now sort of. nato bombs target market after use of bunker in his hometown in libya despite claims the coalition is not involved in helping rebels the colonel down that's as it concerns a grow up get their hands on the country's weapons of mass destruction. gloomy forecasts for economic growth in france despite the country analysing new austerity measures of twelve billion euro cuts and tax hikes for the rich. and the republican party of votes for a new president but much of the country lying in ruin after years of struggling to maintain independence from georgia.

six pm on friday here in moscow you're watching r.t. british tornado threats of fire cruise missiles that colonel gadhafi is command and control bunker in his hometown of sirte it comes at this point nato has previous denials that it would assist rebels in the hunt for the libyan leader who's for the meantime the whereabouts are still. the opposition has sent in special forces to search for the colonel has moved for the national transitional council from a stronghold of benghazi to the capital tripoli has seen one of its bloodiest battles in six days since the revolt reached the city reports of massacres by both sides have been streaming in rebels struggle to establish full control there the u.n. to call for restraint in the water own country and agreed to release one point five billion dollars in frozen. libyan assets to help deal with humanitarian needs

meanwhile the pentagon soldiers are monitoring the libyan sides containing stockpiles of chemical weapons but it's artie's a more intimate report that's concerning according rather a lot of concern but the art of course could end up in the wrong hands. tripoli a city in chaos there's constant gunfire both aggressive and celebrate three and on the outskirts of the capital stockpiles of chemical weapons make sure you know very little about the people who might come to power in tripoli so now if you took caches of weapons of mass destruction that again people really don't know what. if this is falling into the families 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 abandoning his w m d program in return for a normalizing of relations with the u.k. and u.s. they agreed that he wouldn't use all moved 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 that cry victory or martyrdom will strike an ominous note today you know. given the violations of. national territory of libya by nato led rebel forces i think that the idea that he would be beholden to these types of these agreements would be off the table at this point and certainly he was called it is seen 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 no capability that he would be luke. but

the alternative rebel control of chemical weapons is arguably worse according to many some of the rebel factions have links to al qaida arab 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 you know the majority of the people who are fighting muslim extremists so how do you think is that we could do with those people are for the move all of kind of combat i believe. would be more problematic than that. there are some indications nato is considering putting peacekeeping troops on the ground in libya regional experts warn that could be seen by parts of the free libya movement as an act of aggression but having supported the rebel movements nato must now deal with the consequences even if that's the arms islamic extremists and it's our team.

thought as more details on this now of course why do i use them or if life for us in tripoli or morea capturing the final aim of the rebels in order to proclaim their unilateral role in the country but are we aware of there are any closer to finding him. who are that's clear gadhafi still remains the goal number one for the rebels and since the beginning of the creation here in the libyan capital tripoli we've been hearing numerous reports and we've been hearing numerous statements by the rebels by the leaders of the rebels that they know could up his whereabouts as you remember they've announced that they've captured captured safely slam could of his son and then it turns out that he actually hasn't been captured he hasn't been detained or at least he's been released so we cannot say for sure what's happened but he turned out to be you know not true then we've been receiving information that the rebels know where gadhafi is here in tripoli

and they live in sad but they've corners khadafi and that's been in had winds. many international news channels for quite a while but it actually didn't with any concrete detail you can create a success and today as well we are receiving reports that the rebels have flooded the streets of tripoli trying to hunt down khadafy in one of his district in the south of the city district known as abu salim. has always been stronghold of his supporters but actually we we this information has been confirmed and we still have no sign of khadafi actually. that parent lee and definitely this is far from over. as you say we've got a lot of information and misinformation coming to us from both sides of the coverage here but no it's your second time in libya since the conflict broke out

six months ago what kind of movie is it compared to when you first visit. well rory what we saw while driving from the tunisian libyan border to the capital tripoli differs a lot from what we used to see here in june and july when the western part of the country had been controlled by cut off his forces new leaders flags. waving everywhere and all the buildings all the walls covered with profit say in arabic english and french are welcome to new libya welcome to freely via also everywhere. so it's complete it's just absolutely different country absolutely different. picture and trademark rebels. pick up tracks of what we used to see in benghazi in the u.s. and parts of the country before kind of a symbol of the fight against the regime they're here now everywhere so we can

definitely say that. before they smallman place part of the country is actually in the rebels' hands meanwhile reminders of the recent battles everywhere we've seen many bands and tanks burned cars on the roads around many many checkpoints on the road to tripoli like we've seen at least twenty of them with a gunman welcoming everybody with a celebratory shooting but actually we also got a feeling that the rebels are the only people left in libya because of the cities we've been driving through abandoned am to like go cities we've been many many cars loaded with personal belongings and we've seen lines along lies at the border from the part of. towards tunisia so people are fleeing this country and that's clear because it's not safe here still and politically it's quite unclear what's going to

happen next so as you can see situation on the ground is very complicated and the rebel. now facing many many problems the leader is not of the rebels have repeatedly been talking about elections and prosecution changes but actually it's not easy because there is a huge problem in. this country is home to a police two thousand tribes and the one who wants to control to rule this country still have good relations with all of them and we know that the rot in london those who support the draft in who are strongly opposed to the rabble so this will be challenging for the rebels to communicate with these people. you know of course rebels are facing financial problems because the country's economy infrastructure has been badly affected following six months of fighting but as far as we know u.n. pledged to release a huge sum of money millions of dollars that makes up one point five billion

dollars in aid to help the rebels to rebuild this. country but of course that will be so you know that it will take time it will be a challenge type task for the rebels. going to introduce you have hundreds of billions of dollars worth of assets will be distributed unaccounted for what you're saying is two thousand members of rival tribal factions who will make up the members of the transitional government. live from tripoli thank you. to receive a new tranche of money from the u.n. a history professor at oxford university mark armor draws parallels with how the cash was handed out in iraq and afghanistan. clear target our program libya not entirely sure who controls there is. also. the revel national transitional council has said much for its time actually threatening libya was actually in place and right now traveling around rome and paris and so we're going

to get rid of it. it was very valuable to arthur some high profile folks must be looking america for the curtain rods i want to get our physics but let's put that a shadow if it is and i'm afraid to do so for us also if an experience in iraq and afghanistan were billions of dollars went missing should be really send in cash and this is what we're talking about large war. two things are good out there executives who can print how it's going to be spent going to recede there are recently those who want to be against the ills and turn against him recently and also because business in the west to actually force him to trip until they don't. deserve you almost by the water and who gets suspicious of the people comparing grassley who got a lot of diplomatic recognition early on don't necessarily have much of a reputation for tough fighting into even now after all they hardly know who dance very far west woods right. so i think there's

a lot of trouble waiting to happen and people who say it's not like iraq if anyway it is in some ways a problematic situation to be faced in iraq in two thousand and three. now you can express your opinion on the situation in libya by simply going to our website disappearing in our latest poll that just now the stats now they were asking what's coming up next for the libyan people so far the most popular response is quote they face a slow war for years to come but the prediction of power and oil in their hands times lined the pockets comes a close second and some of you say that diplomats will take it from here that a full victory is near log on to r.t. dot com make sure you have your say. europe's spreading crisis threatening to join france as the government announces new austerity measures and it concerns it could lose its aaa credit rating the new deficit reducing package will see some twelve billion euros worth of cuts plus a three percent tax hike for the rich as artie's daniel bushell explains the move

could be too little too late with fears that social unrest is just around the corner. brawls enjoys a triple a credit rating for now one of the noise ratio is among the world's top rated states. to follow the u.s. and be downgraded just repaying interest only this year has overtaken education and defense as the government's biggest spend was just causes presided over the biggest jump in good levels in our history books the curry too much water. is going to. produce a six year old of spending cuts this week but economists things. those cuts we're near enough you can compare it with people saying we're going to buy lumber g.e. and buy a porsche and they call their parents and doctors board for all these huge hits

birds and crudely this mint in schools and hospitals. and. computers. are old fashioned. out of the situations explosive say experts and frauds could be next to witness roy it's like those in britain to prove regions like the inner part of cities and the suburbs. are socially segregated to very high stand. or in germany so yes unrest come from the suburbs and spread through nicolas sarkozy's flying a fall from france as he chatted on bullshit they teased pacific island of new caledonia with students climbing street protests over the cuts he's left the job of

presenting them to his prime minister elect them take the flak for it and hopefully unions students retirees can march directly and protest against their ministers while he's bathing in the sun because these absence in this time of crisis writes leading newspaper le figaro may be clinical politically but his failure to tackle because she's troubles now could be creating even greater problems for the future then you will see paris. meanwhile the world markets have been in limbo ahead of what the u.s. federal reserve chief will be speaking about in washington that's a business that's one of more on this submarine to tell us about what is keeping the markets on edge of the moment well as you said investors are waiting to hear what ben bernanke who will say and the speech just started and we see that the markets are going down there are all in there right and actually that then like that for the past couple of hours ahead of them saying investors want to see if ben

bernanke will announce measures that will improve the american economy and the same speech last year he announced the second round of quantitative easing and investors want to see whether he will make a third round of a money print say well we'll bring you all the latest in the business program and tell you what's happening. all right are you with us here live from moscow are still there after you this hour discovering russia so if you want to journey to go to cuba or the region it's famous for its arts and crafts it's where locals are a step ahead when it comes to improving their lifestyle. right a time when i was in the international headlines with the world update here on r.t. first to nigeria where a large explosion of the u.n. complex in the capital of abuja leaving at least sixteen people dead but dozens of injured have been taken to hospital but this is 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 islamised militants could be behind the attack. japan's prime minister has formally announced his resignation paving the way for the country's leader in five years his move follows a nationwide criticism of its response to the devastating earthquake and tsunami that took place in march and triggered a nuclear crisis at the fukushima plant that's when a natural disaster is claimed the lives of more than fifteen thousand people the survivors complaining about slow recovery efforts a new leader of the ruling democratic party who's who will likely be the next prime minister should 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 gunmen burst into the venue sprayed it with fuel and then set it on fire around one hundred staff and the customers were present at the time many people inside were trapped and choked on the smoke authorities suspect the attack which was one of the deadliest for several years was

connected to organized crime. a little big day for the little republican cause which is electing a new leader following the death of its president sort of passed away in maine i think led his country for more than six years in a struggle to retain a hard won independence from georgia. and is only our cars in capital for us covering the presidential vote. 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 in helping to maintain the stability of the region they say that none of those no those candidates really are a very anti russian all very particularly over pro russian they 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 our 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 the people for observers not to come to watch these elections georgia still considers. to be part of its territory for norm on some deaf ears twenty seven countries worth of deaf ears we talked to one of those foreign observers earlier a representative of the swiss. when i was invited to. have. a very quick reaction from georgia who says oh no don't go to aruba my impression is good they can exactly support what you're doing here you know because you're fighting

for your summer into your independence in the press he appreciates the context of this country the knowledge of the people a fighting force of the freedom georgia still claims a cause and south ascetics that he's to be part of georgia and so technically at least there is still a threat a military threat to the into. gritty 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 hoped that the next president will go a long way towards fulfilling those dreams. or will it turn out twenty minutes past the hour here in moscow time now for the latest installment of our close up series of your venture to underscore parts of russia.

and so they were in the killer off region a thousand kilometers just east of moscow a city of cairo office around a cultural center famous for its folk art and i write museums and i let me explore the region art easy enough explained communities there are taking matters into their own hands when it comes to the issues of tackling local problems. they got what they asked for two slides a certain break and it be child might not seem like much but for small community in the cure of region they become a leisure hotspot there used to be no one here it was abandoned now when the sun is out you can't get at least. this type of project only cost five thousand dollars with 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 grown from a special fund with the beach was late. who were

consulted over the decision to build it and i think if the result people were crafted this properly. idea of micro projects was bought of jointly by the world bank and the cure of administration they provide about two thirds of that money while local citizens have to fund the rest often go round houses to collect that cash nearly two hundred micro projects will be built in this region of the year just because we want to change people's us suits 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 what are the builders. falling behind. other projects the financing of the road is completely transparent we know where everyone has gone. it religious color cheeky has just

over a thousand residents several hundred of them petty criminals serving their time in a labor colony there's one fully stocked shop and for every road that builds dirt 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 either i've now see here region signed up for more news or stories and video shows i go to a website that's article here a few of the items are waiting for you want live right now the prosecution for the case of alleged victim who suffers a serious blow as a judge rules the statements the russian made to force extradition to the us were coerced. also online for you are wrong to the core read about the symbolism some

people are drawing into the news that the washington monument the world's tallest was cracked when a quake shook the eastern seaboard off. ok time now for the business with america. hello and welcome to business here on i see the markets have been waiting with bated breath for the chairman of the federal reserve to outline has he would rescue the u.s. economy and by implication the world economy but then bernard from jackson hole proved to be and i don't so i climaxed he signaled no new moves and that the fed

would not be cranking up the points of prices for three well joining me now for reaction is rolling that chief investment strategist for the capital hello to you thank you so much for joining us to discuss what's your take on bernanke's speech. i think it was actually pretty clever speech he failed to disappoint by the pace of this time he ought to be given that. given that the world's financial markets are really been focusing on this speech now for most of this week to get it just about right and i don't leave markets moving very rapidly in one direction of the other is probably the balance you want to get actually but do you think the printer more money would help. and it would certainly help in the short term it would help commodities it would help risk assets but i think mr bernanke is really looking forward to the to the longer term as well thinking about the longer term as well and by reacting very rapidly to what's been happening in financial markets in

the last few weeks it may look like panic and therefore it although it would help in the short term i'm not sure that's true about the longer term so what do we expect from the markets right now after the speech. i think they're going to switch a look to where the problem really exists right now which is in europe so they'll be watching europe next week to see whether or not it's in europe continue to react as badly as they have been in recent weeks if that happens then without standing behind to make some positive statements. but i think you can see some further weakness in the markets i want now for the u.s. economy and for that out of the global economy there's a high dose of cost pumped into it and interest rates are now low what else can be done. well. i think what but mr bernanke he was pointing out in his speech actually is that now you need to see something more from the government from fiscal policy you need to see help with mortgages in the u.s.

you need to see structural reforms it's not enough just to print more dollars and help the hope that by printing more dollars you're going to print your way out of the current mess the problem in the us is fiscal and structural and i think that's where just about hank is hoping that the government will now focus i think that's what needs to be done what can be done for with the structural reforms in your opinion. they need to go but they need to create the sort of stimulus stimulus which gets businesses back to doing all businesses do which is investing and growing their economy but you know it's easy to say it's extremely difficult to do the size of the sort of structural reforms that are facing the u.s. right now. very large and just briefly if we go back soon chewy three what do you think will be the reaction for emerging markets is this a bad decision for them. in the short i think emerging markets would have loved to have seen the slits fame sort of speech that just about aren't you going to gave

this time last year by announcing that he was going to print dollars it meant the that would be so that would provide support for a lot of risk assets including emerging markets i think about you know it's going to be a little bit disappointed by what we saw today. all right chief investment strategist for the capital thank you very much for joining us that's all the business news we have for you right now for more stories head to our website artsy dot com slash business in the meantime sensing from the headlines of henri. it's. the.

wealthy british style. is not the type of. market why not come to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on our feet. is he.