happening to the global economy in his report on. the. a new wave of panic on the world's markets a stock stack amid growing fears over the global banking system and the poor economic growth of. digital revolution after social media played a key role in the arab spring as the u.s. washes its cash to promote freedom online but critics say it's only after a slice of the action. a day of historic importance russia remembers the field cool twenty years ago but they said it's a pursuit to tell you that since the breakup of the soviet union and in the reborn a country. draws into russia a fart with a taste for human blood is blamed for a brawling to people every question he sees the first ever attack on humans in the

region. coming to you live from moscow you're watching r.t. now world markets have taken a steep nosedive as a wave of bad growth news prompted a stock's fire sale newly released u.s. economic data are depressed traders the most domestic manufacturing felt it was lowest point since two thousand and nine the housing market slumped as well while on a plummet spiraling besar is have also expressed concern over the euro zone debt crisis at this week's summit of german and french leaders where they suggested bringing the region together under a new economic government failed to quell unease also manolis have even suggested it even deeper end of market jitters as a more active solution was expected meanwhile investment bank morgan stanley put a bleak forecast on american and european growth saying both were dangerously close

to recession patrick min for an economics professor at the cardiff business school believes that hieron material prices and the national uncertainty is putting the brakes on. there's been inflation in the world economy and there's been quite a tightening of monetary policy around the world especially in china and india and some of the other emerging markets and that has led to a fall back in growth in those countries and elsewhere. the markets so worried about slow growth but really they shouldn't be too surprised because with the situation of raw material prices so high oil prices so high there is a big factor of a slowdown in the world economy there's obviously a lot of uncertainty about the eurozone and what will happen that goes to the eurozone summit wasn't very conclusive all helpful in that respect that's a great deal of uncertainty which is worrying the markets about the situation of

banks in europe i don't think that that i think that will be resolved but it may take some time to resolve it that's the problem meanwhile markets are very nervous oh asian markets the fall of the global selling binge made of fresh recession warnings and piling debt in the euro zone we're seeing sea of red across the board with a stall in of china's flying growth contributing to trade or concerns or asia correspondent reassuring or. and this really when we were talking about the us and p. downgrade of the u.s. economy there was the markets here in asia were falling and initial reaction to that news but most economists and politicians here really thought that that was only an immediate reaction and that in the long term asian markets would rally however this is quite a surprise quite a shock to a lot of people here is in markets did fall friday today tokyo seoul and sydney all picked up on the mountings idea of what's happening over in the united states and in european countries regarding the euro zone a lot of this house if you which

as you mentioned before the news that came from work at the morgan stanley bank that the united states in the euro zone or the europe could be facing a double dip recession and we're seeing that anxiety sort of ripple over here in addition to that there's been a bunch of bad economic data coming out of the what us the u.s. jobless claims and a growing doubt that these european countries are really going to be able to handle what's happening with the eurozone you know asia obviously is very interested in what's going on in the west they hold three trillion dollars of united states debt so when things aren't going very well over there they're watching very closely so this isn't the news that obviously because economists here were hoping for but it is indeed what's happening the markets are falling and everyone's going to watch very closely to see what happens next. well russian markets have slumped in early trading this friday following global trends let's get the very latest from the readout our business desk now read i guess those hopes for

a day in the black have been shattered well one can never know if the other week we had last time we never know which for all i've got going but yes the arts yes and the more i six open the trading session in the red right now they're actually shouting about a percent off their limits of losses so that's all we have a business program will know which way it will end up go but join us in about fifteen minutes to find out all the latest figures from us all right thank you for that arena. well social networks have played a pivotal role in the revolutions witness so far this year so much so that the u.s. has thrown its weight and dollars behind what it's calling the democratic instruments or improve the world but critics say washington is motivated not by people's freedom but i desire for greater control because our skill and ford reports. when a wave of revolution crashed over the middle east this spring. many said and it in the streets began with one hundred forty characters or less on

social media like twitter and facebook. to harness the power of on line communication the u.s. state department is providing two million dollars in grants for a quote internet in a suitcase program it's part of what secretary clinton calls a venture capitalists approach to addressing the wide range of challenges to democracy and human rights activists face in internet repressive environments around the world thank you lie servers like this one can easily be cut by governments but the internet in a suitcase is the sign to give dissidents a mobile web with miss technology that runs their cell phones and other devices making it harder to cut the founder of his own clearinghouse of confidential documents john young worries that american suitcase servers will serve another purpose the suitcase is meant to give you a loser that you couldn't run if you look chronically washers without going through national systems and that may be true but they will not be outside the u.s.

system yun says the suitcase is just part of so-called liberation technology that has its advantages for the u.s. prosecutors for being compelled. to watch what you're doing or probably includes for doing and it isn't just governments according to the hackers collective anonymous which released seventy thousand classified e-mails from defense contractor h.p. gary federal about the romas coin program cohen. wrote you have opened you. go through the national intelligence agency says romas claim is partly designed to manipulate social media one of the. buildings. you were. and. you know what this software would allow the u.s. military to push their agenda by flooding social media. there's a there's a contradiction between support for internet freedom abroad and subpoenas will make

you wiki leaks collaborators at home including private bradley manning if air france's go police that cell phone service is a measure out during protests and those who leave their homes or through the city government to try to use them. and you think. well look the united states doesn't in following the riots in london there is talk of shutting down social media we are working with the police the intelligence services and industry to look at whether it would be right to stop people communicating via these websites and services when we know they are plotting violence disorder and criminality. the u.s. will spend seventy million dollars and internet circumvention technology in two thousand and eleven are brought even as tough questions remain at home. bored artsy washington d.c. and still ahead for you this hour a.j. attack in russia waters a sudden swimmer is mauled by a great white shark after a young man had his arms legs and often

a similar attack that stunned the country. and all eyes are in moscow skies with visitors to the city's international airshow enjoying the stunning traits of russian aerobatic that's why it's a large you don't see all the highlights of your. own all this nineteenth twenty years ago muscovites had tanks rolling past their windows as a state of emergency was imposed a group of hardline communist officials attempted to seize power to prevent reforms that eventually led to the breakup of the soviet union but reports despite being a dramatic events unfolding in the capital many are being kept in the dark. if you turned on your t.v. set in moscow on the morning of the nineteenth of all this nine hundred ninety one this is what you would have seen tchaikovsky's swan lake. why are so many muscovites because on the streets this is what was really happening.

there was confusion and panic even among the tank crews themselves not with a coup order to march towards moscow i thought i'd figured out when i get there as we weren't given any information as to what was happening with your soviet leader mikhail gorbachev had been shot in his holiday home in the crimea a state committee on the state of emergency declared itself charge it was made up of high ranking communist party officials including the head of the k.g.b. . vice president and the defense minister they were terrified that gorbachev democratic reforms and the union treaty due to be signed on the twentieth of august would give so much power away from the center to the soviet republics it would destroy the soviet union. but it was an act of treason on the part of good which often yields in a less circle and might treason they were going to ruin our country. in

a press conference later that day they said that called a trough was ill and that they would take over in his absence of their show wasn't convincing on the nineteenth of august vice president kennedy and naive on the other members of the emergency committee sat in this very spot and water since become my offices as he delivered his statement the assembled journalists noticed that his hands were shaking then one twenty four year old journalist blew his official words right out of the water. bottle to tell me do you realize that you've conducted a critical they work pretty. very concerned. because just got mad meanwhile on the streets the russian secret soviet building the white house and become the center of resistance to the coup boris yeltsin the president

of the russian part of the u.s.s.r. had convinced some of the ten koreans to switch sides people flocked to join him and to mug shots return. if yeltsin tells you that both commander traitors and enemies who always will you have be as night fell on the twentieth of august the curfew ordered by the cool denies is raised fears of an assault on the white house when armored vehicles began moving through the ropes on the night protesters disillusioned with the communist party rose up to defend their hopes of democracy. of kamaz son dimitriy was killed you want with police and out on to the right by his friends legitimate tried to drag him away want a machine rolled out of my sons had and killed lead to marriage while. the two had failed and what's more it destroyed trust in the communist party which was then by russia in november one thousand nine hundred one by the end of the year the very

system they sought to keep alive the soviet union had ceased to exist dumbarton r.t. . follow those three days in august one thousand nine hundred want to stop by step with our special report throughout the day here on our t.v. meanwhile there's more on the fallout from the attempted coup on our website that's artsy dot com read about those who still feel the fall of the soviet union was a disaster as russia's communist party believes school organizers were right and their attempt to save be on par. and others are not even aware of the guess i saw it is god thinking it still is a threat to the u.s. at least that's what republican presidential candidate michele bachmann believes and you can find out why at r.t. dot com. now a killing machine has invaded russian waters as two men have so far fallen victim to a drawls attack in the country's far east but troll boats are sweeping the area on

the lookout for the prius story monster while local authorities are promised over three thousand dollars the person who can catch the creature from the deep artie's that it was called explores the dangers. nothing like this has ever happened before russia has never seen a shark attack a ledge alone two in two days this sixteen year old boy was diving one hundred meters off shore when it appeared the young man's wetsuit service protection and saved him from death with both his legs was severely wounded. and shocked. but it was delivered to some guys went on to do the shift really first date. only a day earlier a twenty five year old man lost his forearms trying to defend his wife when the couple was saved witnesses are shocked at what they saw that i would ask what it it was really scary a country when describing the man's hands would shoot off and the boat was full of

blood but you know marks were all over his body doctors say they'd seen people off the bear and tiger attacks but this is the first time they've dealt with sharks and some of those guys are diligent does recall fighting to show he's all big fish within about two metres long he fought in the sea and says it drains into the ocean floor twice. the attacks happened in the far east unfriendly region that shares a border with north korea it is known for its beaches and clean water and swimming here has always been safe dangerous sharks don't usually go that far north in a sea of japan scientists believe the predator was a white shark and man eater and all trying to work out what it was doing here. this type of shock really comes to our waters as a species that lives and tropical and subtropical waters of the ocean but with global warming they're now starting to move more and more to the north out of roughly three hundred sixty species of sharks just over thirty are known to be

dangerous to humans the rest are either too small only pretty deep but most experts agree but any shark with sharp enough teeth and longer than one point two metres can cause serious injuries especially if there's food of blood in the water power over the majority of shark experts also agree that the danger from sharks is often exaggerated there are even those who defend the predators saying people themselves are to blame for unwanted visits just the words humans have fished out the sharks food supply into them in by throwing leftovers overboard but statistics show that fewer than one person a year on average is killed by a shark worldwide but in response we humans kill more than one hundred million sharks every year. and while scientists are looking for the reasons for these recent attacks the swimming season in the area is over at least for the time being . now let's look at some other world news in brief this hour

a series of suicide explosions have hit the afghan capital here a compound run by the british government at least eight people were killed gunfire was heard at the scene and witnesses said the smoke was rising from the area officials say the british council was a target the taliban claimed responsibility saying the assault marked the anniversary of a gannett sounds independence from the u.k. in one thousand and nineteen. israel's military says five rockets fired by militants from gaza have landed in the south of the country it comes after the jewish state carried out airstrikes over the strip following a series of deadly attacks six gazans were reportedly killed including a child of all a dozen were said to be wounded. israeli officials promised a strong response after assaults of vehicles near in egypt order left of a dead when it was pointed at gaza militants although the hamas government denied their involvement. international pressure continues to mount on the syrian

government would be us and it may threaten your state's urging president assad to step down so it's a fresh economic sanctions have also been imposed by washington and what is the biggest response so far to the violent crackdown on anti-government protesters meanwhile a u.n. humanitarian team as you and damascus on saturday so assessed the situation on the ground syrian claims on the operations against protesters have and it human rights groups say that more than two thousand people have been killed since demonstrations began in march. now a sudden storm gets swept through a popular open air music festival in belgium causing two stages to collapse has left five people dead and more than seventy injured the bad weather also toppled trees and brought down a riot screens out the bedding there was panic of all festival goers as rain for down and winds whipped up and organizers estimate sixty thousand people were told

to be back at the time. when the skies around moscow have been even busier than usual this week with the max international air show seeing a light machines performing all kinds of gravity defying stunts and r.t. is there for you. among those stealing the lifeblood are big names in civil aviation like boeing air boss and be super super jet with aircraft dealers inking billion dollar contracts pilots and their military and specialist helicopters have also been showing their skills alongside aerobatic teams like the russian falcons and swifts who have torn up the skies with stunning tricks of the russian stealth fighter the teeth fifty enjoyed its international debut seen as a rival to america's f. twenty two raptor artie's revolution explains that its top priority for the

country's aircraft industry. many have heard about it but until now only a select few had seen it with their own eyes to have a show fans the teeth fifty is known as pack this is it is still being developed so most of us technical specifications are top secret in fact the school says we can't get to the real thing is this model right here but during the next airshow visitors get it sure we get a chance to see the jets in flight the first ever public display for top five the jet is being developed by the superior design bureau under the watchful eyes of the united aircraft corporation and the entire project is shrouded in mystery in fact were presented to the corporation say the project is so secret they can't even talk on camera about it so why did they give us the united states and russia are the only two countries in the world atop a technologically potential to implement a large scale national project for the development of

a fifth generation jet fighter the fact of russia is demonstrating that this year's marks yourself is strong evidence that russian aviation is in a very good state patients the jets will reportedly be able to carry out combat duty in any weather at any time of day will feature a special coating which will make it less noticeable to n.z. air power traders and will be able to cruise at supersonic speed but most of the guesswork boils down to this one who developed the russian fifth generation fighter will give the american after twenty two and f. thirty five a run for their money in terms of stealth capabilities maneuverability and cost smarter than just that of this being a new generation fighter it's much more comfortable to fly everything was designed with safety in mind it has thrust vectoring engine nozzles fly safely at low near zero speeds it's safe even want to fly still first up to date environments in the cockpit is also new the fire provides

a whole. support to the pilots all of the jets are supposed to be fully developed by two thousand and fifteen it's hoped orders for roughly six hundred jets will follow with one third of that number going to russian air force but until the final touches to the project are made the only chance to see the hope and pride of russian aviation is a max air show in middle school arty ski school region although stay with r t throughout the weekend for the best of this year's max airshow coverage. of the approach. future flight. march. to the airshow and arena is here next for the latest

business news. hello and welcome to business here on arts and we sort of course with the markets which plunged into another round of volatility with fears of an underlying double dip the sentiment was spurred by a bouquet of nuggets of data from europe and the us there are some voices have just opened and they are extend their losses from the previous session well now joined by peter weston chief equity strategist at asset to discuss this further now a lot of pessimism there on the markets a lot of negative how to write the science months in the russian markets. well i mean i think it's the same as you're seeing on a global scale it's really a market that is now driven by fear they can be increasing concern to the state about the global another global recession took a real hold on the markets yesterday and what clients are trying to do is to try to figure out where we go from here because there's so many uncertain factors right

now to some extent you can argue that the current situation is actually more to korea's that it was in two thousand and seven given that policymakers are running out of options and china has their own problems in trying to sort of cool down their economy and then you have different policy options in europe and the u.s. u.s. is probably going to try and stimulate where europe is but there's a lot of research tools on top of that i think you know looking forward i mean if you look at what's going to happen in europe over the next couple of months you're going to have about four hundred fifty billion dollars of euro's sort of four hundred fifty billion euros to be paid. by euro zone countries by the before the end of the year two hundred fifty billion of those come due in september and october so i think for those two months we're going to continue seeing peaceful agility the good news i would say though is that we don't see the same kind of panic selling that was soaring two thousand and eight but you compare that with two thousand they would just say it's a difference between the parents that we're having right now and the one that we

saw last week and how deep do you think it could be this time. well i don't think there's a difference between the two it's actually a continuation of the previous day you had a bit of a so-called dead cat bounce but now that you know we continue downward again it's a continuation how far we can go that's a good question and if i knew i would tell my broker that i would tell you but i think in general we've sort of another twenty percent down i don't think is unthinkable. but some people are saying right now that the markets are driven by lower volumes because it's the holiday season how will the situation changed you think whenever ons back to business. well actually the volumes are more or less unchanged and actually to be some of the days they've been pretty high on this on the sort of sell off and i think also if you look at the clients even though they are vacations they have been better prepared this time because there's been a lot of bad news coming out for quite a while so first of all they're probably position themselves in

a way that the feel more comfortable go on the vacation but also i think they're going on vacation in places where they actually have access a blackberry internet etc so i don't think there's a you know there's a big difference this time around i have put in talk about the ruble for a second it has retreated against main currencies how deep do you think you can fall. well we kind of you revised enough workers i won't give you a specific number but really the ruble is held hostage to what happens with the dollar and with all price and given that we feel it's going to get worse before it gets better i think we get a further weakening of that could be further sort of celebrated by the populations responding to a shift in bury their savings into hard currency at last that we could see continuation of capital flight but you know hopefully passing all told or we should have hopefully again called me a situation that might give some additional fuel for fuel for a commodity prices and therefore the currency. peter western chief accurate is

fragile just as and thank you very much. like you know let's take a look at the latest figures the eurasian bourses meet heavy losses following a sharp sell off in the u.s. exporters are among the worst performers on then they came up with canon down two point six percent and citizen oval office signs in the red carmakers are no exception the holiday shopping around three percent this hour meanwhile energy stocks are the ones we have got hardest in hong kong with petro china down around four percent that's why it's so europe the markets there are tracking losses in asia and we are seeing a sell off shortly after the opening. minutes on is the clients you point three percent this hour after approving investments expand at home-i in colombia and here in moscow the markets have opened and they are trading in negative territory extend in thursday's losses r.t.s. is losing over one and a half percent of all my sense is now more than one percent and here's a quick snapshot of the market movers on the my sex energy majors are among the

worst performers with gas from down more than one percent new all banking stocks are also on the pressure with both burbank ending its abilities in around two percent. and that's all the business news for now for more stories you can always check out our website artsy dot com slash business headlines on that success. if. you.

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