we go to the grand imperial truly to tell us the. new kind of socialism that you see don't need to go. right this is the kernel was toto as a retreat. the skies over moscow welcome of the world of aviation schools of the latest jets perform a breathtaking stunts of this year's max two thousand and eleven ash. european markets tumble on news of economic stagnation across the continent as france seeks to convince an already skeptical germany to shoulder even more of the euros for this. and another kind of market a gruesome trade in india is on the rise for the authorities accused of colluding with those illegally preying on poverty stricken people sacrificing their health.

global news live from the heart of moscow this is artsy with me. come by jets in the latest gleaming airline is a piercing the skies over the moscow region the world's biggest aircraft maker is already russia's max twenty eleven esha showing off their newest designs and. see where the. it's been a really nice exciting day here we've actually seen some of the individual military aircraft making a doing some stunts in the air we saw the sewer thirty of modification destroyed twenty seven as well as the f. fifteen that was pretty impressive as well and this is what it really is the a max of two thousand and eleven it's about showcasing what they're capable of what these aircraft are capable of doing in the sky and as far as russia's participation is concerned one a very a highly anticipated model is the assume boycie fifteen and that is the first russian made fifth generation plane and it's also the first in twenty years

a russia is putting something forward in the market here not the only other the generation plane out there is the f. twenty two raptor which will also the u.s. air force one we're talking this generation these are more efficient faster and have better stealth capabilities are military aircraft so again it's sort of going to be a game changer if it does get into the market right now they have a prototype is going to make its first public unveiling here at the max two thousand and eleven certainly looking forward to that and for the for the russian fleet this is again a milestone seeing that defense ministry for example had wanted to improve the hardware the russian military which will be a good positive sign while other countries as we've seeing it been seeing a defense of budget cuts again interesting dynamics here at the max a two thousand and eleven but of course it's not just that i've been looking at smaller planes looking commercial planes you have the big airliners here the dreamliner of boeing the airbus a three eighty and i've also found some small what they call experimental plane some of them you can build at home so i've been trying

out those but i have been careful not to try anything funny because you leave that to the professionals who are waiting for the teams of the a french air force the italian air force the u.s. and as well as a russian two russian teves you have the a russian knights as well as we have now we're expecting them to perform one of these and one of these a six days so my colleague wrote that he was lucky enough to actually see a glimpse of that he went behind the scenes with them during one of their practice sessions let's see what fun he's having. doubtless fair here because airfield just stands for two of the most famous aerobatic teams in the world even a dress rehearsal has no margin for error. today is one of the last chances for the russian knights and the switch to practice their new program ahead of the marks show performance. to show stopper the trademark nine plane of two very different aircraft delighted migs information.

down from below the false jets in perfect sync but as the pilots touched down tempers run high. that's normal everybody cares we're all in the mood to work we all want to put on a great show. these pilots don't think of themselves and to train as they're serving officers the flying elite hand-picked from ventura russian air force the best technology develops. being abandoned in favor long range missiles and advanced trade. these demonstrations of piloting prowess just becoming a sideshow right. richard said i don't think so at all the real war electronics could often be jammed so we go back to whom and how they can respond to the situation oh skills will never become obsolete enough to go again

practicing for hours perfecting distills only caring for the world capable of old fashioned dogfights might not be as big a part of combat as they once were but here they're keeping alive. the airfield. will be two thousand throughout the week will have. class action as well as talking to the captains of the industry who are also there. closer. every angle of approach. shaped the future flights. our team takes to the max air show. our five minutes past the hour here in moscow european stocks

plummeted on news that economic growth across the e.u. has stalled all this france and germany meet to work out a way to end the debt crisis sweeping the euro zone but europe's two financial powerhouses are at a dead end even before the negotiations have started early and is refusing to throw in even more money at the crisis has done it will reports from brussels. the magic pill that's supposed to spread the euro across the european union is something called euro bonds that in effect would transfer northern european stability to the states it would create a single. people could fall into the suppose it would begin to calm investors to show that there is a united front and the strongest states also lead and in solidarity with the we can solve them periphery countries like greece portugal spain and italy now germany for reasons doesn't want to discuss it particularly at the moment it doesn't want to lose its hold the reputation as

a reliable. signing up to this and it has actually said the euro bonds will play no role in the talks today some investors a bit surprised because growing numbers are saying that is the only way to save the euro now influential investors like george soros say portugal and greece should leave the euro and eurobonds or the only way out now even germany is already being sucked into this crisis its growth the growth of its economy skidded to a halt just one percent in the second three months of this year which suggests that the euro debt crisis is even bringing down the economy. how to turn your question right there where the world markets are hanging on the outcome of the meeting between france and germany but some have doubts over its significance international consultant and former m.p. of the belgian parliament load of the newest believes the meeting will be used by sarkozy and merkel only to boost personal ratings. and went to london biggest

economies of the european monetary union get together that is of course always meaningful if only on up psychological level he's meeting stand to draw the line should be a euro zone countries at a loss in general so whatever it is said there is no basically taken under any other countries and this specific meeting i don't really know what it is about i mean i think it is a little bit domestic problems they're not going after the ones that caused the crisis they're not going after the ones that has the money that s. they lost in this crisis i mean why not talk about the raising taxes under those people why not talking about whipping social demands and these bailouts philip and merkel and sarkozy are facing huge problems with their approach the clarity in the in the pulse so i think it's also new with the image of building us or not so much return finding a real solution. meantime the european central bank has announced it's

unprecedented twenty two billion euros in just one week and money went to copy help the economy as of italy and spain because i think they're going to go to school reports public faith and the ailing euro may already be beyond a quick fix. some work to live others live to work hockey market combines the two today he and his nephew run the picture frame shop set up by hawkins grandfather almost a century but the family firm is in a rough spot. like all in spain my business has been struggling although it's not visible in all areas of business times have been very hard. consider this unemployment at more than twenty percent one of the highest in the eurozone again should sovereign debt ever cross their bonds and the country's problems don't stop there despite being the fourth largest economy in europe spain is definitely feeling the bite of the credit crisis and that many asking the question is the

result such a great idea after all the answer may just be no the country's rating has been downgraded twice in september of last year with moody's agency threatening to do so again in the future in fact some in spain believe the best strategy in the current climate may be an exit one knows the idea that this would give us a certain autonomy it would affect positively internal processes in the country purchasing power would give citizens access to all sorts of benefits and would have been good for the wages it very well could lead to the improvement of situation in spain. a key factor here is distance while the spanish struggle with debt and unemployment their fate has largely been decided by europe's paymasters in chief in brussels. what we're witnessing here majoring channel problems which you cannot solve. this is outside of the e.u.

competence they have neither the finances nor the labor capabilities to help spain of course many people are unhappy with the place painted from the european union. but hook him isn't losing hope that his country and his business will eventually climb out of the slump. of course it will stabilize in the end is the small business is like mine that will do the job since he did this three or four people take were close to heart in large corporations something which me only be possible if spain quits the floundering federation of the ears own and put its own house back in order even because courtsey. and a lot of us are on our to look at how the economic misfortunes of the us trying investor trust in the world's top economy so forcing us vice president showed you all a confidence boosting trip to china some say america's troubles are simply too big to ignore plus. markets in the u.s. at the opening for more after more evidence pointed to

a slowing global economy and the latest economic growth figures from germany are particularly disappointing they show the eurozone biggest economy virtually stalled in the second quarter growing just point one percent. the two thousand and four tsunami in south asia took everything from many of the victims that lived along the coast of india recovering has been next to impossible and some have resorted to selling the only thing they have left their own body parts are to produce written reports. cala a room again is alone in her tiny empty apartment in china i like many indians who struggle to make ends meet kala is constantly in debt despite selling pretty much everything she has including her own kidney i wouldn't mind that but no it was when i went to group her he told me that i could sell my kidney i agreed because i was in a bad situation and my children were small we did not even have any food to eat when the two thousand and four tsunami hit the coast of south asia kala was one of

hundreds of thousands of people who lost everything in order to get back on her feet she got a log that she was later unable to repay. and we had a lot of get i had to borrow money to buy the fishing boat people i borrowed money from started asking me for money they said they will come home and there's us if we didn't repay the money just for it and vulnerable tsunami survivors soon became the perfect targets for the illegal organ trade in india it's become known as the red market every year one hundred thousand indians need organ replacements a demand that drives an illegal supply with some organs even being sold to a small percentage of desperate transplant tourists and ninety ninety four of the indian government hatched a law meant to regulate organ donation in this country the first that it was supposed to get an organ from a donor who was in some way known. even though each transplant was supposed to be

approved by committee of doctors it's almost impossible for anyone to stop money transactions from happening under the table in general when a recipient finds out that he or she needs an organ donor they normally approach friends or family for a match when those options are exhausted roca doctors or hospital staff can introduce the recipient to a broker usually a former illegal donor to who can scout nearby poor neighborhoods for someone who is well. to sell their kidney and go under the night but they are necessary for thought i could live for them old say part of it is that there's a lot. of doctors are also there on a blind eye to this happening to transplants from the donor to the recipient take place in the hospital simultaneously to the owner ends up making a little over a thousand dollars while the brokers can profit almost double that. you know i went

to the broker he said he will give me fifty thousand rupees for my kidney it was supposed to be much more but the broker cheated us to donors all so frequently are robbed of their health before i used to run around and work a lot but now i can do as much work as they used to i find it difficult even to think to put what i can go to work i have severe pain in my abdomen and my tryst i don't like and while horror stories of the red market are exchanged among locals those with no options left are forced to take extreme measures sacrificing their health just to stay alive preassure either party china india. and a quarter past the hour here in the russian capital let's check out some other world news now and staying with india hundreds of protesters have been arrested there are they gathered in new delhi to demand the release of a prominent anti corruption activist chanting slogans and even blocking some roads police detained seventy three year old right before he started being an illegal

hunger strike he had been urging officials to tighten legislation in the country. is ready parliament has interrupted its summer break to discuss the growing social protests across the country and arrest started this summer to demonstrate against soaring housing prices the cost of food fuel and education politicians will debate what can be done or not expected to introduce new legislation until they return to work permit. that. palestinian refugees have fled a camp in the syrian port city of latakia all of this the government shelling up to ten thousand people were trying to escape the bombing which has now claimed at least thirty lives government troops reportedly made house to house arrest in the city and it can boats and join the troops as part of the attempts to crush the five month long uprising against president assad. well you can always find the latest updates on this story on our twitter feed is where our reporter in syria will be

providing information of. you with r.t. live from moscow the largest holder of u.s. debt is getting frustrated over washington's financial situation so vice president joe biden is heading to china on a mission of reassurance but poor. investment advisor in hong kong says washington's troubles that too big first asian partner not to worry about. china is extremely skeptical they must be very worried if i was the biggest holder of u.s.

treasuries i'd be worried too because the u.s. is in a terrible situation their budget deficit is piling out of control it's almost eight percent of g.d.p. the federal debt is now about ninety six percent of g.d.p. and politicians in washington don't have anywhere to get their house in order all they know is to prolong the problem to push the can down the road and as long as that is the case we are going to see severe pressure on the u.s. dollar the economy is in asia generally speaking are in a lot healthier state bank they are in the us or in europe and when mr bernanke prints money this is the value of the u.s. dollar devalues the dollar and next commodity prices go up and that causes inflationary headaches in asia. now the majority of americans think it's time to lift the fifty year old embargo against cuba but the government doesn't appear to be listening to music hailing a fourth because the powerful and the cash for a lobby doesn't want to see her. cuba ninety miles from america's

shores and for fifty two years a world apart following the cuban revolution in one thousand fifty nine the u.s. imposed an embargo on all trade investment and travel in attempt to bring down the communist government of fidel castro. some of the cubans who fled the island for the u.s. pushed to keep this agenda alive and so the intake castro lobby was born they give a lot of money you know u.s. elections are in fact privately financed so they've been able to figure out how to play the games even though they're a small percentage of the population they play very big in a key swing state polls consistently show that two thirds of americans favor ending the embargo and normalizing relations with cuba and some in congress agree it's about time we talk to cuba instead stop for any reason wars in about thirty or forty years or castro groups have given more than one point seven million dollars in donations to federal candidates from two thousand and four to two thousand and

ten more than half a million dollars in two thousand and ten alone to both republicans and democrats ensuring us cuba policy remains virtually unchanged. but. that it will enhance the effectiveness of the embargo the united states will keep the embargo. period than one percent of americans are of cuban origin and the journey emigrated before the end of the cold war and like the rest of the spanish population in the u.s. fifty eight percent of cubans are u.s. citizens cubans who arrive and step foot beaches in south florida are on their way to citizenship haitians who arrive and set foot on the beaches of miami are on their way to a detention center in deportation cuban americans are also a force to be reckoned with in congress we definitely are the most over represented community in congress with two senators and four representatives we say so. that's you know me we're including the chairman of the house foreign affairs committee and

we've got over us the and i welcome the. or tyranny of having anyone assassinate fidel castro and any leader who is oppressing oppressing the people they have powerful political action committees behind them like the u.s. cuba democracy pac the number one campaign donor in two thousand and six with more than five hundred thousand dollars our community is very focused and it's very concentrated in florida in new jersey therefore we really have to make an effort to get out there and create the relationships to live in a socially and agenda that has been known to change many politicians minds including president barack obama. you know obama changed his mind while campaigning before the cuban american national foundation. going to war but while the majority of americans favor ending the sanctions against cuba even protesting in the streets i think. we have yet to match the strength of the anti castro lobby given ford r.t. washington d.c.

. twenty one minutes past the hour here in moscow kareen associate with the business but for now i do international olympic committee has been check in construction for the sochi two thousand and fourteen games by the team including the head of the i.o.c. says good progress is being made in the preparation and it's the last went to see for himself. this is the mountain cluster of building big projects nine hundred meters above sea level as you can see the buz here are fantastic and this is exactly what a visitor some athletes will see during the two thousand and fourteen winter games but by then of course everything you see here will be covered in snow for the games . the sporting facilities are truly taking shape with construction moving into the final few laps you will see a stadium for fifteen thousand visitors to ski trampolines and also immediate village which will house over two and a have thousands of journalists will show sochi sportsbook tackler to the world members of the i.o.c. visited these housing facilities during their short working visit and they say that

this part of the olympic park is very important because it will leave a lasting legacy even after two thousand and fourteen what's happening here is absolutely tremendous we've never seen something like this family's going to be joining through it. to repeat this to mission results and. oh responsibility me i will cease to develop school with the world this is exactly what's going on you know i'm not sure which we should look at it or do it to twenty four. but this is just the beginning. because you guys here which talks really have to get next year here in the style in sochi will see nineteen world class sporting events giving the venues that the road dry run before the facilities will be useful or primary purpose. right now and talk the business news that correct.

oh and welcome to business here in our thanks for joining me after three days of gains the markets have once again turned south content has been hit by weak economic data from germany growth of the eurozone second biggest economy was virtually stagnant in the second quarter and this has raised further fears that the global economy is once again sliding down the slippery slope of recession now joining me now to discuss what's happening is years luckless ali from deutsche bank thanks for this lot for coming to the program so what's the recent. what we're seeing the recent rally in the markets is it can bounce in your opinion i don't think so i think there are reasons to believe that the markets can muster an upward. trajectory in the coming days a lot of course will depend on the data flow from the u.s. and europe in the coming days but if we get

a week of sustained gains in global markets and in russia i think that should provide ground for further sustainable growth in equities and what is your view on the second trip to recession well i think. the threat of that is rising as long as this volatility in the markets continues because if this volatility continues for too long we can have a situation whereby just like and two thousand and eight this volatility under some certainty will start to penetrate into the real sector of the economy through slower growth and investment through lower consumer confidence. so i think that if we do see swift action from the u.s. from the e.u. in trying to. bring confidence to financial markets that still can for. a double dip recession and more precisely about what happened in two thousand

and eight you're just talking about that do you think the world is in a better or worse situation compared to the crisis in two thousand and eight yeah i think there are different sides to this on the one hand corporate balance sheets are better now than they were in the run up to the first wave of the crisis on the other hand the sovereign balance sheets in the developed world are worse you have tremendous budget deficits in the u.s. some of the countries of the eurozone and it will take time for that to be sorted out so on balance i would say it's probably somewhat more difficult now to deal with the crisis because essentially for the countries involved the fiscal channel of dealing with the crisis is essentially restricted to activate now we're seeing what's happening in europe at the moment and they're trying to decide to you know to do something with the present situation how do you think how go how vulnerable is russia because the last time we saw russia you know we experienced

a slowdown in major slowdown and i think during this period of volatility is still vulnerable because fundamentally the source of this vulnerability is russia's dependency on the oil price and if oil prices again klein if they decline significantly this is of course a blow to russia's macro economy including to russia's budget including to russia's balance of payments on the ruble so a lot depends on the dynamics of the oil price in terms of how this will volatility translates into russia's macroeconomic situation the higher oil prices the better for russia obviously yes ok thank you your thoughts on joining the program and let's take a look at the markets now u.s. stocks retreat at the opening up to disappointing growth in germany by train losses after a federal reserve report showed in die. true production gained in july by the most this year off point nine percent energy stocks down together with with other shares

occidental petroleum one of the previous sessions strong this performance is leading percentage clients with a three percent drop to eighty six dollars forty three cents a share and markets in europe under pressure the latest economic growth figures from germany have proved to be particularly disappointing showing you as owns biggest economy virtually stalled in the second quarter growing just point one percent overall eurozone growth stands at one point one point two percent for the period and here's russia where the us has a nice six and a lower the r.t.s. sank one point three percent and the market is down nearly just under two percent here these snapshot of the noise of the market movers on the is six gas problem is lou was losing over to have percentage of the company has reported eighty six percent growth in net profit for the present half construction company pick also post that first half results it's almost thirty million dollars net profit against twenty one million dollars losses during the same period last year and financials

were also suffering spared bank lost under three percent. crude prices down on those worries about german economic growth like sweet is currently trading at eighty six dollars a barrel while brant is that one hundred and eighty dollars at the. cons precious metals are mixed gold is up. selling is back on the stock markets are well silver is down and trading thirty nine over thirty nine dollars an ounce. and so for me headlines up next. hungry for the full story we've got it for us the biggest issues get a human voice face to face with the news makers on r.t. .