dynamic. nato bombs target mubako duffy's a bunker in his hometown in libya despite claims the coalition is not involved in helping the rebels down it's a concern grows to get their hands on the countries of weapons of mass destruction . and here in the libyan capital tripoli trouble sending special units to hunt down colonel gadhafi while they try to stop his full control of the country. gloomy forecasts for economic growth in france despite the country analysing new austerity measures of twelve billion euro cuts tax hikes for the rich. through public policy a vote for a new president much of the country lying in ruin after years of struggling to maintain independence from georgia. and in business investors brace themselves

ahead of the federal reserve's meeting hoping for a third round of money printing more business since wednesday minutes. just after five pm here in moscow this is r.t. let me roll recent shy british tornado threats of a fire that cruise missiles a colonel gadhafi has come command and control bunker in his hometown of sirte and comes despite nato's previous denials that it would assist rebels in the hunt for the libyan leader who for the meantime his whereabouts are still unknown and the opposition has sent in special forces to search for the colonel and this move the national transitional council from its stronghold of benghazi to the capital tripoli has now seen one of its bloodiest battles in the six days since the revolt reached the city reports of massacres by. sides have been streaming in trouble

struggle to establish full control over the u.s. has called for restraint in the war for the country and agreed upon a release of one point five billion dollars in frozen libyan assets to help deal with humanitarian needs meanwhile the pentagon says it's monitoring libyan sites and turning stockpiles of chemical weapons which are to use more intimate reports for its causing concern the arsenals could end up in the wrong hands. tripoli i think in chaos there's constant gunfire both 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 in tripoli you know if you could catch of mass destruction then again people really don't know what's there and if this is falling into the hands of certain 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 government that's both good and bad news following a series of meetings in two thousand and three more 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. he wouldn't use all move material but now thanks in part to nato in 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 now you know led rebel forces i think the idea that he would be beholden to the stapes of. grievance would be possible at this point. certainly he was quoted as

seen in early july that he would be willing to go to 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. 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 a 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 are muslim extremists so how the people his people are about remove all of them and i believe that. will be more proper and i think that. there are some indications nato is considering putting peacekeeping troops on the ground in libya experts warn back could be seen by parts of the free libya movement as an act of aggression but having supported the rebel

movement they too must now deal with the consequences even if that w m d islamic extremists. but the rebels are too divided and do not represent a huge united force something that could stand in the way of libya's stability that's according to political commentator newspaper even as my. the rebellion movements. of very different factions some tribally orient the religiously oriented and they stand united for a moment against the call of them an enemy but what will happen once the enemy is gone there remains the question but the kind they are saying the right words they are saying we want more democracy we want legitimacy for the movement we won the two showing quality time away from everything that self-pity thing for most people . they are saying for the other the question this would also do with the fact that

they are so the first in so many factions per person to take to anything good for the future i think let's make old believes that it's been mostly back received by the strike that they will have to come down to the one point they will have to guide this process towards more democracy that they will have to have elections in a very near future because that's the only way that the new government can hope they know a form of energy the missing kind hearted summary for nationalism the heart of a war torn a libyan capital and she has this report. what we saw were driving from tunisia only been to the capital tripoli difference a lot from what we used to see here in libya in june or july when there was a part of the country had been controlled by kentucky's forces this is absolutely this is a completely different picture right now on the ground here new flags are hung everywhere all the buildings are covered with and to conduct tunes and gravity's chiefly in arabic but also in english and french saying welcome to new libya

welcome to freely be welcome to liberated. though reminders of the recent battles are numerous on the ground we've seen many burns cars on the road abandoned tanks and we also get a feeling that the rattles as if the rebels are the only people left in libya because the city's we've been driving through loot abandoned looked absolutely empty like gold cities you know we've seen many many cars loaded with personal belongings with furniture heading to towards. the reserve feeling that people will live in a fleeing libya right now and that's quite clear because this is not say here and politically that's quite unclear what's going to happen next the country's economy has been badly affected things the structure has been dramatically has been damaged actually following six months of fighting well the rebels are now facing many many problems and politically to also quite unclear what is going to happen next the

rebels leaders have for repeatedly been talking about elections and constitution changes but there is a huge problem in leaders structures in this country from two at least two thousand tribes and the one who wants to control who wants to can. one who wants to rule this country has to have good relations and good dialogue with all of them while the right among them still those who support kentucky what we can expect that that will be quite challenging for us. are the rebels for their leaders to communicate with these people of course the rebels are now facing financial problems u.n. pledging to release one point five billion dollars in aid and within days meanwhile there are skeptics who say no already that the rebels are not well organized it'll be very challenging it will be very hard difficult to control exactly where this money goes and whether this money goes to actually what was supposed to go

and actually this is not the only concern about the rebels that is where information is right there where you can express your opinion on the situation in libya but supreme going to our website website and participating on the latest poll today we're asking what's coming up next for the libyan people so far the most popular responses they face a slow war for years to come the prediction power and all in their hands time to line the pockets comes a close second and some of you say that diplomats or take it from here full victory is near we're going to r.t. dot com and cast your vote. europe's spending and debt crisis is threatening to draw in france as the government announces new austerity measures concerns it could lose its aaa credit rating and you deficit reducing package will see some twelve billion euros worth of cuts plus i three percent tax hike for the rich but as i said daniel bushell explains the move could

be too little too late for years social unrest is just around the corner. france enjoys a triple a credit rating for now one of the hoist 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 bit this year has overtaken education and the feds as the government's biggest spend. mr circles is presiding over the biggest jump in debt levels in our history books that carry too much water since. france has gone above the tolerance limit admits it probably does do your a c. explain the new road of spending cuts this week political atmosphere things as. those cuts go nowhere near enough lead 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 wall frauds these huge pit burden is

bringing crudely under-investment in schools and hospitals. hitting. winter and. computers. very old. equipment or old fashioned. out of the situations explosives experts and frauds could be next to witness roy it's like those in britain with the proved regions the likely spark the inner cities in the suburbs. are certainly segregated to very high standards. 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 call from france as he can all project they taze pacific island of new caledonia with students planning street protests over the cuts he's left the job of

presenting his prime minister to let them take the flak for it and hopefully unions students retirees can march directly in protest against the ministers paving in the sun so as these absence in this time of crisis brought 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 don't you see paris just now at twelve minutes past five here in the russian capital and with. us our discovering russia which if you want to join into the key off region that's a famous for its arts and crafts that's where locals are a step ahead when it comes to improving their lifestyle. wealthy british style. look. like the.

market. has come to. find out what's really happening to the global economy with max culture no holds barred look at the global financial headlines tune into cars report on our. mission in three couldn't take three comes for free. range three. three. three. young three volunteers video. the four year media project free media don carty dot com. welcome back here with our live on this friday all war world news for you now in

our world update here on our first in nigeria where a large explosion has struck the u.n. complex in the capital of abuja it's left at least ten people that dozens of injured meantime taken to hospital when is this a suicide bomber drove through the security gates in a car laden with explosives and smashed into the building the blast happened in the same area where the u.s. embassy and other diplomatic posts are located police say islamist militants could be behind the it's a. prime minister has a formally announce his resignation paving the way for the country's sixth leader in five years as move follows nationwide criticism of his response to the devastating earthquake under tsunami that took place in march and triggered a nuclear crisis at the fukushima plant that's when an oligarch is claimed the lives of more than fifteen thousand people survivors of a slow recovery effort and you leader of the ruling democratic party will most likely become a japan's next prime minister will be chosen on monday. at least fifty three

people have been killed in an arson attack at a casino in the mexican city of monterrey gunman burst into the venue sprayed it with fuel and set it on fire around one hundred staff and customers were present at the time many people were trapped inside and choked on the smoke authorities suspect the attack which was one of the deadliest for several years was connected to organized crime. six states along the east coast of the u.s. including new york if the cleared an emergency in anticipation of the arrival of hurricane irene hundreds of thousands of both locals and tourists will be no evacuated from its path the storm traveling from the bahamas has already caused havoc in a caribbean hurricane as we can slightly on friday but a forceful winds over one hundred ten miles per hour are still being forecast but it's a big day for the little republican which is electing a new leader it's following of course the sudden death of its president. passed away in may having led his country for more than six years in

a struggle to retain hard won independence from georgia tom cotton is in in the capital there for us and he's covering the presidential bid. three candidates have stepped in to try and take his place the vice president the prime minister and the former vice president all of them at the moment strong contenders it's not known well whether there is a lead contender at the moment as far as russia is concerned russia plays a big role here with helping to maintain the stability of the region they say that none of those no those candidates really are a very russian or very particularly over pro russian he wouldn't really have a problem with any of those kind of it's having having one so it's yet to be seen what what will happen tomorrow as to who will win this whole contest watched also by many international observers at the moment a cause is independence recognized by only five countries in the world but there

are representatives of twenty seven countries here to watch these elections some indication perhaps of the interest in the elections here and also the fact that georgia's calls for people for observers not to come to what seems elections georgia still considers. to be part of its territory have fallen on on some deaf ears twenty seven countries worth of death is we talked to one of those foreign observers earlier a representative of the swiss. and i was invited to. have. a very quick reaction from georgia who says oh no don't go zero but my impression is good can exactly support what you're doing here you know because you're fighting for your silver into your independence in the press he appreciates in the context of his country the knowledge of the people fighting for the freedom there because

you people are going to want a lot from the next president primarily rebuilding and restructuring the country after a long fight for independence from from georgia sins. the collapse of the soviet union right up until two thousand and eight when independence was recognized by russia however all that fighting has left its main industries in tourism and i could culture in a pretty poor state and that's to be the main priority for the next president to try and get this country economically at least back on its feet georgia still claims a cause and south set is that he's to be part of georgia and so technically at least there is still a threat but a military threat to the integrity of this small corpus republic there's also five thousand russian troops there helping to protect our cause here so in both the sense of its territorial integrity and in terms of its economic strength the country has a long way to go it's hope that the next president will go

a long way towards fulfilling those dreams. but i will if you stay with us here on earth here now it's time for our latest installment in our close up series where we venture to undiscovered parts of russia. and today we're in the killer off region it's located. just east of moscow the city of kirkuk offers a renowned cultural center famous for its folk art and in a way of museums and theaters and as we explore the region parties igor ivanov explains how communities there are taking matters into their own hands when it comes to tackling the issues of local problems. they got what they asked for these slides a sand bank and it be charred might not seem like much but for a 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 police. this type of project only cost five thousand dollars well there was no money in the local budget to build safe access to the lake and still the regional government introduced the 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 late. we were consulted it was our decision to build it and i think as a result people work after this property properly. of micro projects was thought of jointly by the world bank and the cure of administration they provide about three thousand of money while local citizens have to find the rest often go round houses to collect the cash nearly two hundred micro projects will be built in this region by the end of the year. we want to change people's our suits and see if it's making 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 were admirable has gone. the village of color chinky there's just no real 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 it builds good turns more that need to be repaired. the 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. out see here of region. moments away from the business news with

marina here on r t preparing for more news and stories and videos go to our website or r.t. dot com here are a couple of the items waiting for you there right now the prosecution for the case of alleged arms dealer viktor bhutto suffers a serious blow as a judge rules that statements the russian made to force extradition to the u.s. work coerced. also our website our moscow gained some new colors as aspiring graffiti artists and their followers take their art to the streets of the capital creating three d. images with on the street.

the official. called. just a few moments here and i'll say we bring you over latest high tech gadgets and our technology up there do stay with us for that but for now marina and the business. hello and welcome to business here on artsy rails zero hour this approach so for ben bernanke it's outlined his vision of how to save us from slipping by pencil

recession the markets will be only watching the federal reserve's our annual meeting and jackson hole and the looking for hands that the money prints are press or once again he started however said mccutcheon from the bulk of gold believes the fight has far the something the show and all it's got left are blanks. all of the money has already been printed there's already national cash reserves book outside of the u.s. on a corporate level as well as at the federal reserve bank. and their own balance sheet from a pot of gold mortgages and everything else thank you confound the need 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. in 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 you're going to economy doesn't pick up and they have to print more and more money to cover the budget surplus if for faults 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 then 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 than frighted and with already been said. let's take a look at the markets now oil prices are down despite fears that hurricane irene could disrupt refinery production i would make a dress and after a steep thirty six ourself in the gold market the precious metal is stuck between gains and losses on monday it reached a record high of one thousand two hundred dollars per ounce and this was followed by a three day correction. i three day european style quietly ended on thursday much like it again and that was with a sudden turn that it's implemented must continue and on friday with many investors sidelined ahead of that federal reserve statements the diet's is news in the over three percent this hour and let's take a look at what's happening here in russia both the artsy s. and the why such are slightly in the red the arts yes is down two point two percent all the my sex is missing point four percent let's take

a look at some individual share moves on the my sex for its allies there are growing as dating after almost tripled first half right profits meanwhile still maker and one play as well and that's because the company posted a thirty million dollars that profit then the second quarter of the year was a way. below the expectations and another still major civil style is in the red after posting a sixteen percent rise in second quarter profits also below forecasts. what is have been struggling to find any positive momentum and on the table down of our gastro bank says investors should not so fundamental stories for a safer bets it's better to stick with fundamental science and they will work for the stores which are in any event a cheap and provide you with real you which actually what if you russian market would probably be one of the stores from where they get separate searches guest rob despite all the things that's received with the company it's really true company

with their us it's there i would say you're all still with all of the sharp sell off during the last couple of weeks it's no if you're a really good buying opportunity you. also need of course as well as what you see us media for example and then again i think the russian universe you can not really for an expensive story the question is what the price of question is in the market trends which are. you know would be pieced beauty of predictable and russia in a way is a powerful global financial universe and user is dependent to it. or just export duty on oil will include six dollars to four hundred forty five dollars per ton of sorts of birth on thursday prime minister putin has also signed. that export division and this is intended to investment in the fighting and help avoid the profits of a few of the scene earlier this year. and russia's biggest private gas producer

know what's happened as a license to develop what fields and west siberia analysts estimate the process that lease. meters of natural gas company is already represents in the region where it jointly runs and alan g. project with that's from. and that's all the business is for now for more stores that's our website artsy dot com slash business in the meantime the headlines on that story.

of the. monks among the lost city. monks among drug. muslim ummah deficiencies. are some comfort. muslims maneuverability most mediations decent to denmark's moscow's move famous here show in technology come to cheer on a large. dump the future coverage. there are countless childhood was a rich shadowed by this tragedy. they still feel the fear they face. every second of the slightness. will remain in their memories and hearts. and it seems so.