bit by sharks in two days attacks that have never been seen before. and very warm welcome to this is our see a live from moscow stocks in europe have plummeted sharply after similar falls in asia investors are growing more anxious about the european financial situation and its leaders ability to resolve the debt crisis and a bushel reports this all comes amid new fears that the world economy may be on the verge of another recession. you're picking up where the us left off on thursday which is the there's a deadly cocktail of ingredients poisoning investors at the moment not only is america releasing toxic figures on employment 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 full cost for growth for the world economy a worrying sign there and asia is not being left out of this asian markets are also now there's a saying when the us when the us sneezes the rest of the world catches a cold and that's particularly true of asia which is export driven countries like china and india rely on the west to boy its products its computers its toys and so on so you understand why the whole world is suffering at the moment so this week's summit really raised more questions than it omes that they announced a single financial government for the utopian union but the people of europe say they don't want to it's in opinion polls that which raises real questions about the demo crissy over the you leaders just how democratic european leaders all it also doesn't point to the real enemy which is that many countries have too much debt and their economy is on competitive here in europe it really doesn't tackle those

issues and it's times like this when they may wish they had the safer job presenting news for example. ok daniel was joking about russian markets also suffering losses today following the downturn in stock exchanges around the world let's get the latest now from our business desk marina's by for us. safe is a double dip recession reflected in the mood of russian traders to them it seems well here in the us of course is we're heading to a two one slow extending losses from the previous session but now the r.t.s. is one point one thousand seven close and the market is one point ninety eight so they've recovered a little bit but investors are still concerned about the state of the global economy and the worst hits energy major. banking stocks we'll have the latest figures for you very shortly you know business. looking forward to getting all the details from you a little later this hour for now corrina. well still ahead this hour.

to change. course the unions took a major turn twenty years ago on this day down attempt to overthrow the government with staged on the streets of moscow. russia has refused to ban food cool made by the u.s. and the series lead to step down as president assad should be given time to implement promised reforms and that the country should be deft alone to sort out its political future. is in damascus with more. russia's position has always been clear syria definitely needs reforms detained definitely needed required in this country but president assad needs time to do that. the syrian leadership needs time to implement its reform program but significant steps towards that have already been taken the state of emergency has been lifted to the higher courts of

state security was abolished the decree allowing citizens from peaceful demonstrations was accepted by the syrians should negotiate not fight and the opposition as well as the regime is responsible for making that happen. it's russia all the presents. could only deteriorate things here on the ground and could. as transition into a democratic state at the same time russia has all the time to reach rating on that eve present our side doesn't keep his promises in that case this national community should react russia's delegation is a jew is a mask is very soon on the table to try to find out exactly what is going on on the ground how assad is feeling these promises while the situation on the ground he is here it is very complicated and i have to emphasize that the call from the u.s. and e.u.

for the syrian president to step down comes just hours after president bashar assad has announced that the military operation here in syria is over and had promised more reforms we've witnessed the army throw we've seen at least thirty tanks live in the city and inside the city we haven't seen and in ministry laught police has returned to duty meanwhile we are receiving reports and the raw media reports that based on the information received from protesters and local residents that's the army is still. on the ground. in latakia and even the reports that. the soldiers are firing from type to time to peaceful demonstrators but i have to emphasize and this is very important that these reports are very hard to verify because international journalists are not allowed to move freely here in the country as the syrian government says because it's dangerous. let's

cross live now to james cole but at itself an independent news website based in japan but with report many thanks for being with us. so what does moscow's position mean for the way that this crisis in syria could evolve well it's extremely important right now to to watch how russia's position in this unfolds because obviously we are entering into unthinkable times where the idea of military intervention in syria is on the table which is something that truly and in almost any other geopolitical situation which would be unthinkable but given the economic collapse that's proceeding apace we see people even on the far liberal left of the american establishment like like paul krugman arguing that for the keynesian style boost to that to the economy that major military intervention would give so so unfortunately with economic destabilization we often see this type of preparation

for a massive military intervention and unfortunately that seems to be the phase that we're in and only only a major force like russia seems at this stage capable of really preventing a repeat of what we saw in libya but there's been no public indication yet from any side the military intervention is on the cards we're only now at this stage of economic sanctions nor was there any real forewarning of the type of intervention that was going to be taking place in libya during the day preparatory phase of that campaign which of course started out as the u.n. security council resolution one thousand seventy. three of no fly zone which immediately became a bombing which immediately became the. overt attempt to overthrow gadhafi which was something that we were assured at the outset of the the hostilities was not something that was on the table so so we've seen how this is just a stepping stone to a later phase and unfortunately the the type of rhetoric that we've seen especially

with all of the major nato powers yesterday coming out with cameron and sarkozy and merkel and harper and obama and clinton all coming out simultaneously telling assad that he needs to step down it's exactly the type of preparatory phase that we saw in the lead up to the libyan campaign so. there what we do know for sure is that international delegations are on their way to syria to try and determine what's going on on the ground we know that russia is sending their own delegation as is the u.n. so how much do you think the international community where we know is about what's really going on on the ground in syria at the moment. that's an excellent question and i would say that the answer is next to nothing and that's reflected in so much of the reporting on the situation which so far in the western media has been relying very heavily on unverified sources activists and others because of course there is no ready for the international press to operate freely in syria since so

much of this is sourcing back to unverified and unverifiable in a lot of cases sources that quite frankly aren't worth the print paper they're not printed on we have a lot of claims about what's happening there but very little way of determining at this point what what really is and it would be it would be a travesty i think for the world community to be to be acting on unverified claims from from activists sources that that perhaps have a vested interest in cleaning things that are not really happening despite the credibility question moxy raise over some of the sources coming out of syria the has been lots of shocking footage to come out and shocking reports from eyewitnesses on the ground do you think that is why the western powers in particular have chosen this moment see ratchet up the pressure on the president assad to go. i think that it provides a convenient opportunity to ratchet up the pressure but i'm not particularly

convinced that we that we have any understanding of exactly how how this is playing out or who really is the aggressor in this situation we have the reports of assad's military be firing on unarmed protesters but we also have reports of protesters that have machine guns an anti-tank weapons and being supplied through turkey so those types of reports have been coming out in recent weeks but unfortunately have not been gaining a lot of traction in the western press ok i think that's a key piece of the puzzle that we need in order to figure out what's happening to the slightly these delegations going to syria will give us a clearer picture as to what is happening on the ground but let's talk about the possible alternatives for syria on this channel we've heard experts criticizing the western powers for not giving negotiations a chance in syria but instead calling for assad to go who could actually replace the president though at this point in syria. well that's an excellent

question and i think it's not for one for us to determine really i would say that that would be in the hands of the syrian people in whatever process can be put into play to enable them to have a voice in this process but i really don't don't see anywhere in the western media any sort of reflection of what even the official assad position is other than to the to the daily demonization of isn't regime and that's not a offered as a defense of his regime by any means but simply to say that that it's it's difficult to even see that viewpoint being reflected so it's at this point pretty much impossible to speculate on how things might play out if if assad does step down because we're just not getting that other side of the story and unfortunately about that plays into the hands of the people who are calling for for a deeper involvement as many have been calling for months in the western stablish when including the u.s. for for military intervention ok james kobe's editor of an independent news website

based in japan thank you for those thoughts thank you. there with all say still to come a shop giant jaws says horror on the beaches of russia's far east as the hunt begins for the shoggoth two young men in the space of today. it's twenty years ago to the day since a communist hardline staged a coup to overthrow mikhail gorbachev then president of the song but while it fail to topple the government it's widely seen as a pivotal fighter in the u.s.s.r. eventual collapse takes a look at how it changed the course of solve it history. if you turned on your t.v. set in moscow on the morning of the nineteenth will 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 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 good but you often yeltsin and this circle out right 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 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 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. tell me do you realize that you've conducted a could attack they look pretty very unconvincing 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 crews to switch sides people flocked to join him and demand the chops return. if yeltsin tells you that both the yards of your command 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 a tunnel and night protesters disillusioned with the communist party rose up to defend their hopes of democracy. of kamar son dimitriy was killed one would believe an out onto the road where his friendly duma tried to drag him away while the machine rolled over my sons had and killed were to mary's wow. cool fail and what's more it destroyed trust in the communist party which was then russia in november 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. . the israeli military and guards are exchanging deadly fire after a series of attacks allegedly by palestinians on thursday will seven israelis were killed after buses civilian vehicles and soldiers came under fire in the south of the country let's get some more analysis on this now and live to gaza and political analyst dr honey alabaster many. israel's been quick to tell abel thursday's attacks of terrorism but is that enough proof that these were in fact carried out by palestinians. in fact all palestinian political factions have their mind and a link or responsibility with this attack on the israeli side on despite this fact we have witnessed last night military operations against the gaza strip in which

syrian policy there were killed more than twenty people were wounded there's already side insisting that the palestinian factions have been standing behind this military against the israeli side in the lead but in fact as i say they all policy and political factions including hamas have denied any responsibility on this attack still that we can see last night and this morning there has been tension between the two sides in which some homemade all kits were launched from the gaza strip against israeli cities and. there has been some last minute all. institutions and this again is somebody senior political factions by the israeli military tanks and by the israeli helicopters that was last night i think tension is still there are standing and i expect in addition that some

attacks by the israeli military forces with taken place in the next few days and there this evening as well because days really side is still insisting that the palestinian factions will have the responsibility for their operation ok well if the palestinians didn't carry out those attacks then who did. well we still don't know there's already side there is the one who would know exactly the investigation there the israeli military forces and intelligence leading that palestinian factions are standing behind this military operations but we don't see any concrete evidence to suggest that the policy in effect is who did this operation or this attack in addition that there has been some communication between the egyptian side and the israeli side in order to investigate this case and to see exactly who is behind this operation until that point we have to wait and see ok let's talk about the timing now of all this is just weeks before the u.n.

vote on palestinian statehood is going to take place do you think that that's a factor in this recent spike in violence. yes i think there has been talk about this and i guess that there is a link between the case of policy and thirty going to the united nations next month trying to portray him. now behind this operation which had been lost yesterday no one knows exactly what the situation or what the information but still i think the israeli side trying to use this as a pretext to launch more really try to actually give us the palestinian civilians on a policy and actions i think the israeli military would like to do dies. before it's to go to the united nations to seek a palestinian state this is why on policy and political. party are trying to call

for calm and to try to call for ceasefire with the israeli side in order to prevent any attack against god or the west bank by the israeli military forces and in order to give a chance for the palestinian authority to go to the u.n. next moms to seek a palestinian state we're also looking at israel now and the timing of this thousands of israel's have been and continuing to protest against their own government's economic internal policies but do you think that an escalation in the conflict with hamas might we unite the israeli people perhaps we already know that one major demonstration with council that's a result of their. yes that we have witnessed for the past two weeks at major protests in sight and i guess to the israeli government who would use the protest in order to support its own stand against the government. i see now

there is really people who would be more united idealists a palestinian in this case i guess that netanyahu government and his coalition they would use this. tool might be their only form that is supposed to be able to end the war that in the report just inside israel. many thanks for being with us here on r.t. dot to honey i'll bust loose thank you feel thoughts. the classic horror movie jaws has become a reality in russia's far east which has been terrorized by a marine predator a cash rewards been offered by local authorities for the capture of the shark that savaged two people. tell the stories of the victims who were lucky to be alive. 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. who cry help help shark. but it was died out so some guys went out on to do. and gave first date. only a day earlier a twenty five year old man lost his forearms trying to defend his wife when the couple was saved witnesses were shocked at what they saw but i would ask if it was really scary a country even describe it the man's hands with chewed off and the boat was full of blood. the attacks happened in the far eastern primordial 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. this type of shark

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 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 dairy r.t. moscow time now for an update on all the latest in the world of business carrying a fair. hello and welcome to our business update this hour and we start with the top story

of the markets which plunged into another round of volatility with fears of an underlying double dip the sentiment was spurred by negative data from europe the u.s. and russian bourses haven't bucked the trend now for the latest on joined by a correspondent with us another cora. hello to you that is so what's the market looking like now. will american markets open in the red zone better than expected but still with both not the nasdaq and dow jones going down they began recovering slightly after the opening european markets have been losing going down all day. as to as they were doing to morrow slightly better though with both fitzy and the dax going down today dax lost about three percent yesterday lost more than five percent which is the most it has lost since the global financial turmoil. there was lied to cover it sound points on the european financial markets when the european

central bank bought a new pack of italian and spanish bonds but that that didn't last for long and it still bears game on those markets russians google is also losing at this point against the basket of main currencies due to the fact that foreign investors withdraw their money from our russian stock markets due to the panic or the european markets and how are some experts do think that there is a bright side to this current turbulence on a european stock markets and that is the fact that will prices and gas prices will go down if this tendency continues and that will mean a lower inflation. qantas norco thanks very much for this update let's cross over to the figures and let's hear how the markets are doing now u.s. stock futures have opened lower but both are down the nasdaq managed to recover and now. pointing upwards but economic jitters and uncertainty about financial finance continue to fuel another day of selling around the world stocks in europe have

recovered from early a shop falls but are still trading in the red the footsie is trading half a percent lower while the dayaks is down less than two percent some banking shares were hit again with lloyds lloyds banking group down five point four percent in london and france's b.m.p. party down three point nine percent here in moscow the markets are trading in negative territory sending purrs these losses the r.t.s. in the markets losing one and a half and nearly two percent respectively and here is the snapshot of the markets movers on the my six this hour energy majors among the decline as down two and a half percent banking stocks are worst hit spread bank is losing over five percent and bt be dropped over four percent now or will prices here are slightly up after an almost six percent decline on thursday concerns about the global economic recovery are weighing on crude over the we could doll is giving some support now light sweet is trading at eighty two dollars

a barrel while brant is up to almost one hundred eight dollars a barrel and a quick look at precious metals gold is trading at a new record high level as uncertainty about the global economy is pushing investors to say havens for prices now at above one thousand eight hundred and sixty dollars per ounce down sobers also up it's getting creamed half a cent. that's our update for this hour for most always you can always log on to our website i t dot com slash business or join me. hands

. closer to. the behind the approach. a mother church flights. are to take. to the max air show. british style. market. find out what's really happening to the global economy. we've got. the biggest issues get a human voice face to face with the news makers. this

is friday at the markets. they hit. and here's the world economies in decline. suggest the u.s. and europe are dangerously close to recession. cautioned against international change in syria saying president. it's twenty years to the day. against the president. while failing to. help bring about.