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 fire sale newly released u.s. economic data of depressed traders the most domestic manufacturing fell to was slowest point since two thousand and nine the housing market slumped as well while unemployment spiraling vespers have also expressed concern over the eurozone debt crisis in 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 deep 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 patric men for an economics professor at the cardiff business school believes that hieron material prices and financial uncertainty is putting the

brakes on. those being 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. so the markets so worried about slow growth but really they shouldn't be too surprised because with the situation of role material prices so high oil prices so high there is a big factor of a slowdown in the world economy and there's obviously a lot of uncertainty about the eurozone and what will happen. and go 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 buying so in europe i don't think 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

all asian markets a fall of the global selling binge amid a fresh recession warnings and piling debt in the euro zone we're seeing a sea of red across the board with a stall in it china's flying growth contributing to trade our concerns our asia correspondent priya shrewder has more. and nationally when we were talking about the s. 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 asian 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 has to do with as you mentioned before the news that came from work at the morgan stanley bank that the united states in the euro zone or that 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 west 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 the global trend well let's get the very latest from marina at our business desk now i guess those hopes for a day in the black have been shattered well one can never know if the week we had last we never know which will end up going but yes the arts yes and then my six

open the trade in session in the red right now they're actually shouting about a percent but there are limits of all says so why that's how we have the business program will know which way it will end up 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 as our scale and ford reports. when a wave of revolution crashed over the middle east this spring. many said what ended in the streets began with one hundred forty characters or less on social media like twitter and facebook. something to harness the power of 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 centralized 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 mess 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 the illusion that you can run fishel economy devices without going through national systems and that may be true but they will they will not be outside of the us system young says the suitcase is just part of so-called liberation technology that has its advantages for the u.s. the prosecutor for being empowered said you know just to watch what you're doing

and probably influence what you're 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 from a cohen surveillance approach you have. you have. zero through a single you know national intelligence brand says romas claim is partly designed to manipulate social media one of the really more bizarre and dangerous well you. know promote. that you thought were. why would. you rather know this software would allow the u.s. military to push their agenda by flooding social media and other say there's a contradiction between support for internet freedom abroad and subpoenas allegedly q leaks collaborators at home including private bradley manning in san francisco police cut cell phone services on the metro during protests those who we say

francisco city government sure it is a hot pursuit and you can imagine. well you know you look at the united states does it 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. is us will spend seventy million dollars on internet circumvention technology in two thousand and eleven abroad even as tough questions remain at home. or to our t. washington d.c. and still ahead for you this hour a jaws attack in russia waters a second swimmer is mauled by a great white shark after a young man had his arms bitten off in a similar attack that stunned the country. and all eyes were in moscow skies with visitors to the city's international air show and joining the stunning

tricks of russian aerobatic experts largely going through all the highlights of the event. when all this is 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 as our reports despite being a dramatic events unfolding in the capital many were being kept in the dark. if you turned on your t.v. set in moscow on the morning of the nineteenth of all this one 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 tent crews themselves martin with the

coup ordered 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. 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. gorbachev's vice president and the defense minister they were terrified that gorbachev's 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 but you're finance in this circle out right treason they were going to ruin our country left. in a press conference later that day they said that gorbachev was ill and that they would take over in his absence but 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 want to 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 road they look pretty. very convincing and. i just got mad meanwhile on the streets the russian city cream soviet building the white house had 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 tank koreans to switch sides people flocked to join him and demand to play the chops return. if yeltsin tells you that was yeah solving

a command a trait is an enemy's whose 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 a tunnel the night protesters disillusioned with the communist party rose up to defend their hopes of democracy. kamaz son dimitriy was killed one would believe and out onto the roadway his friendly demetra had to drag him away while the machine rode out with my sons had and killed lead to marriage while. the current had failed and what's more it destroyed trust in the communist party which was then bad russia in november one nine hundred ninety one by the end of the year the very system they sought to keep alive the soviet union had ceased to exist dumbarton.

follow those three days in august one thousand nine hundred one a step by step in our special report throughout the day here on r t meanwhile there's more on the fallout from the attempted coup on our website that's our 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 in their attempt to save the empire. and others are not even aware the us s. r. is gone think we could still is a threat to the u.s. at least that's what republican presidential candidate michele bachmann believes and 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 jaws attack in the country's far east but robots are sweeping the area on the lookout for the prehistoric monster while local authorities are promised over three thousand dollars the person who can catch the creature from the deep. explores the dangers. nothing like this has ever happened here before russia has never

seen a shark attack let alone two in two days this sixteen year old boy was diving one hundred meters off shore when it appeared the young man's wet suit served as protection and saved him from death but both his legs were severely wounded. crying help help the shark had a big bowl but it was died out so some guys went out on to do and use of him and he gave first day only a day earlier at twenty five year old man lost his forearms trying to defend his wife when the couple was saved witnesses was shocked at what they saw but i would ask you if it was really scary a country even describe it the man's hands were chewed off and the boat was full of blood but your marks were all over his body doctors say they'd seen people of the bear and tiger attacks but this is the first time they've dealt with sharks some of

the victim does recall fighting the show he saw a big fish with fins about two metres long he fought in the sea and as it dragged him to the ocean floor twice. the attacks happened in the far eastern primly region that shares a border with north korea it is known for its beaches and clear water and swimming here has always been safe dangerous sharks don't usually go that far north in the sea of japan scientists believe the predator was a white shark a man eater and all trying to work out what it was doing here there were this type of shock really comes to our waters it's a species that lives in tropical and subtropical waters of the ocean but with global warming they're now starting to move more and more to the law 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 that any shark with sharp enough teeth and longer than. one point two metres can cause

serious injuries especially if there's food blood in the water however 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 who fish the sharks include them in throwing leftovers overboard but statistics show that fewer than one person per year on average is killed by sharks. but in response we humans killed 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. moscow now let's look at some other world news in brief this hour a series of suicide explosions have hit the afghan capital they were a compound run by the british government at least eight people were killed gunfire

was heard at the scene and witnesses said a stroke was rising from the area officials say the british council was a target the taliban claimed responsibility saying the assault marked the anniversary of independence from the u.k. in one nine hundred nineteen. israel's military says five rockets fired by the us 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 a wall a dozen were said to be. real israeli officials promise a strong response after assaults of vehicles near in egypt sporter left seven dead when was pointed at gaza militants although the hamas government denied their involvement. international pressure continues to mount on the syrian government with the u.s. and major interstates urging president assad to step down. so 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 un humanitarian team is jew in damascus on saturday to assess the situation on the ground syrian claims army operations against protesters have ended human rights groups say that more than two thousand people have been killed since demonstrations began in march. now a sudden storm that 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 giant screens at the venue there was panic among the festival goers as rain for down the winds whipped up and organizers estimate sixty thousand people were attending be a bit at a time. well the skies around moscow have been even busier than usual this week

with the max international air show seeing a flying machines performing all kinds of gravity defying stunts and r.t. is there for you. among those still in the lifeblood are big names in civil aviation like boeing air boss and the savory super jet with aircraft dealers in king billion dollar contracts pilots and their military a specialist helicopters have also been showing their skills also to aerobatic teams like the russian falcons and swifts who've torn up the skies with stunning tricks by the russian stealth fighter the two hundred fifty enjoyed its international debut seen as a rival to america's f. twenty two raptor our teams are not going to strike spring asset value that's a 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 abbey fans the t.

fifty is known as pack this is if he is still being developed so most of his technical specifications are top secret in fact as close as we can get to the real thing is this model right here but during the next airshow visitors get it sure we get the chance to see the jets in flight the first ever public display for the 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 if you're going to be asked the united states and russia are the only two countries in the world the top the technologically potential to implement a large scale national project for the development of a fifth generation jet fighter the fact that russia has demonstrated this years mount seir show is strong evidence that russian aviation is in

a very. the jets will reportedly be able to carry out combat duty in any weather at any time of day will feature. special coating which will make it less noticeable to and to aircraft craters and will be able to cruise at supersonic speed but most of the guesswork boils down to this when highly developed the russian 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 smaller than yours but at 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 so would fly safely at low near zero speeds it's safe even want to fly still first the data environment in a cockpit is also new the fighter provides intelligence support to the pilots or to 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 the max air show in macos co r.t. called ski school region all to stay with r.t. throughout the weekend for the best of this year's max airshow coverage. hands on. approach. should future flight. my party takes to the max airshow and marinas here next for the latest business news.

hello and welcome to business here on ars who 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 negative data from europe and the u.s. there are some voices have just opened and they are extending losses from the previous session while 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 data how do you rate the sentiment 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. and the increasing concern that a state of the global another global recession took a real hold on the markets yesterday and what plans are trying to do is to try to figure out where we go from here because there's so many on certain factors right now to some extent you can argue that the the current situation is actually more pakoras that it was in two thousand and seven given that policymakers are running

out of options 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 well there's a lot about certain issues 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. the good news i would say though is that we don't see the same kind of panic selling that we saw in two thousand and eight now you compare that with two thousand they would just say is the difference between the carrot style offer 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 just a continuation how far we can go that's a good question and if i knew i would tell my broker and i would tell you but i think in general we've sort of another twenty percent down i don't think is unthinkable. well some people are saying right now that the markets are driven by low volumes because it's the holiday season how will the situation change do you think whenever on back to business. well actually the volumes are more or less unchanged and actually have been some of the days to being pretty high on this sort of selloff and i think also if you look at the clients even though there 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 that probably positioned himself in a way that the feel more comfortable go on a vacation but also i think they've been on vacation in places where they actually have access to blackberry internet etc so i don't think there's a you know there's

a big difference this time around now if we can talk about the ruble for a second it has retreated against main currencies how deep do you think it can fall . well kind of you revise your forecasts i won't give you a specific number but really the ruble is held hostage to what happens with the dollar and with dollar price and given that we feel it's going to get worse before it gets better i think we could have further weakening and that could be further sort of accelerated by the populations responding to the shift in their savings into hard currency plus that we could see continuation of capital flight but you know hopefully passing october we should have hopefully again call me a situation that might give some additional fuel to fuel for a commodity prices and therefore the currency. right there peter west and she fact pretty strategists are absent thank you very much. thank you now let's take a look at the latest figures here asian bourses meet heavy losses following a sharp sell off in the u.s.

exporters are among the worst performers on the neck a with canon down two point six percent and citizen over fifty one percent in the red car makers are no exception the honda shutting around three percent this hour meanwhile energy stocks are the ones being hit the hardest in hong kong with petro china down around four percent that's why it's a euro the markets there are. are tracking losses in angel and we're seeing a sell off shortly after the opening. bid of its own as the clients who point three percent this hour after a proven investment to expound at home i'm in colombia and here in moscow the markets have opened and they are trading in negative territory extending thursday's losses artsy as is losing over one and a half percent of all my sex is down 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 abusing around two percent.

and that's all the business news for now for more stores you can always check out our websites our two dot com slash business headlines of acts of tests and.

well to british soil it's time to. market. find out what's really happening to the global economy with much stronger no holds barred look at the global financial headlines kaiser

reports. welcome back this is art to you live from moscow now here's a look at the main stories we're covering today the world's financial markets are can fall supply of fresh wave of selling amid fears the world economy is declining exports but a bleak forecast on american and european growth saying both are dangerously close to recession. the u.s. russia still harness foreign internet services thought to have played a pivotal role in the arab uprisings but critics say while spending millions to promote online freedom broad washington is out to gain more control over events through the web. russia remembers the attempted coup twenty years ago that this appears precipitated a breakup of the soviet union and ushered in a reborn country the failed.