and the green liberals are tilled into. the world's biggest economies need for g twenty summit where center stage is taken by the euro crisis now intensified by the greek decision to hold a bailout referendum. more than forty arrested in oakland california work clashes erupted between riot squad officers and i was treated protesters with some reports saying police are firing tear gas and rubber bullets. the moscow says it doubts victor believes the verdict is a fair one and will pursued a return to russia as it was for high businessmen guilty of arms trafficking after his arrest in thailand.

it's one pm in moscow i match reza good to have you with us here on r t our top story it's a shaky time for leaders of the world's twenty biggest economies were set to meet in a friend's euro zone trembling after greece's shock announcement that it's to hold a referendum on euro bailout plans are g.'s an eastern al gore's a slide in cannes for more hello and he says so what's going on in cannes and what's the mood there ahead of the summit. well leaders from the world's biggest economies have all gathered here in cannes are preparing for their main working session today which like you said is going to focus on bank euro crisis some of the world's emerging economies like russia brazil china maybe not so happy that it is sort of hijacked this summit but after that announcement from the greek prime minister that the country would in fact hold a referendum on whether or not to make cuts in order to receive the latest batch of bailouts that are being seriously pushed by france and germany yesterday on the eve

of this summit he was summoned by angela merkel and nicolas sarkozy they sat down with the i.m.f. and the european central bank and basically he was told that his decision was unilateral that the country can do what it wants but they won't receive any money until they make those cuts so really in other words you have to play by our rules or you have to get out of the club now of course it's no secret that the greek people are completely completely angered by what's happening and if that country does hold the referendum which we are now i know that it is meant to happen in december so that most people main portion of the population is most likely going to fight vote no and then also a recent statement a very very contradicting statement from what we heard from the greek prime minister basically defending his country's right to decide their fate in terms of the euro and whether or not stay in the euro zone from the country's finance

minister saying that the referendum sent a fax and the decision on whether or not to stay in the euro zone so this really is going to be a showdown between euro crisis some people call them the euro skeptics on the fate of greece and whether or not its people have the right to decide whether or not it stays in the euro zone some people of course say beggars can't be choosers so it's certainly going to be a lot of intense dialogue and focus on the euro and its crisis but then also the question of what about all the other issues that need to be discussed by these emerging economies. what is the scene. the leaders out there are able to do what they have the capacity to do in order to help resolve europe's financial crisis. but that's really the debate how much can be decided in a summit that's going to take place over a day and a half in terms of the euro and that that relates to all issues that these leaders are going to be discussing and to discuss with the g. twenty let's not forget that the g. twenty was created in order to expand the g eight when emerging economies like russia and the brics were saying well it's not fair that the g seven in the g eight

make all these decisions you got us into the financial crisis and the system needs to be changed that hasn't happened of course we're seeing all of these protests in the u.s. in europe not to mention of course the arab spring which many people thought would be discussed over these next three days it looks like that's not going to be the case but now people want their voices to be heard saying the same thing that the brics countries have been saying that massive remodelling of the global financial system that's to be done in order to provide stability for the entire world not just the world's richest countries all right i was a nice you know i live for us in the twenty summit thanks very much for that with. the hopes are running high among the eurozone leaders that fast developing economies including china could help the struggling walk beijing based correspondent shot in fans and says if china agrees to come to the rescue it could come with a hefty price for europe. listen china will likely be asking for some major

concessions one route for china's funding of the bailout fund would go through the i am not sure and i am not fines now that i am not historically has been dominated by the united states and european powers and it's evolving countries have long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having its money go through the i'm after the euro zone so that's one thing and not of course would diminish the the influence of western powers in that and that finds another thing that china may ask for is greater opportunities for foreign direct investment into europe and i that means sensually buying companies technology companies and so on and europe and in the last so if china decides to help out the euro zone in a crisis that china will use every bit of its leverage that it can right now china has all the money and as one analyst put it china is right now the banker to the world and china's influence is only such a grow and i think what we're seeing right now that you're seeing europe and in the

united states in a state of crisis because of the forces of globalization and there perhaps and a larger scale you're seeing a shift of power and a shift of and influence over i can all my power and political influence to the east sense of china. later today max keiser and stacy herbert discuss whether legends of old school rock and roll might have made a better job of fixing the financial turmoil than today's bankers and politicians. john lennon and yoko ono were actually watching the kaiser report during their famous bed in in one thousand nine hundred eighty nine and you see you know this is a unique perspective not very many people look at this shot from that time but as you can see they were also saying all we are saying is let the banks fail and kaiser karma at the time nobody thought to look at the full three sixty of that chart exactly to look at some of the posters on the wall like make love not dead now suddenly in the year twenty eleven john and yoko were clever boy and

they saw john was a visionary he saw the future he knew it was coming. and turning to the u.s. all eyes are on oakland california where clashes have erupted between police and anti-corporate protesters more than forty people reportedly arrested with police firing tear gas and rubber bullets to disperse the crowds. capping off is on the scene she joins us now by phone hello lucy so they're going on the streets right now. i can hear behind me. two hundred three hundred police officers full riot gear. for me about ten feet away from me a rather intimidating but there are lined up shoulder to shoulder. just

moments ago they issued an order for all the protesters. think also that anyone can remain in the area regardless of their business. record or record and they said that they do have permission to use. so they've been here yes and possibly. they make loud sounds and. the earlier. basically what. the minutes ago we talked. about. territory were literally at. the office. i'm hearing the. patient was. sort of left alone there's no plea. to be here right now.

increasingly agitated behind me here in camp we are. working. well it's a chance. he. killed by a police officer in two thousand and nine a very prominent member many people in oakland their identity i don't. think. we are going to be marching broadway where we're standing to reclaim this base and push the fuck out. of a lot. of these like a looking thing sure that. firing agree or. shoot exactly what the. white people in one of the

actually showed me where. he was coming out. it looks like the. thing it takes. i think for it to. talking about earlier that's not. joining up in the ranks but not. the full riot gear standing here it looks like they're about to march on we're just we're just telling and understandable brian todd reporting here for you on the ground in oakland. all right aren't you lucy coming up stay safe out there lucy thanks for being on top of that story for us well earlier thousands paralyze one of america's major seaports oakland california disrupting business in the city lucy was there as the events unfolded she filed this report from the scene. we're

here at the port of oakland where the occupy wall street protesters have successfully shut down the porch the crowd you see behind me is gathered here because one of the workers tried to speak through the crowd almost running over several protesters trying to get through the human mind the human barricade the presence or surrounded the car and to them from going he is now backing out a lot of folks here furious thousands of people had gathered here now again at the port of oakland has the fact that we've been shut down and several thousand people have marched from downtown oakland onto this area they shut down all of the gates effectively sending a warning shot they say to the so-called one percent the corporate owners of the courts trying to hurt the top of the to where it hurts the most in the pocket in the economic sense whether or not this these kind of tactics are going to be repeated at other occupy wall street movements remains to be seen i think at the very least it's going to be a mutual an arsenal of the occupy wall street movement will see sort of the power

that that folks have to organize on short notice and to take out these kinds of actions that you know can't really be ignored regardless of whether you stand for or against this issue and in fact it's like me is that in fact the pocketbook something of a large corporations that do get noticed i think that protesters will sort of learn a lesson from that or perhaps that employ that in other areas reporting from downtown oakland heard about plans for our t.v. i'm listening happened you see is keeping us updated on the latest developments by her twitter feed she's also describing the most dramatic events of the day you know clip. to reveal how we are t.v. crew was unable to leave the port area after filming a car falling into the crowd as lucy and her cameramen got surrounded by protesters who had to vote on whether or not to let them all the events in oakland by overseas twitter feed and a real tweets at parties underscore. switching gears to some other top stories on

our t.v. russian businessman viktor bhutto has been found guilty by a new york jury of trafficking in arms to terrorists he was arrested in thailand three years ago later after several attempts by the u.s. extradited to new york in two thousand and ten or he's worried important as the latest. just one day after deliberations began a jury of twelve handed down that verdict and the verdict is that they found russian business businessman guilty on all the charges that were leveraged against him by the united states and those charges include conspiring to kill americans are conspiring to kill u.s. officials trafficking rockets and also he was charged with supplying arms to the revolutionary armed forces of colombia an organization the united states deems as terrorists now this this trial of victor boot went on for about three weeks but his presence here in the united states has garnered

a lot of attention as we've been reporting that u.s. fought very hard to get victor victor boot extradited from thailand to the u.s. over a year ago but that fight with was taking place since mr blewitt was arrested during a sting operation in thailand in march two thousand and eight. has pled not guilty on all the charges and he still maintains his innocence his attorney albert diane did speak to the press following today's events that took place in court so this is not the end but he still has a chance that we have a chance to will again we can appeal to this judge. that the verdict was rendered against the we do but you know bill and then we can also proceed to the united states court of appeals but we are disappointed at this verdict now that he's been found guilty on these charges he faces a sentence of anywhere between twenty five years and life in prison russia says it continues to question the grounds of the case against it and wants him back in the

country argues europe in all of reports from moscow. russia strongly criticizes the u.s. courts decision saying that it's a big question into how lawful was it that the us managed to get you to boot all is to eat or in the first place since it was twice that a thai court could not find enough evidence to air surround him then all of a sudden it changed its mind in just a few hours after that which was on a plane headed to the us back in two thousand and ten and the foreign ministry here in moscow says that this was a result of political pressure applied on thailand why washington it also claims that the negative image has been created around and this piece on purpose by u.s. media and all this makes the russia question the us course objectivity at the moment the foreign ministry says that its main goal is to get to difficult back to russia. author and investigative journalist daniel estelle and things bullets case

was used to cast a shadow on russia's image. as a whole international rule will be a mirage basically is the end game russia is the only nation in the world that actually stand up to me and to you know russian and little plans of the who we do actually how we want to world government or new world order were a company when we would call it whatever you want then we were just an example of what is actually done against russia's interests across the world the ideas of who should rule how business will actually get access to weapons being and the rebellion the american government to call the usual education be officer of course he was never really k.g.b. officer in the early years of that huge a b r us are going to get a sense of any words unless a powerful nation which he's obviously the insinuation of the russia would actually help them and so the weapons we basically pull to russia in the same camp with iran north korea are. really in trouble i'm for sure who's on his international game. this case has come to an end. stay with us here on r.t.

still to come this hour investigation into the pension criminal court in the hague will prove nato bombings in libya over allegations of war profit. stocks across europe and in russia seeing a sell off is spears greece may refuse the latest bailout deal more in business in ten minutes. but first with the influence of social networks are growing especially in times of unrest and britain plans to use it against protesters following the summer's massive riots making youth club workers spy on their members along the controversial proposals including monitoring messages at this hour he's laura smith reports from london the plan could cause total isolation for potential troublemakers. the reality of life in east london young teens take part in a workshop on gang violence with the government laying the blame for all ghosts riots firmly at the door of gangs one london council is talking about making youth

workers spy on their members and monitor their social network activities and anything suspicious would be passed to a special anti gang unit but the m.p. for hackney where some of the worst unrest place says it's not the technology to plain when you had drugs in this country the twelve there was no internet and there was no. text message so it is not so you know time of the real causes of riots. and there's the real possibility it will backfire for some young people the used book is a safe haven in the middle east and world and message monitoring could undermine the kitchen relationship between you and vulnerable teen making it less likely to turn to them in a crisis and more susceptible to get. out slightly crying and violence during the riots social networks like twitter and blackberry messenger were used by rioters to

pinpoint the next location in march for destruction the government went as far as proposing shutting down the services while two men were jailed for four years each for inciting writing on facebook but teens say spying risks isolating the very people they're trying to help if that happens then people will know that you sent these type of things there are undoubtedly social issues and solving the requires walking a fine line between coming down hard on troublemakers and preserving civil liberties for everyone but it's clear that this measure which would cost hundreds of thousands of pounds to enforce could also cost the trust and goodwill of the same at risk youth the author of these are so concerned about laura smith r.t. london. don't forget our web site where there's plenty more stories of videos at alice's lined up for you here is what's a click away at our t.v.

israel's military test fires a missile reportedly capable of delivering a nuclear warhead to any part of the middle east and as far as europe. faking bears a family of animals in russia's far east takes to the streets look for wood from the local to check it all out party dot com. nato's actions in libya will be investigated for alleged work crimes by the international criminal court in the hague according to the libyan health department nato airstrikes killed more than a thousand civilians the international court will assess the actions of all sides during the conflict meanwhile as the new leaders appear to tend to border to sharia law the democracy in the west could be disappointed with the results of its intervention michael scheuer a former cia intelligence officer says it's an inevitable consequence. the media is

very childish in many ways believing you can build a democracy in six months or six years the americans and the british have been at it for eight hundred years and so now that it's turning out to be a mistake that the islamists are in power in tunisia they're going to come to power in libya the media is running away from the story and on top of that american leaders are not unlike the leaders that were in moscow during soviet times they believe in the inevitability of democracy everywhere just is as marxism was it once believed to be inevitable and as a result they're upset in power structures centuries old and they're going to pay for it by an increased power among islamists and by civil war in those countries coming out of some other stories making headlines across the globe the hour of the says his authority is have agreed to ease the seven month political crisis in the country would work. urges the government to remove tags from the streets and turn to negotiations with the opposition within a fortnight it's the latest international efforts to stop the turmoil in the

country that so far only about three thousand rights since much. more than four hundred twenty people now dead as floodwaters in thailand fail to recede the worst hit areas are to the north of baghdad where many residents are fleeing the region making their way through the murky waters to dry ground monsoon rains since july have submerged a third of thailand leading to billions of dollars in damage to homes and businesses. china one step closer to establishing its own space station for the first time ever the country successfully docked to orbiting spacecraft and vehicle launch earlier this week with a space lab already circling the earth trying to launch its own program after repeated requests to join the sixteen nation international space station were denied. staying with celestial activities eighteen months on the red planet one of the most exciting space experiments in recent history is drawing to a close on friday the mars five hundred crew will be making

a symbolic landing on earth after a simulated mission from mars in the moscow region r.t. sophie shevardnadze asked the head of the project why only men were taken aboard the full interview when the next hour but here's a preview. we didn't meet includes of the candidates six will make distinctions between men and women it was when we looked at a level of proficiency the character traits the ability to work on a team and many of the coolant sees. mere you know there are different women a personally i would be stories put a woman in such conditions because a man can break his daily routine much more easily than a woman if only see his private life family and even a professional career woman cannot afford to lose too much time for she should never stop collecting coins. five hundred days on a voyage to the. a breakthrough in space travel.

return from the red planet. mars five hundred touched down on r.t. business report up next with helio stay with us here on r.t. . thanks that time to delve into the world of business and russia's leading banks aspera bank and russian agricultural bank increasing rates go to cause us at all to encourage consumers to bring more cash to lenders the much slower rate of us now it's around seven percent but that's still on lower than a smaller banks would start raising rates in september some analysts say the banks are preparing for a new wave of financial crisis and requests just points richard henceforth from risk rating says the banks have a lot of assets on their balance sheets but cannot sell them in the current environment. it's cheap low bitrate money by increasing deposit it was really all increasing the. funding from the central bank is cheaper to do that than

to sell all those securities in a depressed mom coach i don't think there's a problem in missouri in the brakes themselves g m m m let me quote folder the problem is unless you're it usual for we are. meanwhile the contra central bank has begun providing unsecured loans to lenders to say they've got them against a possible lack of liquidity it's also trying to reduce banks dependence on overseas borings and they say global economic uncertainty makes it harder for local lenders to raise cash i've thought well some have a look at the markets oil is low as greek referendum on a bailout agreement threatens to boost the european debt crisis and the way of the region's economy writes we just phrasing it as ninety one dollars per barrel and branches covering that one hundred eight dogs. european stocks assuming a selloff as is higher since greece may refuse the latest bailout deal and finally

hit most of the markets all in the red in the last trading day just before the cries of the russian forces will be closed for a couple more days your chest is two percent in the red and the my six is losing about one percent. on some of the some of the individual shed loads on the night six most of the blue chips the trading of the red with gazprom down the last three percent the company has resumed operations and leave it to go with the italian any neurons to nicole is also one of the company has managed to acquire a one hundred twenty million shares from the markets and it's buyback that is called sixty three percent of its charter capital air force is losing almost four percent the company has for photos and eleven percent decline in net profit for the sept we will check on via that's under russian conference standards are. and that's where the capital says investors are waiting for news from your. following on from the fed's decision last night i think all eyes will now turn to the e.c.b.

this is the the first day the first time where the new head of you will be communicating with with the market. there is hope. he will cuts right sort of signal that he will be different from his from his predecessor and not quite so much about inflation i think if that comes through is going to be good for risk assets everywhere and in particular russia. and minority shareholders of t.m.p. b.p. have filed a lawsuit against the company as of tonight supporting their earliest suit against the british part of the venture there kusa say the decision of the company board was affected by the british representatives who should have been banned from voting on the sheet the minority shareholders are looking for two point eight billion dollars compensation from b.p. members of the company say they knew in advance about the british may just arctic partnership with russia has also left the arctic deal between b.p. and barrel snecked was blocked by the russian side of the sea and the b.p.

as it was against bunches agreements. were business news unless someone else dying for you so do stay with archly.

the butler the best so. it's good. to. see. you the latest in the science team six months from the front. we've done a few jerks coverage.