if you tell someone the earth will it cost and value resort and spa the ritz carlton hotel grounds many articles of each of the seasons hotel the sultan who told. stories on our t.v. germany's highest court rules of the country's bailout billions for struggling nations are legal but once angela merkel she'll have to ask permission next time she wants to run the rescue. the deadly blast rocked india's capital ten people are dead and dozens injured in the city's worst attack in nearly three years. moscow appeals to the global community not to repeat history's mistakes by leaving libya and syria in shout balls. just after four pm here in the russian capital this is r.t.

our top story a top court in berlin has thrown out a series of lawsuits which said germany is back rolling of bailouts to ailing european economies were illegal but not just ruled out giving chancellor merkel a blank check saying any a future aid must now be pre-approved by parliament well that could have or germany's ability to react swiftly to any new crises but sets a precedent for other nations to tighten their belts as well opposition parties welcomed the ruling but said merkel had made the crisis worse through delays and a lack of vision for the national visor believes there's little to celebrate just yet. ultimately this is actually i think what we would call a character victory it's an empty victory for mrs merkel and yet be a large can go ahead but like all the court judgments we need a small print and what is happening today is that in the german court which has clearly been very very much split only issues come up with an annoyance and we're still scouring through the. small print so what we read so far suggests to us that

they're going to request of the german parliament and most importantly of all the german budget committee has zero grid more say on what goes on in the whole issue on a larger basis what we're looking at today is that yes below it can go ahead and at the same time it's still a very very quietly picture of the euro we know that the german people are deeply unhappy about what's going on and they don't see there being any benefit in suddenly giving a credit card another bottle of vodka to a drying drunken man in a department store and that's what we've got here it's going to still be a terrible result and once the marketers have a bit of a relief rally which is going on as we speak what's happening is greece's essential being sold by. slavery by the way that the euro debt mechanism is working hard for greece it's a farce for the greece people and it's a total complete and utter disaster for the euro greece should be allowed to go

free and it must make its own decisions its own sovereign decisions but it greece doesn't leave the cancer is spreading and as we know it reached the last month it's already were rooting around the place and stay in haiti or trickle it in ireland or does the disease google for it finally kills the patient i think the question is it's not a question of how much work is there to get greece side of the euro actually a much chances are that the euro is going to survive with greece to win it and the answer is really not. further south there is clear frustration among italians and the spanish where thousands rallying of protests at their government's fresh a steady measure is italy's forty five billion euro package welcomed by the e.u. includes new tax hikes advising the retirement of forever well spain of the demonstrators ahead of a crucial senate vote on amending the constitution ceramic national debts will you as a rights groups say that that cap will decimate the welfare system and hurt them.

now a new front in the global currency war has opened up after switzerland surprised international markets by devaluing its currency by almost ten percent interest fifteen minutes the swiss franc has been rising steadily for over a year as pallete investors look for a safe place to weather the storms of the troubled u.s. and european economies well this rise caused the price of everyday items such as food and clothing to shoot up making it cheaper for a swiss citizen to drive to germany for their shopping while the country's central bank says that by packing the swiss francs in the turbulent euro it will grab inflation but you're an economic analyst michael ross believes it's no more than a capitulation to brussels. every single through three do so in the last ten percent of its savings the swiss franc devaluated ten percent everything would be ten percent more expensive in the future what we thought in the learned is nothing than a coup of the strength of switzerland. means people and politicians

are not being asked if they want it or not if you would ask is was so billion if you want to join the euro then he would clearly vote for no but there were only a few even more what we saw in switzerland with the central bank was a thought of unconditional surrender to the viewer to brussels and full year of the on the new year end of the day you all will be introduced and switzerland this is my if you saw you can really speak about which happened. much more still to come this hour including that getting brace for a brain storm. join me and you so now i have a third annual global policy forum. leaders experts and analysts discuss the world's most pressing issues. and with colonel gadhafi now surrounded by the rebels

later on she looks at how libya might become a breeding ground for extremists and face an even bigger civil war. now way a powerful explosion struck the indian capital new delhi leaving a ten people dead and at least sixty five injured a practice on league terrorist group has reportedly said it carried out the last. live now from the capital hi there priya out well what's been confirmed with regard to the details of the blast. so so far the home minister is actually saying that the and i aid the national investigation agency has received an e-mail from hoochie or the heart of all jihad is swami which is a group that's actually outlawed here in india they have bases in bangladesh and in pockets on apparently in the e-mail to the the group that said that they want to repeal the conviction of a man who is actually on death row right now who was allegedly responsible for

bombings in the indian parliament back in two thousand and one and obviously this is all very interesting timing of the indian prime minister manmohan singh happens to be in bangladesh today obviously condemned the attack saying that the indian people have to stand united against these sort of terror attacks and obviously this is all happening a very close to the anniversary of nine eleven here to shed a little bit more light on what's going on here in india is kumar saying from the institute for conflict management so tell me a little bit more about this group which a lot of people are saying that they actually have links to al qaeda what can you tell me. is that. the sunday mosul that. he was reportedly killed but still you're not sure that he was killed or not so you would be has different if you go and if you go by this and we can release. foremost

a good national security adviser not an honest some indians. and since this had happened just what is. nine eleven and we can say that this has something to do with. those who dia's again but since we're in the last seven or you could actually have any conclusion we can see that this rich group this group would. have been. at the end we might conclude then that ok this particular group was there what we cannot release to a final conclusion that this particular group was there and so obviously there are you know india is no stranger to sort of terror attacks we thought the blast that happened just last month and then obviously that. we had lost our connection there that was our r.t. correspondent peter schrager reporting from new delhi about the blast in front of

the high court there well in a few minutes report from what might become this united kingdom wells increasingly wants to go its own way after centuries of english rule largely looks at whether it's driven by economics or emotions. now live in rebels say they've trapped colonel gaddafi and are ready to take him dead or alive the former leader was tracked down after loyalists convoys left for a neighboring country of niger the rebels are believed to have located off you with high tech equipment and intelligence they now control most of the country after a helping hand from western nations but it's in stark contrast to how america and britain operated in libya in recent years before the end to get off the campaign the cia and my six were allegedly sending terrorist suspects to libya for interrogation and torture that's according to documents on earth in libya which have sparked outrage. bushell reports the site suggests the violence isn't over yet and the real chaos may be yet to come. home eat his song is one of africa's most

experienced it's just but from the libyan capital he says. he's turned it into a ghost town. there is no administration there is no there is no it's called law and order has been replaced by a crew of rebels some fear that the various groups who've emerged might soon stop fighting each other that shit weapon stores have been raided every man with kalashnikovs if the tribes fight for their independence the country will answer and never ends in civil war the brutal urban guerrilla warfare lists argue that even rebel leaders don't know where therefore it is a from. rebel hands mom with julia was a launch to find islamist sleeper cells had joined history and see if a vast parallel structure of confidence has appeared we have no idea who is in charge of them. hopes of

a reliable replacement for more by gadhafi appear to be fading libya's rebels remain deeply divided while the chaos from nato bombing appears to be spreading beyond the country's borders in the turmoil there are fears that religious extremists could be using libya as a base to further their aims in north africa and function is in. the nation women got abortion rights twenty years before women in belgium on the last regime divorced women good benefits revive arab family just movements and trying to reverse that. before the war leaders from barack obama to nicolas sarkozy and silvio berlusconi shook and even a kiss is good that he's got to get rid carpet treatment in paris but the west will also change tack what experts if libya doesn't go for them as planned according to this man who's just returned from war torn tripoli the message from some locals there is that the conflict may have created a frankenstein's monster for europe they warned us that we don't know what we are

creating and it will be a free haven of extremist groups which are just on the southern border of europe poirot's from failed somalia their coast a no go. frighteningly some diplomats now think libya is heading in the same direction but what they will do that it is military and will not be. there will be part of us and there will be all bloat to control the mediterranean to make it safe i don't think french economy can support that western intervention in libya has pulled large numbers of new forces to the fore experts fear the west itself may come to regret their emergence daniel bushell seen brussels. and staying with the region's troubles russia and france are calling for more dialogue between the syrian government and its opposition to try and be addressed and there's also a warning there there should be no repeat of what happened in libya that's

a good meeting between the french and russian foreign ministers are to follow their talks. well surely there is a number of differences in the approaches an understanding of some international issues between russia and france but so the two countries do call each other a long term strategic partners and they are on common ground when it comes to a great amount of international and local problems now i'm talking about syria moscow employers are in full understanding bad the situation with their to repeat what happened with libya and it's absolutely vital that the opposition in syria has a dialogue with the authorities and we are convinced it is some terrorists of g q did we start from the talks and this is actually what the syrian leadership calls for and we think this is it is extremely dangerous to transfer the forces in syria to boycott these talks to me the russian in france wants to see this happen

this is this week's truly dangerous series of those are some of those party sciri should stop producing file and soon which are proposed to get a resolution to this effect will we encourage the government to carry out the reforms it has launched and the opposition should not use provocations and recherche a magician is to dialogue question of why it comes to the different approaches on syria between russia and france france calls for tougher sanctions on the syrian authorities while russia stands for peaceful dialogue but anyway the syrian situation is still to be discussed later in september at. a general assembly meeting in new york when it comes to it's no secret that russia has been criticizing fiercely the military operation conducted by nato and

this was a point of. misunderstandings and different approaches between russia and the west but right now there is an moscow are saying that they're ready to cooperate and work together to bring back peace into libya to help every store of the country its economy it's more of course libya is also going to be discussed at the u.n. general assembly later in september. some of the world's finest minds are essential russia right now with how best to solve the desperate situations in libya and syria among their priorities is a third global policy forum of the ancient golden ring city of all and artie's and he said is there for us. to become known for attracting talk intellectuals and policy foremost what have we heard so far. well really the discussions are focusing on multiculturalism but we've had a lot of sessions today on security in fact and unlike you said the issues there

are of course what's happening in syria and libya especially but with the arab uprising if you will really the focus of a lot of those sessions we had some pretty strong words from the russian president's envoy to africa gayle of talking about libya there he spoke about how he doesn't believe all of the mistakes that we've learned from all of the mistakes of iraq and afghanistan and that patience really needs to prevail as opposed to any kind of pressure to enforce a european style democracy in a country which he believes libya is not quite ready to do he also expressed concerns about the fact that if something does happen to get taffy that the civil war could spiral spiral out of control and get even worse and also a lot lately not from him we're hearing but we have been hearing a lot of issues about how in the interest rebel fighting back could prevail if things keep going the way they are and to talk more about the situation in libya

syria and what's happening in the middle east north africa joining me. professor of political science at yale university thank you very much for being with us i'd like to get in with. with libya in fact we have nico margiela saying that he feels like mistakes haven't been learned from in terms of iraq and afghanistan what do you think your future holds for libya and how can the country get out of the situation that it's it well i think it's i think there's probably a right on the mark i think that the most comparison is with afghanistan because you're really dealing with something much different so-called arab spring. and. you tip into lesser iran you're really dealing with the civil war which is by no means over i mean even. if gadhafi is defeated and all killed which he said i think he's left the country now that doesn't mean the civil war will end

either most of the leaders of the opposition were members of paid off he's government until. a few months ago. they don't have any history of promoting democracy and i don't see any particular reason to think that they'll start now so i do think it's much more like afghanistan and i understand the. impulse maybe to learn too many lessons from iraq they will want to remove the play on certain regimes and supporters which is what they did in iraq and then there was nobody to run the country. but there may simply be no basis for democracy in libya in the foreseeable future and this doesn't mean that we're looking at another iraq another after another ten year or so while we're not we don't have nato do not have soldiers in libya so i think it's more like i'm gonna stand. it's more like afghanistan surely than iraq but i suspect

that. the europeans will not want to push soldiers in there precisely because it's an ongoing civil war right fessor political science from yale university and guelph school of law thank you very much welcome alex and we will be here over the next few days really as analysts leaders and experts discuss the world's most pressing issues and i see you. all right thanks very much there and he said nally reporting from the novel global policy forum. all right national identity is a powerful emotion but when you've been a small part of a big country for the best part of a millennium you can feel a little help but take wales it's time you british present polity that now wants the same taste of freedom as their celtic cousins in scotland artist or am it reports on why the people of the valleys are valued to get a bigger voice. welcome to wales part of the u.k.

and a proud nation with its own language and customs and the latest voice to call for independence plied comrie which means the party of wales has always argued the country could be better off without the u.k. and it seems increasing numbers are starting to see their point of view our economy . from an interest in priorities are. for an independent will be able to chart a different course. priorities wales is a long way from declaring independence but it's no longer just a pipe dream people here voted overwhelmingly earlier this year in favor of handing the welsh assembly full law making powers that was considered a turning point in welsh nationhood and plights couldn't read the party of wales have undoubtedly taken heart from the surprise victory of the scottish national party that a victory in may gave the s.n.p.

an outright majority in the scottish parliament which has many powers devolved from westminster the party's promise to hold a scotland wide referendum on whether to declare independence according to applied comrie that marks the turning of the tide for a unified u.k. people i believe beginning to to use the word independence in in a welsh context which they think they wouldn't have jennifer hughes and i started bt valid so i think that people in where's it going to see that when stockland becomes independent the next logical step is for will be coming to bangor to of course separatism is nothing new to the british isles and the thousands of victims of the troubles in northern ireland are testament to how high feelings can run both in the present day and for centuries past while national sentiment may not be a new phenomenon the reasons for it have changed over the years and in these.

current turbulent economic times money talks scotland has oil and gas but while wales was a proud coal producing nation its mines are now closed and it's got some of the highest unemployment levels in the u.k. because of that the older generation is reserved when it comes to independence but young people are filled with national fervor for them independence is less about money and more about nationhood and identity wales needs to be independent because it is a great country and we do we do and of like doing is already patriotic i think we're more patriotic than england we have a lot of people there we should. just seem to be better here at the moment that you can get free prescriptions. education seems to be a bit better played comrie says it's going to build on that support providing not just emotional reasons why wales should be independent but concrete economic

reasons too and it says wales does have resources particularly land and sea for green energy if the scots vote for independence wales might not be far behind. cardiff. here's a look at more of this hour's main world news now the trial of al sadr gyptian president hosni mubarak has again resumed this sign after it was adjourned because fighting broke out inside and outside the court there have been scuffles between mubarak's opponents and supporters on the street while inside police were forced to separate defense and prosecution lawyers because trials he's charged with ordering the killing of hundreds of protesters during the uprising earlier this year which ended his rule. of twin suicide bombers targeting one of pakistan's top army officers have killed twenty three people including two children the officer himself was wounded but his wife was killed when the attackers struck his home of the taliban says it's behind. the bombings it's thought it was in revenge for the

arrests of senior al qaeda suspects a few days ago. well that's all for this hour a sports so with kate later in the hour and hope still high for russia to qualify for the euro two thousand and twelve finals but for now let's get to the business news with yulia. come on did very well welcome to the business update and all eyes of course on this dispute between russia and ukraine and russia is mounting keith says it aims to complete that reorganization of the country's monopoly naftogaz before the end of this year companies that emerge will either conduct i.p.o.'s all be sold privately that will allow you to raise up to twelve billion dollars the country plans to invest the money into energy efficiency systems and its own production here goes through we all be nice enough to cuts in order to renegotiate contracts with russia

saying the existing prices are too high. possible give the markets oil is back up that's ahead of an energy department report which is expected to show a decline in stockpiles as for the story is threatening production in the gulf of mexico also hope that obama's speech will provide a new catalyst for economic growth possible to the market. and european indices are rallying after three days of losses mainly driven by global stocks are going to stop course has thrown out to all seniors aged blocking the country's biggest patient in the eurozone bailout because had been brought by a number of euro skeptics who argued the rescue package broke both the german and e.u. rule and this was provided to father lived to sentiment. and in russia the markets will strongly in the blood from the back with high oil prices and halted movement in asia let's have a look at some of the individual moves on the my six energy majors the main game is a bit strong occurred with castro up three percent meanwhile banking stocks also on

the rise as more than three percent in the black transfer tries a full size pro is gaining a cent after posting a strong first half results in companies that profits rose two point six times to four hundred fifteen million dollars. well with russia which is experiencing continued volatility this week and a lot of creatures as investors should stick with liquid stocks if we were to see some positive news for the next several days then the best bet for any investor for sure would be a liquid space irrespective of which tickle sector you want to look at because the work would need to meet most of all still sector has been completely destroyed with names such as severstal and l m k n m k down thirty to forty five percent year to date and if we were to see this technical bounce from the back of obama's address on thursday as well as the e.c.b.

decision making rate decision and general statement on thursday i think the best bet is to play the liquid names. russia's global competitiveness has fallen the country came six to sit in their latest world economic forum ranking which gives the guides to investment climate that's three places lower than in the previous report two years ago oh i must say this is because russia is not dealing with the sex and french problems such as bureaucracy and corruption also cave markets emerging market peers in the brics countries the top three sports were taken by its one saloon singapore and sweden unchanged on the last time. russia's has a much twenty six billion dollars budget surplus for the first eight months over here this is true to strong prices on low government spending finally. says this could lead to the country having a balanced budget by the end of here. today we see

a good budget profit forecast and if we fulfill it the deficit by the end of the year will be equal to zero however if we manage to lower our spending or even see even better readings we could even see a slight surplus we're currently aiming for a balanced budget of three hundred seventy one billion dollars in income spending. that's all i have time for nora join me for another business update in less than well time will get more stories and analysis from about site that's archie dot com slash business.

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