just after five pm here in moscow. with me. british tornado jets have fired at cruise missiles a. 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 it's moved the national transitional council from its stronghold of benghazi to the capital tripoli has now seen one of us bloodiest battles in the six days since the revolt reached the city reports of massacres by both sides have been streaming in its rebel struggle to establish full control that the u.s. calls 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 containing stockpiles of chemical weapons but it's artie's more image reports that's causing concern the arsenals could end up in the wrong hands. tripoli a city in chaos there's constant gunfire aggressive and celebrate 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 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 government that's both good and bad knees following a series. 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 us they agree that he wouldn't use or 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 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 saying 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 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 attractive we know that you know the majority of the people who are fighting muslim extremists how that. would those people remove all of them and i believe that. would be more problematic than that. 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. islamic.

extremists you are and that's our teenagers young jim. but the rebels are too divided and do not represent a unique united force something that could stand in the way of libya's stability that's according to a political commentator out of dunmore going to newspaper even that's not. the rebellion movements. of very different factions some tribally orient that religiously oriented and they stand united for the moment against the common and an enemy but what will happen once the enemy is gone that remains the question at the time they are saying the right words they are saying we want more democracy we want legitimacy for the world's muslims we won three story quality of weapons everything that sounds good diplomatic and. they are saying for the moment the question this would also do it the fact that they are so the first in so many factions that doesn't do think to anything good for the future i think listen they go believes the threat posed democracy by airstrike that they will have to come down to the

ground 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 then opening a formal fledge of the missing and r.t. summary from washington is in the heart of a war torn a libyan capital and she has this report. what we saw while driving from tunisia in lebanon border to the capital tripoli differs a lot from what we used to see here in libya in june or july when the western part of the country had been controlled by khadafi 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 the 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 burned cars on the road

abandoned tanks and we also good feeling that the rabble is if the rebels are the only people left in leaving because the cities we've been driving through looked abandoned looked absolutely empty like go cities. you know we've seen many many cars loaded with personal belongings with furniture heading to towards the tunisian border well the reason feeling that people live in a fleeing libya right now and that's quite clear because this is not safe 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 litterers have repeatedly been talking about elections and constitution changes but there is a huge problem in leave is structures these countries 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 you know good dialogue with all of them while the right among them still those who support could argue well we can expect that that will be quite challenging for us. the rebels for their leaders to communicate with these people of course the rebels are now facing financial problems the un pledging to release one point five billion dollars in aid within days meanwhile there are skeptics who are saying already that the rebels are not well organized that will be very challenging it will be very hard difficult to control exactly where this money goes and whether this money goes to actually. was supposed to go and actually this is not the only concern about the rebels.

from national right there where you can express your opinion on the situation in libya by simply going to our web site 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 will take it from here that a full victory is near we're going to r.t. dot com and cast your vote. europe's spending debt crisis is threatening to draw in france as the government announces new austerity measures and concerns it could lose its triple a credit rating then you deficit reducing package will see some twelve billion euros worth of cuts plus a three percent tax hike for the rich but as i say daniel bushell explains the move could be too little too late with fears social unrest is just around the corner. france enjoys a triple a credit rating for now one of the hoist debt 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. mr serco says presided over the biggest jump in debt levels in our history books that carry too much water . or. france has gone above the tolerance limit admitted prime minister your as he explained the new round of spending cuts this week but economists fear things is so bad those cuts go nowhere near enough leigh you can compare it with people saying we're going to buy a lumber genie and they only buy a porsche and they call that austerity doctors warned france these huge debt burden is bringing crudely under-investment in schools and hospitals. hitting.

winter and. computers are very old. equipment are 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 certainly 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. because these flying is full from a sikh budget they taze pacific island of new caledonia with students climbing street protests over the cuts he's left the job of presenting a bill to his prime minister he'll let them take the flak for it and hopefully unions students retirees can march directly and protest against the ministers while

he's in the sun because these absence in this time of crisis rights leading newspaper le figaro may be clip of politically but his failure to tackle the country's troubles now could be creating even greater problems for the future. see. just now at twelve minutes past five here in the russian capital and with still to come this hour discovering russia will take you want to join into the key region that's a famous for its arts and crafts where locals are a step ahead when it comes to improving their lifestyle. wealthy british style. markets why not. come to. find out what's really happening to the global economy

with my next concert the no holds barred look at the global financial headlines tune into cars a report on our. mission to free credit take three months for charges free. range month three. three stooges free. download free broadcast video. for your media project a free media odone darty dot com. welcome back you're with us live on this friday 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 a buddha it's left at least ten people dead dozens of injured meantime taken to

hospital witnesses say a suicide bomber drove through the security gates in a car laden with explosives and a 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 atomic. bomb prime minister has a formally announce his resignation paving the way for the country's sixth leader in five years his move follows nationwide criticism of his response to the devastating earthquake and tsunami that took place in march and triggered a nuclear crisis at the fukushima plant that's when an older daughter claimed the lives of more than fifteen thousand people the survivors about a slow recovery effort a new 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 have declared an emergency in anticipation of the arrival of hurricane irene hundreds of thousands of both locals and tourists have all been evacuated from its path the storm traveling from the bahamas has already caused havoc in the 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 and it's following of course the sudden death of its president. passed away in may this country for more than six years in a struggle to retain hard won independence from georgia. is. in the capitol there for us and he's covering the presidential. 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's concerns russia plays a big role here in helping to maintain the stability of the region they say that none of those most of those candidates really are very anti russian all very particularly over pro russian they wouldn't really have a problem with any of those kind of having having one so it's yet to be seen 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 it's 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 of the fact that georgia's calls for people for observers not to cover what seems the actions 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 couple. who was invited to. have. a very quick reaction from the georgian always says oh no don't the girls are a but my impression is good can exactly you support what you're doing here you know because you're fighting for your server into your turn to be independent democracy appreciates of the context of this country now as a people are fighting for the freedom there because in 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 or since. the collapse of the soviet

union right up until two thousand and eight when the independence was recognized by russia however all that fighting has left its main industries tourism and a good 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 and self-assertive to the east to be part of georgia and so technically at least there is still a threat a military threat to the integrity of this small caucasus republic there's also five thousand russian troops there helping to protect. 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. right there or i will do stay with us here on out 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 kid off region it's located about a thousand kilometers just east of moscow the city of killed off is a renowned cultural center famous for its folk art and in a way of museums and theaters and as we explore the region. 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 two slides a sand bank and it beach i might not seem like much but for a small community in the kunar 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 still 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 within months the beach was laid. off if a particular we were consulted over those was our decision to build it and i think as a result people look after this property properly the idea of micro projects was 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. we want to change people's attitudes instead of expecting things done for them we want them to take initiative we are giving power back 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 arnav artsy care of region. from the business news with. more news and stories and videos go to our website dot com heroes a couple of the items waiting for you right now the prosecution for the case of alleged victim who

suffers a serious blow as a judge rules the statements the russians made before sex tradition to the u.s. what. also on our website are some new aspiring graffiti artists on the following take to the streets of the capital creating three d. images. on the street. the official. from the.

video. and. in the palm of your. just a few moments we bring you all the latest high tech gadgets in our technology update do stay with us for that but for now the business. hello and welcome to business. hour is approach. why does vision help to save the u.s. from. recession. the markets will be keenly watching the federal reserve's annual meeting in jackson hole and they'll be looking for hence that the money prints impress or once again be started however simak auction from

a vulcan gold believes the fed has fired some initially and all it's got left 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 and they bought up all of 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 commie doesn't pick up then they have to print more and more money to cover the the budgets that 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 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 on friday than was 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 on the east coast of the u.s.

and after a steep thirty six hour sell off in the gold market the precious metal is stuck between gains and losses on monday it reached a record high of nineteen hundred dollars for alex and this was followed by a three day correction. by three day european stock rally ended on thursday much like it again and that was with a sudden turn the negative momentum is continuing on friday with many investors sidelined ahead of that federal reserve statements the dax 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 my sets are slightly in the red the arts yes is down point two percent while the my sex is losing point four percent let's take a look at some individual share moves on the my sex for its allies there i call him is gay then after it almost tripled first half profits meanwhile still make or m.k. is down and that's because the company posted

a thirty million dollars that profit in the second quarter of the year which was a way. below the expectations and another still major of civet style is in the red after posting a sixteen percent rise in second quarter profits also below forecast. for celebrities have been struggling to find any positive momentum and on the table down the gas from 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 are cheap and provide you with value which actually what if you know russian market i would probably know one of the stores from where the guests are through such a guest room despite all the things associated with the company it's a really really cheap company with their real assets then i would say 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 s.t.s.

media for example and then again i think the russian universe you cannot really find expensive story the question is not the price of question it's the market trends which are. again i would beast be unpredictable in russia in a way as a part of the global financial universe. is dependent to. export duty on oil will include six dollars to four hundred forty four dollars per ton in september on thursday prime minister putin has also signed russia's new call that export due to vision and this is intended to increase investment in the fighting and help avoid of repetition of the fuel shortages seen earlier this year . and russia's biggest private gas producer novacek has got a license to develop before fields and west siberia analysts estimate that the process can say that least to the commuters over the actual gas the company is

already represented in the region the word jointly wrongs and alan g. project with that's from. and that's all the business is for now for more stores that's our websites artsy dot com slash business in the meantime the headlines are next with henri. most of the kooks among bossidy. maximum trust.

among some of the deficiencies. some come for. months a month maneuverability most mediations decent to denmark's moscow's more famous here show on technology update here on r.g.p. we've got the future covered. their childhood was told by this tragedy. these two feel here they see. and remember every second of this nightmare. it will remain in their memories and hearts forever. and it seems so. innocent. a little angel.

just off five thirty pm on friday here in moscow you with the headlines now nato bombs target moammar gadhafi is bunker in his hometown in libya despite claims the coalition is not involved in helping rebels hunt the colonel down. grow over who will get their hands on the country's weapons of mass destruction. gloomy forecasts for economic growth in france despite the country announcing new austerity measures of twelve billion a year zero cuts and tax hikes for the rich but fears about it could lead to public outrage across the country. for public all the votes for a new president with much of the country lying in ruin off the years of struggling to maintain independence from a ga over half of all of causing voters have already cost.