the. leaders of the world's biggest economies for the g. twenty summit where center stage is taken up by the euro crisis now intensified by the greek decision to hold of bailout referendum. forty people are arrested in oakland where clashes have erupted between riot squad offices. protesters some reports coming in the police are firing tear gas rubber bullets. moscow says it doubts that viktor boots the verdict is a fair one and will pursue his return home to russia and the u.s. court finds the business when guilty of arms trafficking after his arrest entitle.

coming to you live from the heart of moscow and this is with me rory solution it is a shaky time for leaders of the world's twenty biggest economies who right now meeting in france for the eurozone is troubling after greece's shocking announcement that it's to hold a referendum on e.u. eurozone bailout plans. now as in can. leaders of the world's twenty biggest economies are now all here in cannes where it is raining and in fact of course this year a crisis raining on 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 fex 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 that common strategy is their position towards fuel prices 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's 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 was created perhaps 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 were 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 as we seen for the last year out on the street 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's really a showdown here between bureaucrats and euro skeptics at this year's t twenty. percent are either hopes to run high among euro zone leaders that thought developing economies including china will help the struggling beijing based correspondent shannon brown song says that if china agrees to come to the rescue it will come at a price. 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 i find that i am at 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 than i am 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 so that's one thing and that of course would diminish the influence of western powers and not 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 europe and the us so if china decides to 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 europe in the united states in a state of crisis because of the forces of globalization and they're proud on the and a larger scale you're seeing a shift of power and a shift and influence both i can all my power and political influence to the east sense of china. already i mean just what twenty five twenty six minutes about would

be a box cars are in states you hope we're discussing whether the legends of old school rock and roll might have made a better job of fixing the financial today because politicians. john lennon 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 crys their karma at the time nobody thought to look at the full thirty sixty of that stuff exactly to look at some of the. the posters on the wall like make love not debt now suddenly in the year two thousand and eleven john and yoko were close buoyant they saw john was a visionary he saw the future he knew it was coming. to

stay with us for the upcoming kaiser report now in the u.s. so all eyes are on oakland now where clashes have erupted between police and corporate protesters over forty people have reportedly been arrested by police so far and tear gas and rubber bullets to disperse the crowds earlier we talked to our own lucy couple of who's on the scene and here's what she had to say. i can hear behind me. my last. two hundred three hundred police officers or riot gear standing before me about ten feet away from me in a rather intimidating sight. are lined up shoulder to shoulder or road just moments ago they issued an order for all of the protesters to just. allow paper they had also said that anyone can remain in the area regardless of their business carry on. and they said that they do have permission to.

go agents. possibly. now appears. to be earlier. but basically what happened three minutes ago. taken over by the. territory were literally. the officers. precinct. behind me here in camp we are. going to be marching broadway where we're standing for reclaim the base and. out. i'm just

a bad idea probably of thousands paralyzed port area one of america's busiest and managed to disrupt businesses in the city capital which also there is the event on call that she sent us this report. we're here at the port of oakland where the occupy wall street protesters have successfully shut down the courts 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 presenter surrounded the car venting them from going he's now backing out but a lot of folks here furious thousands of people have gathered here and again the port of oakland has effectively been shut down and several thousand people have marched from downtown oakland on to this area they shut down all of the gates effectively spending a warning shot they say to the so-called one percent the corporate owners the courts trying to hurt the top of these 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 there's going to be a new tool in the arsenal of the occupy wall street movement go see sort of be the power 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 sad it's like he is that affect the pocket books but the large corporations that do get noticed i think that protesters will sort of learn a lesson from that or perhaps employ that in other areas i reporting from downtown oakland at the port of oakland for r.t.e. . and lucy is keeping us updated to hold the latest developments with twitter feed which also describes the most dramatic of the day you know. she reveals how the also the crew was unable to leave the port have the filming of coming into a crowd luciana come around i go surrounded by protesters who voted on whether and

also that the past couple of the events and i've received an awful twitter feed. tweets about see other school. russian businessman victor boot has been found guilty by a new york jury of trafficking arms to terrorists he was arrested in thailand three years ago and later after several attempts by the u.s. extradited in two thousand and ten. has the latest. just one day after deliberations began a jury of twelve handed down that verdict and the verdict is that they found the russian businessman businessman victor boot guilty on all the charges that were leveraged against him by the united states and 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 taking place since mr coote 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 we have a chance to will again we can appeal to the judge. the verdict was rendered against the weight of the bill and then 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 that is part of what i write that russia continues to question the grounds of the case against symbolic i think you know this girl has details from. 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 the seats or in the first place since it was twice that a thai court could not find enough evidence to extradite him then all of a sudden it changed its mind in just a few hours after that which was on the plane headed to the u.s. 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's why washington also claims that a negative image has been created around and this piece on purpose by u.s. media and all this makes a rush our question the u.s.

course objectivity at the moment the foreign ministry says that its main goal is to get to difficult back to russia. stuff right there in time author and investigative journalist daniel estulin says the boots case was used to cast a shadow on russia's image it was a part of the international global game russia basically was the n.b.a. game russia is the only nation in the world to actually stand up to me who really knows the russian dental plans of the bar who need to actually have there be one world government and you will go around to a company when we call it whatever you want them as just an example would be has actually been done against russia's interests across the world and the idea is i'm going to rule out businessmen will actually get access to weapons being a member of the rebellion the american government is called the neutral location be opposite of course you're going to be the opposite of the early years of that hugely are going to give us weapons and any weapons unless a powerful nation in this case obviously the insinuation that russia would actually

help them and stop lying with weapons we basically puts russia in the same cow probably ran north korea. i'm for sure who's up for his international game you know this. has come to an end. you know so we have you this hour here investigating the intervention the international criminal court in the hague world probe nato's bombings in libya allegations of war crimes. european stocks have a raised earlier losses after the euro area leaders halted eight degrees before its referendum on the region's bailout plan we're in business in ten minutes. ok now a quarter past the hour here in the russian capital with the influence of social networks growing specially at times on rest britain plans to use it against protesters it's following the summer's massive riots making youth club workers spy on their members is among the controversial proposals including monitoring messages

but it also has a laura reports that plan could cause total isolation for potential trouble. the reality of life in east london young teens take part in a workshop on gang violence but the government laid the blame for all guests riot firmly at the tour of gangs one london council is talking about making youth work because 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 west some of the worst on rest place said it's not the technology to play in and you had rights in this country in the twelfth century when there was no internet and there was no. text message so it is not. the real cause of riots. and that's the real possibility it will backfire the film young people begins to

a safe haven in other words and message monitoring could undermine the impatient relationship between. vulnerable teen making it less likely to turn to them in a crisis and more susceptible to die. so. the crying and violence during the riots social networks like twitter and blackberry messenger were used by rioters to pinpoint the next location in market for destruction the government went to scar is 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. people. use and these type of things there 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 this thing at risk youth the operate he says so concerned about laura smith r.t. london. i don't forget our web site of course our to talk comments where there are always plenty more stories and much more information on top stories and everything else as well waiting for you one life right now another story of israel and its military test firing a missile which is reportedly capable of delivering a nuclear warhead to any part of the middle east and as far as europe plus a look at this breaking bad is the family of animals and russia's far east takes to the highways asking locals for food check out of the footage in full on our website . our team dot com.

five minutes away from the business news here and say but for now nato is actions and 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 one thousand civilians the international court will assess the actions of both sides during the conflict meanwhile as the new leaders appear to tend more to shari'a law or think i'm not percy the west might 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 if the islamists are in power in tunisia and 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 and they believe in the inevitability of democracy everywhere just is as marxism was it once believed to be inevitable. and as a result fear of setting 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 you would see it's good to have your company today let's do some of it at the international headlines for you this hour the arab league says syrian authorities have agreed to ease the seven month political crisis in the country but the proposal urges the government to remove tanks from the streets turn to negotiations with the opposition inside the right 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. more than four hundred twenty people and that floodwaters in thailand fail to recede the worst hit areas are to the north of

bangkok where many residents are fleeing their regions making their way through muddy water just to find drier and higher ground monsoon rains since july have submerged a third of thailand causing billions of dollars in damage to homes and businesses. trying is one step closer to establishing its own space station for the first time ever the nation has successfully docked two spacecraft in orbit an unmanned vehicle launched earlier this week hooked up with a space lab already circling the earth trying to launch its own program after repeated requests to join the sixteen it nation international space station were denied. well eighteen months on the red planet one of the most exciting space experiments in recent history now coming to an ad on friday the nasa five hundred crew will make a symbolic landing on earth after a simulated mission to mars here in the moscow region sophie shevardnadze asked the head of the project why only men were taken on board

a full interview is coming your way next hour here's a little preview. we did not make a point to the candidates six will make distinctions between men and women what we looked at the level of proficiency character traits the ability to work on a team and many other qualities. that mere you know there are different women but personally i would be stories with 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 a professional career woman cannot afford to lose so much time she should never stop collecting points. five hundred days on a voyage to the unknown. a breakthrough in space travel. returned from the red planet. mars five hundred touched down on r.t.

ok now it's time for the business news with after a short break. in canada and the us that it is legal for you to use a bubble bath and your baby it contains a known carcinogen something that causes cancer most of the sharing most independent payouts in concert by industry and most of the crime rate though i'm not claiming it's a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer and my father and therefore i protect folks because the nature of ninety five percent of cancers hurt people with well funded history of cancer the pharmaceutical industry spends about fourteen percent of their budget on research and development and about thirty one percent for marketing and ministration. in fact there are more pharmaceutical industry lobbyists in

washington d.c. than members of congress. to. follow and a very well welcome to the business program it could be game over for greece in the euro zone and that's people decide not to back the bailout package in a referendum expected early december but warning from france's president nicolas sarkozy at the g. twenty meeting will do little to reassure the markets which are building their hopes on a global efforts to combat e.u. debt. the european package that was announced that the provided some security to the markets i think most people recognize that you need to see from barclays move following up on its own is not going to stop the crisis is a good start but there's a lot of details to be filled in and in particular i think the markets really like to see if this is part of some sort of colluding ninety's global. what is now

a global crisis and it's mostly based in europe right now but obviously the implications are all global so if the g twenty is able to come up with some statements that make it look like the world is supporting europe and i think that would be very positive. let's have a look at the markets oil is lowlights which was trading at over ninety one dollars per barrel while branches boring at one hundred eight dollars european stocks have raised earlier losses off the euro area where u.s. halted eight payments to greece before its referendum on the region's bailout plan . and here in moscow the markets are in the red on their last trading day of this week on pfizer's russian forces will be closed for a public holiday store chiasmus two percent in the red and my sense is losing one to one percent let's have a look at some of the individual share moves in the eyes of the problem has bounced back from their losses the company has resumed operations in libya to go with the tell and any where else to make

a will is also lowered the company has managed to acquire only one hundred twenty million shares from the market in its buyback it is sixty three percent of its charter capital therefore it is losing two percent the company has reporters and eleven cents to clients net profits for the first quarter if you know if you're according to russian accounting standards. the minority shareholders in team p.v.p. have filed a lawsuit against the company for failing to support their earliest suit against the british part of the venture the minority shareholders say the board's decision was affected by b.p.'s representatives who should have been banned from voting on the ship they now want two point eight billion dollars compensation from b.p. for its failed attempt to form an arctic exploration deal with russians or snapped that deal was blocked by the russian side of me as it was against the benches shareholder a criminal. russia's leading banks and russian agricultural bank increasing

rates which of course it's in order to encourage consumers to bring more cash to lend us the maximum rate of us now it's rolled seven percent but that's still lower than in smaller banks which started raising rates it subsumes up in some someone as the saying that banks are preparing for a new wave of financial crisis sound. which is henceforth from restraining says 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 all increasing the. funding from the central plague it's cheaper to if you try. to sell all best securities in a depressed market i don't think it was a problem in asserting the brakes themselves i mean there are many portfolios i think the problem is in the security as a portfolio. meanwhile the contra central bank has become providing unsecured loans

to lenders to so you've got them against a possible lack of liquidity it's also trying to reduce bank's dependence on overseas borings and they say global economic uncertainty makes it harder for local lenders to raise cash of course. ok you're up to date more business stories in less than one hour's time for you and for more analysis you can log on to our website archie dot com slash business. news to.

them in. the limited to just say. six. the book the female. come up. to british soil. sometimes cuts right through. the. markets

why not. come to. find out what's really happening to the global economy with much cause or for a no holds barred look at the global financial headlines tune into cars a report on our cheap. if mine. would be soon which bryson if you knew about someone from funniest impressionists. whose friends stance on team dot com. mission for if accreditation free country or charges free. range mentioned free risk free for us.