in india old geezer made of the. joint be a children's a movie that's the great way to turn the grand imperial truly the george was to school until you can a let's go toe to toe so don't need to go. run to the colonel was the term is used to retreat. britain is on full scale alert and scenes of violence and destruction flare beyond them after three days of clashes between rioters and police. european stock markets are diving out the wall street hits a low not seen since two thousand and eight panic investors abandoned global stocks . and as the u.s. credit downgrade triggered freefall on international markets india claims it's a car that he could actually benefit from the situation.

is three pm in moscow this is r.t. coming to you live from us now with our top story this hour buildings on fire windows smashed and shops ransacked these are the scenes devastating the streets of london police officers and their thousands are deployed to tackle the wall that's next that's now spreading to other cities the prime minister has flown back from his family holiday and is in emergency talks to decide how to deal with the crisis fourteen people have been injured with police making over four hundred and fifty arrests since saturday emergency services have been pushed beyond their limits with london fire brigade saying it's face it the busiest night in recent history argues or emmett is keeping a close eye on the situation. london's burning rises and police take over the capital for a good night as leaches told get yet more areas of london in a spy. cycle of violence

a monday night of violence few signs of abating in practice spread further around the city said here in east london and hackney where right says that car 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 with jobs found in brixton riots says threw rocks at police and in tottenham where it all began the high street is a burnt out show the police the cops and charge the banks 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 yet i am all for australia america you know and it it may just sad 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 with 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 on a fantastic precious or how levels of unemployment then are losing their lives and services youth clubs in place there is never an excuse for violence the community was to call on the warriors and concerns and complaints about the death of park worker or the star witness for tottenham has one of the highest unemployment rates in london clearly 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 you saw violence has become a victim of what prime minister david cameron is now calling fails multiculturalism this. some of the groups. taught these groups. so you know that. there. are more races for the breeze. but. you know something should be done unless these gangs of youths tire of the violence there doesn't seem to be a real reason why this looting should stop it's unlikely the perpetrators have jobs to go to and school's out for the summer london residents clear more on rest on the streets in the coming days the losers aren't making a political point 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 bad as it's been for years and with cuts in government spending looming over the next few years the situation is very unlikely to get any better nor at its forty five maybe something . and we'll be talking to our correspondents in london throughout the day for you meanwhile you can follow all latest developments there on twitter slash party underscore come over on the british committee that deals with national crises needs in the wake of recent developments the home secretary ruled out the use of water cannons and a military presence meanwhile police have so far arrested over three hundred people are tea and school com for more details throughout the day. it was. their limits looters some as young as fourteen have been clearing the shelves of

abandoned shops andrew gilligan from the british newspaper the sunday telegraph says 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 tottenham which is where it all kicked off interviewing people who had lost their homes as a result of these rights and they are 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 in time in the first place and quite clearly what's happening in hackney and. ackerman croydon and all the other places where this order has broken out tonight has absolutely nothing to do with the police shooting of a man ten miles away and it's not anger at all i think it's criminality and people

are taking advantage of what they see is a lawless situation and overstretched police forces to do their worst and help themselves to free goods little is it spreads very quickly this kind of thing we've seen its impact in the arab world we've seen it social media spreading unrest in the arab world probably for the good but here it's spreading exactly the same way arguably for the virus. there are lots of kids on 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 might be able to move faster than 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 london. share your opinion on the u.k. riots by participating in our latest poll or website r.t.e. dot com to contribute to today's topic we're asking what's the driving force behind the u.k. riots so far the most popular response is the display over a colony over

a quarter of you say it's the failure of multiculturalism and some of you think that criminals hungry for. profit and heavy handed policing are to blame. well from trouble on the streets to trading turmoil as european stock markets climate on tuesday after a break falls overnight in the u.s. and a volatile day of trading in asia comes as the european central bank breaks into the markets and in africa to keep the spanish and italian economies from collapse brings us the details now from brussels. this is becoming a blog balls last week was the worst for world markets in years yesterday became known as black monday as shares plummeted and now today has become even worse and even the cheerleaders for the euro all depressed. the european central bank said this is the worst crisis since world war two and it requires quote conventional

measures now central bankers are famous for their calm for being reassured and when you hear someone like that coming out with such radical phrases you want the investors in the markets panicking a he had hoped the european central bank the spanish and italian which no more talk at the moment would help the cause and as you can see the reaction on the stock exchange is. actually the e.c.b. is only the fools closer. to slash spending less money going in to create jobs and things when really the only way out of this crisis is for the countries themselves to make their economies which means putting more in spending more on the economy and creating new jobs barack obama has consulted with the heads of spain and italy which are the latest countries to join the euro storm now economist warn that the united states has a common problem with the eurozone they both have sustainable with no real plan b.

and as our correspondent alex the euro ships reports new countries are being put off from joining the euro. rioting in greece shock waves from the country's economic crisis were felt across the european union shaken international markets worldwide while parts of europe have been teetering on the edge of economic abyss poland has remained stable in the storm along with its currency small tree there is a widespread belief in the country that being outside the euro has helped keep poland well out of trouble here. should we were part of the eurozone then we would have been obliged to help countries like greece and portugal happily help out someone else without solving our own programs it's almost guaranteed a prices would go up that will join the euro zone's which 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 the euro club was seen as something very

exclusive but polls aspired to that they wanted a country to join me now the name of the euro has been so. by the troubles in greece and italy polls don't want to be dragged into this crisis if the government forced the euro issue try to bring poland into the euro zone it could be political suicide poland has fared much better than many of its your partners in the global crisis several countries like greece ireland and portugal are on the brink of disaster party due to a boring binge allowed by your membership and associated low interest rates being outside the euro zone meant who could not join the party but now does not have to hand over poland was meant to have the euro by next year the time when the country is co-hosting the trying to develop european football championship but with the latest developments these plans may be shelved for another four years either you

say poland is obliged to adopt the euro once again it's the economic will so joining but polish boy titian's are now much cooler on the idea. ministers saying they use their own lives to get its house in order first the peace very important for us. the need for institutional changes in rosemont i mean these economic governance of euro zone. crisis management we see some need for changes in the euro zone before. are good they will be. set up they gave has changed in the you look close everyone wants wanted to join we know be the invitation no one wants to accept. let's see russia of steel see it will do for you warsaw in poland. to the us now where president obama's speech in which he declared america but still an economic powerhouse that's fueled a higher sell off on wall street stocks opiate

a new low since two thousand and eight after the u.s. lost its aaa credit rating is going to porton i has more 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 financial crisis all three major u.s. stock indexes plummeted between five and seven percent on monday now 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 u.s. president barack obama of course tried to inject some optimism into the public and into the markets on monday saying that america has been and always will be

a 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 both 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 favre favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history. asian stocks of their ground have to steep drops earlier in the day amid fears the u.s. is heading for recession and india is claiming it's ready to implement fast track reforms to encourage domestic consumption in order to overcome the economic

struggles. has the latest on the financial situation in asia from new delhi. asian markets have been tumbling in reaction to the latest news of the after and 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 your pm countries to handle what's going on in the united states we have india finance minister pranab 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 that 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. bait 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 infocom way they might be able to benefit from all of this. economic spur to come going to income growth and the potential of commodities prices which is always around india's side in the race to make the crisis work in its favor. the medium term growth outlook for india looks robust it's and the eight point two to eight point five percentage range and the strongest indicator for for for that g.d.p. ratio is strong income growth something that the european union doesn't have and that's something that bodes well for the indian economy there are other things as

well if there's a recession in the world as is being talked about that's going to reduce the price of oil and imports a lot of oils that's going to reduce its important bill there are other factors if there's an expected depreciation in the value of the dollar in other words if the dollar weakens and if india's would be therefore strengthens weasely the dollar and simple but will go down as well the risk is somehow whether india can finance its current account deficit because of the general time of the list of version of the fund investors are less willing to invest in emerging markets how does india continued to finance its current account deficit. well arty's business desk is going to be a close watch on the russian stock markets that have been a tell us been throughout the day we can join marina standing by at the business desk what is the market sentiment right now well it's pretty much negative we're seeing a lot of volatility in the russian markets there were deep in their early or in the day but they seem to be rebounding the r.t.s. has come off the mark and it's not heading more towards the worker side well we'll

have all of the latest figures for you in our business bulletin shortly. it's a coming up to eighteen minutes past the hour a look at the world news in brief for you the leader of libya's rebel movement have missed his executive committee in response to the killing of the opposition military chief last month members of the national transitional council libya's highest rebel authorities support reshuffle they said the move was in response to the incompetence surrounding the general's protection and subsequent meanwhile of nato airstrikes continue in tripoli going civil war in libya started over months ago with nato forces joining. the hotel maid who accuse former i.m.f. chief dominique strauss kahn of sexually assaulting her has filed a civil suit against him and if you saw through the yellow seeking unspecified damages claim she was left by the ordeal call and was detained in new york back in

may and was originally placed under house arrest he has pleaded not guilty to charges and has since been released on a million dollars. in the united nations refugee agency has airlifted 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 famine caused by the worst drought in sixty years the first of three planned planes delivered tons of emergency supplies including shelter materials decision was made possible after the local. it's the new school so earlier prevented aid to it's pointed out to shoot more than twenty nine thousand children under the age of five have died in the last ninety days in southern somalia alone. syria's neighbors are turning up the heat on the mask and its crackdown on protesters saudi arabia kuwait and bahrain have recalled their ambassadors from the country turkey's foreign minister has also arrived in syria with

a quote tough message for president this comes as government forces are stepping up their assault on opposition strongholds with tank and artillery fire more than three hundred people have reportedly been killed in syria over the past week the bloodiest in the five month authorising against the regime also earlier pledges democratic reforms but she claims damascus needs more time to implement political analyst patrick hayes 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. 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 guarantor was 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 they're 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 a seems very toys that he almost willing to relinquish. the moment of course 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 his male see him. we have more news on syria on our website our team dot com along with the latest updates videos and blogs here's a taste of what's lined up for you this so-called hacktivists have carried out an attack against the syrian regime by hijacking the country's defense ministry

brightside. in secret tapes of jackie onassis sharing whom she felt was behind her husband's assassination have been unearthed and will soon be released to the public . finally this hour checking in on our top story today the streets of britain of course are bracing for a possible fourth night of violent riots thousands of police are being deployed in cities and suburbs across the country i bet it brings us the latest from london. things obviously got a lot calmer this morning has come a sense of safety but there's no guarantee things won't flare up again tonight like they have done the last three nights because last night certainly in several areas of london the police simply didn't have any control whatsoever there has been some

criticism of the police in the areas they were they did get to in time because saying they're not really doing much the acting police commissioner tim godwin it just came out of a meeting. with the prime minister david cameron of the cobra emergency response group and saying that the police will now be tough but there has been some calls for the use of water cannons and potentially are and the army and troops coming in that stream dismissed not only by him but also by trees and made it home secretary saying that's not how the police in britain make it back and actually doing more harm than good because they were simply outnumbered in making. any brutality would have done more harm than good last night they had six thousand police officers on the streets tonight they go through that with. thirteen thousand so the hope is that will get things under control but that already all the police cells of full in

london over four hundred fifty arrests have been made and so it's being taken out of london to cells that are free in areas outside of the capital. having to bring in more police officers simply to try and get the situation under control. could bring you regular updates on what's happening in the british capital as expected expectation these riots will continue and it's now time for the latest business update with stay with us. hello and welcome to business here on artsy and merging markets are plunging to their lowest levels in months and the flammable kok sell over u.s. credit downgrade and the eurozone debt crisis it's promising a broad sell off of all financial markets russian equities are among the worst performers and they are in the freefall this hour saff earth reports from the headquarters of the r.t.s. stock exchange. well it seems to just keep getting worse harris second day of

losses they follow it is also his day of trading yesterday russian markets continuing today's diet it was saying much the same story across the european markets i think that the dumb thing never discusses looking for a safe place to put that money you know what was thinking to kili affecting russia is that the oh i'm going situation in the us and throughout the year is a has continued to weigh down on the oil price that's really having quite tame pags only way that it makes is here in the country and we see the markets reacting to standard imposed decision over the weekend to downgrade the u.s. one notes of a aaa rating that's really had a very negative impact in interventions by the political leaders that we think try and stabilize the market cap and have opposed to the it take for you to the european central bank going to prop up its lead in spain and step in there to stabilize the situation president obama trying to calm the markets called investors

by saying that he still considers america chicle a very tense country whatever the ratings agency may has that could investors on necessarily buy not there's still a lot of uncertainty here and we will thing that continuing today is things that go to tell it in turbulence really remains the name of the game. to look out the markets now and the latest figures and grow shoulders is the sign over rebounds as the r.t.s. has come up to eight percent markets now trading close to five percent although my sense is the host suso the true measure of a conservative on the next hour let's take a look at some of the little service on the my sax and our two majors on the soft losers cast from arrows last post on the rise in the transistor precious metal mind of not so it's going to offer a few sun supporters far from her home. gold prices. in european markets are also

regarding from their lows that one point the footsie falls below the five thousand point mark for the first time in over a year the footsie is now losing over a percent while the dax is down soup point three percent. and there's a stock suppose in there right after the sell off on wall street ten sang lost more than five and a half percent on the moment the worst performers more banks and exporters bank of china was down over six percent of all sony lost over four percent. and gold has hit a new record high for the second day there as investors look for safe haven assets but silver is making out all systems in the round morning and there are signs. prices are down to the lowest level in more than eight months in oil they said fifty percent since the start of august wait by fears that they come up with coverage and they realize this sort of rough patch set of them poised downgrade of

the u.s. that alone sent prices down by six percent on monday. the russian ruble is reflecting what's happening in the oil markets fall into a seven month low against the dollar and this kind of all going around thirty roubles to the dollar analysts say suggests the brushing government now the managed devaluation. if b. the c. is a. decreases the price of oil and the object is not the buttons not even by the prizes for hundreds of dollars. so the government should find out some ways to finance this deficit and a true dividend in the same. moment fulfillment so you can begin to. set the font for the gold if you give the budget maybe ten fifteen percent of additional. income. that's all the business news for now dmitra will have the next update for you the last time and hour in the meantime stay tuned for the headlines

from the south. to. bring you the latest in science to take knowledge from the realms. we've done the future coverage.