zone is trembling after greece's shock announcement that it's to hold a referendum on the euro bailout plans. joins us live from cannes for more on this and he said hello to you so one can only imagine that the mood there in cannes must be somewhat tense you're there on the ground tell us what is the atmosphere like. well leaders of the world's twenty biggest economies are now all here in cannes where it is raining and in fact of course this euro crisis reigning nicolas sarkozy's parade as a host so just say as the crisis is pretty much hijacked the entire summit there will be some bilateral meetings on the sidelines of brics economies meeting just taken place president medvedev there saying that the leaders have agreed on coming up with a common strategy on the euro crisis of course this crisis affects them much less than the g. seven for say seven of the world's richest economies and most of those european economies but there are what back home and strategy is their position towards the

euro crisis is most certainly going to once again reiterate the fact that it can't just be the world's eight or seven richest countries that decide what happens for the whole world the g twenty was created of course to widen the discussion to make sure that it's not just the top economists that the whole world really has a say in how to rebuild the financial system because it was those richest economies which got us into the crisis of two thousand and eight and that's why the g twenty is created with that said the euro crisis completely taken over as i mentioned after that bombshell by the greek prime minister a referendum will now be held in december nicolas sarkozy and angela merkel calling summoning really the greece prime minister on the eve of this summit telling him his decision was unilateral and that they may go ahead and hold the referendum but money will not be given unless the country is ready to make those cuts of course the people i was receiving for the last year out on the streets not ready to deal with those cuts to accept and then the greek finance minister coming out today and

saying he believes that the referendum in fact shouldn't affect the decision on the euro so really a showdown here between europe routes and euro skeptics at this year's g. twenty you know any so we've called these ongoing. protests in america we've got. debt crisis if you're saying two thousand and eleven for the eurozone has been absolutely devastating and yet we still have these summits we still have these e.u. meetings the g. twenty s. and yet does anything ever come out of the positive is there anything these leaders can do this time around to help resolving the neverending economic crisis. well that's going to be the big debate especially in light of all these protests you mentioned offered by there it's not just in the united states there certainly solidarity here we're seeing amazing pictures out of nice which is just some twenty five miles or so from cannes which has been completely shut off security here very high but it looks like trends of thousands of people out on the streets trying to calm their voices heard very much the same thing that we're hearing from the brics

a common is that something needs to change that can't just be the countries with the money that makes the decisions all of the cards can be in those hands that's what these protestors worldwide are trying to make for these leaders here will they be heard with the euro crisis taking over that remains to be seen it does remain to be seen we'll have to see if anything positive comes out of this so if you turn yourself into any sort of a life many things. well hopes run high among eurozone leaders that foster developing economies including china will help the struggling beijing based correspondent sun says if china agrees to come to the rescue it will come at a price for europe. it looks like 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 after an i.m.f. fines now the i.m.f. historically has been dominated by the united states and european powers and developing countries of 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 them after the euro zone and so that's one thing and that of course would diminish the influence of western powers in that and not find 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 you're out and in the west so if china decides to help out the help out the euro zone in a crisis 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 china's influence is only such a grow and i think what we're seeing right now is you're seeing your i've been in the united states and a state of crisis because of the forces of globalization and perhaps and a larger scale you're seeing a shift of power and a shift and influence both economic power and political influence to the east

center of china. i don't exile here in our skies or in states you heard but discuss whether the legends of old school rock n roll might have actually made a better job of fixing the financial turmoil than today's bankers and politicians. and yoko ono were actually watching the kaiser report during their famous bed in in one thousand nine hundred sixty 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 shot exactly to look at some of the the posters on the wall like make love not dead now suddenly in the air two thousand and eleven john and yoko were clever boy ain't they so john was a visionary he saw the future he knew it was coming. because

reporters next hour here on our t.v. now in the united states all eyes are on oakland now it's where clashes have erupted between police and anti corporate protesters over forty people have reportedly been arrested and police of firing tear gas and rubber bullets to disperse the crowds and we spoke to our own lucy catherine off who's on the scene and here's what she had to say. if you can hear behind me at. my watch it for your channel. has acquired two hundred three hundred thirty four riot gear. for me about ten feet away from me a rather intimidating sight there at the police officers are lined up shoulder to shoulder about four rows had just moments ago they had you shoot an order for all of the protester security for over a loudspeaker they had also said that anyone there or main in the area regardless of their business here is. under this. and they said that they do have permission

to use chemical agents meaning here yes and possibly the flash of flash bullets tear gas for getting the air out of the earlier we saw basically what happened about three minutes ago the police officers walking down the taken over by the next character henri were literally up on line. and the officer one of the police officers pulled a metal. growing increasingly agitated behind me are you hearing chants of we are told. iraq war veteran was critically injured in the standoff over the lobby here how the hell of things but it does look like he's going to be marching broadly where we're standing to reclaim the base and push the closer to the south. and it just only

a rally of thousands paralyzed oaklands main port area it's one of america's busiest and i managed to have destructive businesses as well in the city. was also that was events unfolding and sent us this report. we're here at the port of oakland where the occupy wall street protesters have successfully shut down the port for the crowd you see behind me is gathered here because one of the workers tried to speed through the crowd almost running over several protesters trying to get through the human mind the human barricade the protester surrounded the car then to him from going he's now backing out but a lot of folks here furious thousands of people have gathered here now again the port of oakland has affected we've been shut down and several thousand people marched from downtown oakland on to 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 kinds of tactics are going to be

repeated at other occupy wall street movements remains to be seen i think that at the very least it's going to be a new tool in the arsenal of the occupy wall street movement we'll see sort of the power of 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 it's happened it's like me is that affect the pocketbooks of the of the large corporations that do get noticed i think that protesters will sort of learn a lesson from that or perhaps more that in other areas reporting from downtown oakland at the port of oakland or r.t.e. . keeping us updated on the latest developments with twitter for you to what you also describes the most dramatic event so. she was how the crew was unable to leave the port area of the filming a car that allegedly plowed into the crowd and i come out also got surrounded by

protesters who voted on whether to let them toss follow the events of the. twitter feed. to school. you. a lot from moscow now russian businessman viktor bird has been found guilty by a new york jury of trafficking to terrorists he was arrested in thailand three years ago later after several attempts by the u.s. extradited in two thousand and ten were 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 that businessman victor boot guilty on all the charges that were leveraged against him by the united states on those charges include conspiring to kill americans and inspiring 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 the u.s. fought very hard to get victor victor boot extradited from thailand to the u.s. over a year ago but that fight was was taking place since mr who 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 that 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 weight of the evidence and that we could 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. right there as it continues to question the grounds of the case against the boot and want him back you got a person off reports from central 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 all is to tori in the first place since it was twice that a tight court could not find enough evidence to extradite him then all of a sudden it changed its mind and just a few hours after that who was on the plane headed to the you are suspect in two thousand and ten and the foreign ministry here in moscow says that this was a result of political pressure applied on thailand by washington it also claims that the negative image has been created around the little boot in this case on purpose by u.s. media and all this makes

a russia question the us course objectivity at the moment the foreign ministry says that its main goal is to get to the boot back to russia. meantime author and investigative journalist daniel estulin says the boots case was used to cast a shadow on russia's image. they were to rule as a part of the international global game where russia basically was the end game russia was the only nation in the world to actually stand up to enable to the united states aggression to the plans of the powerful we need to actually have there be one world government a new world order one to accompany a limited call whatever you want them is just an example of what is actually being done against russia's interests across the world the ideas of the actual business mirror will actually get access to weapons being and of course there would be an american government to call the root of all those could be officer of course he was never going to be officer but the idea is that a huge b r us are going to get us going any weapons unless

a bar or regime has case obviously the insinuation of russia would actually help them and start climbing the weapons we basically puts russia in the same camp with iran north korea our cuba is a way that cetera. i'm for sure who's up for his international game for sure has. just come to an end. still ahead of us out here on r.t. investigating the entire venture the international criminal court in the hague will probe nato's bombings in libya of allegations of war crimes. and european stocks have raised earlier losses to a euro area leaders halted eight degrees before its referendum on the pretense bailout plan more in business in ten minutes. a quarter past the hour now here in moscow with the influence of social networks growing especially at times of unrest britain plans to use it against protesters following the summer's massive riots making youth club workers spy on their members is among the controversial

proposals including monitoring messages as artie's laura smith reports 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 but the government laid the blame. august's 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 anything suspicious would be passed to a special anti gang unit but the m.p. for hackney where some of the worst on record to place says it's not the technology to play in when you had drugs in this country in the twelve when there was no internet. text message so it is not so you know time with the real causes of riots rather than blaming the messenger and that's the real possibility it will backfire the some young people being used as

a safe haven in an uncertain world and message monitoring could undermine the agent relationship between you and vulnerable teen making them less likely to turn to them in a crisis and more susceptible to guide. and ultimately crime and violence during the riots social networks like twitter and blackberry messenger were used by rioters to pinpoint the next location marked for destruction the government went to spar is proposing shutting down the services while two men were jailed for four years each for inciting rioting on facebook but teens say spying risks isolating the very people they're trying to help. people. to stop those things that are undoubtedly social issues and solving them 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 or a teaser so concerned about laura smith r.t. london. or don't forget about our website or are today. it's with us plenty more on all of our top stories are also lined up for you online right now israel's military test fires a missile which is reportedly capable of delivering a nuclear warhead to any part of the middle east and as far as europe plus. banking bad has a family of animals and russia's far east taking to the highways to ask the local commuters for food and check out the footage in full on our web site. at all at sea .

very nearly twenty minutes past the hour now here in moscow nato's actions in libya will be investigated for alleged war crimes by the international criminal court in the hague according to the libyan health department nato airstrikes killed over a thousand civilians the international criminal court would assess the actions of all sides during the conflict meanwhile as the new leaders appear to tend more to show real lol than democracy the west might be disappointed with the results of its intervention michael scheuer a former cia intelligence officer says it's a beautiful 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 islam is certain 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. just a couple minutes away now from the business update for this hour but for now the international world news headlines for you out of the arab league says that syrian authorities have agreed to ease the seven month political crisis in the country the proposal is the government to remove tanks from the streets and turn to negotiations with the opposition within a fortnight it's the latest in a string of international efforts to stop the turmoil in the country that's claimed around three thousand lives since march. over four hundred twenty people are now dead as floodwaters in thailand fail to receive the worst hit areas are to the

north of bangkok where many residents are fleeing the region making their way through murky water just to get to dry ground monsoon rains since july have submerged a third of thailand it's caused billions of dollars in damage to homes and businesses . china is one step closer to establishing its own space station for the first time ever the nation has successfully docked two spacecraft in orbit and unmanned vehicle launched earlier this week hooked up with a space lab already circling the earth china launched its own program after repeated requests to join the sixteen nation international space station. eighteen months on the red planet one of the most exciting space experiments in recent history is now coming to an end on friday the mars five hundred crew will make a symbolic landing on earth after a simulated mission to mars took place right here in the moscow region so if you

have an art say asked the head of the project why only men were taken on board that full interview is coming your way in about ten minutes time. we did not make a point to the candidates six zero make distinctions between men and women we looked at the level of proficiency character traits the ability to work on a team and many other qualities. mitt knew there were different women but personally i would be sorry to put a woman in such conditions because a man can break his daily routine much more easily than a woman it applies to his private life family and even the professional career but woman cannot afford to lose so much time she should never stop collecting coins. five hundred days on a voyage to the unknown. a breakthrough in space travel. return from the red planet. mars five hundred touched down on r.t.

. are now a top of the business news and if you. hello and a very warm welcome to the business program russia's leading bank sperm bank and russian agricultural bank increasing rates for deposits in order to encourage consumers to bring more cash to lend us the maximum rate of their bankers now it's around seven percent but that's still lower than in small abouts which started raising rates in september some analysts say the banks are preparing for a new wave of financial crisis and liquidity squeeze ration hainsworth from bruce trading says the banks have a lot of assets on their balance sheets but cannot sell them in the current environment. it's cheaper to take money by increasing deposits or increasing. funding from the central pike it's cheaper to do that it's

to sell all the securities in a depressed market i don't think there's a problem in the search in the banks themselves i mean they're lending portfolios i think the problem is invested surety support photo. meanwhile the country's central bank has begun providing unsecured loans to lenders to save got them against a possible lack of liquidity it's also trying to reduce banks' dependence on overseas borings analysts say global economic uncertainty makes it harder for local lenders to raise. which brings us to the markets well as low as greek referendum on the player lounge agreement threatens to boost the european debt crisis and to raise the region's economy flights which is trading at over ninety one dollars a barrel while brant is hovering at one hundred eight dollars. european stocks have a raised earlier losses off to your area leaders halted eight payments to crays before its referendum on the region's bailout plan and finally here in moscow the

markets in the red in the last trading day of this week on friday the russian forces will be closed for a public holiday they are chest it's two percent in the red and my six is losing just under one percent. from a look at some of the individual show moves in the might six gazprom has bounced back from losses the company has resumed operations leave it to go with it to any normal cyclical is also lower the company has managed to acquire old one hundred twenty minute shares from the market it is by about it is paul sixty three percent of its target capital powerful it is losing two percent the company has a quarter of an eleven percent decline in its net profit for the such quarter year on if you push into russia accounting standards roland not from vera the capital says investors are waiting for news from here. following on from the fed's decision last night i think. two of the this is the first day i was first time

when the new head of the e.c.b. you will be communicating with the market. there is hope. you will touch rights to signal that you will be different from the producer and the quite so much on inflation i think if that comes through it's going to be good for risk assets everywhere and in particular russia. and minority shareholders in b.p. have filed a lawsuit against the company for failing to support their earlier suit against the british part of the venture the minority shareholder save the boss decision was back to buy b.p.'s representatives or should have been banned from voting on the issue they now want two point eight billion dollars compensation from b.p. but it's failed attempts to form an arctic exploration deal and show support for the mets that deal was by the russian side of to be as it was against the venture shareholder agreements. that's it for now another business update in less than one

us time for you here in our to you so do stay with us.

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did between the riots. protesters some reports saying that police actually fired. bullets out of them. to shut down would disrupt all sorts of businesses and the. leaders of the world's biggest. g. twenty summit. taken by the euro crisis now intensified by the decision to hold a referendum. verdict is a fair one. u.s. court finds the person guilty of. extraditing him from thailand.