vladimir putin has unexpectedly pulled out from the g eight summit in the u.s. state of maryland that starts next week instead he's sending the prime minister dmitri medvedev. explains the rather sudden move. well this being a very busy week for vladimir putin on monday he was sworn in as president on tuesday how to deal with the election of a new prime minister in the paula meant until wednesday he was poss of the annual victory day parade here in moscow so the president called her and explained that he couldn't get attend the g eight next week to remain in moscow to finalize key cabinet appointments while the two leaders will instead meet next month in mexico the g twenty meeting to each image get of the prime minister who will be attending the g. eight representing russia instead though the white house issued a statement saying that they understood the position of president putin in welcoming the prime minister made good of to camp david so the issue of key cabinet

appointments being listed as the reason for putin's nonattendance at the g eight however it has left some wondering if they could be another motive for i'm not going but to me of putin's never really be the biggest fan of the g eight in fact he's said that he finds it somewhat outdated much prefer in the g twenty which includes more of the mooching economies in the world countries like brazil china india russia does an awful lot of trade with. old who is the president has said that he is committed to continuing to restart of relations between russia and the united states that was begun under the presidency of dmitri medvedev during his campaigning for the presidency flooded me a putin was very critical of some aspects of u.s. foreign policy and particularly the united states is standing still in syria washington's treatment of tehran and the arabia nuclear program as well as the

american antti missile defense shield that's proposed to eastern europe. right now as you're saying the missile defense plan in europe that will be offered. question by nato later this month the alliance is holding a summit in chicago expected to give the green light for the activation of interceptor missiles in poland but as artie's are reports washington's reluctance to cooperate might force moscow to take action. scared distrustful and even hostile these are only some of the labels more school has received in the west for expressing concerns over washington's controversial european anti-missile shield plans that u.s. wants to build european support for this missile defense system and the russians and the other here are very mistrustful of the u.s. global agenda and want to use this issue to just blow up the u.s. you p. not clients. that we should reduce. some

mythical threat. to make russia's position clear the defense ministry organized a special conference in moscow visualizing its warriors in a graphic collab experts say that by the year twenty twenty one the final phase of the shield will be ready nato bases in europe will be able to shoot down russian intercontinental missiles this moscow says violates the principles of nuclear containment and would dramatically shift the balance of global power used it would have no objections to the will of the us to strengthen security in europe but it cannot be done at the expense of our security security cannot be divided and that's one of the principles of the start treaty signed between moscow and washington the u.s. delegation again played down talks of a possible threat to russia now dearest. i. wish. i could be traced she said it would be very.

strange. but words do not match actions according to moscow with washington unwilling to rubber stamp those promises in a legal document until it does russia defense ministry says it will continue to grow military potential on its borders ready to act against america's a.m.d. ambitions even preemptively sujoy them is the resume issue taking into account the destabilizing nature of the missile defense system and in particular creating an illusion on punishable strike the decision about a preemptive use of force will be made in a period of heightened tension the deployment of new offensive arms in southern and northwestern russia including its kind missiles in the callinan grab region provides for the destruction of the european missile defense infrastructure. as the this scenario is clearly seen as a last resort however moscow is standing strong in its position sending the ball

firmly into washington's court. conference happened just two weeks before the nato summit in chicago where the alliance is expected to officially launch the first phase of the year m d and while nobody has any doubts that the points made here will not change the summits agenda they may eventually urge washington to provide legal guarantees that this system will never be used against russia something moscow has been demanding for the past several years. ago. rescue teams are struggling to reach the. russian steep mountainside in the next. report. the authorities have said that there is no sign of any survivors but it's been extremely confusing the search operation because it's taking place thirty

miles outside of jakarta in a very mountainous treacherous region so actually at one point people in the rescue had quarters were hearing that the searchers had found bodies but that's not the case that's not what we're hearing anymore so there's been a lot of confusion. as of the passengers that many of the indonesians on that airplane and informed of the fate of the plane that the plane actually crashed into a mountain where there was a dormant volcano and so obviously there's a lot of a. crisis center that's been set up in the airport where the russian jet one hundred took off obviously yesterday everyone was wondering what hop into this airplane when it disappeared off the radar as twenty minutes after it took off there was talk that perhaps even behind because the emergency beacon that should have gone on if the airplane had crashed into a mountain and didn't go off this plane is equipped with the latest technology it's

very high hat so many people thought. it was. sort of emergency landing somewhere is just was part of. around asia that was meant to remote i mean it just it just done several tests in kazakhstan pockets done in myanmar and was. on this was the first commercial airplane built in russia after the soviet union in two thousand and seven there have been around one hundred seventy orders placed for this airplane around the world this was a multibillion dollar project that had many countries involved time will tell. business the impact this will have on the selling. this airplane and many people many pilots that we've spoken to have sad that perhaps this was human error obviously the visibility was not that great yesterday there was fog and there was

raining we're actually having to take care of work right now we plan to stick to a russian blogger who was supposed to be on the airplane yesterday and did not work on the hike in several flights on the russian you place your bridge out in the other locations during this air show on he's been eased a blogger and he's been tweeting pictures from the crash site and also other information regarding the russian suit by superjet one hundred so i'll continue to bring you the latest information. now on. this program on. u.s. . forty killed in a. terrible. the

most recent. it happened on a very very busy right that leads to the airport from damascus a government intelligence building near the faculty of engineering it's an area where there would have been security and soldiers but also highly populated civilian area as well and unfortunately we've seen that high number of casualties and these injured as well as a result of these glasses twin car bombs one going off a few moments after the first last had occurred as the u.n. monitors who of course here in the country at the moment to even see the implementation of the peace plan had been at the see. the general the head of the mission here jim over that made he gave a statement he said he was very sorry for the families who've been affected by this and that what these people are doing this is what he said what these people are

doing is not helpful and they should find another solution without killing civilians so of course this is exactly what the u.n. observer mission is here in the country to see to be implementing the peace plans is exactly the kind of thing that they're going to be looking at very very closely and trying to stop where there are deep concerns that have been from the very beginning of this mission that there are going to be attempts to undermine it the actions in the course of this conflict have left the country wide ape into this kind of instability and you know all across the country right now you've got such large areas of armrest you travel to homes you travel to hama recently i mean it really is a huge struggle but of course even now here in damascus which for a long time remain largely sheltered from the ongoing conflict you're seeing it becoming a target now we've seen this forming campaign stepped up and certainly it is not really a secret anymore it's common knowledge that you have foreign nationals operating in

the country that you have armed groups that are carrying out some of these terrorist acts there is a lot of concern here that was the international. community's been apply a huge amount of pressure quite rightly so a lot of people would say only regime to end the violence and the crackdown on the civilian population seeking demonstrating they've had economic sanctions put on the and a huge amount of rhetoric coming from the west aimed at that side of it but that hasn't been the same pressure applied to the armed opposition in fact in complete contrast you've had some of the gulf countries you have the u.s. calling for moral arms to be sent to the opposition and the country has been quite open about calling for that and that funding is happening now got a situation in a country where people have absolutely lost all sense of security and stability and peace plan fails and you could see the country descending into civil war which is already happening in some parts of syria right now. or to you sir for the

fourteenth that will mean time brian becker from the anti war coalition says until rebels stop receiving weapons from abroad the violence will continue unabated. you have to look at the bombing and see who is the material beneficiary from the continued escalation of violence and i would have to say it's not the syrian government but those who are for mental and civil war in syria that would be parts of the armed opposition and that armed opposition is getting arms from turkey from other arab regimes in particularly saudi arabia and the gulf states and of course the backing of the nato powers they're not seeking reconciliation they're not seeking a brokered peace every effort by the syrian government to enforce a cease fire or to make concessions is met with armed opposition groups who are having weapons funneled to them from the outside we know this not only from the syrian ambassador but even from kofi annan the u.n. delegation which is acknowledging the flow of arms from outside into syria who

would do that and why well the only ones who would do it would be those who don't want to settlement don't want to negotiated peace want in fact a civil war leading to the eventual overthrow of this current independent government in syria. and you can always go deep into all of our stories and. you can find out for example how ukraine. is no longer on hunger strike. it's. thousands of. military hardware. all the big. marking sixty seven years since. spectacular red square and.

he's. the official. from the. video. and. the palm of your. comb. it is good to have you with us on day to form a coalition. rejected proposals by

the. parties this comes after sunday's parliamentary election. overall majority without the deal. will be forced to hold a new election in june german chancellor angela merkel has said any new greek government must stick to the austerity plan also stressing that cuts in the structural reforms are the only way out of the crisis the comic experts say that her demands on athens are unrealistic. he says merkel is speaking as if. the implementation of the fiscal adjustment program that these i agreed to between government and the european union. is a matter of will that if greece wanted to implement it then you would be able to do to do it. this is a very profound error greece cannot implement this plan because this plan cannot be

implemented by anyone it flies in the face of economically added. if greece doesn't try to implement it as it has been doing over the last year and a half or so all that will happen is that the day is going to get worse that he session. it is often gone and he's going to enter more into its current corner so what mrs merkel is asking the greeks to do is mission impossible. now russia and china have been singing from the same song sheet rather a lot recently and offers the latest to join the charm offensive the russian foreign ministers in the region to talk up common interests and jang from peking university says it makes sense for both sides to continue working closely together . every major global power really benefits from a little stability both countries but entire world stands to benefit from

a peaceful resolution to the crises in syria and what's happening right now between israel and react so both countries benefits from each other i would say if you would say it's more than seventy china because you could argue that russia the russian economy is self-sufficient where china very much is its economic growth it's very much dependent on global stability and global economic growth you could argue that after the fall of the berlin wall the united states start to attain this . proportionate and really unreasonable and ultimately unsustainable amount of wealth and power and now what we're seeing basically is that we don't see where russia china and the brics countries rising in influence and i think that's the way it ought to be for too long we've been to you to pull the world and that has created a lot of issues and we're still going towards a world which i think is all to me more reasonable and more sustainable. are poorly

behaved football fans kick off the frost now the world cup at that is they were clashing with police and punished capital overnight thousands poured into the streets celebrating athletico madrid's victory in the europa league final of violence erupted in a small group of fans stop throwing stones at police who tried to push back the crowds several arrested after the confrontation. to live in a riot police fired tear gas at anti-government demonstrators in pots clashes broke out on thousands of workers protested over pay and work conditions the laborers were joined by union members united in their opposition to the president it was a very different scene in the city of culture where people gathered to show their support and solidarity with the government. the for. for the london two thousand and twelve olympic torch has been lit by the sun's rays in greece the ceremony took

place in front of the room in seoul for example birthplace of the ancient olympics dressed in robes the so-called high priestesses the beacon by placing it in a parabolic mirror the flame will now set off on a seven day journey across the country before it leaves for britain on may eighteenth. now more than two point five million homes in the united states have been repossessed by banks since the financial crisis struck the country and anger over the crippled economy is deepening as people struggle to find work pay their bills and keep hold of their houses and that's forcing increasing numbers to turn to lethal ways out with historiography as many in a culture never. dozens of police and swat teams sworn in on the small central california town not what you'd expect for what was supposed to be a routine foreclosure but at this point we believe the suspect is barricaded inside of the apartment complex we don't know anything about him we don't know what the

motive is behind this shooting all we know is that we have two people dead apparently forty five year all jim richardson a rarity oh had his motives he was losing his condominium because of her fifteen thousand dollars home and with the loan he could no longer afford to pay the condo was sold to the auction for a knock down price and ferrero was handed an eviction notice it proved to be the last straw for the former security guard who barricaded himself inside his home and refused to walk out to live without and warning the such an extreme act it hasn't been an isolated incident in this area public safety as a whole has been affected by the economy just like everybody else i have there isn't anybody in the community that hasn't been affected by this economy last year the town's foreclosure rate was the third highest in the country with one in after a nine thousand properties reposed by the banks the entire region is ravished by

unemployment and budget cuts and it's a story being repeated nation wide with a quickly bloody consequences in phoenix a man opened fire on police when he refused to leave his house in ohio an old married couple killed themselves when the faced with a vacation while in florida and then was gunned down by police after he said his recently for close tom house on fire these doubts by foreclosure killings have been going on quietly around the country average since the financial crisis threaten to pull the rock from those only surviving on credit i think people get desperate and they don't see. the light at the end of the tunnel that you know it's ok if i lose my home and i. moved somewhere that i can afford and i can rant i just think we really get a package. and are very reluctant to give it up and i think it brings on.

desperation when you. was no sign of any recovery in california's economy and stubborn unemployment it means the body count looks to only grow in the months ahead x. prayed for because the huge church and home foreclosures this year while the threat of a shadow infantry of soon to be foreclosed homes continues to hound housing markets there is a question how many more depressed people forced from their own homes and with nowhere else to go are pushed to the very edge determined to do anything it takes to stand by their property till the bitter end of course no archie reporting from california. or let's cross over to the altar of business started a tough show there you are sort of the real glum news here but what do we expect a business expos to say about charges of selling its new aircraft particularly after wednesday's a tragedy in indonesia well rory experts say that the potential clients at the very least will wait till the results of the investigation but more on that later in the

program but first europe's economic problems have been in the spotlight ever since france and greece voted against the candidates that supported tight austerity measures and let's see how the european equity markets are performing at this hour and as you see there both the footsie and the dancers shouting value this hour with the foot so you think all three quarters of a percent that's not only on all of these a concerns over europe's economic recovery but also disappointing chinese data that came out later in the day earlier in the day basically showed that chinese exports rose five percent in the month of may. well compared to the same period last year and that's well below expectations and of course some of the problems as i mentioned in europe itself namely least really worries investors after all attempts to form a coalition government have failed so far there are concerns that it might drop out

of the euro zone in the near future on wednesday the eurozone rescue fund said it will transfer four point two billion euro to greece on thursday but that's one billion euro less than planned the european financial stability facility explains his decision by saying the remaining one billion is not needed right now and it will be disbursed depending on the financial needs of greece but that's obviously adding to the uncertainty and that's all affecting the the way the euro is trading at the moment the euro is actually shedding value against the greenback and the russian currency the ruble is all sort of treating against both the dollar and the euro and now the oil oil is a little we're at this thursday afternoon after brant briefly bounced into. a couple of hours ago but again that you know all that uncertainty about the health of the european economy is really affecting the oil market and of course we know

that oil is really driving the russian equity market so let's see how that's performing right now and the russian market is mixed as you see there the r.t.s. is sharing around half a percent although russia's central bank the last of the refinancing or great unchanged on thursday about one of the big news for the market today financials are on the rise with both the t.v. and as fair a bank of. gaining value this afternoon but that t.m.p. b.p. is actually down in its first quarter net profit disappointed investors the crash of the sukhoi superjet one hundred and indonesia has really dampened russians who of because. a major player on the global aircraft market it's the most significant new plane from the country's aircraft maker for two decades the company spent a total of one billion dollars on it the jets producers seem to sell eight hundred

units by two thousand and twenty nine eight and take about fifteen percent of the global regional jet market they still hope the accident will not affect sales but analysts say potential clients will wait certainly wait for the results of an investigation today there are eight super jets in service worldwide most of them are used by russia's air flight to its ruling out at the moment of the grounding of its three. and that's the latest from the business desk rory i'll be back with an update in about fifteen minutes thanks for much about looking forward to. what will do so with us if you can see the problems threaten to swallow europe are we asking american economy economic pundit if there's a way out to be out of the headlines in just a moment. if. you .

feel. limited to just see a few to feel. superior

feel if. if. thank. you.

live from moscow does is our duty to show you here your headlines now russia's president vladimir putin informs his u.s. counterpart that he's pulling out of the g eight summit in the state of maryland next week coming just days after putin returned to the top job and instead he'll be sending a prime minister into retreat mental. rescue teams are struggling to reach the wreckage of a doomed russian airliner on a steep mountainside in indonesia it crashed on wednesday rescuers say at this point there are no survivors. and two strong explosions rocked damascus with dozens reported dead and injured the capital has recently been struck by a number of blasts mainly targeted at military installations.