greece's shock announcement that it's to hold a referendum on e.u. eurozone bailout plans aussie's at least an hour now is in cannes for us. leaders of the world's twenty biggest economies are now all here in canada 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 hijack 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 per se seven of the world's richest economies and most of those european economies but there are what back common 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 economies 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 boys 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 as we seen 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's really a showdown here between europe rots and euro skeptics at this year's g.

twenty. will hopes to run high among euro zone leaders that fosse developing economies including china will help the struggling block beijing based correspondent shannon bond song says that if china agrees to come to the rescue it will come at a price for your. 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 and i am i find now that i am after story please been dominated by the united states and european powers and developing countries of long argued for greater voting power and more of a voice and i am 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.f. to the euro zone so that's one thing and that of course would diminish the influence of western powers and i am 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 help of 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 and in the united states and a state of crisis because of the forces of globalization and perhaps animal 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 and to china. already i mean just what twenty five twenty six minutes from now it'll be a box cars are in states you hope but discussing whether the legends of old school rock and roll might have made a better job of fixing the financial turmoil but today's 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 kaiser karma at the time nobody thought to look at the full three sixty you have. 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 and police are firing tear gas and rubber bullets to disperse the crowds earlier we talked to our

own lucy cut off who's on the scene and here's what she had to say. as you can hear behind me it's not about that on. my watch. as about two hundred three hundred police officers full riot gear standing before me about ten feet away from me a rather intimidating sight the police officers are lined up shoulder to shoulder about four rows be just moments ago they had issued an order for all of the protesters to just over a loudspeaker they had also said that anyone that remains in the area regardless of their business here is confidential under the threat of arrest and they said that they do have permission to use the chemical burgo agents meaning here yes and possibly the clash of flash bullets the smell of tear gas the still perforating the arrow the earlier question that we saw but basically what happened about three minutes ago the police officers march down taken over by the next carriage henri

literally a blind. man the officer one of the police officers pulled a medic remains. behind me are you hearing chants of we are told. iraq war veteran critically injured and the local lobby it's kind of unfair how the hell of things but it does look like the police officers are going to be marching down broadway where we're standing to reclaim the space and push the closest out. just a bit out of the rally of thousands paralyzed since port area one of america's busiest and managed to disrupt businesses in the city to cap it off was also there as the events unfolded she sent us this report. 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 speed

through the crowd almost running over several protesters trying to get through the human mind the human barricade the processor 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 ports 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 and i think that at the very least it's going to be a new tool in the arsenal of the occupy wall street movement sort of 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 is sad and it's likely is that affect the pocketbooks 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 for r.t. . and keeping us updated on all the latest developments with twitter feed which also describes the most dramatic events of the day you know. she reveals how the auto crew was unable to leave the port having to filming a car coming into a crowd luciana come and go surrounded by protesters who voted on whether or not to let them pass full of the offensive are. cut off twitter feed. tweets at all it's here on the school. russian businessman victor boot has been found guilty by 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. 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 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 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 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 he's going to write that now russia continues to question the grounds of the case against buddha and one symbolic you're going to school now has details from moscow russia strongly criticizes the u.s. courts decision saying that it's a big question into how lawful was it that the u.s.

managed to get all is to look for. 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 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 by washington it also claims that a negative image has been created around going to boot and this case on purpose by u.s. media and all of this makes the russia question the us course objectivity at the moment the foreign ministry says that its main goal is to get to the to the boot back to russia. 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 n.b.a.

team russia was the only nation in the world to actually stand up to enable the united states aggression it'll plans all the power who need to actually have their big one world government or new world order want to accompany when we call it whatever you want them is just an example of what is actually being done against russia's interests across the world the idea that the actual business mere will actually get access to weapons being and of course there would be in the american government it's called the usual 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 the bar or mission in this case obviously the insinuation of the writer would actually help them and stock line with the weapons we basically puts russia in the same camp with iran north korea cuba is where the. trouble i'm for sure who's up for his international game for sure has. just come to an end. you with r.t. and i'll still have you this hour here investigating the intervention the international criminal court in the hague world probe and nato has bombings in

libya over allegations of war crimes. european stocks have raised earlier losses soft euro area leaders halted eight papers to greece before its referendum on the region's bailout plan more in business in ten minutes. ok now quarter past the hour here in the russian capital with the influence of social networks growing especially at times of unrest 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 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 laying the blame. for 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 and 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 the twelfth when there was no internet. text message so it is not 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 is a safe haven in and around the world and message monitoring could undermine the agent relationship between. 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 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. use the start of 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 of jesus so concerned about laura smith r.t. london. comics where there are always plenty more stories and much more information on top stories and everything else as well waiting for you on line

right now the 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 family of animals in russia's far east takes to the highways asking locals for food you can check out the footage on our website. called. about five minutes away from the business news here 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 all sides during the conflict meanwhile as the new leaders appear to tend more to shari'a law than democracy the west might be disappointed with the results of its intervention michael scheuer a former cia intelligence officer says it's an inevitable consequence of 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 as marxism was it once believed to be inevitable and as a result they're upset. power structure is centuries old and they're going to pay for it by an increased power among islamists and by civil war in those countries

you with r.t. it's good to have your company today let's do some of the international headlines for you this hour and the arab league says syrian authorities have agreed to ease the seven month political crisis in the country that the proposal urges the government to remove tanks from the streets turned to negotiations with the opposition inside 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. more than a four hundred twenty people are now dead as floodwaters in thailand fail to recede 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 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. 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 trying to launch its own program after repeated requests to join the sixteen nation international space station were denied. while eighteen months on the red planet one of the most exciting space experiments in recent history 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 here in the moscow region sophie shevardnadze asked the head of the project why only men were taken on board the full interview is coming your way next hour here's a little preview. we did not make you into the candidates six or make distinctions between men and women we looked at the level of proficiency character traits the ability to work on a team and many of the cool a tease. the woman as we met know there are 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 a woman cannot afford to lose so much time she should never stop collecting coins for. 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. . ok now it's time for the business news with nearly a after a short break. in canada and the us today it is legal for you to use a bubble bath on your baby that contains a known carcinogen something that causes cancer most of the parenting that most

independent they are sponsored by the industry and most of the time they don't claim it's a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god nobody with cancer in my five therefore i'm protected. because ninety to ninety five percent of cancers hurt people with family 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 administration. in fact there are more pharmaceutical industry lobbyists in washington d.c. than members of congress. hello and a very well welcome to the business program it could be game over for greece in the euro zone if its people decide not to back the bailout package in

a referendum expected december the warning from france's president nicolas sarkozy at the g. twenty meeting will do little to reassure the markets which are betting their hopes on a global efforts to combat e.u. debt. the european package that was provided some security to the markets i think most people recognize that we need to see from that is more following up on its own is not going to stop the crisis is a good start but there's a lot of details that need to be filled in and in particular i think the markets would be like to see if this is part of some sort of coordinated 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 then i think that would be i would be very positive. tests have a look at the markets oil is low lights which is trading at over ninety one dollars

per barrel while branches bring at one hundred eight dollars not be all stocks have a raised earlier losses off tell your area leader has 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 this week on pfizer the russian forces will be closed for a public holiday store chiasmus two percent in the red and my sense is losing under one percent let's have a look at some of the individual share moves in the might since form has bounced back from their losses the company has resumed operations in libya to go with the intel in any growth to make coal is also lower the company has managed to acquire only one hundred intro two million shares from the market and it's by about it is about sixty three percent of its charter capital or ford is losing two percent the company has reporters and eleven percent decline in its net profit for the first quarter here on here according to russian accounting standards. the

minority shareholders in team q.b.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 prep resent it it should have been banned from voting on the issue they now want two point eight billion dollars compensation from b.p. for its failed attempt to form an arctic exploration deal with russia's ross nipped that deal was blocked by the russian side of to be as it was against the ventures shareholder agreements. and russia's leading banks and russian agricultural bank increasing rates for deposits in order to encourage consumers to bring more cash to lenders the maximum rate of burbank us now it's raj seven percent but that's still lower than in smaller banks which started raising rates at september in some someone as the saying that banks are preparing for a new wave of financial crisis adequate is squeezed which is henceforth from ruth's

rating 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 and i don't think there's a problem in asserting the banks themselves i mean their lending portfolio 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 and they say global economic uncertainty makes it harder for local lenders to raise cash of gold. ok your up to date more business stories in less than one us time for you for more analysis you can log on to

a web site archie dot com slash business. losing them is just

so. the first step to. wealthy british style. sometimes six crisis money. markets why not succumb to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to conjure reports on our.

totty. mission. cretaceous three. hundred three arrangement three. three stooges free. loading video for your media projects free media.

a bucket with. the headlines now. between. getting some. bullets being used by the police. corps. businesses in the center of the city. leaders all over the world's biggest economies meet the g twenty summit stage is taken by the euro crisis now intensified by the decision to hold a. verdict is a fair one will pursue his return home to russia u.s. called. him from thailand.