there aren't. very. friendly. dynamics. so do friends but. months go. u.k. jets dropped missiles on colonel gadhafi as bunker in his hometown of libya meanwhile there's concern the war in the country could leave its chemical weapons in the wrong hands. france's struggles to balance the books stagnating growth and surging bring about government cuts with fears public outrage could soon spread out onto the streets. of the caucasus republic of abkhazia is electing a new leader in a vote triggered by the death of its president. is the final countdown to the tide results and how we'll have more analysis and business live on twenty minutes.

worldwide news live from moscow this is r.t. with me. british tornado jets fired cruise missiles at the command and control bunker of colonel gadhafi hometown of sirte it comes that despite nato has previous denials that it would assist rebels in the hunt for gadhafi whose whereabouts is still unknown libyan rebels are rebels rather also a building up their forces on the road to the city sending tanks and rocket launchers and u.n. has called on both sides overstrained amid reports of abuse of the security council has also agreed to release one point five billion dollars in libyan assets to help deal with humanitarian needs meanwhile the pentagon says monitoring libyan sites containing stockpiles of chemical weapons and is pledging to prevent them from falling into the wrong hands it's thought the arsenals could include mustard gas and uranium as autism or any reports that's causing concern with some rebel

factions have been infiltrated by islamic extremists. tripoli a city in chaos that's called. gunfire both aggressive and celebrate and on the outskirts of the capital stockpiles of chemical weapons nature know very little about the people who might come to power in. tripoli so now if you've got this cache of weapons of mass destruction then again people really don't know what's there and if this is falling into the hands of people i mean the situation is potentially disastrous despite the heavy presence of rebels in tripoli the chemical stockpile appears still to be in the hands of what's left of these governments that's both good and bad news following a series of meetings in two thousand and three moammar gadhafi agreed to allow weapons inspectors into libya the first step towards a bands of

a w m d program in return for a normalizing of relations with the u.k. and us they agreed that he wouldn't use all move the material but now thanks in part to nato support of the rebels he's on the back foot and may feel he has nothing to lose by disregarding that agreement cry victory or martyrdom will strike an ominous note to those who know his weapons potential given the violations of. national territory of libya by nato led rebel forces i think that the idea that he would be called into these types of. grievance would be off the table at this point and certainly he was called into seeing in early july that he would be willing to strike out in europe if tripoli was attacked so i think it's a fair assumption to say that if there is that capability that he would be looking at an option at this point. but the alternative rebel control of chemical weapons is arguably worse according to many some of the rebel factions have links to al

qaida or of commentator abdel bari atwan says the west got itself into this trouble now it has to decide how it will figure it out and. the options aren't attractive we knew that the majority of the people who are fighting prepare for that are muslim extremists so how the vehicle is we could deal with those people are very mobile of kind of combat i believe there. will be more problematic than that. if you are there are some indications nato is considering putting peacekeeping troops on the ground in libya we general experts warn that could be seen by parts of the free libya movement as an act of aggression but having supported the rebel movement may to must now deal with the consequences even if that's w m d armed islamic extremists nor and its our teams. meanwhile journalist and broadcaster in new york clarke says the use of this information by all sides as

a whole mark of the conflict. what is very clear is happening here is the rebels are trying to teach this to the international audience and trying to make out their complete control of the country but the doubt is finished that the war is basically over and that everyone supports them the situation is rob walker complex and it's a very very divided society along tribal lines and they've got the regime which was secular did manage to hold the country together for a long period and now we're going to see tribal warfare and it's very clear that he still has lots of support the view in the west these pools that you have no support and everybody behind me opposition but it isn't true what nato has done here basically transform a situation where there was a demonstration against the g of a into a full scale civil war and i don't hold the line that nato is needed anymore the western powers who. really want to get their money back and they want to get money

they want to profits this whole enterprise what about military intervention that was entirely bogus it was over the. top. and installing a new regime which would hand out the contracts to western companies and would be much more amenable to to american its allies generally and so the money is going to go to western corporations it isn't going to go to the people and. journalists broadcast on your clock those commenting on a post could definitely be. you with r.t. now the richest sector of french society are pledging another three percent of their annual income to help a country battle its deepening debt crisis the french prime minister and also some twelve billion euro worth of cuts alongside gloomy forecast for growth because that is a done a bushel explains that the move could be too little too late for fears that social unrest could be next in line. france enjoys a triple a credit rating but now put it one of the boys ratios among the world's

top rated states many investors but told it to follow the u.s. and be downgraded just repaying interest on its debt this year has overtaken education and defense as the government's biggest spend was just mr causes presided over the biggest jump and levels in our history books that carry too much water sink. france has gone a bit taller. it's a prime minister that seeks plain you rolled up spending cuts this week but economists fear things are so bad those cuts go nowhere near enough and you can compare it with people saying we're going to buy a lumber genie and the only buy a porsche and they call that austerity doctors warned france these huge pit burden is bringing crudely under-investment in schools and hospitals. and getting. into. computers.

fashion. the situations explosive say experts and frauds could be next to witness roy it's like those in britain with the proved regions the likely spark the inner part of cities and the suburbs. are socially segregated to very high extent far more so than in the u.k. or in germany so yes unrest in the suburbs and spread through nicolas sarkozy's flying a fall from france as he can on budget they take pacific island of new caledonia with students planning street protests over the cuts he's left the job of presenting a his prime minister to let them take their. for and hopefully unions students retirees can march directly in protest against the ministers while he's paving in

the sun so these absence in this time of crisis writes leading newspaper le figaro may be clear both politically but his failure to tackle the country's troubles now could be creating even greater problems for the future of the new c. just ten minutes past the hour now here in moscow you are with i still have you this hour progress report six plus try to stop the cause of russia's unmanned spacecraft crash look into how it would affect the crew but the international space station had been awaiting vital supply. of the stuff to help people in a central russian region are taking the initiative back into their own hands to change their communities for the better. team was a movie where the gold rush still gets people like. this time margi goes to zero three. where the local government is giving power back to the

people. where everyone will be. straining their land into a tourist paradox. should close up on our. british. markets. find out what's really happening to the global economy for a look at the global financial headlines. there's a report. back in without a lot from moscow. is electing and following the recent death of us president.

to concentrate on the country faces a number of challenges in the wake of its long fight for independence from georgia . there's many people out today wanting to have a say in the future of their country here in the capitals of whom the central election commission here in so common now because he has predicted a seventy percent turnout among three candidates for the moment there's no real leader between them is no real front runner this obvious just yet all of this is made necessary by the death of the previous president surrogate which on the twenty ninth of may he died suddenly leaving power vacuum in his place and now three candidates the vice president the prime minister and another former vice president are all campaigning to try and take his spot many international observers have come to try and look at this election to see if it's fair and how it's being conducted

from the region from europe and from further abroad when i was invited to. have a very quick reaction from georgia who says oh no don't know yours or it but my impression is good it can be exactly the support of what you're doing here you know because you're fighting for your summer and to your tune of the independence democracy so i appreciate the context of this country in hours of the people fighting for the freedom this election comes on an important day for abkhazia as it was this day three years ago when russian president dmitri medvedev recognized his independence from georgia the primary reason for that was the georgia had attacked south of setia that another tiny caucasus republic in august of two thousand and eight and it came on the back of that and fears that there may also be violence here and that ended a long struggle for independence for the people which started after the breakup of

the soviet union all that conflict though left of cars is infrastructure very damaged and very weak and its main industries are going to need a lot of building up and i think that's what are the really going to want from their next president. obviously gotten reporting right there now emergency crews have so far failed to find the wreckage of the unmanned russian spacecraft that crashed on wednesday experts say parts of the progress vessel may have burned up in the atmosphere while falling down the spaceship was carrying supplies to the international space station when it malfunctioned shortly after launch it crashed into southern siberia triggering fears its toxic fuel could be dangerous for locals and of course the environment so far there are no reports of any damage investigators our experts are now looking into what could have caused the incident the government ordered a tougher control of spacious meantime after the second of rocket failure in russia in less than a week. right so nearly quarter past the hour here in the russian capital with r.t.

let's check out some headlines now from all around the world a huge explosion going off at the u.n. building in nigeria's capital abuja one complete wing of the building was leveled by the blast and eyewitnesses report bodies being pulled from the rubble roll injury victims are being rushed to hospital the american embassy and other diplomatic buildings are also in the same district it follows a number of attacks by islamic militants in the city. transport minister has announced his resignation clearing the way for the country's sixth in five years and also has been under fire for his response to the massive earthquake and tsunami earlier this year and the radiation crisis that followed a month of potential successors of the current foreign finance and trade ministers and you will face a number of challenges including rebuilding from the devastation and problems caused by the strong yen which is holding back economic recovery. a state of emergency has been declared in many parts of america's east coast.

presence. of ordered evacuations from a low lying. around two hundred thousand people have already fled. in the caribbean causing destruction as well as flooding and power cuts. northern mexico is the left at least fifty three people injured. and the facilities with. three explosions before the fire. one of mexico's. president called the wrong offensive against drug cartels five years ago. twenty four hours a day in. new york police and the cia.

operation. arrives in russia to join. with a hefty salary to boot. is . the official t. hundred k. should join

a phone oh i pod touch from the i choose option. geology and life on the go. video on demand parties my old girls. and allison street now in the palm of your. machine on the dot com. good to have you with us here on our research and now it's time for our latest and our close ups areas are where we explore undiscovered parts of russia. and today we're in the killed off a region it's famous for its natural beauty and stunning countryside and as we explore the region our t.v. quarter over the explains how people there are taking matters into their own hands as they tackle local problems. they got what they asked for two

slides a sand bank and beach i might not seem like much but for small community in the cure of region they've become a leisure hotspot they used to be no one here it was abandoned now when the sun is out you can get at least. this type of project only cost five thousand dollars but it was no money in the local budget to build safe access to the lake until the regional government introduced a local initiative scheme when they heard of it club together and applied for a grown from a special fund with the beach was laid. off if a previous people who were consulted over those decisions were told it and i think it's a result of people york after this property. deal of micro projects jointly by the world bank and the cure of administration they provide pieces of the money while local citizens have to find the rest often go around houses to collect because nearly two hundred micro projects will be built in this region but end of the year

. we want to change people's attitudes instead of expecting things done for them we want to take initiative we are giving power to the people. this might look like a women's institute meeting in a village hall in fact the participants are thrashing out the details of a new road there is heated debate about the quality of the works and what of the builders are falling behind. unlike other projects the financing of the road is completely transparent we know where every rouble has gone. the village of color charity has just over a thousand residents several hundred of them petty criminals serving time in a labor colony because one poorly stocked shop and for every road built homes more that need to be repaired. one micro project will not solve its problems but it is a start now the government can't just rely on its citizens to come up with a solution for every single infrastructural problem that faces russia but in

a place where major decisions are often made with little consultation for the foreseeable future this program is a good idea either on or. care of region. headlines are for you in about ten minutes time here i'd say but for the meanwhile it's the business. hello and welcome to the business update zero hour is approaching for ben bernanke you to outline his vision of hope to save the u.s. from slipping back into recession the markets will be kinley watching the federal reserve's annual meeting in jackson hole and i'll be looking for hints that the money printing press will once again to start high whether to mccutcheon vocal gold

believes that that has find its some a nation and all its got laughed out blanks. all of the money has already been printed there's already massive cash reserves both outside of the us on a corporate level as well as at the federal reserve bank. and their own balance sheet and they bought up all of the mortgages and everything else and i can confound their name so no matter what they do they're really sort of a rock and a hard place if economic activity picks up in the us then velocity picks up money starts moving more and more and there's a lot more money than there was three years ago that's inflationary if the economic economy doesn't pick up and they go to print more more money to cover the the budget surplus if they have which again it's inflationary so they really don't have much choice the only thing they can do is raise rates but if they do that they're going to kill all the homeowners in the u.s. who are underwater on their mortgages so there's really not much more bernanke you can say frankly i'm frightened what's already been so. there's all eyes on been bernanke a speech where he's making in less than three hours slots to look at the markets or prices down just by peers that hurricane irene could just drop refinery production

on the east coast will be us and our trees steve thirty six also north of the gold market the precious metals once again climbing on monday it's reached a record high of nineteen hundred dollars per ounce this was followed by a three day correction so what is spot this hour. just returning here appeals to rally and it will take much like again with this statement sudden turn negative comment to miss continuing on friday with many of us just sidelines and head of that thought that statement taxes losing two percent. and quite a different picture here in russia my six spots and there are chances getting moving half a percent let's have a look at some of the individual share moves in the minus six factionalized up from gaining almost triple first tough net profits meanwhile still make m.k. is down the company posted thirteen million dollars net profit in the second quarter will be here well below analyst expectations and enough to still major etc

stung bounced back from earlier losses it's closer to six. seems the sun rise in the second quarter profits that's also a little forecast. russian equities have been struggling to find any positive momentum and trade but done about gazprom banks says investors should look to fundamental stories for a safer bet. these radicals stick with fundamentals and they go for the stores which are in any event cheap and provided well you. actually quote if you are russian market i would point out probably one of the stores where the gifts are through socialist guest despite all the things three of the company it's company with there were assets that i would say there was there were problems of the sharp sell off during the last couple weeks it's know it again everybody of the community . all sorts of media stocks as world's largest us media for example and then again i think. you can write the really far and expensive story the question is not the

price of question this being the market friends which are. again i would repeat predictable in russia where we as a part of global partnership. universe. is dependent to it. russia stakes for choosing on oil will increase six dollars to four hundred forty four dollars per ton in september and on thursday prime minister putin has also signed russia's new product export to ship regime this is intended to increase investment in refining and help avoid repetition of the fuel shortages in the c.f. . you know the news russia's biggest private gas producer not attack has got a license to develop fulfills and gets a period analysts estimate as opposed to contain at least truman cubic meters of not trunk outs the company is already represented in the region where they jointly runs that liquefied natural gas project with gas from. two partners the world's top

mean you may console want to solve a stake just the tycoon additional smaller according to russian daily betterness t.v. critics in background lend out thought because something is sixteen percent stake worth up to four point seven billion dollars they. may know not to get it passed the house the right of first refusal to buy this. that's a better than what we can call truth conflict between two solid rules let's go over management let's not make it work for some fifteen percent. finally russia's car market is in a state of rude health production has grown six to seven percent year on year and is on course to make around two million cars and twenty eleven how well a lack of locally produced car parts is stifling a full scale modernization of the sector michael reports. it's always been about oil russia's economy is linked to black gold as if by an umbilical cord it's

no wonder the government wants to diversify one of the big hopes is the car industry but what stifling its growth is a deficit of locally produced parts of this car has been completely assembled in the kaluga region of russia however it has very few locally produced. and the new assembly line rules of the government is trying to mend this will have to change because the creases that eventually all cars made in russia will have to have at least sixty percent of the locally produced components it effectively obliges companies to establish operations in russia from the ground up we're expecting sales to increase strong way in the medium term over the next five ten years and then of those cells we expect in the percentage that are produced in russia to increase so that kind of multiply that and then the number of components locally produced in that production is going to increase significantly with the new decree and the focus on mobilization the new rules of race concerns they may hamper

investment in final assembly vehicle plants but for the most part reaction has been positive the differences with three i mean i i think it's it's again i don't see a lot of opportunity of improvement russia is still a long way from winning it's of oil but analysts say the country could become europe's largest. our producer has barring any further hiccups in the global economy it has the potential to overtake germany as the big market in as little as three years michael kocher into business r.t. . that's all we have time for now york today to martin cost will bring you another business update and less than one has time.

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