on the good. video on demand. mine. are a sense. of your. calm . global bar kid fever u.s. stocks head south of the first trading session after america's credit downgrade with volatile trading elsewhere too thanks to the spreading european debt crisis we've got the latest for you this. also in the u.k. these are live pictures coming through now another round of rioting in london after a weekend that saw angry youths and looters respond violently to a fatal police shooting again makes this call but just ahead our correspondents on the scene. and war stories three years after georgia's attack on the south for seti

we talk to those who bear the scars of the conflict about how they're rebuilding their lives. this is our sea world commits nine pm this monday evening here in moscow i want to have you know and first the u.s. markets have joined the rest of the global economy and of making losses the dow jones is hovering between two and a half and three percent is the first reaction to the downgrading of america's credit rating over the weekend with the eurozone debt crisis also speaking of best is i think from an important has got the latest from new york things are heading south in the first minute of trading there galloping down more than two hundred points within an hour it was down more than three point two percent now that number is going up and down and changing but clearly it indicates a climate i. certainty this climate of uncertainty isn't just here here in the us

but it is all over the world and of course this is this comes after the us and eastern hordes are downgraded the u.s. credit from aaa to double a friday evening this is the first time in history the country of the world's largest economy was kicked out of this triple a club and to sum it up he says sooner or says the u.s. government needs to get its fiscal house in order following all the drama surrounding the debt deal the credit agency believes that enough has not been done by u.s. lawmakers to to balance its books in addition to all of the political posturing all of the bickering all of the back and forth mudslinging hurt the overall confidence in the u.s. economy that is according to this credit agency and so after we saw that the u.s.

credit was downgraded from aaa to double late what else happened we saw the republicans in the u.s. blame president obama we saw the ministry or the surrogates of the u.s. administration blame the tea party so the blame game just continued even in the aftermath of the credit of the united states being downgraded right now it's still it's a climate of uncertainty the credit agency said that there is a chance that the u.s. is credit rating could be downgraded even further if the u.s. does not get its fiscal house in order and does not stop this ongoing process of borrowing and spending. when important new york on the latest from the american side of things meantime europe's stock markets are also in the red the footsie in london closing going over three percent a brief rally after the european central bank said it would start to buy up spanish and italian government bonds to restore confidence proved to be short lived r.t. to enter bushels following the situation in brussels forrestal very good evening to

you so almost understatement to say volatile session who's been hit the worst though. greece is in big trouble this fall into a full team year low because if the euro falls as increasing numbers here believe it could do greece would be first in the firing line if it is no fun to be an investor any more than it does the faces not be read like the markets there and everywhere and what's being dubbed the springs become the state's pledge that it will change that it will reform it'll get its house in order this is it will slash billions more of public spending but that doesn't help the mood in the european central bank i did it will buy up spanish and italian debt something that no one wants to buy at the moment that hasn't held either now the g seven g twenty group of leading economies so that they're working together to control the situation but investors are voting with their feet that's why markets are down investors just don't believe the politicians bushell in brussels thanks for bringing us up to date

with your side of it so we've heard about the u.s. we've heard about the european side let's concentrate now what's happening here in russia and artie's business give you a very close eye on things to be true medvedev mitri hi there. will be again here ok carry on have a nosedive on the markets getting worse for yourself well in the united states right now the early markets pretty much trading right now the dow is off three hundred points it was off around four hundred before that so it's pretty much stabilized if you can call a three percent drop stabilizing in russia the markets did see one of the worst one day drops the r.t.s. dropping around. percent shedding five and a half percent of all although on that all the details all the figures in around fifty minutes we'll take a look forward to bring us up to the what you know so far now another big news story that's breaking at the moment it seems to be kicking off more riots in london if you've been following this story it's been happening all weekend is happening

again now groups of youths are clashing with police in hackney that's in the northeast of the city it follows unrest over the weekend after a man was shot dead by police at least thirty five police officers were injured over two hundred people arrested let's cross to our t's i have a bennett he's in the british capital for us again to bring us up to date with the latest that you know of what is going on there now. writing continues to spread across the city and it's been going on all afternoon releaser looks like the city is heading for a third night now in succession of unrest and the area worst affected as you mentioned there is a district called hackney in the northeast it's about a few kilometers south of tottenham where the initial rioting took place on saturday night and the violence that we seem today isn't as worse as in as bad as it was on saturday night in tottenham no buildings have been torched yet but there is still widespread looting and the pictures we're seeing this afternoon showed several deeds in mass to rioters going through the streets along

a high street smashing windows of local businesses and shops grabbing what they can a lot of the time actually they're just grabbing things like chairs out of the out of the windows and just hurting them and the police are trying to find whatever they can to throw the police missiles they even stopped a truck in the middle of the high street opened up the cargo and threw planks of wood at the police so the police are trying to stop them by forming a line of police in riot gear across the road and slowly advancing towards the rioters but the problem they're facing is that is being revealed today that a lot of the gangs are actually operating and coordinating their efforts via instant messaging on blackberry mobile phones so rather than twitter which is what we've been seen in the water which of what we have seen in the middle east obviously earlier this year but the problem here is that all this is private and so the police actually can't track the movements of the groups and so on and so the groups of runners are actually very mobile a lot of the businesses elsewhere in other parts of north and east and london have been shutting up shop early and advising others to close closed businesses as fears

of writing could spread near are also reports on twitter that riots could spread in the other parts of south london even as far south as lewisham which is. several kilometers south of hackney than over with what you're talking to richard looking over your shoulder those live pictures i want to put them back on the screen just to show. the viewers we're seeing police officers there earlier on charge of course what looked like to be a test coast guard all right we've got back to live pictures now you can see a cordon of police we're just seeing what looks like tear gas being rounds of tear gas being fired off actually it looks like missiles being held towards the police by the rioters there in the towards the bottom of the picture we're seeing a cordon of police officers across one of those streets there in hackney let's stay with these pictures if we can what was the catalyst for all this is it all over the fatal shooting by police of mark duggan the twenty nine year old is that the

catalyst for all of what we're seeing now what's your understanding. well general understanding today is the violent scenes we're seeing now in hackney in the northeastern city it was actually sparked by a different event that was stopped and searched by police of a man in hackney and then he was later released without any charge and that was the catalyst there but it seems like. people are on the edge basically on the cusp of what a lot of police chiefs are calling opportunists theft and and criminality and. that's what's been happening in the last twenty four forty eight hours even pockets of violence and looting in unrest have sort of sprung up all over london as far north as tottenham as is on saturday again i referred to embody a little bit with these pictures i want to talk about in just a second we're just seeing obviously our viewers are seeing it as well we saw the police charge what about one hundred fifty meters down the road. a group of youths

difficult to say of many there maybe fifty sixty use of running away it looks like the police are sort of cordoning them down to one side of the street there's certainly no use to be seen above the police were watching the helicopter shots punning in and yeah the street behind the police there looks look looks reasonably quiet so far we also had some information in the last from home secretary theresa may updating the number of people who have been arrested this evening that number we're hearing now sterling it's two hundred and fifteen arrested in the london riots or so. as we get a bit more on this but just reminding our viewers of it just to there you're looking at live pictures here from hackney tonight in north east london there is ongoing rioting there you're seeing these live pictures coming through as soon as we get more information we will of course bring you the details.

three years ago georgia launched the attack on the people of the small republic of south of the five day war in which georgia tried to reclaim its old toad trees played hundreds of innocent lives but to do the coaching over is in the south pacific capital city still struggling to come to terms with the losses. attacked suddenly around midnight and the first try to happen here at the russian piers keeping bay so now what you can see behind me and what's left of the base there were around two hundred fifty soldiers here and the force almost waiting for the russian troops to iran if russia sent in troops to protect the republic citizens many of which were russian passport holders and we also were hiding in basements and blown out buildings overhand twenty three soldiers were killed and many injured and some we managed to talk to they told us that they want to keep of this building untouched and of the memory of what happened here meanwhile the morial service

began last night or will be held throughout the day these are many starts at eleven thirty five pm that's exactly the time going to richer open fire over the city hundreds of people came last night to light candles and to pray for those who were killed three years ago in a brief but destructive conflict many came where the small children people were listening to the rag and they also released white balloons into the sky and the memory of what happened here three years ago they will last it will follow days that hundreds were killed and many injured mostly destroyed. and as though the face of the city has changed within these years still the locals are trying to restore their lives and we managed to speak to some of them who are still struggling to bring their lives back to normal. i come here almost every day i sit and talk to my son so i know i will lie next to my dear boy. for the last

three years stacey said nick has come to this cemetery in self-assertive where her son is birds five days unorganised two thousand and eight split her life into a before and after. tell you since as one her son a medical college graduate heard there were public's capital t. involved was under attack from georgia he rushed home to help the injured he died in her arms us they lay trapped for days under the rubble of their apartment block that was in the georgian alterian firing line. kay says the only thing that makes her life worth living now is her twenty year old daughter they now live together in a newly built house to rounded by families was similar tragic stories. of this area where we're live with special adult to those families who lost their loved

ones and were left with nothing in that house across the street lives of women who lost two children and in the house opposite lives a man who lost both his wife and his child. all these people are of the terms of georgia's military aggression in all those two thousand and eight when you try to retake control of the breakaway republic of south ossetia a russian peacekeeping mission in the region also came under fire nursed my abuse dive i was on duty with them and witnessed average thing that happened that night got four kids i saw skin crawl on fire when you know it was going to be our last night it was still carried out peacekeeping mission and tried to become. moscow's santry enforcement to protect its citizens and prevent more civilian deaths within five days georgian troops had been repelled three weeks later russia recognized the city as independence. the last three years have to change the face of the thirsty

a new residential area where new roads sharp and have been burst and have been built but. the conflict remain behind my back are all that's left of the russian import for those who lived through the horrors of the brief but the ugly conflict the memories are still very raw. but in the question the r.t. reporting from c involves self-assertive. the regime in jaws are a similar to that of mubarak era egypt says correa a former georgia and pay an expert on politics in the caucasus. we are talking about the country that has no opposition we present him in real political life saakashvili treats georgia as he's on the stump the only difference of this size of georgia and egypt and it doesn't really matter how much egypt was playing great a great deal for the united states in time so for us the ability in the middle east

and georgia does not in the region but the fact still that say that we have political prisoners we have no free media and we have multiplied through or it was reckless behavior and impulse you thought it would be seasons already played so many make it free for all for my country he is the one who started this madness the genocide against his own people and appropriate the only cooperate and the one who started the war we won who is going through that irresponsible for this action. would not stop israel. just before the anniversary dimitri better spoke to r.t. and other media about the south who set in conflict prison a better says george's leader such as police should face an international tribunal for crimes against russia and its nationals if you'd like to see that full interview you can't on our website. a document leads to britain's times newspapers revealed

a west of baghdad to print outlining how rebels plan to control libya after more on the good things to posed it describes aims to take over the security infrastructure with foreign help and. research social at the center for research on globalization he told us nato has goals in libya different from those it presents to the world. people in the transitional council individuals are talking about a regime change will give prime minister belief and. british probated your credit yet it will all be bombing campaign in tripoli actually if you get the population galban i could gather greater population to overthrow the government it was not bombing tripoli it's deep beneath its money critically important because you get a leader here very different from what it was then the rest will look more of the world but i do not know if. the lecture he was in libya and been trying to create

blackouts in tripoli and district around tripoli and you've been reading this terrorist attack in. a sort of tension or to the violence in syria there's been fresh attacks in anti-government protesters across the country gunfire and explosions have been reported in the cities of d.n.a. and hama more than three hundred people have been killed in the past week the bloodiest in five months uprising against present the saudi role now bahrain kuwait and saudi arabia have pulled their ambassadors from syria adding to the international condemnation of the crackdown. testers who are inside are joined by patrick hayes is from online political magazine spiked thanks for being a line from london tonight so president assad promises there's not a fair and free elections yet at the same time we witnessed these continued violent crackdowns on protesters of those two things gel well let's be honest they don't gel very much steve i mean if he's serious about promising democracy and

sweeping constitutional reforms they had promised then clamping down on freedom of speech and freedom of expression which is the cornerstone of any democracy is not sending out a message to the syrian people that he can be taken seriously or trusted in his promise is a tool. of support to syria enjoy these days and listen rest we're seeing now is led to syria's deepening isolation isn't it leave relatively friendly countries joining the chorus of condemnation what is the government to achieve by what they're doing and music and realized in the future moreover. well i think to be honest that kind of long term strategy that kind of diplomatic consideration is now largely absent in a very very jeem they're clinging on to of power but even so in a very tired way there is a sense from assad really that the ease by which he started to say this is the end of you know single party rule and he will start to think about elections and the

way in which he previously portrayed himself and his party as the only guarantee karan taus of syrian stability but is now talking about major constitutional reforms means that really there's a real uncertainty about what he's trying to do there very isolated they don't really know where they go and they don't know what's really the position of the u.s. is on this which i think is making them very uncomfortable and i think as a result second of start between a rock and a hard place they don't know what to do but the sense i get from assad is a seems. very tired actually quite almost willing to relinquish power at the moment but you know what a difference six months makes doesn't it we recently saw jimmy those pictures of former egyptian president hosni mubarak standing or rather alarming in bed before the judge of looking pallid looking like almost a pro could mount if i can say it is it is assad afraid that he could meet the same fate what six months. but i suspect that's one of the reasons as to why he is

clinging on to power and actually using force against the protesters i think there is a kind of it said a kind of a tiredness that his comments earlier on the end of june i believe for a way did talk about sweeping constitutional reforms when he said what we're seeing now is the end of a single party rule in syria really reminded me of when both mubarak in egypt and also ben ali in tunisia talked about how tired they were and how they felt like you know the the end that's come for them there's a weariness about the assad regime as well but i think as you said there's a reluctance to want to relinquish power because i suspect he is very worried he'll meet the same treatment that some of america's now seeing are no matter how you look at someone else who rule undoubtedly be feeling the strain colonel gadhafi let's focus on libya sure just a minute and leaked report about a post to get our fee state is it really such agreements the report i'm talking about of course britain's times newspaper. well the thing that's most striking to

me about this report is actually i mean in some ways it's good for rebels who are looking to over for a regime to think about what they're going to do in the days weeks and months after they managed to overthrow gadhafi and i think that that's necessarily a bad thing the thing i think is problematic here is where you have a transitional council that i don't think really has legitimacy all of this the libyan people i don't think they're really looking to the libyan people to really get a sense that they have the orthorexic to speak on their behalf instead they're looking to the west they're looking to america they're looking to britain we work very closely with them in writing this reports. their approval instead i think and we've seen from. other countries what i'm getting at is that this report we hear. backing this blueprint have some sort of westminster parking so what i'm saying is is what appears to be happening in libya not quite the case is there more going on

barbara seems. well it says what's going on behind the scenes in the report was already out this morning we speculate and i think really what we see here is that you know we see a transitional council to the west. about how it's going to direct the country posted after you and i think that's already counting your chickens for it's hard for a start but it's doing that in many ways actually it's not just doing it's because you know they haven't gotten rid of gadhafi yet they're also doing it with the assumption that this is going to have the backing of the libyan people and that's far from the case especially given the fact that the transitional council is broadly made up of. you know you six months ago were loyal to gadhafi and now speaking from a very different songs she indeed if out those songs she is the new you know people are now trying to impress which effectively. you know western interests finally really quickly how conflict would be tonight the play that it's helping libya to

move to democracy is going world. be concerned about that from the start i mean intervening in a. suffering country and trying to remove him is not a democratic move it's taking the democratic initiative from the libyan people and putting in the hands of western leaders the fact that we now have this rebel council which has only been approved unauthorized by the west and not by the libyan people doesn't give me any sense of kind of hope for this at all and just finally as well as the fact that this council is has a basically meet various demands from the west for example they say extremist ideas will not have any part in libya and future really suggest that what they're doing is giving the west the kind of leadership they want rather than the leadership the libyan people needs and desire to get through this and to bring about a democratic country in libya that doesn't just send out a whole

a vacuum. we saw in iraq another country's trigger for a lot of time a big news or to talk about serve world finance is going to go into that next the padres for now thanks very much ok let's remember denker of course following that tough day on the markets almost everywhere in the world got the latest for you. thanks very much kevin hello and one welcome to business r.t. russian markets took an enormous beating on monday the r.t.s. down almost eight percent nice next five and a half percent is the biggest one day fall in three years versus i've been mirrored in markets around the world traders were reacting to the downgrade of american sovereign debt on friday and concerns over europe's ability to get out of its merits. the situation is clearing nothing short of a panic we have seen a somewhat panicky mood in the market last week and luckily we had forty eight hours a day just the s. and p.

downgrade over the weekend we seem quite volatile session this morning expect to be the market opened quite sharply down that recuperated hard start of the losses and leave the closing still lower and especially usable across the chip universe which is the easiest to get rid of and we have so we have what we observe at the moment is to find it seriously is that we've seen a hedge fund strange appeared in the chip maze and along with these situations trying to pick up some model you place in the second tier universe. so you look at the markets the figures exactly and as i mentioned doxie has down seven point eight percent my sides five and a half percent below one ahau thousand points so it is on the individual movers and most outstanding was telling more than ten percent drop in just one day most liquid stocks blood bank are declining six point three percent one of the few gain is on the market on the day call is gold up just point four percent on rising gold prices

. u.s. markets are still trading down dow jones three percent lower now start more than four percent lower waiting on the indices because most most blue chips are down deep into the red but bank of america down more than eight percent as. their appeal markets ended monday on a an extreme negative note good session in a row of very steep declines with some down three point four percent tax five percent from our. different situation on the commodities market with the gold which is grown another frequent cents over two and a half is that gold is now worth more than seventeen hundred dollars good boy alex . of course investors are shifting to precious metals times of volatility for safe haven. crude prices are lower and this is of course weighing on the russian stocks

in light sweet below eighty three and four dollars per barrel brant one hundred six dollars this hour no confidence in the market as investors are concerned of the future of the market. that's all the business news for now the headlines are next with karen do stay with us for that.

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