markets. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to cause report. fallout of deja vu markets struggle to recover losses following a worldwide plunge after being scooped by the weakening u.s. economy and the new debt. in my private conversation with the president of the series i discussed the same ideas of reforms need to be carried out if he fails to do that in a sound future awaits the president of it if syria's president says the siege of an opposition held city continues and more protests are expected after friday prayers . and a former ukrainian prime minister yulia timoshenko was arrested for contempt of court during her gas field trial sparking unrest outside the.

international news a comment this is r.t. live in moscow just turned nine pm here in the russian capital good to have you with us as our world markets are clawing back their losses but remain unstable after the shop is false and two thousand and eight that decline raised fears of another wave of the global recession amid the slowing u.s. economy and a huge debt crisis is daniel bushell 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 against germany's the u.k.'s financial services authority has asked british banks to reveal how much 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 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 to 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 attack this time when it's already critical as in europe we've seen america really suffering and raising that 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

your the u.s. have really started to tackle that key issue yesterday was the wall street. years where there was steep slumps in the share price and there are 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. can you bushell there economist analyst michael ross has told me earlier that the market panic we've witnessed was triggered by politicians who are not dealing properly with debt. i tell you one thing this is not a normal crisis and this was not a normal question that we had this week. it was the beginning of the end what is the illness that has three go to all these problems the illness is called debt all

western nations all over debt don't lose their credibility and what happens when they lose their credibility then banks are going bankrupt and i tell you another thing only in a short time all variants of the most important banks worldwide in the western world will be taken over by government by the governments and another thing it's not the discussion of the euro and the debts in europe this is of course problematic issue it was the discussion about the debt ceiling in united states that triggered this mess and everybody knows now also my grandmother the problem you know it is not solved when they. put up the debt ceiling we are in very very big columns and i don't because i cannot see any solution or dog take expert. problem at all the only cure there you know is to produce more debt but that is already. the issue of this crisis is already the cause of this crisis so how can

you solve this crisis with moderates so i don't see any solution michael ross their business task is of course keeping us up to date on the developments dimitri has his eye on the markets particularly after the release of the us unemployment report three how are they responding now well the u.s. unemployment report is a very important of course factor in today's trade there was initially a very positive reaction plus one point two percent on the dow right now after plunging almost one and a half percent actually more than one percent it's recovered plus one percent the dow jones and the u.s. markets are recovering after one of the biggest one day drops this is because the unemployment data report came in much better than expected around seventy five to. eighty five thousand jobs were expected to be created in july and actually payrolls one hundred seventy thousand jobs were added in the month of july so this is of course a at least a breathing pause where we're going to go later i'm going to find out i'm going to

tell you in around fifteen minutes in our business but it's all right see you later dmitri thanks very much indeed. british intelligence services have allegedly been violating international law for almost a decade elite top secret documents suggest agents were involved in the torture of prisoners held overseas the policy was reportedly first implemented in two thousand and two in afghanistan let's discuss this with tara larches u.k. policy advisor for amnesty international in london tara thanks very much indeed for joining us here in our to know your organization along with other human rights groups has refused to take part in this inquiry into the u.k.'s alleged role in torture why is that. misty international and nine other human rights organizations have written to the inquiry telling them in our if you think that's been setup is fundamentally flawed and as a result will be unable to attend any further meetings or submit evidence to the

inquiry and there are a few key reasons slightly inquiry is unable to do its job properly on the first of these is the rather shocking level of secrecy that surrounds the inquiry and much of the inquiry is going to take place behind closed doors and no information will be released to the public without the say so of the government which is very worrying for an inquiry they're supposed to be you know getting information to the public about about what's been going on the second reason is the. involvement of the people who were who were victims of the sort of u.s. led global renditions program and who allege that the government were involved in their torture unlawful detention of these these individuals don't have any particular status in the proceedings apart from. as any other witness or as members of the public now this coupled with the secrecy means that they won't themselves likely see the documents which outline the policies and the advice that was in

place which led to their torture and detention and the third key reason is that the inquiry has very few powers it has no powers to compel any evidence or to compel any witnesses. and that's going to be very very difficult for it. to get the truth of what happened without those powers can you give us some illustration of what we're talking about here rick called into the information you have to what extent has the u.k. government the secret service has been involved in rendition over these you know. this is a mounting pile of credible evidence that the u.k. was involved in torture and other serious human rights abuses you know we've seen cases to come in through the court such as that the. western. officials were sending question interesting information dissipating interrogations in situations where they even knew or ought to have known that he was being. mistreated it's also

come to light that u.k. territory garcia was uther rendition flights and they sort of you know every week or every month there's a new allegation or new piece of evidence. talked about earlier which led to the policies that were in place you know it's not a document that's been hidden for a very long time that's just been released that shows that there was you know perhaps circumstances in which. you know ministers are very senior officials authorized agents to participate in situations where it was more likely than not the torture would occur in the law of recent atrocities many people would argue with you know if information is extracted by legal means to actually help prevent atrocities like for example the number how else do you get information from somewhere and some body who can prevent civilians and atrocities occurring i mean i think. apart from the concern about involvement and torture our security

services here in the u.k. do a very good job using other lawful means to prevent terrorist attacks and keep us safe and what we need to make sure is that what they do doesn't cross the line they're not participating in torture and other things that are violate human rights law and international law when they do that just briefly how much could this damage britain's reputation. and then the other organizations very much welcomed the inquiry when it was first announced when these allegations were going on for a really long time and i thought full public inquiry was the best way to really get to the bottom of what happened and and i. needed to have public access to those documents in a real open airing of of what happened that would be the best way to ensure confidence in our security service says you know we very much hope that they will see that they're both still be an inquiry which is open and fair and transparent

and that the government will reconsider. the very problematic protocol that's been put in place and i think if there is a full open inquiry and lessons are learned from that and the u.k. can restore its reputation in the world by then making sure that what it does in the future learn from the lessons of that part thanks very much indeed for time thanks for joining us live now to u.k. policy advisor for amnesty international joining us. thank you very much. this is r.t. live here in moscow still ahead this hour. there's. a group of hardline muslims try to enforce tough shari'a law in london opening a new front of multicultural tension in your. travels through the original charges doorstepping discovers her russian and chinese culture into the one that's just a few minutes away from here on to. present

a very serious leader of bashar al assad to kick start reforms and end the violence in his country before it's too late it was giving him extensive interview on t.v. as well as. radio and georgian t.v. channel peak here's a preview for you the full version of that interview is coming up in about twenty minutes from. a lot of 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 ideals good feelings need to be carried out but frankly should establish little or no your position establishes what's in the country that will create a multi-state if he fails to do that then

a sad future awaits all of that 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 rights of women. meanwhile anti-government protests continue across syria despite an ongoing crackdown by the military reports suggest at least ten more protesters have been killed as the assault on the city of hama continues which is the opposition dismissed a decree from president assad proposing a multi-party government system saying the violence has to end before daniel begins an international pressure is growing on the syrian leadership to stop the violence but the u.s. saying it's working to find new ways to try to influence the situation beyond sanctions. there's islamic leadership tension of a very different kind in britain at the moment with hardline muslims trying to enforce sharia law in london from absent patient to abstention i should say to amputation nor emmett's been hearing help 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 walthamstow east london to become ali good of getting a go because of the summer as an alternative to the muslim of an almost community also looking a believe the muslims kind of together trade according to the sharia has all the problems with the sharia and even police themselves to a large extent healthy one day job or something emirates will have apology locally security locally and 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 now that enforcement will not initially be in on the level of inviting and has been fairly it is one of the capabilities of the beast but in essentially some evil like a free situation it should do so. by that week because of course i believe the pressures that are needed most should be run out of the area these muslims say british society is broken little with drugs crime and prostitution because of that they firmly believe members of the communities that targeting will welcome sharia law but the word of 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 protect the law. and all of these things are completely legal in this country so this is not india pakistan this is our own laws people have no rights can here bring their laws in here we often have trouble but councillor martin east i'm ok. griese this could destroy community cohesion we've got around

the house is assumes that because we do not want these posters around. and that they had no place to move in for us this isn't 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 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 going to sit there a dangerous thing and it's a political tactic to increase their own power undeterred by opposition challenge realties group plan what they see is the beginning of an islamic emirate not just of the think a all over europe police have mobilized to take these posters down as fast as they

appear but choudhry and his groups a base formed bands of vigilante and forces to make sure syria is. 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. both in state. after ukrainian charge ordered the arrest of former prime minister yulia timoshenko citing complaints of court he's been on trial since june over alleged misuse of power while signing gas deals with russia back in two thousand and nine. has more now from the ukrainian capital. sankoh the country's 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 this was the view to a 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 all bolted from really are scenes from ukraine's parliament several years back fighting shoulder accusations all this has been of the picture all 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 your post some of them included included the deputies of the parliament attacked the bus and tried to block its way but clearly the policeman made sure that the bus when normally on beautiful franco as we

understand is now delivered to the detention center which 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 unix machine it 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 fall. itself 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 original strength is a criminal and they believe she is she is to blame for a 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. and that she has just. reporting live a little earlier from ukraine and next we're off to one of russia's remotest corners where integration with china knows no boundaries. today where in the far eastern amir region it's a remote but rich area holding russia's largest gold reserves and is russia's most eastern economic l. post i mean it is making the most of its proximity to china as i said but found out . i very well welcome to this edition of russia place out this week coming to you from the i'll move you to six ways it's in the great hall this reaches of the us is

all respect houses of kilometers away from me would not go but me of like that it's like oh it's 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 mall as an interpreter in the early ninety's she and her family were banned from running a small cafe challenging this large construction company. and spread across the region's capital blagoveshchensk no fewer than four now chinese restaurants full most nights and serving up a taste of the audience to russian dinah's aids and i'm disappointed failure and one that the mother of two says she couldn't have built in china there were destroyed lives there i saw an opportunity to create something here russia needs

skilled laborers and with china being so close and easy our business to chinese goods and equipment and a ready one for some work i knew mr is just one of a growing band of successful chinese entrepreneurs operating in russia's far east where a river is only that separates the two countries and easy proximity coupled with favorable visa regulations continues to inspire thousands of chinese workers people like sunshine to flock across the border every year his is a tried and tested business model selling cheap chinese clays. so whether it's a pair of they're trying to train is that your art or perhaps the most design of fungal also if this is where the people have like a better head to pick up a ballgame or in some of the chinese market which then the center of town and of course everything and. bad label made inside out all the sellers also called from china and let me tell you it's absolutely nuts in fights here and the party is like

this every single day so clearly business is behaving. i've been here for three years and if china has good ones no jobs are going well. you can get things really cheap here which is great and it's 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. by hopping on one of the many times ferries that cross the in the river every day russian consumers can enjoy an even more authentic chinese shopping experience on the as its flights topic favor thank you for volume and in the process helps and fuel the chinese economy it's led sons of fear that russia is far east is being exploited by its entrepreneurial neva acim is the church worth a spit pessimists revel in self-pity of the sight of china forging ahead in this think of ways to develop like a vision of the same pace using chinese expertise with the 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 and grace integration between the two countries as far as government is concerned its relationship westra. you're standing here on the line it's a mere five minutes across to china so close you always feel that you can reach out and touch it and people living here say that they've been witness to the phenomenal pace of development along the hype a slight representative of the growth of the chinese economy as a whole and its influence here in russia alison a bit more to region. a recap of on top stories where the in just a few minutes from now in the meantime let's cross over to dimitri for the latest business. the.

thanks bill hello you're watching business out secrets out accompanying the u.s. markets are seesawing even after a positive jobs report payrolls in the u.s. rose by one hundred seventeen thousand workers after a meager forty six thousand increase in june as strong an expected report sparked a rebound but it's so far been very volatile into western from ads on capital believes what we've been seeing is a relief rally and logical down. i think that what you're seeing is it's proving that the u.s. economy is still growing but more than. 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 of it as of yet it's too soon to say and people were watching it coming did a 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 gold mining if you want this is what we call a relief rally which is easily can turn south again if you see something coming out of spain or italy or anything else coming out of us very easily returning downwards again. in a second look at what's going on on the markets at the moment starting with commodities brant is coming back from thursday's lows it's up more than one dollar per barrel this hour light sweet still down thirty two cents are really investors are really cool about investing into commodities as of course the pace of the recovery of the global economy very much tournaments the mound for crude world. u.s. markets are really seeing a roller coaster train on friday off an issue upswing of from the jobs report the nasdaq is right now point two percent lower down germans up one percent but everything changes basically by the minute news from the tech stocks under pressure microfiche one of the biggest economies. closing picture now for friday in europe

the sort of the foot sea and the dax down by two point seven and two point eight percent respectively as well to losing three point four percent on the first day banks were a big drag royal bank of scotland declining at one point twenty one percent on friday that's all for the banks one two a second. and finally the closing picture for russia where the odds he has to competing down three percent in my six so also. declining two percent after a negative thursday session name decliners on the my sex work energy shares gasp roman wall stamp shedding to one hundred percent growth telecom declined at one point around eight percent but managed to recover some of those losses by the end of the session. bugg lobel indices are fluctuates humanoids level from u t x capital group says russian markets are likely to be the first to see an upswing.

russia has had a fantastic run look at the my sense is that it had a great run over the last few weeks or so you slowly start to come off but it's coming off on the highs and with the increased amount of exposure to us that i would exit with a high amount of exposure to the oil and gas markets i feel that there is near downside for for russian equities to be had but when the recovery comes it will come at some point then the russian market does seem very well positioned to benefit quite significantly from its kind of attacks and i think the headlines with things stay with us for.

it used to be an ideal place for a holiday doesn't change the moment. the wounds of war are still visible. the republic is not only relieved but also shaping the future. hungry for the fall so we've got it from. the biggest issues get a human voice face to face with the news makers.