in india she's afraid of the. joint t.v. children's movie that's because we go to the grand imperial truly the socialist. the let's go to wish list which says don't need to go on a clear road this is the kind of those which is used to retreat. chaos reigns outnumbered and be really good police struggle to restore order in major british cities not in a spiral of violence and looting. europe prob bankers says the continent is going through the worst financial crisis since world war two prompting some nations to halt their plans to adopt the crippled euro. and european stocks are volatile following the biggest slump in the u.s. for years amid fears the downgrade of america's credit rating could worsen the slowdown of the world's biggest economy.

but from our headquarters in central moscow you're watching our team with me and he said now wait it's four pm here in the russian capital one pm in london where the random violence which is gripped the british capital for three days spread like fever across the u.k. overnight leaving a trail of destruction smashed windows looted shops and thousands of cars on fire in a number of cities all sparked from what was initially a peaceful protest over a police shooting in south london bennett is following the story. 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 the word to describe it is lawless it was complete mayhem in places like ealing in west london clapham in southwestern

croydon in the southeast where it was widespread looting buildings and vehicles being set on fire when i say the police didn't have any control for example in clapham they weren't there for over an hour in the looters and they used to have to have a free run of the main department store there for well over an hour and all the shops in the main high street was smashed in and just and ransacked really and. now people were just taking what they could mobile phones trainers and things like that and there has been. some real shock five residents in that area who are speaking to me last night they're saying how can this happen here that's quite an affluent suburb and they thought they were out of the trouble they're. in think they would be affected but it just nowhere is safe at the moment from this trouble because last night the police we didn't have much control there has been some criticism of the police last night they had six thousand police officers on the streets tonight they get that out and so the hope is that will get things under control but that

already all the police cells are full in london over four hundred fifty arrests have been made and so it's being taken out of london to cells of the free in areas outside of the capital. having to bring in more police officers to the. situation under control for more on the possible causes of these riots in london here's my colleague laura emmett who is in east london last night london's burning riot is in police takeover the capital for a third night as leaches target yet more areas of london in a spiraling cycle of violence on monday night a pilot shoot a few signs of abating in fact it spread further around the city say here in. slugs in hackney where writers set fire to cars and try to break into more shops meanwhile terrified residents of london could do nothing but according to police seal off streets and treat whole areas as crime scenes with local communities trying to come to terms with the wave of looting engulfing north east and south

london in enfield rages looted shops making off with whatever they could carry in nearby edmonton a man with stopped south in brixton riots says threw rocks at police and in tottenham where it all began the high street is a burned out shell the police the chops i'm sorry 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 yeah i did our first race in america you know and it it it is 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 on 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 a fantastic precious they have levels of unemployment then are losing their lives and services he's clubs have been closed those never an excuse for war it's clear to the to the courts the war isn't concerns of trying to protect the bottom or the star ship or for tottenham has one of the highest unemployment rates in london particularly among 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 is. become a victim of what prime minister david cameron is now calling failed multiculturalism this bearers of some of the groups. these groups interest. you know that. there

are you. all know a racist or they've. got a good rate 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 clear more unrest on the streets in the coming days delusive on 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 bad as it's been thing is with cuts in government spending looming over the next few years the situation is very unlikely to get any better nor at its core to me is love that.

there are a lot of days on the chaos in the u.k. on our twitter feed at r.t. underscore chrome here's the latest tweets from our correspondents working out the scene commits war but we still want to riot but without briefing on measures they can use they'll still be hamstrung driving through london riots armored vehicles deployed on streets are yelling and you can also you can log on i should say to our twitter page at r g underscore com and keep an eye on the best videos on our you tube channel throughout the day.

british prime minister david cameron has called the riots pure criminality and speaking after a meeting of the country's emergency committee he promised that looters will face the full force of the law of the telegraph's andrew gilligan was one of many caught up in the lawlessness. i was not there i was pulled off my bike and my bike was stolen by. i spent most of the day in scotland 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 lewisham and pak 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 in north london it's purely up it's purely opportunistic 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 force to do their worst and help themselves to free goods in italy as it 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 band and there are lots of kids on blackberries 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 perhaps even more. well we want to know what you think on our website we're asking what's driving force

behind the bryants in the u.k. so far the majority blame it on the struggling economy and the failure of multiculturalism in europe there's really it's criminals trying to grab anything they can and the brass think it's the result of heavy handed police state altering the discussion have to say drop us a line at our t. dot com. now from the crisis on the streets of britain to the crisis in the global markets now european shares have plunged as the e.u. central bank chief warns the region's financial system isn't the worst crisis since world war two that's despite the banks starting to buy government bonds from spain and italy they're struggling economies our europe correspondent daniel bushell has the details. this is becoming a blog balls last week was the worst for. years yesterday became known as black monday shares plummeted the day has become even worse and even the cheerleaders

from the euro all depressed. the european central bank said the this is the worst crisis since world war two and it requires quote unconventional measures now central bankers the famous for the calm of being reassured when you hear someone like that coming out with such radical phrases. investors in the markets a plan making he had hoped the european central bank boy or a spanish and italian did which no one wants to touch at the moment would help but it doesn't as you can see the reaction on the stock exchange is experts actually fear what the e.c. is only closed it's forcing e.u. states to slash spending less money going to create jobs and build things when really the only way out of this crisis is for the countries themselves with their economies which means putting more in spending more on the economy and creating new jobs and. barack obama has consulted with the heads of spain and italy which are

the latest countries to join this euro storm now economists warn that the united states has a common problem with the eurozone they both have unsustainable was no real plan b. and as our correspondent alex a euro shift reports new countries are being put off from joining the euro. while parts of europe have been teetering on the edge of economic abyss poland has remained stable in the storm along with this currency this multi there is a widespread belief in the country that being outside the euro has helped keep poland well out of trouble. 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 problems it's almost guaranteed that prices would go up if we join the eurozone which would 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 scene or something very exclusive polls aspired to this they wanted a country that. 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 tried to bring. home. 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 meant it could not join the party but now it does not have the hangover poland was meant to have the euro 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 you rule say

poland is obliged to adopt the euro once it meets the economic rules for 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. i mean the economy governance a funeral zone and also some crisis management terms we see some need for a change in the eurozone before. target date will be. set up the game has changed and the euro everyone once wanted to join we now be the no one wants to accept. to look seriously r.t. because you from warsaw in poland. well our business desk is keeping an eye on all the latest developments on the global markets to me means he is in charge of that

daunting task today the russian markets still dropping in view of this global financial term are turmoil are in play well in three words yes they are i mean they have been dropping since last tuesday so that's another that's five sessions in a row now and you'd think that monday's drop of eight percent on the arts years and more than five percent on the my six you'd expect some kind of correction but it seems right now panic has really turned into fear fear of investors whether pollute politicians in the united states can do at least something to prevent this turmoil from unwinding even further so all eyes right now on the fed meeting with chairman ben bernanke he will be making an address giving some kind of hints whether the united states will go ahead with the third wave of point of easing that is printing money to buy back as they warns most investors have been reading up and interviewing say that this is

a done deal pretty much the fed might be very careful in its wording although it doesn't the stand pretty much that something needs to be done to calm the markets down because that they are jones and the s. and p. saw a very massive drop yesterday right now futures are looking positive however the russian market is still down five percent in the r.t.s. two percent of my sector right now everybody watching closely and we'll be listening closely i should say to what bernanke has to say later today will join us shortly for more details in the business world thanks for that stock markets like me they were saying in the u.s. or in freefall to they've seen the worst drop since the crisis in two thousand and eight president obama insisted the u.s. economy was still solid despite standard and poor's downgrade of american credit but it looks like his assurances have so far failed to comprehend that stores are doing very important i as across the latest in new york. market reaction to the historic downgrade of america's credit are assured in 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 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 favre favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history. on a more positive note asian markets recovered some of the early losses suffered due to uncertainty over what's happening on wall street and india's finance minister expressed confidence in his country that big country can broker the economic storm and attract investors economic professor cheap. potential why did the price of commodities could actually work in india's favor. part of the initial sell off was was panic and i think the panic responded to the downgrade in credit worthiness of

u.s. treasury bills after the initial panic his has outlasted i think investors realize that emerging markets like india have strong fundamentals they have strong structural reasons going into the future such as a positive demographic trend high savings in investment rates the medium term growth outlook for india looks robust it's in the eight point two to eight point five percentage range and the strongest indicator for four of the g.d.p. ratios 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 is a recession in the world as is being talked about that's going to reduce the price of oil in the imports a lot of oil so that's going to reduce its import bill there are other factors if there's an expected degree in the value of the dollar in other words of the dollar weakens and if india's rupee therefore strengthens views of you the dollar it's important it will go down as well the risk is somehow whether india can finance its current account deficit because of the general climate or risk aversion in the

economy if investors are less willing to invest in emerging markets how does india continue to finance its current account deficit. that's coming up to twenty minutes past the hour a look at some world news and pray for you ahead of libya's rebel movement how sack the entire executive committee which functions as a cabinet follows the assassination of the commander of opposition forces last month members of the national transitional council may be at higher trouble off already support the recycle saying they hope it will stem and my faith in their ranks. hotel maid who accused domini throughout the column of sexually assaulting her has filed a civil think against him. gallo accuses the former i.m.f. chief chief of launching a violent and sadistic attack against her when she arrived to clean his new. hotel suite in may. has pleaded not guilty to the charges and has been released on bail

amid doubts over the nates credibility. nine former soldiers have turned themselves into face charges they killed six judgment priests and two other people during el salvador's civil war former defense and vice defense ministers are among the defendants they were indicted in spain under its international jurisdictional law to prosecute the killings of the priest most of whom were spying or it's salvador will now have to decide whether to extradite. to grant is canceling evacuation orders for some areas around the crippled fukushima nuclear plant officials believe the risk of exposure to radiation has fallen in the zone beyond the twenty kilometer radius about twenty five thousand people were told to leave their homes in case conditions of the plant worsened after the global tsunami and earthquake in march. syria's neighbors are increasing pressure on the government and the ongoing crackdown on protesters several arab nations have recalled their

ambassadors from the country turkey has also joined the growing chorus against president also demanding an end to the violence but it comes as government forces intensify the 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 uprising against the regime earlier pledged democratic and political reforms which he says will take time to implement political analyst patrick hayes believes the president is on the verge of stepping down from power. plumping 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 so he can be taken seriously or trusted in his promise is a true diplomatic consideration is no. largely absent in assad's regime they're clinging on to of power but even so in a very tired way there is

a sense from assad really the ease by which she 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 guarantors of syrian stability but is now talking about major constitutional reforms really there's a real uncertainty about what he's trying to do so 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 tired that she's 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 his male seeing. you can also get the latest updates videos and want on our web site our team dot com here's just a small taste of what find out for you today the valorous an active it's forcing

a revolution through social networks find out what's behind the quiet of silent marches aimed at fighting fear and bringing change. and they believe they could why thousandth look down from the banks of the moscow river as a colorful array of homemade flying machines take briefly to the sky you can find out more and see some great pics of that at our dot com. business is next here in our twenty three. frankly saloon welcome to business r.t. emerging markets are plunging to the lowest levels in months cocktail of u.s. credit downgrade and the eurozone debt crisis that's prompting a broad selloff on financial markets russian equities are among the worst performers and are still in a freefall this hour so our first reports from the headquarters of the r.t.l. stock exchange. well it seems to just keep getting worse here second day of losses

day fallujah disastrous day of trading yesterday russian markets continuing to nased here we're seeing much the same story across the european markets as investors the dumping their risk is looking for a safer place to put that money you know what was think it's a killing affecting russia is the own great situation in the u.s. and throughout the year you say has continued to weigh down on the oil prices that's 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 not to pull a rating but that's really had a very negative impact in interventions by the political leaders that we seem to try and stabilize the market having to have to post to the fact that the stakes for you still the european central bank going to prop up its sleeve in spain step in that to stabilize the situation president obama trying to calm the markets calm the

best is by saying that he still considers america a aaa rated country whatever the ratings agency may his at that 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. so you could have the markets now and latest figures. drop more than eight percent today but it's come back since then almost five percent drop and now my six down two percent that's after the worst session since two thousand and eight which was on monday take a look at what's moving the mice and energy majors up top loses gas from rosenau to both deep in the red bucking the trend this precious metal mine upon the matter was around two percent supported by record high price will recover the second european markets are also rebounding from the lows low. as the forty's actually now up by

a notch when it did fall below the five thousand point mark the first time in over a year this is ahead of the opening of the u.s. markets which is pointing positive right now ahead of the fed meeting which is crucial for investors at this time gold has had yet a new record high second day in a row investors are looking for safe haven options of course silverware is coming down two percent. and world prices are down to the lowest level in more than eight months prices said fifteen percent since the beginning of august very very fears that the economic recovery in the u.s. has hit a rough patch downgrade of u.s. debt alone prices down six percent on monday. russian ruble is reflecting what's happening on the oil market has fallen to a seven month low versus the dollar is currently hovering just below thirty roubles so that all the analysts are suggesting that the russian government now needs

a managed devaluation if we see is a. decrease in the price of war and bribes it is not. even by the price of one hundred that goes. so the government should find out some ways to finance is that is that and. amount of social obligation so if you can do it is available maybe you thirty or thirty one because of it gives a budget maybe can fifteen percent of additional. income moneys is next with the headlines you say about saving.

commission is free to critic a should be free. for charges free commitment free risk free. future free. and free blog cancelling videos for your media projects a free meal john darche john tom.