so who is exposed to the banks very close to french banks a lot of the banks prefer an environment like they've had now which is if we can lever up as much as we want doesn't matter and if we lose we just get bailed out very very structurally adjusted their business model and their profit making mechanism to this new environment which has been perpetual bailouts that we've seen since ninety eight and. in the meantime it's only burdened by its own debt crisis has turned to china for a possible risky top level talks were held would be easing off to italy move closer to the epicenter of europe's financial turmoil treasury refused to give out details but it's understood that china was offered an option to buy a stake in the italian their government is pushing a fifty four billion euro austerity package that includes changes to pensions government spending cuts and the special levy on the rich and the house of parliament is expected to approve it by wednesday. thousands of people gathered in the us lovell to say a final goodbye to the ice hockey player alexander the gleam of he died in hospital five days after the plane crash that killed almost the whole look at motive teen

last week the twenty six year old suffered severe burns to his body and was proof retract the family friends and fans gathered at the team's home stadium. to lay flowers and pay their last respects a plane carrying the cake ice hockey team crashed in central russia killing forty four one of the crew members from the plane is now the disasters only survive. so your quick look at some of the other news from around the world before we join the real business news government than bush the school bus and the pakistani city of peshawar killing four children and the driver a bus was taking a nine to fourteen year old students home when a gunman struck. no claims responsibility for the attack so far wolf western pakistan is torn between government supported tribal armies and islamist militants with links to al qaeda who carried out hundreds of text against civilians in recent years. also on a world update this hour two passenger trains and

a bus collided in the argentinian city. killing nine and wounding two hundred twelve some of them critically the crash took place during rush hour when a passenger bus drove around crossing barriers in an attempt to save time and was hit by a train throwing it on to a platform express then derailed and hit another it was going the other way. sex abuse victims of city claims to the international criminal court calling for pope benedict the sixteenth found top cardinals to be investigated for possible crimes against humanity that even officials are being accused of negligence in supervising priests and turning a blind eye to sexual crimes against children thousands of individual cases abroad each ear to the court has never before opened a single formal investigation into the catholic church. in a round up of those top stories coming up in a few moments with me but first we turn as i promised to the business first and

then we find the arena. hello and welcome to business here on r.t. and the clouds of uncertainty concerning its a pileup in europe rising expectations of a greek default and a possible downgrade of french banks are causing the financial barometer to drop sharply and russia is not a new arrival the ruble now trading at an eight month low however take an l. for morgan stanley here russia believes there are reasons not to be too pessimistic . if you look at what's happening to the reserves which is the kind of results of the entire certain age transactions between russia and the rest of the world every week we've been seeing an increase in interest the reserves and if you think it will exports at these prices and what's happened if we take it i think you'll fall into the persian pale continues to be very strong and will show up on the capitol

hill it's a little bit less predictable but i think we feel certainty around the elections that may have been an increase in capital flight is there not to the level that you saw earlier this year so actually we expect the ruble straight from the here in the form program is doing forward. let's take a look at the markets now we'll start with oil prices they're all higher this hour following rebalance in the euro and in stock markets the international energy agency cut its estimate for the man both and some of that supply expectations. in the u.s. markets are trading in positive territory the dow is up four of one percent of all the nasdaq is adding over one percent this hour. and then europe investors are concerned by the weakness on her global economy markets there closed imports of the territory with banks among the top performers that was following heavy losses in the previous session. there are also markets bounce back from earlier losses and end of the trade in session ended black as well both the arts yes and then my sex

out of point three percent let's take a look at some x. movers on the my sides most energy majors were down right strong crude and bucking the trend was norsk nickel the company's board has approved the terms of unused share buyback it's right it's all for the five billion dollars the buy a seven point seven percent stake from minorities and shareholders also results says it's ready to discuss the sale of its twenty five percent stake in the arse recall if the price as rights. oh giant gas from that this hooker the deal was could lessen fears that russia will be locked out of libya after all and the revolution has from sources say the company will proceed with its plans to develop an oil rig called elephants last year it agreed to buy one third of the project for every one hundred and sixty three million dollars there have been concerns for us and firms could suffer from moscow's slovik national governments and lead. and time now for an artsy business exclusive the c.e.o.

of rhino in a song called says the company a will soon sack a majority stake in after the us it currently owns twenty five percent of russia's top carmaker and the conversations to buy more are progressing well reasonably we should hopefully not be very far from the conclusion i would say it's a question of not that i can tell you that russia will become the largest market in europe first in consequence one of the largest producers. russia being been everywhere through rehabilitation of if you think icici like of like two or three building new plants so i think the future of the car industry in russia is very strong and practically all governments which are already russia they're all investing in russia and the demand in russia is we can go through the development of the economies are very bullish on the russian market. that's all of us is for now the headlines are next of bell.

wealthy british style. is not tied to the tide of.

markets finiteness come to. find out what's really happening to the global economy with mikes concert for a no holds barred look at the global financial headlines tune in to cars report on our cheek. ten thirty tuesday night here in moscow good to have you with us top stories now out of the u.s. and romania signed a strategic defense a pact that will now formally authorize the deployment of ballistic missile interceptors in romania moscow renews its demands for legal guarantees that the nato system will not be aimed at russia. and germany attempts to calm fears over greece's potential default by urging members of the euro zone to stick together that stormy skies are looming over europe as debt stricken is and he turns to the orient for help. libyan transitional forces have given

residents of the seeds of daphne strongholds two days to leave or face on civil rights as amnesty international courts a war crimes committed by both the colonel's loyalists and rebels urging the new leadership to restore order and security. not about another update for you very shortly well as the new leaders struggle to restore security in libya there's growing concern about the massive number of weapons on the streets there are these to a former u.n. expert about the challenge of disarming civilians peacefully. but all the talk about diplomacy and the power of the gun still remains the primary means of solving international conflicts to this cause the current state of arms trade and arms trafficking we're now joined by the former u.n. expert on those issues brian johnson told us thank you very much sir for being with

us today let's start with libya in the beginning of the uprising of the revolution whatever you call it there were concerns that those backed by this may fall into the hands of terrorists has already happened in your view and of course sometimes because it's unusual. leaving often the ones who go. through a group called the most of the guns that were looted on the nine hundred ninety s. are still missing. in the hands of criminals as much as the mouths of terrorists all go and start off by leaving many to be strewn with at some point the guns and of course. it's because of libya as you know that a lot of the rebels were and so fairly recently also regarded as being in the with al-qaeda in some cases so there are some orders to work with. you know when i say she called her all kinds of democracy which is always if you're interested with

arms and i want to get support for the revolution of any sort of you terms of loose control of some of the individuals who is now prior to the uprising russia was one of the main suppliers of this to libya. but as far as i know it was not the only one and some of the countries that are now waging a campaign and i military campaign against colonel gadhafi are also supplying weapons to his regime quite openly yes because it's interesting isn't it if you look at. the record through the western media that he was not offered a good we seemed to him to be. iraq and libya because they've got something we won't i don't see anyone helping any great you saw it's a good in syria a disposable president so maybe he's got nothing nobody wants you know so i think that's where real politic comes into play but yes there was a decision for whatever reason to support whatever you know rising even though the

same country needs to go to the security council and with a resolution which is composed of. late and went a long long way beyond those terms of reference you could argue that the bombing campaign itself was pushing the mood oh what countries are very actually talking about apart from russia who is supplying weapons to carla that i think most countries most many countries as i mean i know for example a shipment of pistols from bereft of authority because it went through most of their great mistake in the paperwork when it was with when you rose when he was not and when you were those sort of there was a huge sort of rhetoric about it but they were described i think a sporting weapon is what you what's what you do with a pistol but anyway so we know even the italians i mean it will certainly to british shops so but if the systems i just met whether it was weapons or search i never saw radar of this kind of thing high tech kits to the regime so yes there's

been a whole range of supplies from needy all the usual suspects i think right now what sort of want to just talking about and how dangerous it is in your perspective the program with steroid world why does it every year we make more guns that are destroyed so every year the total number of weapons on the planet is increasing. court significantly from right here i think there are probably something like ten times more guns are made the ne reuter every year because you have to notions of occasions and culprits are trying to get guns in circulation my books by various programs but they're not before i brought up the everyone still makes films but i was always being struck over how to keep guns out so many of them so now one thing i noticed when i was in libya in march and the ghaziabad. sort of become based in very fancy i don't fall right but young and so it's almost like having an

i pod from american teenager every young person wants to have his own kalashnikov and i wondering whether you can really talk about any serious fight against arms trafficking when you have a culture of young people really thinking about having a kalashnikov is really what makes them cool and she this is a problem in so i mean there's i was in gold some time ago going to sort of the company most of them do you know there's a i will move a muscle there and saying i'm told it's a good home is what i think which illustrates the problem certainly for young men i mean one of the problems in opera with the child soldiers with all of them has been it's actually more from to be a soldier with a gun because you couldn't take what you want whether it's food or the woman you just take it because you're going to go to their homes and it's awfully hard to get these young men out through a decade of war so going to come back into the city of money so yes we are probably going to go there are international markets and trying to start with what you might

call a better organization to go on strike by imposing minimum standards and there is a conference in new york next you know up to ten years of discussions on health which will try and organize an arms trade treaty i'm one of the problems at the moment is that what i want to agree that almost free trade is a good idea to have some control of the history that's what goes in the three thing which is crazy with problems. there was a famous. clergyman call to go to the new one so the good people will trust you but not you that's going to mean it was going to so you may have to think you can truly hope for it but they don't want to put want to control it on their own business now regardless of what you're thinking about to get off this track record that either he or supports him and not they have to admit that prior to these uprisings lead there was a sort of an island of stability and they're relatively good live in africa which is a pretty turbulent continent. with everything that is happening there and with all

that a lot of what kind of flowing around it what sort of implications of that how will it be at rest of the region it has implications certainly for the moment because if at least in terms of criminals they tend not to stay with them but it is so you know if you're teaching it to organize a bank robbery and shoot this over and on the basis of weapons you get from this turmoil in libya yes i agree with you one of the troubles is the. beauty of where you could have a society where the good news. is if you have as if it's rituals with respect to the rule so therefore we have to have trust in our police force and it was never enough policemen to control the population for us so we have to be policed by consent. countries which policed by concerns generally speaking the less gun crime would come from us which of those which are not so policed but it's also true that

where you have a horse regime the same thing happens but you tend to find majority of gun crimes often not because. people who want to hold their vehicle weapon because they don't have any trust and someone else looking up to them or to some of the police to look up to them and that's where the problem starts so and that's the libyan transitional national council can very quickly establish a trusted. impartial and police force and there's main cities but you can separate they would be a temptation to people to keep guns for their own depends on the resist temptation to use a gun something that you shouldn't do you know just what sort of mattress do you think you really get out there which is the daily bit of three it's going to take an audience here to crazed. for such a bright spot in the population i mean and maybe buying them out there or offering some sort of fresh surrender campaign spying by guns bikers or he's not

a good i mean i've been told and several sort of buy but complains about guns for hunting not just credited when there's one occasion i was working i want to browse a little in the congo congo. going to years ago there. i forget the price but we were paying seventy five dollars short so i could go on but the problem here was sort of the congo if you could buy the books so i think what you're bringing comes from of the country became a sort of place that is becomes a business that's the sort of the going to get a bad thing so they've been tried different ways around this by saying well as a community it's a time when there was a bit of age if you told us and reference it on the photos we'll build you when you post shelter or you put station and stuff out of the also not seems to work better in some ways i have to say that the problem of getting weapons up in circulation has much more difficult for people to tend to think when kosovo it just felt totally it was a very very expensive company and it was it was embarrassing you know i mean

everyone looked like a look at it like maybe to me and it is easier than most to get guns of the second version but to conclude i mean mission examination is happy it's both. you can have more success and there's no point i'm going to i'm going to i mean nation so many was sort of i mean this is the key to controlling lawson's weapons if they can get i'm going to show him the i'm going to is not going to them now i have another question i'm not sure about that you can comment on that i did just a lot of personal observations. this uprising began back in march it was primarily driven by base young people like teenagers and young men in the twenty's who ran to the front lines almost for the fun of it but i think pictures we're now getting from tripoli show very different sort of probables there is a middle aged man who seem to be a far more professional than their handling of the army is. how did that shift happen i think first of all going to be out on the ground all this i mean. sort of watch myself growing over there when you're young you think you're remorseful i

think what is the revolution has become let's go for the stage where it looks like being successful when you go about iraq and all of the people who are in civilian clothes in the middle age i would guess this is a good opportunity we've seen in the wording of the meeting we just were going to try and i mean when i have a question are regarding their recent allegations or theories that some countries may be. illegally selling arms to the list i know with the french admitted dropping by thunderstorms to some rebel groups outpost of tripoli which it is on the face but it's a breach of the security council resolution which one could only pull. particularly when a prominent member of the security council goes along crossing a resolution they wrote you think it's sort of true but you know real the real world is sometimes not a last place to be and. the british foreign secretary can make it consensually sort

of britain has no permanent friends couldn't interest i think that's true of every country for sure that's true but it's true the americans on the french so people will look to their interests as they see him all the time but yes it's about thing with the with the united nations system is not perfect and i've worked it i'm for it and i'm going to work that's going to he's going to spend the thing else it's the best system we have and i think it's his barrie unfortunate with the member states of the security council then ignores the resolutions they voted for us. thank you very much for playing. one miles from the north pole. to spitzbergen

on a good time ago. twenty years. the world. has become a tool for those old of the cold war and the. special edition. we'll. bring you the latest in science and technology from the realms. of the future coverage in the united kingdom and she's available in the house bill and was the one who chose the old waverly hotel because i'm still searching the millstone hotels some country house holiday in the pool. halls the remember

the creamy the chesterfield the montague the child the royal the rubens hotel. top stories this hour on r.t. the us and remain your son a strategic defense pact that will now fully authorize the deployment of ballistic missile interceptors in romania moscow renews its demands from the eagle guarantees that the nato system won't be aimed at russia and germany attempted to greece's potential default by members of the euro zone to stick together and stormy skies are looming over europe as he turns to the organs for help. libyan transitional forces are given residents of the deceased gadhafi strongholds two days to leave or face an illness will. report for more crimes committed by the.

rebels pledging the new leadership to restore order and security. you're watching live from moscow i'll be back with more news stories in fifteen minutes from now in the meantime union is next with the latest sport. thanks for joining us this is sports today we've got plenty ahead in all this. no joke novak djokovic proves once again why he's top of the men's tennis three pitching his third grandson crown of the season a new york city. on the ice to postpone the hockey league season begins by days after it scheduled kickoff following last week's deadly are crushed in your eyes. and yellow pearls could make further inroads into

the chop top of the russian premier league table with the on the way with chechnya . and let's begin our flushing meadows where novak djokovic charles had a long weekend should remember this serve becoming only the sixth man ever to win three of the four grand slams on offer in the same year beating rafael nadal in the final of the u.s. open for the fourth straight time the men's final was rain delay to until monday in new york and it was a repeat of last year's decider one then by nato a different story this time around though the spaniard managing should break djokovic in the opening game but was one of his few highlights to serve maintaining a stunning level of quality throughout the first six straight season final top seed procreates sticking the open couple of sets six two six four before rafa fought back in the third forcing a tie break to eventually secure the set but djokovic should return to winning ways in the fourth establishing a commanding five one lead twenty four year old finishing off managed with

a poor winner down the line it's named his fourth round slam crawl in. six two six four six seven six four in the final schoolwork. joker quite simply on top of this what do you. think. when you play when you play very well you're must enjoy i mean you must be must bring your smile in your face because the roads it's all going well it's all going for your side so. you're focused you're trying to get one foot out of time. and we did so yeah i'm going to have more fun now you know the matches over. here in this two faces in the first rounders are. now special because who's doing it for them never. you know what. with. knowing. them on the way.

some student meanwhile it's already been celebrating her women's singles title that first grand slam trophy of her career he's trailing clinching silverware on sunday courtesy of a shop window with three time champion serene with. its back to new a fifth champion's league season gets going tonight's one of pressure is it to sides involved in european football's premier club competition is a neat there in cyprus that face up well that russian visitors favorites to take the win against the team regarded as the minutes of the group but you need to ensure that clash haven't lost their first to miss the game and almost who are months off the weekend. will also have to do with god tell us months or get some luck in the cypriot capital the russian international after breaking a bone in spots. also in the same group porto hole shock chargin nets chelsea will be aiming to get off to a winning start at home to higher leverkusen thrusting. will fancy their chances in

the other three the contour of group f. looks wide open with hosting arsenal on a limb cause facing more say this time might the match of the day one jaw didley taking place in group h. where. meaning champions barcelona. to bottle while underdogs victoria place in the resource will be hoping they aren't just there to make up numbers in the same. to the rushing game or week twenty three wrapped up on monday with a single month shop the informer coupon appealing at two one in the chechen capital grozny scene it true re-opening the visitors a kind twenty eight minutes in converting from the spot but it's not cool it was judged to be felt he'd be area. level modish for minutes the leader thought of a large too much space to convert the pin point for. the break but were not to be

denied the winner coming from that mantra were in the fifty third minute a costly mystery from the turk defender the ivory and make no mistake this consolidate it spot in the team. russia has been tame there one hundred percent record after european basketball championships david plotz. donia in the last group stage game in a few media types in country on the night with russia winning by single baskets company money is three pointer being a difference right off the buzzer so it's not much of the knockout stages for serbia await the russians in this quarter final. let's turn our attention to the n.f.l. now where brady turned in an all inspiring performance in monday's opening clash they shoot time super bowl m.v.p. throwing for four touched on the help his new england patriots see off miami in their first match of the season the teams tied at seven the piece in the second one really got hot finding tight end rob ski.