news live from moscow this is r.t. with me a british tornado jets fired cruise missiles at the command and control bunker of colonel gadhafi his hometown of sirte it comes 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 building up their forces on the road to the city sending tanks and rocket launchers and u.n. is called on both sides of overstrained amid reports of abuse and 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 it's 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. reports that's causing concern with some rebel factions have been infiltrated by islamic extremists. tripoli

a city in chaos there's constant gunfire aggressive and celebration and on the outskirts of the capital stockpiles of chemical weapons nato know very little about the people who might come to power. tripoli so now if you've got this cache of weapons of mass destruction that 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 government 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 abandoning his w m d program in return for a normalizing of relations with the u.k. and u.s. they agree that he wouldn't use all my. 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 agreements cry victory or martyrdom will strike an ominous note to those who know of his weapons potential given the violations of the national territory of libya by nato led rebel forces i think that the idea that he would be beholden to these types of agreements would be off the table at this point and certainly he was quoted as seeing in early july that he would be willing to strike out 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 that option at this point it at any rate 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 know that you know the majority of the people who are fighting muslim extremists how that the two is going to be with those people often remove all of them and i believe their post will be more problematic than that. if you there are some indications nato is considering putting peacekeeping troops on the ground in libya regional experts warned that could be seen by parts of the free libya movement as an act of aggression but having supported the rebel movement nato must now deal with the consequences even if that w m d armed islamic extremists. meanwhile journalist and broadcaster new york plug says the use of dissent from nation by all science 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 that could happen is finished that the war is basically over and that everyone supports them the situation is wrong more complex than that it's a very very divided society along tribal lines and the gadhafi regime which was secular did manage to hold the country together for a long period and now we're going to see tribal warfare breaking out and it's very clear that he still has lots of support if you in the west these pools that you have no support and everybody behind the opposition but it isn't true what nato has done here basically is transform a situation where there was demonstrations against the regime there into a full scale civil war and i don't hold the line that nato is needed really there 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 humanitarian intervention that was entirely bogus this was all about talking. and installing a new regime which would hand out the contracts to western companies and would be

much more amenable to america and its allies generally and so the money is going to go to western corporations it isn't going to go to libyan people. journalist and broadcaster near clark commenting on a post khadafi libya. you with r.t. now the richest sector of french society are pledging another three percent of all income to help the country battle its deepening debt crisis the french prime minister announced some twelve billion euro worth of cuts alongside a gloomy forecast for growth but that is a done a bushel explains that the move could be too little too late with fears that social unrest could be next in line. france enjoys a triple a credit rating for now one of the choice dates ratios among the world's top rated states many investors bet on 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 sir causes presided over the biggest jump in debt levels in our history books that carry too much water. or. france has gone above the tolerance limits admitted prime minister as he explained a new round of spending cuts this week but to call them is fear things is so bad those cuts go nowhere near enough and you can compare it with people saying we're going to buy a lamborghini and they only buy a porsche and they call that austerity doctors warned france these huge debt burden is bringing truly under-investment in schools and hospitals. hitting. winter and. computers. and old fashioned. out of the situations explosive say experts

and frauds could be next to witness roy it's like those in britain with deprived regions the likely spark the inner part of cities in the suburbs. are socially segregated to very high extent far more so than in the u.k. or in germany so yes unrest could come from the suburbs and spread through nicolas sarkozy's flying a fall from france as he can on budget they taze pacific island of new caledonia with students planning street protests over the cuts he's left the job of presenting them to his prime minister to let them take the. four and hopefully unions students. can march directly in protest against their ministers paving in the sun because these absence in this time of crisis writes leading newspaper le figaro may be clever politically but his failure to tackle the country's troubles

now could be creating even greater problems for the future of the new push to see. just. report. the crew of the international space station. people. taking the initiative. communities. where the local government is giving back to the people.

wealthy british. find out what's really happening to the global economy. headlines to watch. following the recent death of its president. and the country faces a number of challenges in the wake of its long fight for independence.

there's many people out today wanting to have a say in the future of the country here in the capital so who the central election commission here in so hooman has predicted say 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 has made necessary by the death of the previous president surrogate 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 the georgian

always says oh no don't go to her but my impression is good can exactly you support what you're doing here you know because you're fighting for your so far into your turn to be independent democracy appreciates the context of this country than ours the people are 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 cause years 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 abkhazian 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 the really going to want from the next president. obvious reporting right 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 in the southern siberia triggering fears it's toxic fuel could be dangerous for locals and of course the environment so far there are no reports of any damage investigators and experts are now looking into what could have caused the incident the government ordered a tougher control of space ships meantime after the second rocket failure in russia in less than a week. all right so a nearly quarter past the hour here in the russian capital with the 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 eyewitnesses report bodies being pulled from the rubble while injury victims are being rushed to hospital the american embassy and other diplomatic buildings are also in the same district and follows a number of attacks by islamic militants in the city. transport minister has announced his resignation clearing the way for the country's premier in five years and also has been under fire for his response to the massive earthquake and tsunami earlier this year the radiation crisis that followed among the 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.

the official. your pod touch from the. life. video on demand.

old girls and feeds now in the palm of your. question. dot com. good to have you with us here on our role research. in our close up series i where we explore undiscovered parts. and today we're in the kid off region and it's famous for its natural beauty and stunning countryside and its re-explore the region. explains how people there are taking matters into their own hands as they tackle local problems. they got what they are asked to slides a sandbank and it be charred 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 a place. 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 and so the regional government introduced a local initiative scheme when they heard of it the village club together and applied for a grant from a special fund with the beach was laid. off if a particular schiphol were consulted over the decision to build it and i think as a result people look after this property properly. micra projects are thought of jointly by the world bank and the cure of administration they provide about two thirds of the money while local citizens have to fund the rest often go around houses to collect the cash nearly two hundred micro projects will be built in this region by the end of the year just sitting on your we want to change people's attitudes instead of expecting things done for them we want them 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 whether 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 cheeky has just over a thousand residents several hundred of them petty criminals serving their time in a labor colony that has one poorly stuck shop and for every road built there are terms 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 of iraq now. care of region. headlines

for you in about ten minutes time here on our t.v. but for the meanwhile it's with the business. hello and welcome to the business update our way is approaching for ben bernanke you to outline his vision of hard to save the u.s. from slipping back into recession the markets will be really watching the federal reserve's annual meeting in jackson hole and they'll be looking for hints that the money printing press will once again be started whether to mccutcheon gold believes that that has find its some a nation and all its got laughed are 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 when they bought up all the mortgages and everything else back in two thousand and eight so no matter what they do they're really sort of a rock and a hard place if economic activity picks up in the u.s. 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 cami doesn't pick up then they go to print more and more money to cover the the budget deficit shortfalls they have which again is 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 on friday than what's already been said. and as a whole lot is on ben bernanke is speech where he's making lots than three hours slots look at the markets prices are down despite fears that her and i are we could just find our production on the east coast of the u.s. and after a steep thirty six in the gold market the precious metals once again climbing on

monday it reached a record high of ninety one hundred dollars per ounce this was followed by a three day correction so what is flying this hour. and a three day european stock rally and much like again with this sudden turn negative comment of this continues on friday with many of us just sidelined ahead of that statement the dax is losing two percent. and quite a different picture here in russia my six is flat there are chances gaining more than half a percent let's have a look at some of the individual share moves in the minus six. almost triple first net profit meanwhile still make a m.k. is down the company post thirteen million dollars net profit in the second quarter will be here well below analyst expectations and another still major at seven. losses it's posted to six. percent rise the second quarter profit that's also good for last. russian which is have been struggling to find any positive momentum.

gazprom bank says investors should look to fundamental stories for a safer bet. it's better to stick with fundamentals and look for the stores which are in any event cheap and provide you with well you would actually whether if you were russian market would probably be one of the stores where the guests represent your guest rob despite all the things associated with the company it's really really cheap company with there we have assets that i would say are all still the problem of the sharp sell off during the last couple of weeks it's no again a very good buying opportunity. also some media stocks as well like just yesterday for example and then again i think there are. you can write the really far and expensive story the question is not the price the question is do. the market prints which are. again that would be of beautiful in russia in a way is

a part of global financial universe. is dependent to it. russia stakes for tuesday on oil will increase six dollars to four hundred forty four dollars but in september and on thursday prime minister putin has also signed russia's new oil products exports to china regime this is intended to increase investment in refining and to help avoid repetition of the fuel shortages to see if . you know the news russia's biggest private gas producing over time has got a license to develop full fails and. analysts estimate the deposits to contain at least a trim cubic metres of not truck as the company is already represented to the region where a jointly run said liquefied natural gas project with gas from. two partners in the world's top of the menu maker to solve want to sell their stake to a third tycoon of the shadow of a quarter to a russian daily better misty. and lent out because selling is sixteen percent stake

worth up to four point seven billion dollars the daily says to solve meno not to the right of first refusal to buy the stake. that's a better fortune of conflict between for solid rolls over management that may kill in which fifteen percent. finally of russia's car market is in a state of rude health production has grow six to seven percent year on here and is on course to make around two million cars and twenty eleven how whether a lack of locally produced car parts is stifling a full scale modernization of the sector michael. 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 but this car has been completely assembled in

the kaluga region of russia however it has very few locally produced components and the new assembly line rules that the government is trying to implement this will have to change because the creases that eventually all calls 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 strongly in the medium term over the next five ten years and then of those cells we're expecting the percentage that to produced in russia to increase so that one of the supply there and then the number of components locally produced in that production is going to increase significantly with the new decree and the focus on the boys ation the new rules have raised concerns they may hamper investment in final assembly vehicle plants but for the most part reaction has been positive the degree and she's what i mean by i think

it's ok i don't see a lot of opportunity of improvement russia is still a long way from weaning itself of oil but analysts say the country could become europe's largest car producer. as 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 business r.t. . that's all we have time for na europe today tomorrow and of course will bring you another business of data in less than one us time. if. you.

are limited to just sleep it's. just sent. me a chance to. see if. the nature and discover is abusing.

the communicate with the wild. test yourself and become free the see what nature can give you the. great.

country could leave. the books. there all. the countries are still recovering from. expert opinion. is next.