i'm strong at world war and business in about twenty minutes. a very warm welcome to you this is live from moscow it is taking a beating from ratings giant standard and poor's which downgraded the country's school by one knots and says its growth outlook is negative two prime minister silvio berlusconi criticized the decision as being the result of media hype and was out of touch with reality as in piece said it was driven by italy's poor growth and concern over brings ability to reduce spending despite the budget cancer just approved it's pushed up against borrowing costs for the threat of contagion once again honey over the entire euro zone over in greece the e.u. and the i.m.f. issued a final warning to ramp up budget cuts if it wants to avoid going bankrupt very seeing here is own leaders are already holding back the next eight billion euro

bailout decision until october but italy's the big concern right now financial writer peter bill says if rome goes under the whole region would feel the impact. if it needs a bailout it will have to be a very very large one and at the moment the rest of the eurozone is certainly not in a position to do that that's quite putting aside the politics as to whether the rest of the eurozone would be prepared to make the funds available we'd be talking about trillions not millions but trillions here of euros of course if italy actually looked to be in any danger of collapse then all of those doubts about whether it's wise to go on putting money into the weaker southern economies would on the one hand be put aside but at the same time the politics would become absolutely unbearable probably in germany above all there is already a lot of doubt as to whether one should go on pouring money into for greece unless

the banks are helped by their own government that is called recapitalize rather would have given new money lent you money in order to beef up their capital base and of course there would be serious doubts about the credit worthiness of the banks and that is really i think what governments are most worried about because if the banks are seen to fail and not prepared to lend to each other then we have another we have a repeat of the credit crunch where if banks don't lend to each other they also can't lend to businesses and that is what then leads to recession or possibly even the pressure it's very difficult to trace who actually holds that debt and even if you can trace that there are then insurance companies that in a sense have insured the banks against default with of a could actually afford to pay out is another question again again putting doubts in the minds of investors in the minds of certainly of bondholders as to whether

it's worth going on holding. costello antic president obama's outlined a plan to revive america's economy with the wallets of the wealthy and signs of almost surveys of fake of his own businesses and the richest americans who are expected to pay more tax for the hikes the candidates bring in about half of the planned three trillion dollars which need to be saved over the next ten years a bomb how did specific promise to him and you get reduction that you saved in the cut welfare benefits if you didn't also include tax hikes for hyannis but his rival republicans describe the president's approach as class warfare which will not create jobs and a tearing economists lee rockwell believes the bom is plan targets the wrong people . were getting poorer and it's absolutely true the government connected rich are getting richer so what do we do about that do we punish businessmen who are creating 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 away from the ruling class i think that's what we have to concentrate on not let the guys at the top which you know but who obama is working for again soros and then bucket and these kinds of guys not let them try to focus our attention on hating the guts of a guy on as a bunch of the subway sandwich shops he's not the problem he's the solution it's the bankers and all the people who've got rich wall street the 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 cutting back cut back government that's what we need to do. honestly rockwell there are learning the shortcomings as he sees them to be in the president obama's deficit cutting plan. the middle east now israeli settlers and radical right groups to gather in the west bank to protest the palestinians drive. at the un on friday police and the armed forces are on high alert fearing the mass marches might turn violent to settlers

enter palestinian lands. is there for us now let's cross over to paula what's the mood among the people what have you been hearing. well i live here in the west bank things happen very fast had i come to you five minutes ago you would have seen masses of people gathering here on the street in the west bank settlement of it tomorrow but just a short time ago they started marching down the road they're made making their way to the palestinian city of nablus and we'll catch up with them in a short time but just to let you know that the mood here is very tense the the purpose of this march which is one of several that is happening right now in several israeli settlements across the west bank the goal is they say to show palestinians and the international community that this is the land of israel and that it doesn't matter they say what happens in the united nations in terms of the palestinian bid for statehood the settlers will not be going anywhere and we're talking here of roughly half a million people so the scene really is being set for some kind of violence and

we're hearing reports coming from nablus which is the ultimate goal of this demonstration that palestinian police there are preparing for the eventuality of the possibility that the protesters might be able to come quite close to that city but it's not clear at the moment if indeed this will happen the israeli army is out the israeli army of course wants to try and prevent any kind of clashes any kind of violence it would not would certainly not be in the interest of israel to see that happening right now so the mood here not only in it tomorrow but across the west bank is one of uncertainty and many people concerned that the situation will spiral out of control and this is been building for a while all israel's been on high alert ever since the palestinians declare. their intention to go to the u.n. so what's been done. well certainly this is not unexpected the israeli army has conducted an operation accords operation some a seeds and this has been on the go for several months just in the last few days the army was putting the finishing touches in place it spent more than thirty five

million dollars on mobilizing the army the police and also city is themselves in numerous settlements there has been training given as well as non lethal weaponry such as tear gas to body guards who look after the settlements who comes in and who comes out just to get you know that when we arrived here today it was quite intensive security and they checked our passports they checked identity papers so that they could kind of prevent and control what is happening in the in the west bank settlements so the israeli army is very much concerned just in the last few days there were a number of incidents with settlers having confrontations with palestinians with settlers cutting down the olive trees in various other fields that belong to palestinians and what some people saying is that this is a show of double standards what we're seeing on the israeli side is that they are against the palestinians marching they have been planting mines on the northern borders of israel particularly along the israeli syrian border while they themselves go out and demonstrate let's have a look at this in more detail. there's

a growing sense of isolation among israelis for months they simply name did and now september is here and with the end ease and uncertainty about what to do when palestinians ask the united nations to recognize the state. the responsible thing to do from the idea of spring to view is to prepare for an eventuality prepare for the worst case scenario and hope it doesn't happen the worst case scenario is violence these even talk of food into these really armies been preparing for months beefing up security on sixty minutes and planting new land mines along israel's northern borders but many complain. these measures go too far now they are trying to mines. maybe it's more come for. the last thing tel aviv once is a repeat of the chaos at its borders 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 added danger to those clamoring the mines are not necessarily very to deal with people who have peaceful intentions but mines are a legitimate form of the fence many countries have mines on their borders for that 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 crowds are expected to surge forward when palestinians put forward their case at the united nations the army refused of 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 tof 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. or so what happened with you

and sometimes. it was. because. we continue the life he has. he got little sympathy from the israeli government that blamed 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 thousands of people surged towards the borders later this week i feel very very very sad. because you know or . just just. give flowers or good life for the people 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 city the stage for the next middle east crisis. r t israel well the u.n. general assembly is being dominated by the showdown over palestinian statehood let's get more on what's going on right now from the port he's in new york for us. there's no doubt that much talking on the sidelines is taking place where are we right now on this. well right now as it stands palestinian president mahmoud abbas is set to address the general assembly on friday and officially submit a letter of request asking for palestinian un membership and statehood but you can bet that between now and then u.s. officials will be working hard to divert that plan washington has said that it does not support palestine and campaign for you had membership and statehood and will

even use its veto within the security council if the security council recognizes or passes a resolution in support of palestinian statehood russian foreign minister sergei lavrov says that he believes it is wrong for the united states to block palestinian aspiration for u.n. membership and let's remember it was just one year ago when u.s. president barack obama suit up before the international body addressed the general assembly and said he hopes that when he returns in twenty eleven palace palestine would be a member of the united nations so clearly there is a lot of backpedaling right now a lot of backtracking u.s. officials do not want this to take place on a multilateral level they believe that the church negotiations with israel but at this point the majority of u.n. members do support the palestinian campaign for u.n. membership and if they win that support within the general assembly they will

become a non member they will see when a nonmember observer status and historic symbolic victory so between now and then a lot of talk and dialogue will continue about this event ok. friday right now the libby is in the limelight isn't it with president obama meeting the country's interim leadership what's happening on that school. that's right there was a high level meeting at the u.n. taking place on libya and u.s. president barack obama did address those in attendance dozens of countries were there including the libyan transitional council and president obama took the opportunity to sort of talk about what he calls the successes of the international coalition in libya he said that. the international community basically made libya a better place by removing moammar gadhafi from power and that the world will stand

with oppose doll feet libya but not all see not all of those in attendance and not all members of the united nations see this situation the same way russia for example believes that nato might have circumvented certain laws that were written within the resolution that allowed for a no fly zone over libya that resolution adopted by the security council and russia along with many other countries believe that the u.s. and some western european countries exceeded their authority took advantage of the situation and exacerbated an already sensitive conflict tens of thousands of people have lost their lives in libya since february and when the bombings and the military conflict increased with nato getting involved the casualties the fatalities also increased so at this point while the u.s. talents libya as a success many others think that it is

a problem that might have just been exacerbated with no exact solution in sight. at the u.n. elegies we deploy another there for us in new york. the european human rights schools rule but russia within the law when it moved to. thanks ford probe against the no defunct all john you calls the verdict state there are no indications the case was politically motivated by judges also found that between two thousand and two thousand and one the law school rushed the proceedings leaving the company with little time to repair its defense the freezing of its assets left you cos with no ability to operate causing its eventual collapse you cos which was once headed by jailed tycoon mikhail holder kosky demanded almost one hundred billion dollars in damages but the court says it needs more evidence from both parties before ruling on that claim more analysis on this story available on our website. let's get

a quick look now at some other international headlines this hour afghan officials say former president rabbani has been killed in an explosion at his home in kabul in a suspected suicide bombing rabbani led afghanistan during the one nine hundred ninety s. and most recently the country's peace council gave a political solution between the government on the taliban it's the second the tank and the green zone within a week after six heavily armed militants seized a building overlooking the u.s. embassy and conducted a twenty hour attack. an explosion has rocked the turkish capital killing three and injuring at least fifteen people officials their bomb was planted in a vehicle in downtown ankara while i witnesses claim to have seen a burning canister destroyed a part because from a nearby building the cause of the blast remains unclear turkey's no stranger to

the threat of terrorism told us that protests have recently intensified their attacks in the country killing over forty turks in the past few months. street fighting has escalated in the game in the capital as pro-government forces shot dead nine people in the third day of renewed violence the total number of victims since sunday has now risen to the sixty. for children the crackdown in sanaa follows reports the country's vice president could sign an initiative arranging the transfer of power something protesters have been calling for for months. a rule banning open homosexuality in the u.s. armed forces has been lifted out of the nearly two decades the policy known as don't ask don't tell was introduced in one thousand nine hundred three in the clinton administration under the law gay men and women could only serve in the american military if they kept their sexuality a secret activists for gay rights and equality described the moral pill as

a significant breakthrough. multiculturalism is increasingly rattling the e.u. citizens and turkey's plans to join is a worry for germany right now that you are having a top level talks in belen because germany wants to hold turkey back from being a full member which will allow the free flow of immigrants and its own part reported the demographic dilemma for europe's both ethnically diverse country. it's the end of school for a thirteen year old college in frankfurt germany his grandparents escaped from morocco in the one nine hundred seventy s. joining the launch of the white german society his mother grew up here and she seemed things change and we had a time where everything was perfect you know we don't feel like that we are immigrant met then there are like since my son was born as a after five years when i feel like some 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. situation also a population. increase so. this would not 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 by immigrant communities the changes in culture and ethnicity leaving some germans feeling threatened the islamism 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 there are developments. too late say immigrant communities arguing about immigration now is outdated and may even border on racism here we are still have a discussion about the his that day now we are like the middle age. and with a serious labor shortage looming experts say germany needs all the workers it can get to a solution for demographic problems we need other people see all need. is there make people these teenagers from poor immigrant backgrounds are being welcomed into a new educational program called start which helps them with money and support towards their final school exams 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. now not all countries are aware of a foreign influx as long as it thing passes we reported r.t. dot com. china is on the money is giving a helping hand to debt riddled bellerose we outline the terms of the dish and that are to dot com. and a little advice for fans of the red hot chili peppers internet piracy doesn't pay a man in the us has been hit with a sixteen thousand dollars fine for illegal file sharing but this payout could be just the tip of the iceberg to find out how much he found to lose log on to our website. ok just a few minutes not close or routes the roads among the financial world's a big player first they get the business update with the media this hour.

that's right time to delve into the world of business the russian ruble continues to retreat against the main currencies it's reached the lowest level against the u.s. dollar in ten months he does not use of all it good deutsche bank believes the russian course it isn't for a bumpy ride with durable and short term short term fluctuations. it's a new environment in the sense that now that the central bank is stepping aside from how the interventions into the forest market i think market participants will need to readjust their perceptions their expectations with regard to the ruble the ruble fundamentally is becoming more volatile these volatility intraday within one day of trading is going to increase significantly and this is something that is yet to be stomached by the foreign national markets and also by the household

wealth from more broadly even though the probably the latter part of the russians getting used to this greater volatility may take some time still. let's have a look at the markets now oil prices bounce but from losses in previous sessions where the escalating fears all of these euro zone debt crisis which continue to stoke concerns over to mount lights which is currently trading at around eighty seven dollars a barrel well grantees at one hundred eleven dollars. u.s. stocks are high it raising a drop earlier this session as speculation the fed will do move to stimulate growth offset concern about the economic recovery. and european markets are trading on a positive note they seem to have ignored the stench and pulls downgrade of the chinese debt rating the bullish sentiment is supported by speculation greece could receive the next tranche from international creditors the jack says two and a half

a cent up given as the nation's investor confidence fell just lowest level in more than two and hot years since september. and the russian markets were also at the close of play tracking those gains of the seas they are she has gained point six percent while the mice have seen jordan almost two percent growth let's have a look at some of the individual share some of my six energy majors will strongly in the black conch used a russian oil pipeline monopoly transnet so that net profit more than double. two one point four billion dollars deal and here the second quarter of twenty eleven thanks to crude sales to china shares what two percent on the news about shares of world speculation it might increase the amount of shares to be converted into depository receipts dixie was among the biggest gainers in retail sector at the company's top profit has jumped more than full fold as it significantly extended its network. in all the news. and russia's syllabi machine they are investing more

than one hundred fifty million dollars in constructing a plant in st petersburg to make poetry as form as it will be ready in two years and a third of production will be exported. germany's cmos is quitting its nuclear joint venture with the russian energy corporation the engineering giant says it is now going to focus on alternative energy two years ago the companies agreed to jointly build new generation nuclear reactors they were expected to construct four hundred plants by twenty third requiring a total investment of more than one trillion the euro but following the fukushima disaster soon started to phase out its nuclear power business the collapse of the tie up could put on hold for all saddam's and visions to extend its international reach. russia has expanded with a turkish version of its search engine it's opened a web portal in turkish and an office in that stumble this is the first time.

russian speaking market isn't in full some top competition as google already hauls a virtual monopoly of the search market in turkey. while high consumer confidence and cheap lows have given a boost to cars cells and russians or to make a volvo says it's heading for a long and sustainable growth in the market with sales up seventy three percent this year. i'm expecting growth in the automotive market around the twenty percent mark and i'd expect us to be growing slightly ahead not significant we had probably twenty five to thirty percent ahead for next year it's more a year of consolidation for us two thousand and twelve with at least in russia no major model launches but i think you know we're building on some very successful launch of a sixty very successful launch two years ago with x c sixty. that's all the business news for more stories you can log onto our website r.t. dot com slash business or join me for another business update in less than one hour sun so do stay with us.

in the faraway land where human life is ruled by nature. the distant past of planet earth is carefully preserved by the poor. interim animals lie hidden in the deep permafrost. and for those who deal with them through stored

times are still not to look for. more news today violence is once again flared up. these are the images cobol has been seeing from the streets of canada. showing corporations are on the day.

it's half past the hour here in moscow this is a. credit rating dropped. calls a negative outlook on growth the move has pushed up at least a boring costs to. get another heading for the european. with the palestinian bid be un recognition of just a couple of days the way israel and in. the west are keen to show israeli military forces are arming and. even the officials calling for the palestinians to resume direct talks. and so he's president to discuss immigration. tends to be a full. freedom of movement germany's year ethnically.