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 haven't pushed beyond the limits of london fire brigade saying its face is the busiest night in recent history. is keeping a close eye on the situation. london's burning rioters and police take over the capital for a third night as target yet more areas of london in a spiraling cycle of violence on monday night the violent few signs of abating in fact it spread further around the c.c.c. in east london in hackney where right to set fire to cars and tried to break into more shops meanwhile terrified residents of london could do nothing but call the police seal off the streets and treat whole areas as crime scenes with local communities trying to come to terms with the wave of looting and gophering north

east and south london in enfield wages looted shops making off with whatever they could carry in nearby edmonton a man with south in brixton riots says threw rocks at police and didn't know where it all began the high street is a burnt out shell the police the job center all 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. you know and it it just sad that it's the it's the poor people that's suffering it was sparked by the fatal shooting by police of this man mark duggan tottenham once on says about why and how he was killed but his shooting was just the spark in an exceptionally draw a tinderbox. have long been simmering with resentment to. it's the police

towards social injustice and towards unemployment this is a community which is a fantastic precious farhad levels one a ploy moment. jaw still isn't clubs have been closed there is never an excuse for violence but the trinity is a two in the box the war isn't concerns and complaints about the death of where the questions are far tottenham has one of the highest unemployment rates in london particularly among the young black people of far more likely to be stopped and searched by police than whites and together with hackney brixton walthamstow and lewisham which also still violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers some of the groups. these groups. you know the.

sports. on the races. but. 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 have jobs to go to and school's out for the summer london residents fear more unrest on the streets in the coming days the losers on 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 feeling is and with cuts in government spending looming over the next few years the situation is very unlikely to get any better nor at its r.t. hackney east london. and we'll be talking to our correspondents in london

throughout the day for you meanwhile you can follow all the latest developments there on twitter slash our team underscore tom cole the british committee that deals with national crises needs in the wake of recent developments home secretary ruled out the use of water cannons and a military presence meanwhile police have so far arrested over three hundred people are going to underscore com for more details throughout the day. with police stretched beyond their limits looters some as young as fourteen have been clearing the shelves of abandoned shops and you go again from the british newspaper the sunday telegraph was just one of many victims of the five or so. i was and i was mugged i was pulled off my bike and my bike was stolen by. on the way to the studio about forty five minutes ago i spent most of the day in tottenham which is where it all kicked off interviewing people who were lost their

home 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 tottenham in the first place and quite clearly what's happening in hackney and. croydon and all the other places where disorder 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 pure 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 some of these spreads very quickly this kind of thing we've seen it in fact in the arab world we've seen it social media spreading unrest in the arab world probably for the good there but here it's spreading exactly the same way arguably for the bat.

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 you can log on to our website r t v 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 economy 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 the european stock markets plummet on tuesday after a break falls overnight in the u.s. and a volatile day of trading in asia this comes as the european central bank breaks into

the markets in an effort to keep the spanish and italian economies from collapse then brings us the details now from brussels. this is becoming a blood balls last week was the worst for. you yesterday became known as black monday plummeted to day has become even worse and even the cheerleaders for the euro all depressed. the european central bank said this is the worst crisis since. and it requires quote unconventional measures no central bank has a famous big call for being reassured and when you hear someone like that coming up with radical phrases you want the investors in the markets upon making. the european central bank boy a spanish italian which wants to talk to the moment with the president as you can see the reaction on the stock exchange is. actually for. what the e.c.b.

is doing is only bringing defaults closer is forcing e.u. states to slash spending less money going in to create jobs and build things when really the only way out of this crisis is for the countries themselves to grow out of it with their economies which means putting more and spending more on the economy and creating new jobs now barack obama has consulted with the heads of spain and italy which are the latest countries to join this euro storm now economist warned that the united states has a common problem with the eurozone they both have unsustainable bets with no real plan b. and as our correspondent alex king reports new countries are being put off from joining the euro and. writing 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 goldman 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 keep poland out of trouble here. if 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 that the prices would go up but we are still in the euro which would damage my business recent opinion polls suggest that more than sixty percent of spalls 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 poles aspired to this they wanted their country to join the euro now the name of the euro has been sullied by the troubles in greece and italy poles 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 greater than many of its e.u. partners in the global crisis several countries like greece ireland and portugal are on the brink of disaster or did you to a boring binge of membership and associated low interest rates being outside the eurozone members who joined the party but now does not have to go over. by next year the time when the country is co-hosting the twenty twelve european football championship but with the latest developments these plans may be shelved for another four years e.u. rules say poland is obliged to adopt the euro once it needs the economic rules to join you but both are now much cooler the idea with ministers saying the user needs to get its house in order first appears very important for us. the need for institutional. governance a few of those on. crisis management. need for

the euro zone before. target date. set up the game has changed in the you everyone once wanted to join me now would be the invitation no one wants to accept. let's say we're sure of state party it will do for your soul. to the u.s. now where president obama's speech in which he declared america still an economic powerhouse that's fueled a higher sell off on wall street stocks have hit a new low since two thousand and eight after the u.s. lost its aaa credit rating are just going to porton i has more from new york. market reaction to the historic downgrade of america's credit are short in the worst day on wall street since the two thousand and eight financial crisis all three major u.s. stock indexes plummeted between fall. 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 now the 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 our aaa economy he says that washington's problem is not a lot 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.

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. asian stocks have gained ground onto 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 us 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 path 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 they're saying a chinese newspaper recently said that the united states really needs to move away from borrowing its way out of its massive 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 film way they might be able to benefit from all of this. economic spread. income growth and the potential slide of commodities prices such as oil or on india's side in the race to make the crisis work in its favor. the medium term growth look for india looks robust it's in the eight point two to eight point five percentage range strongest indicator for for. strong income growth something that the european union doesn't think. that's something that bodes well for the you know because 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 do imports a lot of words that's going to reduce its import. so there are other factors if there's an expected depreciation devalue the dollar in other words if the gold the weaker it. goes will be there for strengthens the simple as well the risk is. whether india can find out it's going to go deficit because of the general part

of this version that. investors are less willing to invest in emerging markets how does india continue to finance its going to go. well arty's business desk is keeping a close watch on the russian stock markets that have been in a towel spin 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 there at earlier in the day but they seem to be over bet on doing the r.t.s. has come off the eight percent mark and it's not heading more towards the four percent but we'll have all of the latest figures for you in our business but that's shortly. it's a coming up to eighteen minutes past the hour a look at some 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 the reshuffle they said the move was in response to the incompetent surrounding the general's protection and subsequent death meanwhile nato airstrikes continue in tripoli going civil war in libya started over four 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 a few. seeking unspecified damages claim she was left humiliated by the ordeal 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 the. million dollars a barrel. and 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 and was made possible after the local islamist groups earlier prevented aid to the. 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 damascus to end 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 also and 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 two week the bloodiest in the five month uprising against the regime also earlier pledged democratic reforms which he 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 trusted in his promise is a true diplomatic consideration is no longer. there clinging on. with even so in a very tired way there is a sense from assad to really be eased by which he started to say this is the end of you know single policy rule and he will start to think about elections and the way in which you previously portrayed. it's himself and his policy is the only guarantee of syrian stability but he's now talking about major constitutional reforms 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 toys that he 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 smirk is now seeing. we have more news on syria on our website r t dot com along with the latest updates videos and blogs here's a taste of what's lined up for you the so-called hacktivists have carried out an attack against the syrian regime by hijacking the country's defense ministry website. and 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 and with daylight 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 but 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 of with the prime minister david cameron 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 in the army and troops coming in that's been dismissed not only by him but also by trees in may the home secretary saying that's not how the police in britain they fear that that could actually do more harm than good because last night 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 as they go through that with thirteen thousand so the hope is that will get things under control but but already all the police cells of full in london over four hundred fifty arrests have been made and so new suspects are being taken out of london to cells that are free in areas outside of the capital. as i say they're going to bring in more police officers typically to try and get this situation under control. to bring your regular updates on what's happening in the british capital as it's expected expected these riots will continue it's now time for the latest business update with stay with.

hello and welcome to business here on artsy and we're just markets are plunging to their lowest levels in months and the flammable cocktail of a u.s. credit downgrade and the eurozone debt crisis is prompting a broad sell off on 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 here a second day of losses they follow a disastrous day of trading yesterday russian markets continuing today's dive head was saying much the same story across the european markets as investors the dumb thing there it's just it's looking for a safe place to put that money you know what was thinking to kill a affecting russia is that this oh i'm going situation in the u.s.

and throughout the year i say has continued to weigh down on the oil prices that's really have been quite tame pags only way to make is here in the country i know we've seen the markets reacting to the standard imposed decision over the weekend to downgrade the u.s. one notch visit aaa rating that's really had a very negative impact in interventions by the political leaders that we seem to try and stabilize the market have and have to close to the fact that it's a full we still the european central bank going to prop up its lead in spain and step in that to stabilize the situation president obama trying to calm the markets calm investors by saying that he still considers america checkable a rated country whatever the ratings agency may have said but investors are necessarily buying that there's still a lot of uncertainty here and we think that continuing today is things that volatility in turbulence really remains the name of the game. and let's take

a look at the markets now and the latest figures and brochure others to sign over rebalance as the r.t.s. has come up to eight percent markets now close to five percent although my sex is down close to two so that could change of we could see a rebound next hour let's take a look at some of the little sure moves on the my sax and our two majors on the top losers and gas from m. ross last post deep in the red but in the transistor precious metal i know not so extend all four percent supported by a record high. gold prices. and european markets are also rebounding from their lows at one point the footsie fell 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 two point three percent. and there's a stock's close in there right after the sell off on wall street tang sang lost more than five and a half percent on among the worst performers more banks and exporters bank of china

was down over six for science while sony lost over four percent and gold has hit a new record high for the second day there as investors look for senate haven assets but silver is making a last news in the round one and one percent. prices are down to the lowest level in more than eight months in oil they have not said fifty percent since the start of august wait by fears that they come with the coverage and they realize this sort of rough patch some of them poised downgrade of the u.s. that alone sent prices down by six percent on monday. the russian ruble is reflect on what's happening in the oil market that's fallen to a seven month low against the dollar and this kind the whole ring around thirty of rubles to the dollar analysts say suggests that the russian government now the a managed devaluation if we see it is that. the decrease is

a prize or four and bob that is not the bet and it's not even by the price of one of those. so the government should find out some ways to finance is that is the end of the debate in the fall. the closer we get so if you can really believe. that you want to go that it really gives a budget maybe ten fifteen percent of additional. income. that's all the business news for now dmitra we'll have the next update for you in the last in the hour in the meantime stay tuned for the headlines within the cell.

bringing you the latest in science and technology from the realms. we've done the future of coverage.

there are two lines from moscow on these now with our top stories britain is on a full scale alert as scenes of violence and destruction flared beyond london after three days of clashes between rioters and police the prime minister has a concert of his holiday to hold emergency government talks on how to deal with the mayhem. european stock markets are diving after wall street hits a low not seen since two thousand and eight conics investors abandon global stocks of the day even a euro crisis is fueling antagonism towards the single currency. america's latest economic slump comes despite a public message of defiance from president obama but as the u.s. credit downgrade triggers freefall on global markets india claims its economy could actually benefit from the situation. next is the.