joyce beavers who runs. the group we go to the ground here is truly george was. you can a listener to know which civility to go. to the colonel goes which is used to retreat. chaos reigns outnumbered and be read police struggle to restore order in major british cities locked in a spiral of violence and looting. here of town bankers says that confidence is going through the worst financial crisis since world war two from think some nations to halt their plans to adopt a 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.

it's five pm in moscow this is our team coming to you live now with our top story this hour the random violence which is gripped london 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 sparks from what was initially a peaceful protest over a police shooting in south london bennett is following this story for us. 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 he was complete mayhem in places like ealing in west london clapham in southwestern croydon in the south east which is widespread looting buildings and vehicles being set on fire and when i say the police didn't have any control for example and

clapping they weren't there for over an hour and 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 and high street were smashed in and just and around santa really and. now people were just taking what they could mobile phones trainers and things like that and there has been. some real shock by residents in that area who are speaking to you last night saying how can this happen here that's quite an affluent suburb and they thought they were out of the trouble they're. in thing they're be affected but it just so 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 stood out and so the hope is that will get things under control and but 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 that are free in areas outside of the capital. having to bring in more police officers to try and get it under control for more on the possible causes of these riots in london here's my colleague laura emmett who was 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 police sealed off streets intreat whole areas it's crime scenes with local communities trying to to come. terms with the wave of looting engulfing north east and south london in tottenham where it all began the high street is a burned out shell the police that shops and so are 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 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 around a fantastic prussia's by how levels of employment generalising jaw still is and services youth clubs are being closed there is never any scariest of all of its parts it went to the to the politics of war isn't concerns and complaints about the tug of war with the spark which has a far tottenham had 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 has become a victim of what prime minister david cameron is now calling failed

multiculturalism this powers charmingly group which. put these ethnic groups interest. which are usually you know the pope will the very. spirit of english war you know races already means. 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 on the rest on the streets in the coming days loses on making a political point 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 state isn't bad as it's being thing is i'm 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 not that . big a problem with live updates on the chaos in the u.k. on our twitter feed and our t. underscore column person latest tweets from our correspondents pm comments more probably still going to ryan's but without beefing up measures they can use will still be hand strong also driving through vaunted riot armored vehicles deployed on the streets of healing welcome to our twitter feed our party underscore calm and keep an eye on the best videos on our you tube channel.

british prime minister david cameron has called the riots pure criminality speaking after a meeting of the country's emergency committee a promise that looters will face before forced the war well joining us live now is gerard battens a member of the european parliament. thank you for joining us some sixteen thousand officers are expected tonight on the streets of london do you think that will be enough. well i think the police have been outnumbered so far and what this is criminality i agree with david cameron on that and i think that the point is crime where we have to call in the armed forces what we're seeing is chaos and chaotic criminality across the whole of london it's not confined to one place as it when we've had riots in the past for example in brixton in the ninety's this is now

spread across spreading across the whole of london even my area for this is rumored to be tired it's not i've told my assistants to leave the office early and people about it now what we should do in my view is pull our troops back from these pointless wars in afghanistan and iraq where we should never be in the first place they are only function as far as i can see is to help my tony blair multimillionaire in the us i let's get a troops back into this country and actually put them on the streets supporting the police in order to crush this this criminal insurrection because it's nothing better than that what i've heard on some of your previous interviews is a lot of the usual special pleading about these you know these poor disadvantaged people don't have jobs there are jobs there if i wanted to do them and most jobs now are filled by pods in shops in everywhere you go they're filled by eastern europeans who are highly educated who actually speak the language and they're getting the jobs and our own people are not getting them very often because they're

not interested in education they don't really want to work and it doesn't surprise me now that that we see in these people on the streets looting is this is this is a kind of criminal criminal shopping spree that they're going on because of the lax approach that we've had to actually arresting people and punishing people in this country for years it's been it's it's almost impossible to get arrested for something if you're arrested it's very difficult to actually get convicted and if you're convicted it's almost impossible to get a meaningful sentence these people have nothing but contempt for the law and you can see in their prices they're not even bothering to cover their faces up they don't think anything is going to happen to them there is a mechanism which we could use to deal with this if you like me to do elaborate on . i actually want to go back and talk about you saying that the armed forces need to be brought in we're hearing that a senior london police officer says that it is possible that authorities will use plastic bullets to quell rioters why haven't water cannons rubber bullets tear gas or even the armed forces being brought in yet. i think because the police force

over the years have been. this culture of political correctness where people are on the streets doing this although you know they must have some reason the poor little dears and you mustn't be nasty to them and i think the police are kind of. by this for years and i think this is what we see that now you can see images of the police now where they're under siege on the streets by these people you've got women jumping from burning buildings to save their lives people are surprised nobody's actually been burnt to death yet and i think the time has come to get tough with this we must crush this otherwise it's going to get totally out of time and it will be a constantly reoccurring thing if we don't they'll put the shops back to gather you know they'll be stopped and then the criminals will come out again if we actually make it plain to these people that this will not be tolerated and it will be crushed and the first victim of the riots the twenty six year old man has died in hospital do you think that is just the beginning are we going to see more examples . all are so from what we've seen on the t.v. screens. in front of the police with buildings on fire are you surprised that there

have been more fatal injuries so far because there's nothing to restrain these people have no respect for property or human life. they wouldn't be burning buildings down whole sorry for actually cared when anybody was in them or not i don't know where people have been seeing people who lived above the shops in flats in fact to flee the buildings evacuated in an emergency i'm sure that wasn't done in an orderly fashion these people are taught in the buildings in them made member of the european parliament on the line with us live from london thank you very much for your time. when our web site our team got com we've been asking what's driving force behind the riots so far the majority think it's the result of heavy handed police think there's going that on the struggling economy and the failure of nothing culturalism in europe and the rest really criminals trying to grab anything they can join the discussion tropical why are chain dot com. well

from the crisis on the streets of britain crisis in the global markets now europe european shares are struggling as the old bank chief warns the region's financial system is in worst crisis since the second world war spite of banks starting to buy government bonds from spain and italy to prop up their struggling economies our europe correspondent daniel bush has the details 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 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 unconventional measures now central bankers of famous for being calm for being reassured and when you hear someone like that coming out with such radical phrases you want the investors and the markets upon a king he had told the european central banks of spanish and italian bits 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 feel. is only closed is forcing slash spending less money going to create jobs and things when really the only way out of this crisis is for the countries themselves to grow with their economies which means putting more in spending more on the economy and creating new jobs now barack obama has consulted with the heads. 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 debts with no real plan b. and as our correspondent alex the euro shifts to 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. 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 how can we 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 bulls 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 polls aspired to this they want of a 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 tried to bring. it 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 a low interest rates being outside the euro zone meant could not join the party but now it does not have a hangover poland was meant to have the euro by next year the time when the country's co-hosting the twenty twelve european football championship but with the latest developments these plans may be shelved for another. for 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 ministers saying the eurozone needs to get its house in order first place very important for us. they need for institutional changes in the eurozone i mean these economic governance of the euro zone and also some crisis management terms and we see some

need for action in the euro zone before. target date will be. set up the game has changed in the euro everyone once wanted to join we know be the invitation no one wants to accept. so let's. see you through warsaw in poland. our business desk is keeping an eye on all of the latest developments on the global markets let's check in with the weekly now so russian market still dropping in few of those quotable financial turmoil well you know they are still down and but they're coming back they're coming back but you are two years indexes now down three percent a nice legs just point three percent this is. gaining one percent of years come back to zero level is actually was up half a percent just a second ago this is all ahead of the opening of the u.s.

markets which is due in around fifteen minutes and it's expected futures are indicating a positive opening investors are looking for words from fed chairman ben bernanke on the possibility of a third way to counter the easing so it's actually coming back. right we'll check in with you a little bit later in the program thanks for that. of course to me that is the bell just about to open before that both stock markets in the u.s. have been in freefall they've seen the worst drop since the crisis of two thousand and eight president obama insisted the u.s. economy was still solid despite standard and poor's downgrade ing of american credit but it looks like it is the sure and says have so far failed to come investors are going to court i is 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 downgrade 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 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 favre favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history. with the global economy still moving deeper into uncertain can you look at all the latest developments at our web site argue dot com here's what's going to be you today more voices join you at home for a review of america's our yardies telling leaders to put in five world supremacy and feed their people instead. and look at how the financial despair in the us is true. some thriving industrial centers into ghost towns. so more international news for you in grief this hour the head of libya's rebel movement has sacked the entire executive committee which functions as

a cabinet is probably the assassination of the commander of opposition forces last month members of the national transitional council i would struggle of already supported the reshuffle saying they hope any crisis in their ranks. the hotel maid who accused them in the extracts kong of sexually assaulting her that's filed a civil suit against him if you stop to the yellow accuse the former i.m.f. chief of launching a violent and statistic attack against her when she arrived to clean his manhattan hotel suite in may has pleaded not guilty to the charges and has been released on bail and made doubts over the mates credibility. nine former soldiers have turned themselves in to face charges they killed six jesuit 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 jurisdiction launch of prosecute the killings of the priests most of whom were spaniards i thought will now have to decide whether or not to extradite them. japan 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 twenty kilometer radius about twenty five thousand people were told to leave their homes in case conditions at the plant worsened after the double synonymy and earthquake in march. syria's neighbors are increasing pressure on the government to end the ongoing crackdown on protesters several arab nations have recalled their investors from the country turkey has also drawing the growing chorus against president asad demanding an end to the violence but it comes as government forces intensify the assault on opposition strongholds has taken artillery fire more than three hundred people have reportedly been killed

in syria over the past week the bloodiest in the five more pop rising against the regime also the earlier democratic and political reforms which he says will take time to implement well 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 that he can be taken seriously or trusted in his promise is a true diplomatic consideration is no laws. they're clinging on. with even so in a very tired way there is a sense from assad to really be eased by we. she started to say this is the end of single party rule and he will start to think about elections and then 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 means that

really there's a real uncertainty about what he's trying to do there very isolated they don't really know where they go into a kind of stuck between a rock and a hard place they don't know what to do but this is i guess messiah is a seems very tired that she almost willing to relinquish power at the moment but i think there's a reluctance through one to relinquish power because i suspect he is very worried he'll meet the same treatments that some of barack is now seeing. all of us from the world of business is next here on r.t. to me to stay with us. with. thanks and he's alone welcome to business see the russian and markets emerging markets are still plunging to their lowest levels in months in fumble cocktail of a u.s. credit downgrade in the euro zone debt crisis is prompting a broad selloff on financial markets and russian equities are among some of the

worst performers lou the are coming back are the r.t.s. is down three point four percent this hour myself down by just one third of a percent statement of one of the main movers. energy majors are still down gas from down one point four percent rosneft one point eight percent over of course this is a much better than what we see earlier in the day polymath so as among the few game is gaining almost free percent supported by record high gold prices will look at them in a second now six minutes before the opening of the u.s. markets european markets are also rebounding the footsie is now down half a percent the dax one point six percent the footsie did fall below the five thousand point not the first time in over a year earlier in the session. and gold has been hitting new record highs over the past couple of days a seven hundred fourteen dollars abyss lower than the highs that we've seen earlier

today silver down three percent this hour. and now that oil prices are mixed in the past couple of minutes actually it's changing from for minute to minute lights we was up one percent just just a few moments ago right now it's down thirty cents brant is up eleven cents and now has come back fifteen percent since august way by fears that the economic recovery in the u.s. has hit a rough patch then unfroze downgrade of u.s. debt a load sent prices down six percent on monday. and the russian ruble is reflecting what's happening in the oil markets all into a seven month low versus that all is currently hovering just below thirty roubles to the dollar analysts are suggesting the russian government now needs a managed devaluation. if we see is a. decrease in the price of or and the bribes it is not. even by the

price of one of those. so the government should find out some ways to friends that is that end to deal with our. model social obligations so if you can do it is the only way you thirty or thirty one dollars it gives a budget maybe ten fifteen percent of additional. income. and although deja vu may be the best way to describe the feelings at the moment jacob now from morgan stanley says current situation is not the precursor to a double dip there are risks out there things can go wrong but you don't have the same level of leverage in the financial markets that you have then you don't have the same exuberant valuations you don't have the same sort of excess confidence that you had three years ago so i think the risk of a sudden deep correction is much less corporate news now oil major b.p. is taking it from russian shareholders and it's ventured. to court commerce and

they reports that b.p. has charged one of its russian partners win over a group of breaching the shareholder agreement under the agreement sank a b.p. shareholders must include the others in any ventures in russia and ukraine over which holds a twelve and a half percent of the shares currently operating its energy assets in both countries alone for its part and over says it's ready to defend itself and caught. russian shareholders earlier blocked the share swap deal between b.p. and. write the joint business r.t. in fifteen minutes time we'll have the opening figures of the u.s. markets for us as well as the reaction on the russian markets.

for the full scope we've got it for. the biggest issues get a human voice face to face with the news makers. we'll. bring you the latest in science and technology from the realms of russia. we're going to the future of coverage.

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