on the road the euro zone's third largest economy takes behaves as if he's credit rating goes down sparking fears of an even deeper financial crisis a prophecy of. israel called peace talks with the palestinians with plans and minds on the border ahead of the palestinian bid for a seat at the u.n. this friday thank you both and pandora's box. that multiculturalism under the microscope the circus president visits but in trying to break down a wall of issues facing immigrants in germany.

a very warm welcome to you this is our see live from moscow our top story now is east credit score has taken a not financial ratings but standard and poor's has downgraded the country by one notch deepening the euro zone's economic woes the agency also gave a gloomy forecast for the countries the bill is he getting into trouble italy's premier silvio berlusconi's criticize the decision calling it out of touch with reality less and peace at its need was prompted by italy is weak economic growth and fears the government will fail to deal with its huge that despite parliament recently passing an all-stars he thought it was downgraded now means it could be more expensive it seems of borrowing money to pay its creditors meanwhile abstract the us has been given an ultimatum by you and i.m.f. officials to and from was deep arctic parts if it wants to avoid going bankrupt.

that's a month. to wait until october. but it's really. been out but economy north. says well. the reason the s. and p. gave for the actual downgrade from what from a plus to a minus was the political situation is unstable well when has it and never been unstable or near the way i think yes and he's picking on italy now. and you notice no other agencies are downgraded i'm sure they're there to their political situation is it is is it in flux i suppose it will put a fire under them to resolve their political differences but austerity is not the way to go the europeans are being run by unfortunately the german banks and the german banks are crying austerity you don't need austerity at a time like the a so you have to inflate the economy you have to create more money you cannot cut back. and so unless the europeans specifically the germans

stop insisting on austerity for everyone yes it can get much worse. well it is lee's credit rating downgrade is another blow for the already weak euro zone that's cause live out of business desk to find the financial world reacting to all of this what is going on with the markets despite standard and poor's downgrade of a to its credit rating yes the european markets are seeing a bounce and choose day trading and at the moment the german dax is nearly two percent up london see one point three percent higher and alex they're saying the positive sentiment is due to investors bargain hunting and they say investors are having lots of cash and although most a very very cautious some are shifting their cash into new opportunities that are popping up i mean the turmoil of the overall sentiment is of course negative because italy is the use of third largest economy and this downgrade will have a long term impact of this and we'll get

a better idea of direction with german economic data out later today as well as of course the fed interest rate nice thing which ends on wednesday well back to you for the moment and. many thanks for that of course we'll hear more from you in the business in around twenty minutes time bye for now. over to the u.s. now and president obama has laid out a plan to cut the deficit and revive the economy with the wealthiest americans expected to pay more he said bigger news and corporations that's what it says that everyone should pay a fair share and learning roughly three trillion dollars in savings a bomb explicitly promise to veto any debt reduction legislation that cuts benefits or failing to include higher taxes on the rich but republicans have described the bombers approach as class warfare and libertarian economists lou rockwell the president's plan targets the wrong people. we're getting poorer and it's absolutely

true government connected richer are getting richer so what do we do we're going to punish business men who are greedy. jobs and creating wealth and making things better or do we take some of the stolen goods away from the people in washington away from the oligarchy or away from the ruling class i think that's what we have to concentrate on and not let the guys at the top which you know but who are bombers working for or against soros and then buffet and these kinds of guys not let them try to focus our attention on hating the guts of a guy who owns a bunch of the subway sandwich shops he's not the problem the solution it's the bankers and all the people who've got rich wall street a military industrial complex big pharma it's these kinds of arms of the corporate state that are getting rich far too rich and you know they need to be cut back come back cut back government that's what we need to do libertarian economy rockwell back israel has offered to hold direct ill for the palestinians in new york tel

aviv attempts to hold president abbas's on vision to u.n. wretchedness and the u.s. also opposes the page and there's been intense at times into that crisis i didn't need an assistant just in a report on the couch after justice taken to see the kind of thing implanted catering. russian foreign minister sergei lavrov fills an urgent meeting with the u.s. secretary of state hillary clinton now members of the delegation are telling us that even though this is a closed door meeting the assumption is that lavrov and clinton were negotiating the future of talks on the israeli palestinian relationships the palestinian bid for statehood at the united nations security council is really stealing the show this year we know that palestinian leader mahmoud abbas is expected to present palestine's bid for recognize statehood to the u.n. secretary general ban ki moon in the next days to come and this is something that we know israel in the united states are really not fever and they have been calling

for the whole to negotiations between israel and palestine to kick start again on a bilateral level this is something that palestine is already seems to be tired of so it is taking these specific actions to try to get its state recognized within the within the international community so extremely busy week lies ahead at the united nations of course often the highlights of the week become speeches of world leaders addressing the general assembly hall and this year is promising to be no exception for a look back at some of the more historic moments that have taken place throughout the last years let's now go to our report if only these walls could talk. thank you. wow factor and center stage drama would be their story every year for about ten days the united nations becomes america for world leaders of a confrontational to surprising to be outright wacky the u.n. jeep pilgrimage never fails to impress what happens right here becomes

a mirror image of what an engaging game politics over one hundred nineteen members make up the general assembly to get attention leaders have to get creative if you want a lot of attention you could try to like streak the united nations nobody nobody is coming but making. gold on their back i mean so far none of this has happened but i wouldn't rule it out in the future that's one of few tricks that have not been performed here yet i think the one that i remember the most i mean there was could i say with who i guess will never be that here again so it becomes memorable because it's a collector's item now his long speech and tearing up tearing up the u.n. charter and falling asleep so we're just because you're cornered and you're. core is alive you are. should not be disturbed the transitional council the record holder for speech like an indian and boy in the fifty's nobody remembers what he said that they remember and he went on for eight and a half hours exhausted the diplomat collapsed at the podium only to return and

carry on the un is really on its own by its member states so it's not really anyone's role to you know becoming a western and grabs you know you've got to when they're up there they can go as long as they want they can also see whatever they want and accusations often go flying towards the us yes even then how came. you. to be a regular and the same as the sas first day and from the us the greatest obstacle to this future is that your rulers have chosen to deny you liberty and the media obsessed with creating legends out of these performances people who have from cheaply clad carla bruni becoming a headliner for the simple act of showing our society leader nikita who sure run illegibly banging his shoe against the podium a grave for colonial slavery that should be buried deep the better half a century later the story is rumored to be a favorite among tourists visiting the u.n.

the soviet leader so on says the episode is a legend as the shoe banging is never captured on video. over the media over the t.v. . how will. you can believe in me. to showcase word as deed officials pull out so-called facts swearing accusations backed up by wooden seal. the need to invade iraq by nonexistent weapons of mass destruction well we're giving you our faction conclusions based on solid intelligence the key players come and go. it was you who are the firm ones. and they just support your team and. with the fierceness clearly not for into this international political stage drama year after year as the number one guest to our sleepy. party.

and in the west bank israeli settlers police and defense forces are gearing up to bear the consequences of the palestinian aspirations the sovereignty as they expect massive marches in support of the new land mines are being planted alongside the border policy as watching the preparations in israel. there's a growing sense of isolation and money israelis for months they simply named it september and else the timber is here and with it the ease and uncertainty about what to do when palestinians ask the united nations to recognize the state but i think the responsible thing to do from ideas point of view is to prepare for any eventuality prepare for the worst case scenario and her good doesn't happen the worst case scenario is violence is even talk of food into fodder the israeli army has been preparing for months even up security on systems and planting new land

mines along israel's northern borders but many complain these missions go too for you know get out of going to. be it's more than four. grams the last thing to live if once is a repeat of the chaos at its borders or three months ago when hundreds of demonstrators stormed the israeli syrian border in a show of sympathy for the palestinians twenty protesters were killed by israeli fire the area is littered with mines and add a danger to those clamoring live the mines are not necessarily very to deal with people who have peaceful intentions but mines are a legitimate form of defense many countries have mines on their borders with every reason in one of its internal magazines the israeli army said it was planting new mines in the area as a deterrent against any future demonstrations that might take place cards are expected to surge forward when palestinians put forward their case at the united nations and the army refused our request for an interview the most they gave us was

an e-mail response in which they said they were performing ongoing situation assessments and doing everything required in order to ensure that the daily routine and security on israel's northern borders was maintained but it wasn't security that tore off the right half of salad bars body he lost a leg a hand and an eye when he picked up a mine when he was thirteen years old. also you know what problem for the new and sometimes. maybe it was. because the. whole we continue to live he how. he got little sympathy from the israeli government airplanes him for being in an area infamous for mines but instead of hate and anger sally wants his misfortune to be a warning to others and is now dreading what will happen if ells of people surged towards the borders later this week probably feel very very very sad because i nor i nor

my own son. just to just buy. flowers or a good life for them it's nine months since the arab spring began and as palestinians lobby the united nations the last of the region's old certainties are being swept away but fears in the region are growing that what happens in new york will set the stage for the next middle east crisis policy r t israel or with more on the continuing turmoil in the arab world in just a minute by the pillage of get out his remaining supporters in libya or the west anticipates singing or new business opportunities in the country. ok let's turn our attention now some other world news this hour and turkish officials say to. an

explosion in the center. eyewitnesses claimed to have seen. this road up hot from here why they are however says they have. planted one of the cars one. can be tamed in connection with the incident the area has been sealed off with an investigation underway the residential district also houses melissa block this is the private. it's turkey is considered to have a high terror threat that is separatists recently intensified their attacks killing over forty turks in the past few months. it's based in yemen say security forces have killed more than fifty people in the past two days during clashes with anti-government protesters across the country in the capital sanaa last night is a cry from rooftops among others but estrogens and those filming the violence the crackdown that follows reports the country's eyes president could sign an initiative arranging the transfer of power something protesters have been calling

for for months. a policy that bans open to homosexuality among service members in the u.s. military's been repealed the practice known as don't ask don't tell was introduced in one thousand nine hundred three in the clinton administration under the rule gay people were allowed to stay in the old forces as long as they kept their sexual orientation private the gay communities held it scrapping as a historic day for equality. now we have heavy rain in southwestern china school severe flooding and landslides that have claimed at least eighty seven lives with these still missing floodwaters have reached new highs and millions and forced to evacuate the trench will downpours turned streets into muddy rivers that swept away coals toppled times on blocked roads forecasters say bad leg was expected in the coming days it was already the worst rainfall in look.

the european human rights court ruled that russia's decision to launch a tax fraud case against the now defunct oil giant new cost was not but it's really motivated judges also found that between two thousand and two thousand and one moscow russia the proceedings even the company would little time for paris defense the freezing of its assets left you cause with no ability to operate cause. thing its eventual collapse calls which was once headed by jail time. demanded almost one hundred billion dollars in damages for the court says it needs more evidence from both parties before ruling on that play. the president is in berlin discussing e.u. membership and issues faced by some three million living in germany today the multiculturalism debate comes at a time when the country is marking fifty years since inviting in a wave of job which work is to help boost efforts to build the wall on boston looks at the changing demographics of one of the world's most ethnically diverse

countries. it's the end of school for thirteen year old malik collie in frankfurt germany. his grandparents escaped from morocco in the one nine hundred seventy s. printing a largely white german society his mother and knowledge are grew up here and she's seen things change and we had a time where everything was perfect that we don't feel like we had any let down there i'd like my son was born as a after five years when i feel like fan things happen in the politics not just problems are at least partly down to a massive demographic change statistics show that the overall population of young people in germany has fallen by two million in the past decade i can see you cannot make situation also a population will increase so. their families.

not to have as much children as we need increasingly wealthy germans see raising children whilst holding down jobs as a waste of time and money the only parts of the population that are growing immigrant communities the changes in culture and ethnicity are leaving some germans feeling threatened the islamic leaders forty years law make model of society it is very different from it in a classic german money we find that islam prevents people from properly integrating into germany for instance if we see ten year old girls being sent to school wearing headscarves we can already put it into villainize a little too late say immigrant communities arguing about immigration now is outdated and may even border on racism here we're still have a discussion about his that you know we are like a. fashion and with a serious labor shortage looming experts say germany needs all the workers it can

get. so you. for demographic problems they need other people so you all need me islamic. these teenagers from poor immigrant backgrounds are being most from the entry new educational program called start which helps them with money and support towards their final school exams or believe . is we were poorer than others my family was discriminated against it was a very difficult time for me now without wanting so much of my money i can focus on my studies and graduate from school. the demographic future of germany is difficult to predict but if programs like this work they could help germany accept these students as part of its multi ethnic feature the changes in germany's population and the debate surrounding them will take many years to play out but life goes on

and by the time these teenagers have children of their own it seems likely the face of society here could look rather different tom watson r.t. minds germany. all stories news and video is a way to go through our website r.t. dot com he's also online right now the full cocktail pilot error and data by investigators find traces of alcohol in one of the crewmembers plane that crashed in northwestern russia injuring. one in the us a study finds a car crash tests are full but drug abuse deaths rise find out what's behind the script on our c dot com and while you're online check out our you tube channel the latest video from around the world. is.

the. download the official publication the phone the i pod touch from the top still. life on the go. video. comes and says feeds now in the palm of your. question on the quality dot com. to libya now and see gadhafi forces claim cross remaining resistance from the colonel's supporters within the next few days but their progress is taking three. ground often switching hands several times throughout the day loyalist forces are dug in deep and i said to be using civilians

as human shields meanwhile libya's new ruling body the national transitional council having trouble forming a new cabinet huge discipline among its members to himself been on the run for months now the whereabouts unknown still bombing the colonel supporters and untaxed of protecting civilians but some analysts believe the west is simply gunning for its own. it's very hard to believe that they are getting involved militarily out of the goodness of their hearts but of course as we've seen lately there was a paris conference held very business interests were discussed and the whole purpose of that meeting was of course to make the military adventure worthwhile and to discuss business opportunities involving the rebuilding rebuilding of libya with energy companies with telecom firms and construction companies from britain and france in a very good position to get very lucrative business deals with the

national transitional council has made it clear that it wants to reward the countries who took the lead role in backing of the rebellion but we also have seen resistance from jihad these movements who have called for the members of the national transitional council to resign and who are making it abundantly clear they are determined not to lead the west plunder the country's assets. will be showing you our special interview with one of the palestinian leader who says the big un membership is not the end game first of all it is. the find solace alone welcome to business savvy great to have you with us the russian ruble continues to retreat against the main currencies it has made the lowest level against the u.s. dollar in ten months the central bank says the value over three floating ruble will be decided by the market. moving maybe appreciate it in short they should be

sold there is no god it's in the stranger a cliche it's really not only what is applied to modern day mr goldstein you we've heard some of your lives there but she should not believe that so you have it even though it's a good hope that you could be judicious for both the action. let's have a look at the markets right now all prices bounce and buy it from losses in previous sessions where escalating fears over the euro zone debt crisis continue to stoke concerns of a demand quite sweet is currently trading at around eighty six dollars a barrel by its brands as around one hundred ten dollars a barrel. european markets are trading on a positive note the sentiment is supported by speculation in greece to receive the next a transition from international creditors and a russian markets are also on the r.c.s. is gaining point seven percent while the my six is a one point eight percent this hour. let's have a look at the in the movies on the my six brothers is on the rise on speculation it

might increase the amount of shares to be converted into depository receipts there tricity sectors also in the positive territory in russia's continuing gains after it reported an almost six percent increase in the profit for the first half of the year six is among the gain is in the retail sector the company's first half profit has jumped a moment's thought as it significantly extended its network. russia kristie is maybe seeing a bit of profit taking this week but michael stipe of crete here believes that high oil prices will continue to make commodities stocks look promising. given the very high level of certainty you know there are words by using our clients to take advantage of the fact that the world price remains stubbornly high and also noting that the ruble has weakened a lot we like the world stocks which benefit from the high oil price and one can also empower the favorable impact of the we can rule another stock that merits attention right now giving investors desire to shelter themselves from the

commodity price volatility is a company called old u.k. for this is a power generation company which is trading at attractive valuations it has locational volatility and yesterday the company released a very favorable first half an inch results showing a five percentage points improvement in the profitability of the utah level and also very strong topline growth germany's siemens is quitting its nuclear joint venture with the russian energy corporation across from the engineering giant says it's now going to focus on alternative energy so years ago the companies agreed to jointly build new generation nuclear reactors they expected to construct four hundred plants by twenty thirty requiring a total investment of more than one trillion euros but following the disaster in fukushima siemens decided to phase out its nuclear power business that collapse of the thai out could put on hold ross optimism bishan state standards international reach from moscow on tehran have agreed to join to develop the world's largest untouched i think deposit in century money it will be run by russia's pastika loggy

and the biggest private bank of iran b s i analysts estimates the project to be worth up to one point three billion dollars however its implementation could be hampered as i think you bring in bank is subject to your sanctions. and that's all the business news for you the sound from all stories you can always had told website that's all true dot com slash.

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