a wave of panic on the world's markets as stocks tank amid growing fears over the global banking system and a poor economic growth. digital revolution south or social media played a key role in the arab spring the u.s. block as its cash to promote freedom online but critics say it's some of the after slice of the action. a day of historic importance russia remembers the failed coup twenty years ago the precipitated the breakup of the soviet union and ushered in a new born a country. and it draws into russia a shark with a taste for human blood is blamed for all the two people of the countries east of the first ever attack on humans in the region.

broadcasting live from moscow you're watching our t.v. now to our top story europe's stock markets have plummeted sharply in early trading on friday following a selling binge in asia fresh recession warnings and the a piling debt in the euro zone has seen a red across the board while the stall in china's flying growth has contributed to trader 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 is in markets did fall friday today tokyo seoul and sydney

all picked up on the mound 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 the news that came from work at the morgan stanley bank that the united states in the euro zone or the euro could be facing a double dip recession and we're seeing that in the 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 us 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 good 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 let's now talk about what's happening on asian

bourses from mr shell songs was a deputy director of the center for international research joining us live from beijing now mr chang thank you very much for being on the program but when asian markets fell sharply fall the downgrade of the aaa rating of the u.s. analysts called it a panic short term reaction but what is that we're seeing right now that. oil right emotion over uncertainty around the person most progress to go where we. are the fulfillment of so full of the stock market in. all asian contrary suppose you could in china are very bad i think elise emotion of pentagon uncertainty will last a four y. o. i've been all people warning about the circuit to be a servant of recession all for us are you calling me oh it's about a japanese and the european call me and they also warning about the capital you float a whole spoken media capital you follow and appreciation pressure and also

a warning about the inflation we all become very serious and very bad in the future so people gone. all these issues ok you were talking earlier about the worries in asia as china especially about the second recession a double dip basically how do you think asia can safeguard itself from exposure to the troubles in the u.s. as well as the euro zone. yes i think you should hungary so we first are we are promoting the regional called ration of hmong them particular they will approach economical cooperation between china under gushing commentary severe trigger day in the korean china every year we become a very important economic good zone and because of. dependence of all these economists on chinese fossil it goes so i think in the future asian countries we

all coordinates on the cooperate very very close they to a state got their you colonies i'm going there you rest them in the from outside to show a capacity to from the shock of the euro and the u.s. ok you were talking about a dependency on china's economy has been going on for a while but you know investors are have also been concerned about going to such china's growth has been slowing but we have to say that china has been trying to slow down their economy bring it down a bit to cool it down how would beijing slowdown impact the rest of the world whether or not is self induced or market driven. years of all beijing are taking many measures of the policies of the steamy with investments or sold in convert to the foreign direct investment in china oversold they try and have many. policies to our reform the income distribution mechanism to try to you then seeing that disposal income off of all people and to try to stimulate that you

pointed to so i think if i assume these measures the chinese also if you don't want to make these economy much more independence so i think in the near future you will say though so many new steps will be taken by beijing all story is to be able to is over you call me on the title stance and cooperation between china and the yosh and countries thank you very much mr shots. director of the center for international monetary research thank you. well the russian markets are trading in the red are following the global trend while european banks and companies are rapidly losing in price let's get the very latest from a readout from our business desk so marina i guess those hopes for a day in the black have been shattered now well it definitely looks like it but then again one can never know with all the volatility we've seen lately right now the r.t.s. and them i say losing about three percent and the european markets open and they

are deep in the red extended periods these losses but it's basically a sea of red across the board like you said and we'll have all of the figures for you and our business program later in the program ok thank you very much for that marino. well social networks have played a pivotal role in the revolutions witnessed 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 to improve the world i couldn't say washington is motivated not by people's freedom but a desire for greater control as our key skill in ford now reports. when a wave of revolution crashed over the middle east this spring. many said and did in the streets began with one hundred forty characters or less and social media like twitter and facebook. being 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 would secretary clinton calls a venture capitalist 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 but 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. it's meant to give you a loser that you couldn't run if you look chronically watches without going through national systems and that may be true but they will not be outside of the u.s. system young says the suitcase is just part of so-called liberation technology that has its advantages for the u.s. to prosecute for being compelled. to watch what you're doing and probably influence

and it isn't just governments according to the hackers collective anonymous which really seventy thousand classified emails from defense contractor h.p. gary federal about the romance coin program. surveillance you have over to spreading rumors through our thing or you know national intelligence agent brown says romas claim is partly designed to manipulate social media one of. the youths who are. rich and there are other people who are not this software would allow the u.s. military to push their agenda by flooding social media but others say there's a contradiction between support for internet freedom abroad and subpoenas of elected wiki leaks collaborators at home including private bradley manning in san francisco police cut cell phone services on the metro during protests those who you

know what happens a source if you go to church is a person you can imagine. and you. know what you have seen through in following riots in london there is talk of shutting down social media we are working with the police and 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 and internet circumvention technology in two thousand and eleven abroad even as tough questions remain at home. when ford r.t. buttons in d.c. . there's still ahead for you this hour a jaws attack of russian waters a second swimmer is mauled by a great round shark now very young man had his arms it's an often a similar attack that stunned the country and. study the performances by aerobatics teams from across the world war zone aircraft mortars all this means he must go to

the level he has opened its doors to the public watch our report later in the program. when august nineteenth twenty years ago in moscow. 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 was artie's tom barton reports despite the 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 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. who 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 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 in 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'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 much of a new sin and it circled out my treason they were going to ruin our country. in a press conference later that day they said the call the trough 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 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 and tell me do you realize that you've conducted a critical they look pretty. very convincing. just got mad meanwhile on the streets the russian supremes 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 crews just switch sides people flocked to join him

and among the chops returned. he felt and tells you that both yards of your command are traitors and enemies who always will 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 rotunda the night the tester's disillusioned with the communist party rose up to defend their hopes of democracy. of kamaz son dimitriy was killed it won't work police are now down to the right where he is friendly demetriades to drag him away i want a machine rolled over my sons had and killed lead to marriage while. the coup had failed and what's more it destroyed trust in the communist party which was then bam russia and of them by ninety ninety 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.

. well following those three days in august one nine hundred ninety one step by step in our special report throughout the day our team meanwhile there's more of a fallout from be attempted coup on our blog site that's our it's in the dark hall read about those who still feel the fall of the soviet union was a disaster as russia's communist party believes school organizers world right there attempt to save the empire. and others aren't even aware of the u.s.s.r. is gone thinking it's still a threat to the u.s. at least that's what republican presidential candidate michele bachmann believes and find out why at r t v dot com. ok now let's look at some other world news in brief this hour a series of suicide explosions hit the afghan capital near a compound run by the british government at least eight people were killed and gunfire was heard at the scene and witnesses said the smoke was rising from the area officials say the british council was the target not

a taliban that claimed responsibility saying the assault marked the anniversary of the ghana says independence from the u.k. nineteen nineteen. israel's military says fired 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 while a dozen were said to be in wounded earlier israeli officials a promise a strong response out for ourselves and vehicles near egypt's border left seven people dead blamed was pointed at gaza at militants although we have lost government deny their involvement. international pressure continues to mount on the syrian government with the u.s. and a major eview states urging president assad to step down a set of fresh economic sanctions have also been imposed by washington in what's the biggest response so far to the violent crackdown on anti-government protesters

a u.n. humanitarian team is due and damascus on saturday to assess the situation on the ground syria claims army operations against protesters have ended or human rights groups say more than two thousand people have been killed since demonstrations began in march. oh a killing machine has invaded russian waters as two men have so far fallen victim to a draw attacking the country's four east troubles are sweeping the area on the lookout for the prehistoric monster while local authorities are promised over three thousand dollars to the person who can catch the creature from the deep artie's that it was cool but now 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 service

protection and saved him from death but both his legs were severely wounded. what you heard him crying help help the shark would be bull but it was died out so some guys went out on to do and use vision of energy firstly only a day earlier a twenty five year old man lost his forearms trying to defend his wife when the couple was saved witnesses were shocked at what they saw but i want us to really it was really scary a country even describe it the man's hands were chewed off and the boat was full of blood. the attacks happened in the far eastern primly region as 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 and man eater and are trying to work out what it was doing here. this type of shot really comes to 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 them all out of roughly three hundred sixty species of sharks just over thirty are known to be dangerous to humans the rest are either to small on live t.v. 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 in the water 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. artsy moscow other skies around moscow have been even busier than usual this week with a max international air show seeing a flying russians performing all kinds of gravity defying stunts marty siegel is going after is there for you.

there are sounds of jet engines and propellers in the skies and scores of various aircraft on the ground so what does all this mean they must two thousand and eleven air show has opened its doors to the public a previous couple of days it was primarily open to official and business delegations thinking out those billion dollar contracts with some big names of civil and military aircraft producers from all over the world but now everyone can enjoy these machines in their own eyes right here at the mox two thousand and eleven there's a lots in store for everyone to watch here at the air show we've already seen some stunning performances by the russian mates swifts and falcons we're expecting more from them there's also a great variety of areas helicopters for those heavy lowers health care including

this fifty two alligator one of the latest bill to be here in russia this is really a true green mean war machine if you notice it has a unique actual rotor system which gives it its stream maneuverability that is definitely going to be one of the biggest highlights of the air show seeing this machine out there in the skies with the pilots showing off their skills but probably the biggest highlight of this year's mox air show is deal latest russia's top secret self fighter jet the code names the t.v. fifty and r t's revealing though still found out why this plane is all such strategic importance knew you have heard about it until now only a select few had seen it with their own eyes to the nation pounds eighty fifty is known as pac this is if he is still being developed seven also his technical

specifications are top secret in fact us closest we can get to the real thing is this model right here but during the next air show visitors to get it sure we can meet chance to see the. in flight the first ever public display for. the jets 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 we're presenting gives of the corporation say the project is so secret they can't even talk on camera about it so it never got the best of the united states and russia are the only true countries in the world that have the technological potential to implement a large scale national project for the development of a fifth generation jet fighter the fact that russia has demonstrated this year's match there's still a strong evidence that russian navy ship 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

a special coating which will make it less noticeable to anti aircraft breeders and will be able to cruise at supersonic speed but most of the guesswork boils down to this when both 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 it's not a premise that 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 noises so would fly safely at low near zero speeds it's safe even with a fly still first date environment and a clock that is also new the fighter provides intelligence support to the pilots on board 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 that the next air show in those carty ski region. as you say with r.t. throughout the weekend for the best of this year's knox air show coverage. in the approach. shaped future flights. players are to take to the max air show. now it's time for business with marina. hello and welcome to business here on arts now we start of course with the markets which plunged into another round of volatility with fears of an underlying double

dip the sentiment goes forward by a bouquet of negative data from europe and the u.s. and the russian forces have already opened and are already extended also from the previous session we'll follow the latest on now joined by of course former who's there for us on the dollar what can you tell us how does the early trade look like . were with the russians that markets open today in the red zone and continue to drive dying down but i guess it was a surprise to anyone because russia's blue chips i went down quickly yesterday with spare bank losing six point three percent gas from going down as well and of course russian markets are open to being dragged down but right by what's happening on the european stock markets fitzy going down and dax lost over five percent yesterday that's more the index has lost since the global the most index has lost since the global economic turmoil since november two thousand and eight some experts however say there is a silver lining to their vote so it's your european stock market that is the fact

that oil and gas prices will go down and inflation will be lower but of course this panic causes investors withdraw their money from emerging economies russian economy as well and of course that makes r.v.'s and my six go down but the question but experts advising right now is this whether it's time to panic whether what we're witnessing right now is similar to what happens in two thousand and eight well if you look at r.t.s. as my six the tendency is clear the indexes are going down despite several doubt scout bam so we're seeing lots of the same time if you take a look at the big picture the lowest bowings r.d.s. has reached in the book in two thousand and eight in the bammer two thousand and eight. with just over six hundred points in white now the index is still a few points five times more than that so perhaps it's not just a time to panic. or definitely a sea of red across the board with ali and will actually have a look at it right now thank you so much for you all day well let's look at the

asian markets first forces there meet heavy losses following a sharp sell off in the u.s. exporters are among the worst performers on the one hand then down two point six percent and citizen over to sides in the red and carmakers there are no exception honda is setting around three percent this hour and we're all energy stocks are the ones being hit the hardest the hong kong with petro china down around the world for sides let's move over to europe the markets there are tracking losses in asia and were seen as selloff b.h.p. billiton home is the climb in two point three percent this hour and that's after approval investments expire at columbine and columbia and here in most guys it's obvious that the markets are trading in negative territory x. the end of thursday's losses yes is now down over three percent although my sense is head in that direction let's take a snapshot of the market movers on the my psych's energy majors are among the worst performers with gasper all down over three percent new york banking stocks are also

on the pressure with those burbank ending to be losing almost for life whose side this hour and the oil prices continue falling after an almost six percent decline on thursday concerns about global economic recovery are weighing on crude thoughts the week of dollar is given some supports that w.t.r. is out around seventy nine dollars per barrel while the bryants has fallen to one hundred five dollars a barrel and a quick look now at precious metals gold is trading at a new record high level as uncertainty about the global economy is pushing investors back to say favorites this fall weiss is now out of one thousand eight hundred sixty dollars per ounce and silver is also up it's gaining almost two percent this hour. that's all business is for now the headlines are next with. so. the.

morning when the t.v. newsman stolen i'm out like. a man morning. while the streets of the be the turning point in russia's history. was a justified move forward. remembering one a since the battle for democracy. on our cheek.