thirty two who died in the raid which the alliance says targeted an ammunition depot and military police facility in a town just southeast of tripoli in may one of the sons was killed along with three grandchildren when a nato bomb hit a house they were in. thailand has its first ever female head of government. has been elected prime minister after party secured a parliamentary majority she is the sister of the former prime minister of what he

was overthrown in a military coup five years ago he was charged with corruption and fled the country there's speculation that he might try a big comeback now that his sister is in china. one of the world's most i think volcanoes a killer whale in the hawaii has released a new flow of lava this river remains within the boundaries of a national park and is believed to pose no danger to nearby towns despite that some roads in the area are reported to have been closed. constantly erupting since january one thousand nine hundred eighty three. to one of russia's remotest corners where integration with china knows no boundaries. today we're in the far eastern region it's a remote but a rich area holding

a russia's largest gold reserves and is russia's most eastern economic outpost a more it is making the most of its proximity to china as alice hippa found out. 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 the us is four weeks with thousands of kilometers away from you it must go to me of like minutes by boat 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 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 she owning 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 pool failure and one that the mother of two says she couldn't have built in china if you. use the word of 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 and equipment and already work for someone new research is just one of a growing band of 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 sasha to flock across the border every year his is a tried and tested business model selling cheap chinese clays. so whether it's a pair of a trendy train is that your art or perhaps the design of fungal says this is where

the people have like a better head to pick up a bargain were instantly the chinese market which then the center of town and of course everything is. bez the label made in china and all the sellers also come from china and let me tell you it's absolutely packed in fights here and the party is 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 their more river every day russian consumers can enjoy an even more authentic chinese shopping experience out the is the slight slavic flavor back here 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 the same used to suppress a mist revel in self-pity at the sight of china forging ahead while optimists think of ways to develop like a version of the same pace using chinese expertise capital and labor but 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 grace integration between the two countries as far as government is concerned its relationship with west. 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 the development of the high pair. representative of the growth of the chinese economy as

a whole and its influence here in russia alison bit more to region. to our breaking news this hour here at our two. a ukrainian court has ordered the arrest of the high profile opposition politician former prime minister yulia tymoshenko she's been on trial since june for allegedly exceeding her oath already while signing gas deals with russia in two thousand and nine that was during her time in office as the country's prime minister she has been arrested for what's being called a misbehavior in court accused of obstructing the questioning of witnesses prosecutors say her alleged crimes cost the country over one hundred fifty million dollars to which i was one of the leaders of the orange revolution and later plunged the country into political chaos when the alliance broke. our time out for the business news with dmitri.

welcome to the business update on our two u.s. stock futures are rallying following a positive jobs report in the world's biggest economy payrolls in the u.s. rose by one hundred seventeen thousand workers after a meager forty six thousand increase in june now a strong expected report may spark a rebound on the market from its worst drop since october two thousand make pizza weston chief strategist at on capitol standing by peter thank you so much for being with us so what do you make of this report. well it's a piece of good news in what has been a really bad week and i think that what you're seeing is it's proving that the u.s. economy is still growing but more than that. still people are worried about a recession i think what you're seeing the market rebound is really investors clinging on to a little piece of good news in this kind of environment so i don't think that we should read anything. too soon to say. people were watching the coming data very closely and the issues that were negative issues that were there yesterday are

still there today it's just a little bit of sort of a little bit of a golden lining if you want ok so you think there's a just a little breathing pause then for investors to to to stop by and have a bit of rest before falling even further then. yeah i mean this is what we call a relief rally which easily can turn south again if you see something coming out of spain and italy or anything else coming out of us very easily returning downwards again ok what do you make of the performance of the russian markets in the past couple of days i mean we've seen the dow drop more than four percent nasdaq five percent russian markets dropped two percent now they're coming back from losses today. yes i mean emerging markets actually have outperformed the developed market overall or the exception i guess has been brazil russia has had the benefit of having the oil price having held up pretty well it plunged five percent yesterday. but otherwise the fundamentals within the russian economy and fairly cheap fairly

cheap market although we can argue that oil oil companies are cheap for a reason that has probably been helping the russian economy sort of the russian market quite a bit but nevertheless we have seen the russian stocks taking quite a beating yesterday continue today in the beginning and you know when we see a relief rally we can probably expect the developed markets to bounce back harder than the emerging markets given that they fell more in the last couple of days all right so what sex is of the russian companies in the russian market so do you think are most interesting for investors that time of great bull mathilde's here right now. well it's well it's obviously been your view on the market but if you you know my view is probably that we will see more bad news coming out and therefore we could see the markets go south further and historically if you look at the last forced big declines the sectors that were really you know the wonderful the least were what you can call defensive sectors those were mainly telecom and consumers and to a lesser center till it is so those are probably the sectors that i would try and

maintain exposure to if i have to be in russia in this environment and also gold companies within the metal segment which is obviously being quite hard hit because there's quite a cyclical gold say you know fairly safe haven but on the other hand why not buy gold directly all right so you think gold is still a good buy then do you think you my breach seventeen hundred pounds next week. i don't know but i mean i think that the downside risk is less in gold than in equities all right so next week are we expecting to see the same kind of levels of volatility and what kind of stats should we be on the lookout for. well we have the week to start the labor start as always to us but i think it all depends on what comes out of europe and the us and mainly i think the real concern right now is really europe. italy and spain are you know u.s. office is too big to fail but within europe you can manage to

a bailout if you want portugal greece. but if you're looking at the size of the economies of spain and italy. then you have a really big problem on your hands at that that's what people are probably going to be looking most clothes for the next week ok just one final quick question today when everything looked absolutely red on the markets after the great fall in new york in asia the only two in the series which were gaining with the madrid and the milan exchange in the series. so i did not get that sorry. repeat that the only two exchanges for out the day today with that we're gaining were the tally and my b. index and the backs of the madrid stock exchange why is that yes you've seen the interest rates coming down on the bonds and that has helped the market quite a bit but i think what people will be looking for when it comes to europe is what the what the e.c.b. and the year european commission will do regarding waiting for the funds into the relief fund because right now it is my view would be that it's not enough to

sustain you know if you would have a serious situation in spain and italy. you know it's anybody's guess but it looks kind of boring to me ok peter weston chief strategist at capital thank you so much for being with us and for your comments. right let's move quickly to the markets gold is still edging up what we've been talking about with peter eleven and a half dollars per troy ounce the silver being just a notch twenty cents that's after of course concerns over us in euro zone economies have been pushing investors over the past couple of weeks as we've seen a tremendous rally for gold this is of course a safe haven asset and it still remains so. while now world prices making a slight comeback. fifty cents brant one dollar fifty cents this light suites now stand. eighty seven dollars a barrel when it was eighty four the previous session. move over to europe the

markets recovering slightly as we're looking at a positive opening of the u.s. markets all sectors still trading in the red though indeed we did see the footsie and the dax decline more than three percent earlier in the day which is now point seven dax half a percent royal bank of scotland has recovered after plunging twenty one percent early in the day after reporting seven second quarter loss. here in russia one more hour to go of trading in moscow my six is down by just one percent r.t.s. still losing quite a lot two percent there if we look at the main movers on the my sex energy majors are still losing the most gas form down almost three percent more than two percent it's seen its lowest level since december of that world plunging in new york the previous session that's all speculation if you will demand will fall to financial stocks also.