the home of venus the gateway hotel the grand imperial truly the taj was the bush crew until you can a with the closeness you're going to see don't need to go and. read this and the colonel was hoto as a retreat. deja vu markets struggle to recover lost its following a worldwide plunge after being spooked by the weakening u.s. economy and the e.u. debt. in my private conversation with the president of syria i discuss the same ideas reforms need to be carried out if he fails to do that then send future awaits president medvedev warns syria's president as the siege of an opposition held city continues and more protests are expected after friday prayers. former ukrainian prime minister yulia timoshenko is arrested for contempt of court during the. trial it's sparking unrest outside. islam

and assure you it is on. a group of hardline muslims are trying to enforce a tough shari'a law in london opening a new front of multicultural tension in your. a very warm welcome for you this is our life from moscow. clawing back their losses but i remain unstable after the sharpest full since two thousand and decline it raised fears of another wave of the global recession i mean the slowing u.s. economy and e.u. debt crisis daniel bushell is following the markets from brussels. spreading to new countries france and belgium on next day yields have hit record highs against germany's the u.k.'s for their services with already 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 they yield critical new highs so now you have investors pulling out of france italy and spain the second 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 relevance of coming out the top you have 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 a time time when it's already critical as in europe we've seen america really

suffering and raising the debt ceiling doesn't tackle the key problem which is making the problem worse even the more that and their economy is weak because they know the your the u.s. really started to tackle that key issue yesterday was the wall street was years there was steep slump 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 the 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. you don't know which are reporting what i mean time bangkok post economist daniel tarbush says that the asian economy will easily withstand america and europe's turmoil just like it has done before. and the 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 as you may remember actually age in the 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 that 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. and our business desk of course is keeping up to

date on the latest development. i on the market particularly after the release of the latest u.s. unemployment report how are the markets responding to that well the u.s. unemployment report came in much better than expected there were expectations of seventy five to eighty five new jobs to be added in july but the real report came out the real figures came out a one hundred seventeen thousand years added to play roles that was much better than expected provided some support at the opening of the dow jones saw an upswing of one point two percent at the opening and many other markets recovered but now it seems that rally was just a relief rally was short lived and it's all back in red territory so american markets are down a half a percent or one percent european markets down two percent russian markets out closed somewhere between two and three percent from the marty yes and you might say it's so it's really the same problems that remain they haven't gone away their problems in the in europe and of course the problem with the huge deficit in the

united states so that remains i have more on that in around fifteen minutes time so the markets around the world you're seesawing all day long more details from your saying thank you. president here there is urging syria's leader bashar al assad to kick start reforms and end the violence in his country before it's too late dimitri medvedev was giving an extensive interview to r.t. as well as to echo a radio and georgian t.v. channel peak here's a preview for the full version of the interview is coming up in about an hour's time. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments in africa a violent orders to destroy the opposition and 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 he should establish peace

with the opposition establish peace in the country and create a modern state if you fails to do that then a sad future awaits him 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. meanwhile anti-government protests continue across syria despite an ongoing crackdown by the military a report suggest that at least eight more protesters have been killed as the assault on the city of continues just as the opposition dismissed a creature from president assad proposing a multi-party government system saying the violence has to end before 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 are counterproductive. the pressure international pressure on syria is producing some results what is the backing is

the action on the syrian side to have to make the changes that require. principally stop killing people and remove some of the leadership either on the party side on the government and on the military and i think the threat that the u.s. and france and and britain. into syria is very counterproductive it is not acceptable what's happening they have to have a dialogue but they are resisting falling into the same trial which we have fallen before with iraq when there will be security council said they will not invade iraq and they did they said in libya only we are going to have a no fly zone as it turned out to be into a war an invasion of libya. that there is an islamic leadership tension of a very different kind in britain with hardline muslims trying to enforce special law in london from abstention to amputations and it's been hearing how they want to instill their tough code on the capital. so we are here to tell you that it's mom.

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 is of london and other cities islamic law controlled zones starting with walthamstow east london will be a lot of good if when you go because i knew some as an alternative to that was some of the muslim community also looking to believe the muslims that if together trade according to the sharia is all the problems go to the sharia i do the police themselves for logic start healthy one day to have a summit coverage will have apology look at the security locally i do you provide well for 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 now that in force we will not initially be in on the level of inviting and forgotten virtually all of the capabilities of a beast. evil like pornography prostitution should do so. by that we think of course i believe the pressures that are needed most should be run out of the area these muslims say british society is broken rippled 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 laws and and all of these things ok completely legal in this country this is not indira pakistan this is our own laws people have no rights can here bring their laws in here we often have caused i think the trouble but councillor martin isa. griese saying this could destroy community

cohesion we've. taken down the houses the since they put up because we do not want these posters round up i do not represent the future and that they had no place in movement for us citizen equality campaigners say the shari'a supporters shouldn't be considered a religious movement because of god right political organization with a place to campaign designed to divide and conquer communities the 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 trying to moderate muslims and say look everyone hates you we're your friend turn to us i'm going to spare a very dangerous thing and it's a political tactic to increase their own power undeterred by opposition challenge ray and his group plan what they see is the beginning of an islamic emirate not just of the but all over europe police have mobilized to take these cases down as

fast as they appear but choudhry and his group say they formed bands of vigilante influences to make sure syria is. really 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 most them stay or many other parts of london brussels rome and paris you are and it's r.t. gautham story. twelve minutes past the hour here on ars here it's good to have you with us today and still ahead for you did he rush or is given one of the biggest gold fields for exploration parties a really takes a look at what it could mean for the economy also. the course of team travels to be more of a region on china's doorstep discovers how russia and china. cultures into the wind

that's just a few minutes away right here on our. unrest has broken out in central kiev after a ukrainian judge ordered the arrest of former prime minister yulia timoshenko citing consumptive court she has been on trial ever since since june that is alleged misuse of power by signing gas deals with russia in two thousand and nine artie's alexina ships and has more from the ukrainian capital. it's a shame go the country so ukraine's former prime minister is placed on the arrest before that she was simply forbidden to leave the country now the trial will continue with her being in the detention center behind bars now indeed the atmosphere in and outside the court building here in central kiev has been completely electrifying over the past month or so the supporters of you to cycle several hundred of them have been gathering here voicing their protest against what they describe as a politicized case and indeed today the scenes were pretty much reminding of all

too familiar scenes from ukraine's parliament several years back fighting showing accusations all this has been of the picture of today from inside the courtroom from inside the court building indeed one of the former prime minister was taking out of the court building and was put into the armored vehicle which was to transport her to a detention center these supporters of units in a cycle some of them included included the deputies of the british parliament attacked the bus and tried to block its way but clearly the policeman make sure that the bus when normally on beautifying go as we understand is now delivered to the detention center but certainly is a great fall from grace for the woman who was once considered to be one of the most influential politicians in the world just eighteen months ago units which angle was ukraine's prime minister now she can find she can easily become the country's most high profile convict back in the times when she was at power in the trains

government was the prime minister had two spells in fact as prime minister ever since the two thousand and five orange revolution those were the times of political chaos constant. political fighting between her and the president and the gas deals with russia which is now being accused of striking illegally happened in those times certainly those were the turbulent times now with the new power here in ukraine the power it's. well it seems to be the power structure seems to be more or less stable but clearly this new power led by president going to college on the part of regents made it clear that your interest and goal is a criminal and they believe she is she is to blame for huge loss of money from the ukrainian budget that is hundreds of billions of dollars and that is why this case is happening right now. reporting right there well you can always find more in all the stories we're covering or do so on our website r.t. or picture galleries blogs expert analysis as well let's have

a quick look and see what's lined up for you there right now a prisoner diary alleged to gunfire and a victim who is on trial in the u.s. gives his account of hardship in thailand american jails and the political dealings which may be behind the case but the highlights on our website r.t. dot com pass. rushers envoy to nato says the alliance is preparing a military operation in the violence torn syria just four months after going into libya for more on this interview tito. you went on it's here now and there un's given that russia access to what's thought to be the plan is biggest gold and copper fields for exploration but it won't come easy may lie in the deep sea deposits of the mid atlantic ridge parties are going

to go to school has details. russia has fifteen years to explore the the. mid atlantic ridge in order to find out whether indeed this is specter 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 that means russia gets the priority in the development of that field that this has never been done before no country has ever applied for the developments off the off the seabed interest 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 the seabed off the indian ocean so this of course brought forth a many opportunities for other countries who are interested in the village development of such resources particularly for russia there's the the arctic the arctic sea russia's very. possible development of

a loyal and gas resource there in fact russia has that 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. if you want to go to reporting right there let's check out some other international headlines for you here on r.t. libya's government has described the force that the youngest son of moammar gadhafi was killed in a nato airstrike as a quote dirty trick rebels claim that twenty eight year old khamis gadhafi was among the thirty two who died in the raid i wish the alliance says was targeted

targeting an ammunition depot and a military police were said to be in a town just southeast of tripoli in may one of gadhafi is other sons was killed along with three grandchildren when a nato bomb hit the house they were in. thailand has its first ever female head of government and you know what has been elected prime minister after her party secured a parliamentary majority choose the sister of former prime minister thaksin shinawatra who was overthrown in a military coup five years ago he was charged with corruption and fled the country so there's speculation he might try to come back now that its sister is in charge. well next we're off to one of russia's most remote corners where integration with china knows no boundaries. and today we're in the far east and a more regional it's a remote but rich area holding russia's largest gold reserves as russia's most

eastern economic outpost and more is making the most of its proximity to china as r.t. is. a very warm welcome to this edition of russia place out this week coming to you from the all nude beaches situated in the very full this reaches of buses for weeks with thousands of kilometers away from you in moscow but i mean like this by boat from china and all surprisingly the influence of china and its culture is everywhere here. high heels and a high hat is not a look many women can pull off but their little one on a restaurant she prefers to be called in russia is no ordinary woman having first arrived in a more has 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 region's capital blood of their shins get 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 yet i saw an opportunity to create something here russia needs skilled laborers and with china being so close and easy access to chinese goods to whitman and already work for someone new mr is just one of a growing band of successful chinese entrepreneurs operating in russia's far east where a river is one law 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 glades. so whether it's a pair of trendy train is that the raft or perhaps the most designer sunglasses

this is where the people are blagoveshchensk heads to pick up a bargain were instantly the chinese market which then the sense of town and of course everything and. bad label made inside and all the sellers also can tell you that let me tell you it's absolutely packed in fights here and how do you fight this every single day so clearly business is booming. i've been here for three years and that china has that once no 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 price and. i hoping on one of the many packed ferries that cross the mall river every day rushing consumers can enjoy an even more authentic chinese shopping experience i'll be is at the site slavic flavor thank you for volume and in the process help to fuel the chinese economy it's led sounds of fear that russia's far east is being exploited spine's

entrepreneurial neighbor disabused the church or the city pessimists revel in self-pity at the start of china forging ahead while optimists think of ways to develop like a vision of the same pace using chinese expertise capital and labor i believe our region is hugely fortunate to go to china if you will 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 westray. its downs in here on the a more 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 hike a slight representative of the growth of the chinese economy as a whole and its influence here in russia alice

a bit more to region. or it's a recap of the headlines with me will research coming your way in just a few minutes time before cross over to the military at the business desk. and warm welcome to business the u.s. markets seesawing even after positive jobs reports payrolls in the u.s. rose by one hundred seventeen thousand workers are to remain a forty six thousand increase in june a stronger than expected report sparked the rebound but perhaps hasn't so far continued to talk more on this let's now join james ashley senior economist r.b.c. capital partners capital markets sorry the james. positive jobs report has of failed to pull the stocks into consistently positive territory what could be what could spark a stronger rebound in your opinion. i think it is i mean watching today is that there was initial positive reaction as you say but they own that

a reaction is faded when people realize that this is just one positive number a sea of fairly negative numbers what we see in the in the line structural problems are still there u.s. employment is still over nine percent despite the good news today european employment slogan one percent growth has slowed materially over the past few weeks and obviously we still have the overarching problem of the here in sovereign debt crisis so today's number is good news but i think what we need to see is a sustained run a positive economic data and a resolution to the european debt crisis before markets really start to calm down. after thursday's massive drop there's talk now again about a double dip in the u.s. economy do you think that can happen. i don't think so own part of this because h one was so weak at the second half he now has a very low benchmark in terms of achieving growth from where we are saying that the u.s. is experiencing problems growth has slowed down materially of late as i mentioned

in terms of a double dip i don't think we're heading back into recession policies very competent in terms of where the information policy is set in fiscal policy is still very stimulative so i think there are problems that are only going to return to strong growth anytime soon but bill think we're talking to people that recession either all right how long do you think we will see this period of those strong volatility. i think where we are right now what we've seen of the past couple of days has been truly exceptional i don't think we'll be experiencing this level of war let's face it or not or not on an ongoing basis in which longer but certainly while uncertainty remains so elevated and we do have this when resources are in debt crisis and markets aren't really sure which way growth is going is going to take a poll as you mentioned is going to go back into recession while those perhaps they still remain i think volatility will remain elevated so i think things will calm down slightly from where we had been last couple days but overall policy will remain heartbroken for a prolonged period of time spilt now in situations like the one we're in right now the markets like russia look like. i think at the moment what we're seeing

globally is that a lot of what's going on is really being driven by what's going on the periphery of europe or the euro area and more so what's going on with italy and spain so i think emerging markets always have their own important domestic fundamentals russia's been enjoying a relatively strong with her very inflation relatively high and marks you can expect in motion interest rates to head higher from where we are right now but i think the overarching thing at the moment the dominant theme in most markets emerging markets included will be how things play out within the euro area and i think that will remain the case certainly over the second half of this year are let's assume people are watching the moment have money in the russian stocks what do they do do they sell move into cash they move into gold so they keep their stocks are on their hands right now at a later. i think a lot depends on your risk appetite obviously in such a volatile environment then there are huge gains we how to make the right assets

but equally as all of downside there is where completely wrong assets here obviously we've been in advising our clients and they unless they have high risk upside and they should stick with it the safest most liquid assets so we've been saying go into german bonds for example if you want exposure to the picks income markets gold for example in an environment such as this where uncertainty is very high it's obviously been a safe haven in the past then there's no reason to think that this time will be much different so i think unless you're really willing to take on high levels of risk and stick to those safe liquid assets it's only. all right thank you very much james senior economist the r.t.c. capital markets thank you so much for your time and for your comments all of us all we have time for this hour but join a business and see if you can in fifty five minutes time i have all latest business news for you and all ages not in schools.

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