broadcasting live from moscow you're watching our t.v. now to our top story europe 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. initially 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 an 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 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 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 song's wall who's the deputy director of the center for international monetary research joining us live from beijing thank you very much for being on the

program now when asian markets fell sharply following 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. well. there you motion over uncertainty. to go where. are the performers so focus. in on. all asian common trace of educating china are very bad i think that these emotions of pentagon sort of there will last for a while people warning about the circuit the diva all circling the recession all for us are you calling me as well as the japanese on the euro being called me and they also warning about the capital you flow in the halls speculating capital you full and appreciation pressure and also a warning about the inflation will become very serious and very bad in the future

so people of. all these issues i mean you were talking earlier about the worries in asia 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 countries so we are first are we are promoting the regional cooperation among them particular they will promote economic a corporation china on the young contrary supposed to could i in the china area or we should has become a very important economic good zone and. dependence of all these economists on chinese girls so i think in the future asian countries we all coordinate on the call very very closely to a safeguards there you call abuse and then there you rest them in the from outside to show a competitor to from the show from you or. a us ok you were talking

about our dependency on china's economy it has been going on for a while but you know investors are have also been concerned about by the news that 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. yes you know. many measures of the policies of those with private investment in congress to the foreign direct investment in china are sold they tried many. policies to our reform the in comp distribution mechanism trying to you that disposal income of the level people and to try to. employment so i think about all these measures that china is all story to wants to make to be much more independent

so i think in the near future you will see so many steps taken by beijing. oh you call me on to try to strengthen cooperation between china and countries ok thank you very much mr. deputy director of the center for international monetary research thank you. well the russian markets are trading in the red following the global trend while european banks and companies are rapidly losing in price let's get the very latest from our readout from our business desk so marina i guess those holes 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. right now the r.t.s. and the my sites are both losing about three percent and the european markets open and they are deep in the red extend in thursday's losses but it's basically a sea of red across the board like you said and we'll have all 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 but critics say washington is motivated not by people's freedom but a desire for greater control as our 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 on social media like twitter and facebook. hoping 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 would 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 mesh technology that runs their cell phones and other devices making it harder to cut the founder of his own clearing house 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 usual economy devices without going through national systems and that may be true but they will not be outside the u.s. young says the suitcase is just part of so-called liberation technology that has its advantages for the u.s. the prosecutor for being in power 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. surveillance project you have. you have who participating oh through our you know national intelligence agency brown says romas claim is partly designed to manipulate social media one of the really more bizarre and dangerous believes that will come to light we. promote. the use of star who are by which single person can pretend to be there are other people who are not this software would allow the u.s. military to push their agenda by flooding social media. others say there's a contradiction between support for internet freedom abroad and subpoenas allegedly wiki leaks collaborators at home including private bradley manning in san francisco police cut cell phone services on the metro during protests those who we know or san francisco city government open to charges of hypocrisy and you can imagine. well our look at the united states as

a tool in following 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 on internet circumvention technology in two thousand and eleven abroad even as tough questions remain at home. when ford r. t. washington d.c. . and still ahead for you this hour a jaws attack of russian 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. stunning performances by aerobatics teams from across the world war zone aircraft what is all this mean he must've been eleven has opened its doors to the public watch our report later in the program.

when august nineteenth twenty years ago moscow 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 was artie's tom barton reports despite the 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 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. 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. 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 gorbachev a new sin and 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 in 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 . got a bottle of the tell me do you realize that you've conducted a credit they look pretty. very convincing and. 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 crew to switch sides people flocked to join him and demand to prove the chops return. if yeltsin tells you that both the yeahs of and your commander are traitors and enemies 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 the rotunda of the night protesters disillusioned with the communist party rose up to defend their hopes of democracy. of kamaz son dimitriy was killed in one would believe an out onto the road where his friend led him and tried to drag him away while the machine rode out with my sons had and killed lead to mary's wow. the coup had failed and what's more it destroyed trust in the communist party which was then bam 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 r.t. . well follow those three days in august one thousand nine hundred one step by step in our special report throughout the day you want to read while there is more on

the fallout from the attempted coup on our website that's hard to. read about those who still feel the fall of the soviet union was a disaster as russia's communist party building school organizers world write their attempt to save par. and all the others aren't even aware 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 ganas sense independence from the u.k. nineteen 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 while a dozen were said to be in wounded earlier israeli officials have promised a strong response south of souls and vehicles near egypt's border left seven people dead now blame was pointed at gaza 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 ego 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 in wall a year when a 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. so a killing machine has invaded russian waters as two men have so far fallen victim to a jaws attack in the country's four east but robots are souping the area on the lookout for the prius story monster while local authorities are promised over three thousand dollars to the person who can capture the creature from the deep artie's we're 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 wetsuit service protection and saved him from death but both his legs were severely wounded. shot. but it was died out so some guys went out on to do. and give first

aid only a day earlier and 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 that i would just give it if it was really scary a countryman describe it the man's hands would chewed off and the boat was full of blood. the attacks happened in the far eastern prewar your 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 are trying to work out what it was doing here only. 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 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. r t moscow. the skies around moscow have been even busier than usual this week with a max international air show saying why were shane's performing all kinds of gravity defying stunts arty siegel is going to have is there for you. there are sounds of jet engines on propellers in the skies and scores of various

aircraft on the ground what does all this mean the must two thousand and eleven air show has opened its doors to the public the previous couple of days it was primarily open to official and business delegations inking 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 russia knights swifts and falcons we're expecting more from them there's also a great variety of various helicopters for those heavy lowers out there 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. rotor system which gives it extreme and over ability that is definitely going to be one of the biggest highlights at the air show seen 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 named the t fifty and r t c dealing though still found out why this plane is all such strategic importance many have heard about it until now only a select few had seen it with their own eyes to the nation fans the t. fifty is known as pack this is if he is still being developed seven also 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 air show visitors get a true chance to see this. in flight the first ever public display for. the jets

is being developed by the sukhoi design bureau under the watchful eyes of the united aircraft corporation and the entire project is shrouded in mystery in fact representatives of the corporation say the project is so secret they can't even talk on camera about it so if the united states and russia are the only two countries in the world technologically potential to implement a large scale national project for the development of a fifth generation fighter the fight that russia is demonstrating. 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 a special coating which will make it less noticeable to and to aircraft traders and will be able to cruise at supersonic speed but most of the guesswork boils down to

this when fully 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 smart 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 so it fly safely at near zero speed it's safe even when a fly still first up to date environment in the cockpit is also the fighter provides intelligence support to the pilots. 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 the ghost carty ski school region. i do say with r.t.

throughout the weekend for the best of this year's max airshow coverage. of the. future. our team takes to the air show now it's time for business with marina. hello and welcome to business here on arts you know we start of course with the markets which plunged into another round of volatility with fears of an underlying double dip the sentiment was floored by a bouquet of negative data from europe and the u.s. and the russian forces have already opened and are already extended losses from the previous session while for the latest on now joined by of course former who's there

for us now not that what can you tell us how does the early trade look like. the russian stock 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 being dragged down by white 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 the bullets it was you know european stock markets that is the fact that oil and gas prices will go down and inflation will be lowered but of course this ban it causes investors withdraw their money from emerging economies

russian economy as well and of course that makes r.t.s. and my six go down but the question that 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 balances we're seeing shots at the same time if you take a look at the big picture the lowest points r.t.s. has reached in the vote in two thousand and eight in the van with 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 the time to panic. well it's definitely a sea of red across the board that 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 neck

a with ten then down two point six percent and citizen overfill who sides in the ride and car makers there are no exception honda is shedding around three percent this hour and meanwhile energy stocks are the ones being hit hard that's 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 sell off b.h.p. billiton is the climb in two point three percent this hour and that's after a group of investments a coal mine in colombia and here in moscow is natalia said the markets are trading in negative territory x. then the there's there's also this the arts yes is now down over three percent all the 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 jasper all down over three percent banking stocks are also on the pressure with those burbank n.v. to be losing almost five percent this hour and oil prices continue falling after an

almost six percent decline on thursday concerns about global economic recovery are weighing on crude thoughts the weak a dollar is given some support the w. is at around seventy nine dollars per barrel while bryant 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 price is now at above 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.

morning when the t.v. news looks. like. while the streets of the come up the turning point in russia. was just implied move forward. since the battle for democracy a monarchy. and

watching our live from moscow let's now have a look at the main stories we're covering for you today the world's financial markets are convulsed by a fresh wave of selling amid fears the world economy is declining exports but a break for callsign american and european growth saying both are dangerously close to recession in the u.s. russia still part us foreign internet service is thought to have played a pivotal role in the arab uprisings but critics say. while spending billions to promote online freedom abroad washington is out to gain more control over events through the web. rush hour remember of the attempted coup twenty years ago that precipitated the breakup of the soviet union and after did.