the moviegoer the joint be the children's the i love you this is the great great it's the grand imperial. george weston to school until you can know what's matilda closure which suggested to go and. read this in the can it was neutral as used to retreat. britain is on full scale alert as scenes of violence and destruction a flare beyond london after three days of clashes between rioters and the police. european stock markets are diving after wall street hits a load not seen since two thousand and eight as part of divestitures abandoned global stops. plus as the euro zone tries to whether its economic storm of poland shelving of plans to adopt the single currency highlights a broader european desire to stay out of the euro crisis.

it's one of pm here in the russian capital you're watching our team now buildings on fire windows smashed and shops looted these are the events devastating the streets of london as police officers and their thousands are deployed to tackle the lawlessness now spreading to other cities are lower and it is keeping a close eye on the situation. he plugs in where the streets are full of police i'm told the streets are full of riots as that loot is just about a hundred meters behind me a car is on fire the harris police quit smoking you might be able to hear the police helicopters circling above me as police try to get control of the situation there are about one hundred fifty people in the street just around the corner we went down there but we just that it was too dangerous to stay and it's not just here in hockney that has been violence in brixton big parts of kreutzer on fire and we're hearing that the violence is also spread writes to forming that there are all

sorts of people on the streets here but it is no it's the big perpetrated by ethnic minorities that have to be said by those who look to god rest and this is certainly the worst violence that we've seen so far it hasn't been confined to the hours of darkness at this as i say has been going on for three nights so i mean business take the parts of london that had been affected and here's my report from. london's burning rioters and police take over the capital for a third night as looters target yet more areas of london in a spiraling cycle of violence on monday night a violent shoot a few signs of abating in fact it spread further around the city said here in east london in hackney where rioters set fire to cars and tried to break into more shops meanwhile terrified residents of london could do nothing but no court and police sealed off streets and treat whole areas as crime scenes with local communities

trying to come to terms with the wave of looting and go thing north east and south london in enfield looted shops making off with whatever they could carry in nearby edmonton a man was stopped south in brixton riots as threw rocks at police and in tottenham where it all began the high street is a burned out shell the police the chops and char the bags. everything that's happening the recession you know there's a lot of anger about that no jobs nothing for the youths to do so yes i don't look out for australia america you know and it exists that it's not it's the poor people that's suffering it was sparked by the fatal shooting by police of this man mark duggan tottenham once own says about why and how he was killed but his shooting was just the spark in an exceptionally dry tinder box tottenham and other london boroughs have long been simmering with resentment towards the police towards social

injustice and towards unemployment this is a community which is around fantastic pressures are high levels of employment then are losing their lives and services youth clubs are being closed there's never an excuse for bars it's the trenches hitting the courts the war isn't concerns and complaints about the type of work program or the spark which just for tottenham has one of the highest unemployment rates in london particularly amongst the young black people are far more likely to be stopped and searched by police than whites and together with hackney brixton walthamstow and lewisham which also saw violence it's become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers are some of the best mc groups. taught these groups into sure kids are you sure you know that put all the great.

spirits of. english warriors on the races or any means. but i couldn't bring you know something should be done unless these gangs of youths tire of the violence that doesn't seem to be a real reason why this looting should stop it's unlikely the perpetrators. jobs to go to and school's out for the summer london residents fear more unrest on the streets in the coming days delusive aren't making a political points and hardly anyone in these communities supports them but many are saying that there actually is a political point that social integration in parts of the country is deplorable social mobility is nil and the relationship with the police is that bad as it's been for years and with the cuts in government spending looming over the next few years the situation is very unlikely to get any better. or to the east.

while a team of our correspondents is currently in london green you the most recent updates on the situation on our twitter account you can follow all the developments there out of twitter slash r t underscore can call brother british to believe that deals with the national crisis the break of recent developments the home secretary ruled out the use of water he said the military presence meanwhile we have so far arrested over three hundred people again you can log onto our to underscore part. are with police stretched beyond their limits and looters some as young as fourteen have been clearing the shelves of shops andrew gilligan the british newspaper the sunday telegraph was just one of many victims of the violence i was i was mugged i was pulled off my bike and my bike was stolen by. it's. on the way to the military about forty five minutes ago i spent most of the day in

scotland which is where it all kicked off in seeing people who would lose their homes as a result of these riots and male furious with the writers they say that what happened to mark duggan the man who was shot by police is absolutely no excuse at all for what happened to them they blame the police for not being quick enough to contain the trouble and stop them in the first place and quite clearly what's happening. croydon and all the other places where this order has broken out tonight has absolutely nothing to do with the police shooting them ten miles away and it's not anger it's all i think it's criminality and even taking a grown to age of what they see is a lawless situation and overstretched police forces to do their worst and so it's a pretty good. spreads very quickly this kind of thing we've seen it's in fact in the. social media spreading unrest in the arab world probably for the good to be here it's spreading exactly the same way arguably for the. lots of.

blackberries and instant messaging and twitter and all the rest of it spreading the word about where the next rock is going to be and they won't be able to move from us to the police i think perhaps i mean if this carries on like this it is quite worrying to seem to be breaking out in four or five different parts of. i can share your opinion of the u.k. riots by participating in our latest poll just log onto our web site r t dark car the contribution of today's topic and we're asking you what's the driving force behind the u.k. riots so far the most popular response is the dismay over the economy a quarter say it's the failure of multiculturalism and some of you think that criminals are good for profit as well as heavy handed policing to brain. moving to america now where the stock markets are in freefall as investors rush out in reaction to the u.s. losing its aaa credit rating and that's despite president obama's speech in which

he declared america was still an economic powerhouse or has more now from new york . market reaction to the historic downgrade of america's credit are sure it is the worst day on wall street since the two thousand and eight presidential crisis all three major u.s. stock indexes plummeted between five and seven percent on monday. all of this coming just after standard and poor's downgraded the u.s. credit kicking america out of the triple a club this is already creating a climate of uncertainty or increasing this climate of uncertainty and lack of confidence among investors when they look to the stability of the u.s. economy the u.s. president barack obama of course try to inject some optimism into the public and into the markets on monday saying that america has been and always will be our aaa

economy he says that washington's problem is not a lack of policy or plans but a lot of lack of political will and he says many lawmakers have been insistent on drawing lines in the sand and now it is urgent for all parties to come together to come up with a long term approach on how to reduce the deficit in the u.s. the u.s. has a debt of fourteen point three trillion dollars and growing and at this point many investors as we saw on monday are selling now and asking questions later clearly the markets have not been reacting favor favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history a later we visit one american city that highlights the devastating consequences of an investor retreat once of closing urban search area is now an abandoned with more than half of the population running away from national despair.

asian markets have been hammered amid fears the u.s. is heading for a recession but india has reacted with optimism saying it's ready to implement a fast track reforms so encouraged us to consumption and withstand the economic struggles are bringing us the latest on the financial situation in asia from new delhi. asian markets have been tumbling in reaction to the latest news of the n.p. downgrading of the u.s. economy but actually many politicians and many analysts in india think that this country will only be affected in the short term by what's happening in that they're actually better equipped than many western countries especially yorkie in countries to handle what's going on in the united states we have india finance minister prime mukherjee coming out and saying that this is only going to be really a short term impact analysts are thing that the bric countries will in the long term be last the fact that by what's happening in the united states but actually if

investors move if they continue on this risk aversion and move away from u.s. treasury bonds they might actually feel more comfortable investing in these emerging markets like china and india china has taken a much stronger stance on what's going on they've called the u.s. debt debate immoral and irresponsible and their thing a chinese newspaper recently said that the united states really needs to move away from borrowing its way out of its messes but india on the other hand has had more of an optimistic response to what's going on than china and they're really hoping that in fun way they might be able to benefit from all of this. of course archie's business desk is keeping a close watch on the world's markets let's cross over to marie now so how are a russian stock markets responding this hour thoughts or so there was a sign of a rebound earlier in the day but the markets have since nose dive deep into the red

and the arts yes actually moves in six percent this hour oh my sex is down four percent but we have all the latest figures for our business bulletin later in the program all right well we'll see you very shortly there thanks. for the european stock markets are plummeting on tuesday after a big falls in asia and the u.s. and as the euro zone members join forces to save their common economy one in you state is happy isn't bailing out the single currency poland was supposed to adopt the euro next year but those plans are now on ice with warsaw eager to stay out of the crisis artie's alexia shares he reports. rioting in greece shock waves from the country's economic crisis were felt across the european union shaking international markets worldwide while parts of europe have been teetering on the edge of economic abyss bully has remained stable in the storm along with this currency. there is a widespread belief in the country that being outside the euro has helped poland

out of trouble. if we were part of the euro zone then we would have been obliged to help countries like greece and portugal. someone else without solving our own problems it's almost guaranteed that prices would go work to join the euro zone damage my business recent opinion polls suggest that more than sixty percent of balls want to keep their own currency a dramatic turnaround from just a few years back a few years ago the euro was seen as a euro club was seen as something very exclusive polls aspired to this they wanted a country to join the. good name of. by the troubles. greece and italy posed. this crisis if the government forced the euro issue try to bring poland. could be political suicide poland has fared much better than many of its e.u. partners in the global crisis several countries like greece ireland and portugal

are on the brink of disaster partly due to a boring binge allowed by your membership and associated low interest rates being outside the euro zone member could not join the party but now does not have the hangover poland was meant to have the euro by next year at the time when the country is co-hosting the trying to twelve european football championship but with the latest developments these plans may be shelved for another four years you all say poland is obliged to adopt the euro once it meets the economic rules of joining but polish politicians are now much cooler on the idea with minister saying the eurozone needs to get its house in order first place very important for us. the need for institutional changes. in euros will i mean these economic governance of eurozone. crisis management changes we see some need for

change in the euro zone before. target date and cain said the game has changed and the euro club everyone once wanted to join may now be the invitation no one wants to accept let's. see reporting from warsaw in poland. now let's look at some other top news from around the world the leader of libya's rebel movement has dismissed his executive committee in response to the killing of the opposition military chief last month members of the national transitional council this libya's highest rebel authority support the reshuffle they said the move was a response to the incompetence surrounding the general's protection and subsequent meanwhile nato airstrikes continue in tripoli the ongoing civil war in libya started over four months ago with nato forces joining in march. the hotel maid who

accused former i.m.f. chief dominique strauss kahn of sexually assaulting her has filed a civil lawsuit against him. who is seeking on specified damages claim she was left humiliated by the ordeal god was detained in new york back in may and was originally placed under house arrest well he has pleaded not guilty to the charges and has since been released on one million dollars. the united nations refugee agency has their lifted humanitarian aid into the war torn capital of somalia for the first time in five years it comes as the country battles with a devastating drought it caused by the worst drought in sixty years well the first of the reply planes delivered tons of emergency supplies including shelter materials and shipment was made possible after a local islamize groups who earlier prevented a deliveries pulled out from mogadishu more than twenty nine thousand children under the age of five have died in the last ninety days in southern somalia alone.

now syria's neighbors are turning up the heat on damascus to end its crackdown on protesters saudi arabia kuwait and rain have recall their ambassadors from the country and turkey's foreign minister has also arrived in syria with a quote tough message for president assad this comes as government forces are stepping up their assault on opposition strongholds with tanks and artillery far more than. three hundred people have reportedly been killed in syria over the past week but bloodiest five month are rising against the regime. pledged democratic reforms which he claims damascus needs more time to implement political analyst patrick pace thinks the president is on the verge of stepping down from power. 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 diplomatic consideration is no largely absent in assad's regime they're

clinging on to 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 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 guarantors of syrian stability but is now talking about major constitutional reforms i mean really there's a real uncertainty about what he's trying to do there very isolated they don't really know where they go into a kind of stuck between a rock and a hard place they don't know what to do but the sense i get from assad is that he seems very tied that she almost willing to relinquish power at the moment but i think there's a reluctance to want to relinquish power because i suspect he is very worried he will meet the same treatments that some of barack is now seeing. well more news on syria for you on our website r t daughter called along with the latest updates

videos and of blogs and here's a taste of what you'll find there right now the so-called heart of this have carried out an attack against the syrian regime by hijacking the country's defense ministry website. and a secret tapes of jackie onassis sharing who she felt was behind her husband's assassination have been on earth and will soon be released to the public. now american financial struggles have left many wondering how much worse things could get in the future but for us towns already going through economic hardship a new blow could be too much to handle are these an associate sure can i visited one such city. this is america's ghost town. just twenty five miles from

downtown chicago gary indiana dubbed the symbol of urban blight by some compared to a post about you wish i'm sure noble by others it is a sad thing really is. very depressing. when you see something like this in this kind of condition to just continue to be continue to fall apart this is the city methodist church built in the one nine hundred twenty s. first a place of worship leader a community center it is now at the forefront of gary's decline were used to be a symbol of architectural might and brought the people of gary together is now an enormous space filled with ruins where the only form of life for the pigeons that flying through the walls and the ceilings urban explorers historians and architects are saying that the chances of this place ever being rebuilt are close to zero so it looks likely that this place as well as many others throughout gary are on their way to completely seizing to exist. founded by u.s.

steel corporation in one thousand and six the town of gary once with manufacturing jobs and competition from overseas led to a ninety percent cut in the workforce and one industry urban center came crumbling down once the steel plant. for its loss of thirty thousand jobs. that meant that the population. of the revenues for the city would go down and so that it celebrated a sort of snowball gary's population has been cut by half as many fled in search of work it is now almost exclusively african-american over eighty four percent up to one third are poor in one of the top ten most dangerous cities in america twenty nine alan has had no work for three years there's really no. job or. you know the pain as i was looking forward to the game is still here the downtown

area is now no town the main commercial street and urban desert your shots windows locked mom and pop shops abandoned growth businesses are strip clubs and. truck stop meeting places city hall stands right across from a former hotel a haunting sight during barry's peak years places like this would become a temporary home for out of towners visiting this place the hotel is now deteriorating there are no windows left and the police cars outside making sure squatters don't get in there's no other hotel left in this town there are no investments flowing into this area nowadays instead there is only hopelessness building up to make me say this. is like it's like. well i think it would be best if i relocate you know the way i. read it here you know there are bright completely there is not much to be found elsewhere either

well gary is a symbol of collapse industry has been dying all across the u.s. promises of a manufacturing revamp are all the rage places like this are being a race from the map of america and there's a target. gary indiana will have more of the day's news headlines in our special report coming up but first this business news with me. hello and welcome to business here on artsy emerging markets are clients to their lowest levels in months the toxic combination of u.s. credit downgrade and the euro zone that crisis is prompting a broad selloff in financial markets russian stock exchanges were among the worst performers on monday with the arts yes there's an eight percent and the my six over a five percent well let's not cross live so it's the saf earth was at the headquarters of the arts yes stock exchange hello to sara now bring us the update

for this hour. well it seems to just keep getting worse harris second day of losses stay for fallujah dissolved this day of trading yesterday russian markets continuing to nased hit with ing much the same story across the european markets as investors the dumping never discusses looking for a safer place to put that money you know what was think particularly affecting russia is that the own great situation in the u.s. and throughout the day has continued to weigh down on the oil price is not really having quite an impact on the oil and energy mage's here in the country and now we see the markets reacting to the standard imposed decision for the weekend to downgrade the u.s. one knowledge of a aaa rating that's really had a very negative impact in interventions by the political leaders that we think to try and stabilize the market have been to have proposed to the fact that was paid for we saw the european central bank going to prop up its sleeve in spain

stockinette to stabilize the situation president obama trying to calm the markets calm investors by saying that he still considers america aaa rated country whatever the ratings agency may his that is that investors are necessarily buying that there's still a lot of uncertainty here and we will thing that continuing today being said volatility in turbulence really remains the name of the game. all right thanks for the update now let's take a look at the markets and the latest figures erosional there was a sign of a rebound. of the arts yes is over seven percent while my sex is losing almost five percent this hour let's have a look at individuals for moves on the my sex partner two majors are the top losers are also left are poles deep in the rock go through supporters' gold is also trading and negative territory despond go prices surging through record highs of

the. tell you about those in the cycle of let's take a look at european markets they have reversed their earlier gains then are heading south the footsie fell below the five thousand point mark for the first time in over a year the footsie is now losing three and a half percent while the dax is down almost five percent it's. been a sell stocks closed in the red after the sell off on wall street's hang son lost more than five and a half percent and among the worst performers were banks and x. waters bank of china was down over six percent and so only lost over one percent. gold though has set a new record high for the second day in a row as investors look for safe haven assets but silver is making a law says it's now losing the su and a half percent it's a different picture though with oil prices are down to the lowest level in more than eight months all prices have shot fifteen percent since the start of all this

way by fears that the economic recovery in the u.s. has sent a rough patch slamming them or as downgrade all of us that alone sent prices down by six percent on monday. well major b.p. is taking this russian shareholder and that's. peachy quartz commerce and they live reports that b.p. has charged one of its russian partners right of a group of breaching the shareholder agreements under the agreement shareholders must include the others in any ventures in russia and ukraine which holds twelve and a half percent of seeing here between shares is currently operating its energy assets in both countries alone for its part renault us says it's ready to defend itself in courts. these russian shareholders have earlier belonged to share swap deal between b.p. and also left. and that's all the business is for now the headlines are next to tessa.

we'll. bring you the latest in science and technology from the realm of russia. we've dumped a few jerks coverage.