you saw the snow. globe which ended with results michael beverly pulls a photo look at the riviera it's only since the children. kremlin we gauge the global reaction to the news that dealing. with a russian residency. next year if there is now planning to replace him as head of the gulf. we've got the announcement now of the analysis joining me and you know what the latest global and russian reaction to putin for president. european needed a rescue as they battle to stave off a double dip recession on the prospects of greek default while the i.m.f. warns it may not be able to recall the rooms. on freedom of expression in the u.k. isn't it starts president says over

a barrel and launching impossibly long to. see this is. a global media and responding to the news that. will come to his old job as president next year he's been in balance by russia's current president to be that i'm a dad and is now aiming to as prime minister. the announcement itself not a very big surprise but how and when it happened some analysts are saying it was the best kept political secret in modern history of course social networks went crazy with reaction if we take a look at some of the tweets that came immediately stateside from senator john mccain not a big surprise coming from him he of course a former presidential candidate in the u.s. in two thousand and eight says surprise surprise shocking news putin is running for

president and then here and russia from madrid its presidential aide are quote which we have nothing to be cheerful about it's better to be playing ice hockey at luzhniki that of course is the stadium where the united russia convention took place and the announcement was made he goes on to say it's probably time to switch to a sports channel ah another another tweet from katrina vanden fugal who's the editor of the nation i says they did it to replace region for democracy russian style not so they were going to hear from a lot of analysts whether or not this is the path to russia creating its own democracy and serve the state not necessarily. taking the the western model that we see in the united states and western europe up a very different reaction on the social networks so this really is just the beginning i think it's fair to say this announcement happens on the weekends too throughout this monday we're going to be hearing a lot of different analysis about what this means with your pooch and running again

for president in twenty five pushing those enjoy a slightly higher approval rating then president medvedev it's about three percent and really he is known for bringing stability to russia after the turbulent ninety's russian citizens of course very much appreciate that report from voice of russia radio had this to say he's got to start creating jobs just like other presidents other prime ministers have to do across the globe he's got to start the russian economic engine. going again reset the button on the economy there i don't think he needs to change or sell this point he has been very. consistent showing himself as a very strong decisive leader and he certainly has done the same with his protege you know obviously your personal good years and this is the kind of political intelligence this is the kind of smarts that i think people respect whether they're in russia or the u.s. you shown to be very decisive very strong and there's a vision for russia and i think that whether it's the u.s. or russia or any other country where you have a leader who has a vision and

a strength that people can see that's the that's the individual they want an office . they did it we certainly have their work cut out for them what they need to do now is convince the russian people that it's their tandem that will take russia through the next decade i move stability to further development. in the programs including peace. palace officials in washington bullying u.n. member states of the palestinian state to this as the security council gathers to discuss the issue also. for the area curfews to know about shutting down facebook social network sites. talking about it or you know civil war measures it's story changes in the u.k. is the home office and the police it pays a ban on not saying. eurozone leaders are preparing a rescue plan to prevent the escalation of the financial turmoil threatening to

send the global economy back into recession it comes as the i.m.f. has warned it may not be able to help big european economies struggling to tackle the debt over the greek default now widely considered a matter of time the priority is to prevent the biggest states such as if you in spain being dragged down greece has been hit by another wave of topic strikes against government was there a scene that is vast as. you can report it's the i'm asking you to be too tough on some hard trees being too soft on others like us well it seems. crisis began. the litter ship has changed but the methods have not for a desperate economy the i.m.f. still offers the same bitter medicine of draconian budget belt tightening reeses push to redouble its austerity efforts at a time of economic recession and to sell a vast trunk of public assets at fire sale prices some of new choice but to cut

dificid know the i.m.f. former head go many extra sconce said their forcing greece to pay back its debts would unacceptably impoverished the country and that everyone must be willing to accept losses on greek debt but philanthropy has never been the i.m.f. strong point it's an institution where my main shareholder is the united states of america well any dollar any euro that is invested in the fund goes dark. to the number principle and interest we're not in the business obsessed of subsidies we're not in the business of giving grants the u.s. and europe are holding the most votes in the organization and veto power despite the fact that emerging economies are in the engine of global growth in recent years the organisation's policy making has been under fire for being biased in favor of its top shareholders one of the functions of the i.m.f. is crisis warning in prevention but when three years ago the financial crisis in the u.s. was sending devastating shock waves throughout the world the organization proved

completely we've done that in a case of united. taken a much stronger position warning about the build up. in the right economy. and that will completely. and it will be able to monitor rich. united states as well as others that it was ok to discredit billeted some experts see the intimacy between the i.m.f. and u.s. corporations as a matter of concern to all of the big decisions at the i.m.f. are made by the u.s. treasury department well even the head of the world bank has accused the top advanced economies if you congress in their policies when countries with large fiscal deficits preach fiscal discipline the poor countries what are they really same it would i say not what i do when countries pay homage to free trade but hold back to belittling countries with barriers what do they really say do what

i say not what i do they do what i say not what i do world will fracture to the detriment of all. the old ways can and must change with the item of swarthy as members themselves facing their own debt problems any doubt whether the organization will be able to take adequate measures to work off possibly another global crisis as well lending money to the world's recur connelly's the i.m.f. is still facing the challenge of offering viable solutions that can not come with crippling measures but one thing is clear the world demands an i.m.f. that does not work solely for the benefit of the few i'm going to check out with forty four r.t. . now he speaks russian. including who says that it all it's a tackle the konami crisis countries in the west have to deal with what provoked it in the first place that consumption all these thoughts in our interview in around twenty minutes time. because those who became us going away western countries have

acted has become somewhat outdated as huge consumption and little investments and savings have provoked this crisis at this point most western countries are not ready to reduce their consumption and preserve the pre-crisis development of this does not give them a marriage from crisis and their consumption is not substantiated that we can really come up with results and consumption is putting them into debt so western countries have this issue and they're trying to resolve a printing money which only delays the solution we can care for dick traum economic point of view if there's printing of money and supporting an artificial demand will help kick start the engine of the western economy so far this is not yet happened after all what the federal reserve system must. now we can see the situation has become worse as those measures have not been enough and one can expect the printing of money will resume the.

other person is it global mood has been reflected in russia as long as weeks or markets suffer some of the worst losses this year let's get more now of course able to. standing by for us coming or so is it all tingly well not not actually you know alice's restaurant is bounce back up the shark losses in early trading and last week the r.t.s. fell thinks think rosette and why is it forced twelve markets affected by news that european leaders have made some progress on agreeing with size of the bailout but not how it should be funded so they work into what is attracting russia as well and more coming up on the market for the coming up in august i thought has rightly. take a looking forward to seeing you then this year but later likely. all the nations coverage of the turbulent financial situation around the globe kind of course we found on our web site any time you like all the dot com and he is a what else is online few right now and some things around it is the protests

occupy wall street in lower manhattan and said that second week its police take out their attempts to bring the demos under control. also online here finished suspended by his church for speaking out against one of the world's most wanted terrorists read all about it on r.t. talk on. the palestinian euphoria following their stated but at the u.n. beginning to dampen the security council prepares to discuss a case later today. given the u.n. two weeks to decide on the issue after accusations that the u.s. was intimidating member states and called the big down a bureaucracy a shadow of a promise to america these are also hangs heavy over the proceedings of armor as

valid to prevent the recognition of any feet palestinian state without the approval of israel mahmoud live audience member of the west bank says negotiations on towards a pile of one side has no interest in peace. have no the experience of the last nine years of their israelis are not serious in the go shooting with the palestinians they want to talk and build settlements they want to. carry on the. work. on the ground through mutual understanding between both sides between the israelis and between the palestinians but the united states is also an important element because the the aggrieved one. axis is blocking the peace process in the region and washington should stop its double standard policies it should also stop financing on all levels equipping is with the most of the people go up and the

unions are really fed up they have been suffering for the last six vacates and more they want finally to achieve peace and that's why we are looking for palestinian statehood we are looking to establish a palestinian independence state alongside is the word of both peoples live in peace and harmony together. as a band of struggles to contain the fallout from the palestinian bed near reports that he secretly approved the transfer of fifty five bunker buster bombs to israel . i legit pastis months and has had an office and was something that bush had rejected fearing that israel would sell the technology off to china but according to author and historian william blue for obama it's all about campaign finance or well the u.s. has been giving israel or all manner of. working here you know. it's not based on a large european i mean if you ask

a rational explanation that is not what he is pro israel because the money he gets in the u.s. from campaign yes unfortunately we can well he's your diversion that's why mortgage rates are the only rationale here. to agree logical about really gross. u.k. government granted to police the power to prevent far right groups are marching through several parts of london for thirty days so i know it says it applies that apparently if there's a violence of this sort of plan fighting lish defense leak earlier this month season or emmett reports pointed concerns that a dangerous precedent has been set in terms of police power and freedom of expression. the view of workers activists on the home office ban on marching it's clear it's an attack on the basic democratic rights in this country through september in six areas of london anyone marching like these people did last

winter is liable to be arrested and fined or even imprisoned. the ban was prompted by plans by the anti muslim english defense league seen here in luton in february to march through tower hamlets the area with the highest concentration of muslims in the country but instead of banning one march one day the home office banned all marches in six pirates for an entire month activist richard seymour sees a wider motive once again its past doesn't necessarily mean to say that mortars are going to happen it just means that the police to more powers and that's part of the wider problem but if you're restricted to a static demonstration the police are right to pen you in. a restroom very. small appearances or non-offensive these people behind me are amongst the lucky few they still can march just by pure accident of geography we're here in lumberton

which is not one of the six bars affected by the battle but if as many fear the government extend and widen the ban to take in more parts of london the scenes that you see behind me both small and large marches through london and many other cities across the country could be a thing of the past. comes hot on the heels of widespread rioting in many english cities in august it also coincides with the introduction of government austerity measures which some say amounts to the dismantling of the entire welfare state many say public fear of civil unrest is being manipulated to prevent unions from turning out to protest fierce cuts and pat. reagan from the workers revolutionary party says it's just the tip of the iceberg to the top in that area curfews we're talking about shutting down facebook social network sites we're talking about the kids or

your civil war measures because what they're doing in britain is creating a historic change inevitably. the majority of the population will oppose them the home office can only stop marching its powerless to prevent people from gathering but because organizations argue it's no good just standing there you've got to be able to march to make a statement as the union did in march when more than a quarter of a million people turned out to protest the cuts activists say that's exactly what the government's trying to stop just in terms of where we are at the moment in this country with the process of the steroids have been pushed through by the government trade unions are one of the major books opposed to our public order legislation goes tend to be used against striking workers something that's been very clear those there's been some recent examples of people being pulled off because guns are not obviously we can see any resistance to the cuts freedom of expression and dissociation in shrines in u.k. and european law with the u.k.

renowned for its powerful union organizations but the ban gives police the ultimate power to step in and arrest demonstrators merely for exercising their right to speak out against the government and that's a dangerous precedent to set you're a bit arty london. inclusive because some of the news that we're in from around the world this hour and syrian tanks and machine positions have begun the bombardment of the opposition health system of our standing in the west of the country reports these three people have safe or been injured and the army is preparing to storm the city it all is a sharp increase in fairness when she says have been surrounded. entry is serious seeing some of its biggest protests in months president assad's basically on the last on foreign meddling aimed at the stabilizing the country. the french senate elections have taken a historic town with the left wing enough seats to gain control of the upper house

is the first time that's happened for more than fifty years the change comes just seven months before the presidential election and is the series closer french president nicolas sarkozy and the conservative government. now where the last scheduled bull's eyes in catalonia has ended in clashes between france and unseat bullfights campaigners scuffles broke out their area in in the reader rather barcelona are also the end of a show that abound on bullfighting brought in by calculators parliament comes into effect in january after pressure from animal rights activists but many still see poor boys in as part of their heritage and want the station to say. libya's ruling national transitional council is reportedly struggling to fall when the government says fighting continues in the city of sept so moyles for you to more market down feed the ongoing civil wars claimed the lives of an estimated

thirty thousand people so far meanwhile in the capital tripoli a mass graves been discovered estimates to contain almost thirteen hundred bodies it's believed that the remains belong to inmates of his after his top security prison abu salim the site a massacre in one thousand yards so. we've got more on libya on our website r.t. dot com find out just how much the u.k. ministry of defense spent on bombing more while gadhafi and house of power. officials say two people have been killed and several wounded during a shooting at the u.s. embassy complex in the afghan capital there are unconfirmed reports the attack happened in a building used by the cia an afghan employee of the embassy was reports. behind the assault it's the latest in a string of attacks on cottle tell about it state and athol on the same district two weeks ago. and just days ago a format and president and key piece think

a state of the natha they think in his head and i think i still think blaming pakistan for the thirty minutes an attack that energy project in washington just doesn't want. during the way to just u.s. senate's armed services committee testimony admiral mullen the new u.s. secretary of defense jointly accused the pakistani military and specifically of the pakistani intelligence so i in a connivance and complicity in orchestrating the hakani network attack against the united states embassy in afghanistan there was nothing new in these accusations and allegations except there has been hearing them for almost ten years the american intelligence leadership has completely lost the dynamics and the overall picture of clear and present danger to the interests

of the united states in the region specifically in afghanistan and pakistan in the last day kate the u.s. foreign policy in pakistan has suffered a total and complete moron by its nature of threats and complaints and military and financial incentives turned out to be totally counterproductive and personally it has made this highly respected flag officer admiral michael mullen and his new boss leon panetta and one of the most popular laughingstocks and scapegoats of the u.s. failure in afghanistan. ok.

hello welcome to our business update the southbank for joining me ross and markets of bouncing back after a sharp falls in the first hour of trade and i just in the news that i'm up with i will be making another bit of russia's presidency and i couldn't be stepping down as finance minister more globally european leaders have made progress on agreeing the size of the bailout but critically not know how how it should be funded here over here stock exchange for us after a relatively slow start to trading on monday both the r.t.s. and my six have started to regain some of the ground they lost last week when both markets took a bit of a hit now that was a knock on effect for some do me a growth predictions coming out of the united states also the ongoing debt crisis in the eurozone well there was a meeting of eurozone finance chiefs over the weekend but all that did was really throw up more questions than answers they did say though that it could take almost

two trillion euros to bailout the debt riddled countries in the eurozone so all of this coming together to leave the markets extremely volatile at the moment you throw into the mix the big news from russia vladimir putin will run for the presidency in twenty twelve and the finance minister lipsey put it in may step down and it's quite difficult at the minute to see just how much of an impact that will have on the markets right now. the uncertainty in the financial markets has made cash king even the traditional safe haven ass and gold is down fifteen percent from its recent peak and one point on monday it had lost one hundred dollars although it since bounced back meanwhile silver has lost more than a quarter of its value in just three sessions now to discuss what's going on precious metals i'm joined by senior trade here capital thank you for joining us so gold is supposed to be a safe haven yet even as the national side it is rising that's going on. the wall

is this a favor to long as the reward is there versus risk but what we've seen recently with gold is a fantastic run to the upside is traded that our noisy hundred dollar levels twice as it got started to trade became increasingly overcrowded so you had individual investors and as well those of the individual investors larger trading houses investment banks and sovereign nations all piling into the same time when they did it becomes that it is very little supply left it would certainly be more left. carlos' and therefore we saw you see a pullback in the in the prices also exchanges of increase their margin required. because it requires a whole goal so this is to be a short sharp sell off and is in line with what we're seeing elsewhere in the markets as well we're seeing a fall in the price of commodities in general in the price of copper so we're seeing a bit of a pullback it's had a very sharp fall today but that brings it down to realty oversold levels and we

could see some point you just coming in we certainly have seen some buying interest for you this morning but you could be short lived now now how convinced is the market in london that europe's leaders can find the funding for the much bigger pay large package which could be as much as three trillion euros. well i don't think the markets are you convinced we rallied on friday late on friday expecting some sort of announcement from or from the e.u. struck i.m.f. over the weekend we didn't get that and what we have seen is a lot of words no decisive action and the longer they leave it the more volatile the market is likely to get and we're entering that period of the year whereby volatility increases quite sharply you tend to see in october a shot falls in it with the prices and if there's north a resolution to the european debt crisis then we could see further falls. but if europe can hammer out say well that's they are package we expect gold to fall

further. certainly fall further because as i mentioned before it has become relatively low crowded and traders are now looking at the rewards versus the risk and if there's limited upside to be had in gold and they're looking at other asset classes as a possibility for safe haven what we have seen recently is investors switching out of gold into the dollar which as we all know has been pounded and pounded over the last few months or so certainly on the back of increased amount of. stimulus spending but now the dollar seems to be outperforming the other currencies certainly last month or so we could find that there is a trend that continues over the next few weeks so what's your forecast for the gold price from here. well fifteen hundred seems to be a fairly good level for gold that's where the previous move all the noisy hundred started off from so i expected back down to fifteen hundred we traded very close to

that level first in this morning and you could find some support there but then if we see another move up you could give investors the chance to offload for the long positions and we could see more slowly coming into the markets and that's where the fifteen hundred thousand you look at it all hundred dollars certainly if they can all make numbers in the economic situation begins to improve and you start to be can say no we could see that safe haven also gold becoming less so but what about silver why silver do western gulf. war silver traditionally is a more volatile asset in gold we've seen it trading very quickly up to fifty dollars in last few months very quickly back down again and it doesn't have that same sort of status as gold and it has more of an industrial use but then you track more speculative interest in silver as well so you're seeing wild movements of the upside very quickly back down again as well and you tend to find the silver when he goes quiet will go quiet first time but when you breaks it will break with

increased volatility and you find these wall moves become become more common go forward ok thank you very much all those lovely senior trader and he acts carol thanks very much but that's our take now let's take a look at the markets russian stocks are bouncing back strongly from earlier losses r.t.s. is like seven percent and rising more than two percent this hour. that's all the time we have for this hour but i'll be back with more on this from.