i will try to answer this i don't know if i can do it like a child ward but i will try i suffer to this day because of what happened then i am convinced however that the decision to retaliate and the recognition of the breakaway republics as subjects to international law with the right decisions to make i believe my actions were constitutional not only am i unashamed of what i have done i believe my decisions will nor thought out unnecessary things i said thank you very much mr president. for the full story we've got. the biggest issues get a human voice face to face with the news makers. in india. the movie. the gateway hotel the grand imperial truly. socialist.

medicine the hotel treat. struggle to recover following a world wide. by the weakening u.s. economy. in my private conversation with the president of syria i discussed the same ideas. need to be carried out if he fails to do that future president medvedev syria's president. opposition held city continues. friday. former ukrainian prime minister. is on. a group of muslims are trying to enforce a law in london opening

a new front of multicultural. a very warm welcome to you this is our. main unstable after the sharpest full since two thousand and eight. fears of another wave of the global recession and 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 next day yields have hit record highs against 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 they yield critical new highs so now you have investors pulling out of france italy and spain. 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 relative 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 the america really suffering and raising the debt ceiling doesn't tackle the key problem which is

making the problem worse given the more and their economy is weak because they know the your 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. don't you push your reporting what i mean time out bangkok based economist daniel tarbush says that the asian economy will easily withstand america and europe's turmoil just like it has done before. 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 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. and our business desk of course is keeping up to date on the latest development dimitris here now of course with your eye 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 of one hundred seventeen thousand wages added to payrolls that was much better than expected provided some support at the opening 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 into red territory so american markets are down a half a percent to one percent european markets down two percent russian markets have closed somewhere between two and three percent from the marty s. and the my six so it's really the same problems that remain they haven't gone away . debt 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 dimitri so the markets around the world you're seesawing all day long more

details from your saying thank you. president here that is urging syria's leader bashar al assad to start reforms and 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 peek here's a preview though 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 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 he 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're watching the situation it is changing our guidelines are two. meanwhile antigovernment 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 hama continues just as the opposition dismissed to create 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 is the backing is the action of the syrian side they have to make the changes that require. principly

start killing people or remove some of the leadership even. on the part decide on the government and on the military and i think the threat that the u.s. and france and and britain. applying to syria is very counterproductive it is not acceptable what's happening you have to have a dialogue but they're resisting falling into the same trap 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 a no fly zone as it turned out to me 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 shari'a law in london from abstention to. lor 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 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 stone east london will become good of behavior because of the islam as an alternative to the muslim of an all muslim community also looking to believe the muslims kind of together trade according to the sharia was all their problems. and even police themselves to a large extent hopefully one day to have a summit governments who should have authority local security locally i do 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 sharia law by any means you know that enforcement will not initially being on the level of inviting

and for didn't believe that if someone has the capability to be with an essentially something like pornography prostitution should do so. by that you mean physically of course i believe that i need a mosque 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 all of these things are completely legal in this country this is not india air or pakistan this is our own laws people have a right to commute bring their laws in here we often have a costly but trouble councillor martin. griese saying this could destroy community cohesion we've. taken down the post this assumes that because we do not want these

posters around i do not represent. that they have no place to move from forest this is an equality campaigners say the shari'a supporters shouldn't be considered a religious movement but a fall right to political organization with a place to campaign designed to divide and conquer communities the danger lies in dividing people dividing communities creating mistrust and 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 i'm honest a very very dangerous thing and it's a political tactic to increase their own power undeterred by opposition chaldron and his group plan will they see is the beginning of an islamic emirate not just of the 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 syria is 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 and it's r.t. well from story london it's twelve minutes past the hour here on our tears good to have you with us today still ahead for you dig deep as russia has given one of the biggest gold fields for exploration parties are going to go take a look at what it could mean for the economy also. the close up team travels to the region on china's doorstep discovers how russian and chinese. 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 court she has been on trial ever since his alleged misuse of power. with the russia in two thousand and nine. he has more from the ukrainian capital. it's a machine called a country so ukraine's former prime minister is placed on the arrest before that she was simply forbid him 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 huge emotional 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 when 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 the supporters of you too much time for some of them included included the deputies of the brain of parliament attacked the bus and tried to block its way but clearly the policeman make sure that the bus when normally on the you touch and go as we understand is now delivered to the detention center what 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 you had so much ankle 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 reins of government as 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 a constant. political fighting between her and the president and the gas deals with russia which is now she's 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. it seems to be the power structure seems to be more or less stable but clearly this new lead by present on the part of regions made it clear that your intimate friend 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 millions 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 up on our website. picture galleries blogs as well that's a quick look and see what's lined up for you there right now prison diary. trial in

the u.s. gives his account of hardship and american jails and the political dealings which may be behind the case on our web site. plus. russia's envoy to nato says the alliance is preparing a military operation in. syria just months after going into libya for more of this interview. with. russia thought to be the plan is 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. russia has fifteen years to explore

the. deep sea bed 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 but this has never been done before no country has ever applied for the development of the of 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 develop development of such resources particularly for russia there's the 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 to be 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 fly in those countries of course are canada the united states denmark norway and interestingly enough china. we're going to be reporting right there let's check out some other international headlines for you here on r.t. libya's government has described reports that the youngest son of moammar gadhafi was killed in a nato airstrike as a quote dirty trick rebels claimed the twenty eight year old was among the thirty two who died in the raid i wish the alliance says was talking to targeting and i mean to defy when the military police facility in a town just southeast of tripoli in may one of gadhafi has other sons was killed

along with three grandchildren when the nato bombed hit the house they were in. thailand has its first ever female head of government you know what has been elected prime minister after her party secured a parliamentary majority she is 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 and there's speculation he might try a comeback now that his sister is in charge. well the 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 in a more region it's a remote but a rich area holding russia's largest gold reserves and its russia's most eastern economic outpost more is it making the most of its proximity to china and saudis

are less habitable. a very warm welcome to this edition of for us a place out this week coming to you from the all nude beaches situated in the very full of this reaches of the us is far respect thousands of kilometers away from you in moscow 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 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 to 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

dinah's it's an impressive pool failure and one that the mother of two says she couldn't 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 our existing chinese goods and equipment 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 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 chinese clays. so whether it's a pair of a trendy train is that your raft or perhaps the most designed a fungal thing if this is where the people have like a better head to pick up a bargain were instantly the chinese market which then the sense of town and of

course everything and. bez the label made in china and all the sellers also come from something that 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 and i love china as they want not jobs things are going well here you can get things really cheap here which is great if you've got a large family the quality varies hugely but on balance i think we're lucky to have chinese traders here russian goods just can't compete on pricing. and by hopping on one of the many packed ferries that cross the more river every day russian consumers can enjoy an even more authentic chinese shopping experience audi is with a 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.

worthless and pessimists revel in self-pity at the sight of china forging ahead to miss think of ways to develop like a fish and at 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 in grace integration between the two countries as far as government is concerned its relationship westray. you're 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 along the hype eric representative of the growth of the chinese economy as a whole and its influence here in russia alison bit more to region.

or it's a recap of the headlines with me coming your way in just a few minutes time but first let's cross over to dmitri at the business desk. and if you can warm welcome to business in the u.s. markets see sawing even after positive jobs reports payrolls in the u.s. rose by one hundred seventeen thousand workers after a meager forty six thousand increase in june the stronger than expected report sparked a rebound but that 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 failed to pull the stocks into consistently positive territory what could work could spark a stronger rebound in your opinion. i think it is i mean what we've seen today is that there was initial positive reaction as you say but the on that day reactions faded when people realize that this is just one positive number

a sea of fairly negative numbers what we've seen to the in the line structural problems are still there us employment is still over nine percent despite the good news today european employment slowed nine percent growth has slowed materially over the past few weeks and obviously we still have the overarching problem of the hear a pin sovereign debt crisis so today's numbers good news but i think what we need to see is a sustained run of 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 part of this because each one was so weak that the second half the now is 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 i mentioned in terms of a double dip i don't think we're heading back into recession policies very accommodative in terms of where the money from which policy is set in fiscal policy is still very

stimulative so i think there are problems i don't think are going to return to strong growth anytime soon i don't think we're going. to double dip recession either not how long do you think we will see this period of verse strong volatility . i think where we are right now what we've seen over the past couple of days is being truly exceptional i don't think we'll be experiencing this level of volatility for a not on an on going basis for too much longer but certainly while uncertainty remains so elevated and we do have this unresolved sovereign debt crisis and markets aren't really sure which way growth is going is going to pick up or as you mentioned is going to go back into recession while those still remain i think volatility will remain elevated so i think things will calm down slightly from where we have been the past couple of days but overall he will remain high for thing for a long period of time still now in situations like the one we're in right now how do emerging 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 of the euro area and more so what's going on with it in spain so i think emerging markets always have their own important domestic fundamentals russia's been enjoying a relatively strong with very inflation relatively high and moxy been expecting mission 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 at the moment have money in the russian stocks what do they do or do they sell move into cash they move into gold so they keep their stocks on their hands right now what do do they. i think a lot depends on your risk appetite if you're volatile environment then there are huge gains to be had if you pick the right assets pretty quickly it's all a downside as well if you pick the wrong assets here obviously we've been in advised our clients then they unless they have high risk appetite and they should

stick with the safest most liquid assets so we've been saying go into german bunds for example if you want exposure to fixed 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 there is 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 the safe liquid assets for the time being all right thank you very much james senior economist at r.b.c. capital markets thank you so much for your time and for your comments. i that's all we have time for this hour but join a business r.t. if you can in the fifty five minutes time i have all the latest business news for you and all latest market schools. move a little bit with.