videos for your media drug free media are to. wave a panic on the world's markets the starts type amid growing fears over the global banking system or economic growth the. digital revolution south or social media played a key role in the arab spring so the u.s. splashes its cash to promote freedom online that critics say it's only after a slice of the action. a day of historic importance russia remembers the failed coup twenty years ago that precipitated a breakup of the soviet union and ushered in a reborn a country. and a jaws into russia a shard with a taste for human blood is great for bowling to people of the countries east of the

first ever attack on a human in the region. coming to you live from moscow you're watching our t.v. now to our top story europe's stock markets plummeted sharply in early trading on friday following a selling binge in asia well fresh recession warnings and the piling debt in the euro zone has seen a red across the board while european banks and companies are rapidly losing in price let's not get more from our e.u. correspondent daniel bushell. figures on the markets this morning really are really about surprising our day. that's right you're picking up where the u.s. left off on thursday which is the there's a goodly cocktail of ingredients poisoning investors at the moment not only is america releasing toxic figures on unemployment housing and so on yesterday was the

worst day for the footsie one of the world's biggest stock markets over in london in two and a half years on fears that the world will slump into recession taught by morgan stanley has slashed its forecast for growth for the world economy a worrying sign there and asia is not being left out of this asian markets rules now there's a saying when the us. sneezes the rest of the world catches a cold and that's particularly true of asia which is the export driven countries like china and india rely on the west and boy its products its computers its toys and so on so you understand why the whole world is suffering at the moment and also you know this is happening on the back of german and french leaders announcing their new save the euro zone and this certainly is not the reaction they were hoping for is that. this week's summit really raised more questions than it owns the to single financial government for the european union but the people of europe say they don't want it in opinion polls that which raises real questions about the

democracy of just how democratic european leaders are it also doesn't force the real enemy which is that many countries have too much it and their economies on competitive here in europe it really doesn't tackle those issues and there's times like this. they wish they have a safe job like the gentleman you for example ok thank you very much for that update to our correspondent there daniel pushup thank you. oh that's been a turbulent day on the asian markets while the stall in china's flying growth has contributed to radar concerns well earlier i spoke to mr shanks songs wall is a deputy director of the center for international monetary research he believes asia should it safeguard itself from exposure to the troubles in the u.s. and the euro zone. i think that these emotions of pentagon sort of you will last for a while i go along with people i want to about the circuit could be all served in a recession all for us are you calling me oh it's rose knees on the european call

me and you call me because pretty sure of getting china and a young king kong face a particular day in the korea china earlier we just become of very important economic and. dependence of all these ecologists on chinese fossil it goes so i think in the future asian countries we'll coordinate on the coordinates of a very close day to a state god's near you colonies i'm going there you rest in the from outside to show a competitor from the sharks from you or. a u.s. the chinese also if you don't want to make these economies much more independence so i think in the near future you will say though so many new steps will be taken by beijing also it is to us to be able to is oh are you calling me i'm just trying to stenson cooperation between china and the yosh and countries well russia markets are trading in the red following the global trend let's get the very latest from

arena and our business a desk now merida again of those holes for a day in the black they're certainly going now both inside best in the city looks like that if you can just see behind me it's a sea of red across the board and when it comes to russia both the arts yes and my six are losing more than two or half percent i won't point even past three percent now limits in the losses just ever so slightly and her two majors are among the worst performers spots gold prices keep climbing as investors look for safe haven asses and we'll tell you more about that in business shortly. well looking forward to seeing you then thanks very now. oh 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 and social media like twitter and facebook. nothing 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 most 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 before a comic who watches without point through the national systems and that may be true but they will not be outside the us system young says the suitcase is just part of so-called liberation technology that has its advantages for the u.s. prosecutor for being in power for you are sure to watch what you're doing and probably influence your doing and it isn't just governments according to the hackers collective anonymous which would be seventy thousand classified emails from defense contractor h.p. gary federal about the romas coin program. surveillance you have. zero group you know national intelligence. says romas claim is partly designed to manipulate social media one of the really more. well you. know. you were. and there were others

who know 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 of alleged wiki leaks collaborators at home including private bradley manning in san francisco police cut cell phone services on the metro during protests and those who leave the local san francisco city government over the short is a heartbeat and you can imagine. if you. look at it you don't see that 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 is order and criminality. the u.s. will spend seventy million dollars an internet circumvention technology in two thousand and eleven a bra even as tough questions remain at home. the one ford r.t.

washington d.c. . and still ahead for you this hour age charles attack and washing waters sucking swimmers mauled by a great white shark after a young man had his last words and often a similar attack that stunned the country and. stunning performances by aerobatics teams from across the world war zone aircraft what does all this mean in march two thousand and eleven as opened its doors to the public watch our report later in the program. now on august nineteenth twenty years ago muscovites had times 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 time barred reports despite dramatic events unfolding in the capital many were being kept in the dark. if you turned on your t.v.

sets in moscow on the morning of the nineteenth of all this ninety 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 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 and 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. it was an act of treason on the part of good which often yields in in a circle outright treason they were going to ruin our country. in a press conference later that day they said that gorbachev was ill and that they would take over in his absence of the 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 . bottle of accounting do you realize that you've conducted a critical they work 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 to switch sides people flocked to join him and demand the charts return. if yeltsin tells you to board the yacht of your commander traitors and enemies whose 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 from 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 he will rip only found out onto the road when his

friend legitimate tried to drag him away want a machine rode over my son's had and killed her to marriage wow. the coup had failed and what's more it destroyed trust in the communist party which was then russia and nov ninety ninety one by the end of the year the very system they sought to keep alive the soviet union had ceased to exist tom barton r.t. . well follow those three days in august night you know if you want to step by step in our special report less than twenty minutes side here on our t.v. meanwhile there's more on the fallout from the attempted website that's our t.v. 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 our. and others aren't even aware of the u.s.s.r. is gone thinking it's still a threat to the u.s. that results in a republican presidential candidate michele bachmann believes you can find out why

at r.t. dot com. well let's look at some other world news in brief this hour a series of suicide explosions of hit the afghan capital near a compound run by the british government at least ten people were killed gunfire was heard at the scene and witnesses said smoke was rising from the area officials say the british council was the target of the taliban claimed responsibility say the assault markby adverse or you forgot to say as independence from the u.k. in one nine hundred 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 wounded earlier israeli officials promised a strong response after assaults on vehicles near egypt's border left seven people

dead blame was pointed at gaza militants although the hamas government did not their involvement. to international pressure continues to mount all the syrian government would be us and the e.u. urging president assad to step down a sense of pressure economic sanctions have also been imposed in what is the biggest response so far to the violent crackdown on. government protesters say you and if you know terri and to me don't ask us on saturday to assess the situation on the ground well syria claims army operations against protesters have ended meanwhile some russian officials say moscow does not support the call for president assad to resign saying he should be given time to implement promised reforms. a sudden storm that swept through a popular open air music festival in belgium causing two stations 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 bet you there was panic along with us civil goers as rain poured down and winds whipped up organizers estimate sixty thousand people were attending the event at the time. they were killing machine has invaded russian waters as two men have so far fallen victim to what jaws attack of the country's far east patrol boats are sweeping the area on the lookout for the prehistoric monster while local authorities have promised over three thousand dollars to the person who could catch the creature from the deep artie's daria pushkov explores the dangers. nothing like this has ever happened before russia has never seen a shark attack let alone two in three 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 both his legs were severely wounded. and he

cried. but it was time to do something to do. the the first. only the airlie and 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 but i would estimate if it was really scary a country can describe it the man's hands were true dark and the boat was full of blood. 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 signed is illegal the predator was a white shark and man eater and are trying to work out what it was doing here. this total shock really comes to it's a species that lives in trouble 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 pingers to humans the rest are either too small live to d.c. 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 of blood 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 carried over r.t. moscow all of us guys around moscow have been even busier than usual this week with the max international air show seen flying machines performing all kinds of gravity defying stunts are things you got is good enough is there for you.

there are sounds of jet engines and programmers in the skies and scores of various aircraft on the ground what does all this mean in the much detail zero of an airshow has opened its doors to the public but really is couple of days it was primarily open. into 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 marks 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 key 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 extreme whatever ability that is definitely going to be one of the biggest violates 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 see good self fighter jet code named the t fifty and r t's beginning old school found out why this plane is a such strategic importance many have heard about it until now only a select few had seen it with their own eyes to add ation fans to t fifty is known as cock 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 air show visitors get a truly unique chance to see the jets in flight the first ever public display for

the fun the chance 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 were presented to the corporation say the project is so secret they can't even talk on camera about it so we have to give us the united states and russia are the only two 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 fight that russia is demonstrating to models that this year's marks here show as strong evidence that russian evasion is in a very good state here's 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 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 smaller than yours that of this being a new generation fighter it's much more comfortable a fly everything was designed with safety in mind it has thrust vectoring engine nozzles would fly safely at low near zero speeds it's safe even with a fly still first up to date environment in the 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 the nose carty you called ski oscar

region. stay with r.t. throughout the weekend for the best of the cirrus maps airshow coverage. closer. to the program. future flights. to the air show all in a few moments you can watch our special report on the events that took place in the russian capital twenty years ago and change the country's history forever but before that all the latest business news with marina. hello and welcome suppose this here on c.n.n. the markets have opened a sea of red from asia to europe there's very little to be positive about negative

data from europe and the u.s. have heightened fears of a double dip well to lighten the gloom or thank you notes will say i'm now joined by still columnist that saxo bank mr jacobson thing it's not us is now that's once upon a perhaps well you know it's never time to panic. obviously we're facing a true struggle in terms of the political environment in particularly in the in europe and to some extent in the u.s. but what the investors now needs to do is to look ahead and look long term because obviously a lot of stocks has gotten cheap relatively cheap the intrinsic value they carry but having said that the main focus right now in europe i think an introduction in the us is the banks and the banks ability to fund themselves which is treason is becoming an issue now what's going to be enough to turn the market do you think. well if you look at very clearly we need germany to commit who will hardly to this

process germany own sort of the deserving rights in terms of being able to. coordinate because as it is right now no one can everyone knows we're going to move to e.u. bonds eventually but there is a political struggle ahead of that so we need some sort of assurances that they are committed i don't think the emergency the merkel and sarkozy meeting last week was this week was it was any confidence fortunately but we need to germany to commit and we need some sort of. thing from the policymakers to get ahead of the curve and right now they're way behind the curve and it seems like to me at least politicians are not facing the real crisis. commitments and so on says from the e.u. now how likely is that so happen in the shorts are. a good question it seems from the political rhetoric and watching the domestic german agenda it's very unlikely but as you know as well as i do as when things comes to almost a standstill to crisis two point zero as i call it is present crisis then the

politician all the sudden find himself the ability to do something they should have done a long time ago what remains to be seen though is again to get ahead of the curve i think in order to save the european you take price we need to see at least three trillion dollars three trillion you're a story in terms of funds that made available i don't think that's like a very not so much how we look like we're going to be going into q four in q one and next year in a crisis mode but that's also how myself why not question it still has the market to come with such a dramatic falls that we're seeing right now. well if you look at value investing from bottom of investment obviously this is very very good science but you have to remember that investment is always based on the liquidity in which it's taken so what is important to note now for investors need to ensure in the long term is that there are several good stocks across the globe where you can now and bottom of reasonable prices but you have to cater for the fact that liquidity i banking side

of things will be increasingly under pressure you probably see the banks and you're having to recapitalize to some extent some of the u.s. banks also going through the same exercise so would you have is to balance the value in stocks with a lack of liquidity and it's just i think what you need to do is just to average yourself don't commit fully here don't get to some of these birds either but you know by five percent the cast for you this month five percent next month an average yourself into a good position i think not opinion that's the right play right now for contracts russian markets what do you think is the biggest concern the global sell off or the fall in price of oil neither actually i think the biggest concern for the russian market as i said when i was witnessing with you is that the capital outflow in russia continues to be there every single day in some way and other you need to stand the capital because that is in itself a huge statement that the domestic russians doesn't trust their own markets if you look at medium term long term i don't think the oil prices is

a big issue i think the world growth will come back we've seen growing signs that asia is now willing to ease monetary policy somewhat which is by by a long shot the biggest buy a new unit all of these days so all is not an issue the crisis is having some small intent right now in economic numbers will have a slightly bigger impact going to three months forward but in itself i think the major thing to watch right now is how you stem the outflow of capital in russia. still take up cynthia for calling us not saxo bank doesn't want us to lighten the gloom thought thank you very much for your insight thank you. now let's look at forces brought out of the top so we're going to the forces next hour that's all the business news for now more stories have trial but such articles cost business the headlines are next.

in the.