hollow victory is the most candid it tops egypt's presidential poll when contested by his rival and undermined by the military to get self legislative powers. forming a pro bailout government in struggling greece and stemming violence in war torn syria. the leaders of the group of twenty gather here in los cabos mexico with some big problems on their plate more details just ahead. and with an oil embargo against iran the plan for july moscow hosts global players to result controversy surrounding to iran's nuclear program. plus not even declining the oil prices could stop the positive sides not

on the vasa markets get all the details of the business update in about twenty minutes. live from the heart of moscow this is r t with me rule received show you welcome to the program egyptians have had their say in the country's first post mubarak presidential election but there's still no sense of closure on the islamist candidate mohamed morsi says that he's won a claim rejected by his rival former regime official shafiq for the final results are expected on thursday but the ruling military has already undermined the vote by issuing a decree that gives its sweeping legislative powers in cairo was artie's policy. people are beginning to gather in tough to square verse just as the muslim

brotherhood candidate dr mohamed morsi makes the announcement that he has won these elections and that he is egypt's next president the muslim brotherhood claims that ninety nine percent of votes have been counted and according to their own people who were present at all of the polling stations throughout the country the candidate came in with some thirteen point two million votes this is the equivalent of some fifty one point eight percent and they put the content that after which i think at forty eight percent now is challenging this he says that this is a deceit of the egyptian people and interestingly enough there is an independent television station here in egypt running reports that it is sufi coup is in the lead and they quote independent election observers but it is worth noting that last month during those presidential elections being with some brotherhood gave its own results before the official results were announced and those results were completely accurate if morsi comes forward this does paint the scenario for

a showdown between the military and the muslim brotherhood because of course sick is the military candidate now the army went so far as to issue an interim constitution it has made itself effectively egypt's nor make has and it says that it will be responsible for appointing those people who were draft a final constitution these are important elections that there are a lot of questions that still remain unanswered questions such as what power will this new president have this needs to be debated in outlined in this new constitution and of course the overriding question whether or not the military will hand over powers of promises of will on the first of july and indeed even if it does will it continue to control the strings from afar and if yes to what extent of his policy reporting right meantime our cairo based journalist sara muhammad ali says regardless of the winner demonstrations are sure so far. we've got a great divide between the feet supporters of the muslim brotherhood of course dr

morsi supporters in both cases in our use there will be protests no one is going to be pleased with the results because the extreme in my opinion is mr schiff he wins the elections there will be massive protests and demonstrations and i think a lot of the people whether or not you are muslim brotherhood supporters or revolutionaries or reformers will actually retreat to the streets of the here and actually shout weyerhaeuser revolution gone because you cannot have a remnant of the expert lead into this new wave of transition but in the case that the muslim brotherhood candidate dr morsi wins there will be a lot of depressed revolutionaries and anti muslim brotherhood supporters will feel that egypt now is now in you know embarking on and on a different level of knowledge which will actually take place if dr morsi

wins. still ahead for you this hour here on out of decision time for the u.n. trying to lead efforts to end the syrian crisis a separate war of unconfirmed reports and wild allegations heats up. also find out how america's so-called war on terror is angering the people of pakistan you can find all of this out in julian assange has exclusive program that will be this tuesday here on. now the eurozone is hoping for a quick resolution in athens as a pro austerity party holds coalition talks after winning the most votes in sunday's election greece's economic troubles and their effect on global finance certainly taking precedence for the g twenty leaders gathering now in mexico the escalating violence in syria that's also when the main focus gun if you can is in mexico for us live good to see you guys need to tell us what are the biggest financial concerns do you think being discussed at today's meeting.

bovary i guess the main mission of the g. twenty is a group would be to calm down the markets because they're going crazy over what's going on in europe right now and sunday sunday elections in greece showed an album which sort of eases fears around the world at least temporarily of its falling out of the eurozone greece's conservative pro all sara tea party won the elections because the majority of greeks want to stay in the euro zone but they still have to form a pro bailout coalition it's a very painful process with the greeks the coalition of the conditions of the bailout but the fears that the country would fall out of the euro zone make made investors very nervous about other financially shaky economies in the zone italy spain portugal their borrowing costs are going up and the fear is that they will be constantly seeking international bailouts and europe would be trapped in a vicious circle what became very clear after the financial crisis of two thousand

and eight is that the world has become so interconnected that a crisis in one country can trigger a domino effect and send shock waves throughout the world what's good about the g twenty summit is that that you have all the major players in one place you have advanced economies and powerful emerging markets china brazil russia india and they tackle not only make issues although the g twenty got together for the first time to rescue the world from the credit crisis in two thousand and eight and by the way the brics group that is brazil russia india china and south africa has a separate meeting later on today they are pushing for a multilateral world for updating old institutions like the i.m.f. and world bank which are heavily dominated by the u.s. and europe but it's the emerging markets now which are the engine of the global economy so the brics also tend to have a similar stance on global security issues like syria where they're against foreign

interference or iran where they believe negotiations where. then sanctions can seal a deal on its nuclear program the russian president by the way. you know he skipped the g. eight summit earlier in may he sent the prime minister his article came out today about the challenges of the global economy and it was clear from the article that he sees the g. twenty as a more inclusive platform for talks maybe not as a little used as some of the other you know smaller gatherings going as you were saying president putin did not go to the g. eight as you were saying the g. twenty was more important but in about a. president putin will be meeting his american counterpart for the first time since returning to power and what you think is going to be the main focus. well absolutely we're also looking forward to the first bilateral meeting between president putin and obama since the russian leader took office in may is going to be crucial issues syria will have a special place in those talks moscow and washington accuse each other of stoking

violence there the u.s. says russia provides weapons that assad uses to kill civilians moscow rejects the claim and says it only supplied air defense systems under existing contracts russia says the u.s. contributes to the violence in syria by coordinating arms supplies to the rebels we know that saudi arabia and carter are actively supplying weapons to syrian armed opposition groups washington chordates their efforts moscow believes those actions . that those are actions that are on the michael vienna six point peace plan which calls for a end of violence on all sides and dialogue but both russia and the us agree on colby and his peace plan which which is designed to enable the syrians to choose their own future eventually but they see very differently on how to reach that goal discussions on syria or expected to be very tense much of that is going to be behind closed doors there are going to be other strictly bilateral issues discussed and i'll keep you updated as the meeting goes forward or it's. there the g twenty

in los cabos mexico things. now greece's victorious new democracy party is planning to renegotiate the current austerity package with the e.u. which second to place once just scrapped altogether political risk consultant john holzman says whatever greece ends up doing the calm before the next storm will not last long it's been an alice in wonderland election on the one side you have surprised with the far left parties saying we can ignore all the bailout terms and they'll still love us and give us money which is a fantasy it sounds like the mock turtle or the mad hatter and on the other side you have president designate probably some are saying once i win because the europeans like me i can renegotiate the bailout terms and there won't be any problems that also will be proven i think to be a fantasy and so although this buys us a respite the reality is that this mad hatter's tea party doesn't change anything in the long run greece is going to have to live up to these terms they may get a little bit more time to do so but the terms themselves as the foreign minister of

germany made very clear yesterday aren't going to change so i think the greek people are in for a tremendous disappointment the danger on one side and it's a game of chicken the greeks think if we go out it could lead to contagion with much bigger economies and ruin the entire euro zone so they're not going to be mean to us and the germans say the greeks need us more than we need them because without a constant infusion of money we simply can't meet salaries and greece goes back into the middle ages sadly i think both have a point but the point is managing this difference along the way becomes very very difficult but really the drama begins now because when some are as doesn't get the terms you want to remember this new government is going to have only about forty eight forty nine percent of greek support behind it what's going to happen then with surprise and leading demonstrations in the streets growing ever more popular and then they can say you see we were right nothing's changed. he watching are to you know it turning our attention to that of syria where two russian navy ships are landing there they are ready to head to the port of the syrian port excuse me of tatas going to protect its naval base on citizens that if needed an unnamed navy

official quoted by a moscow news agency said the vessels will carry a group of marines to syria the russian navy refused to confirm the reports to us here at r.t. the country's defense ministry had no immediate comment last week pentagon officials said it's already trucked a russian ship allegedly carrying weapons and troops to the conflict torn country claims denied by moscow the u.s. had backed away from hillary clinton's remarks that russia was already supplying assad with attack helicopters but as marina portnoy reports these accusations are doing nothing to help the conflict ongoing in syria. as the syrian crisis becomes ever more brutal by the day there oh yes critics say that key players trying to resolve the conflict have been raising more questions than answers unfortunately what we are seeing is reports that aren't are really relying on the participants in one side of this conflict and that's very very dangerous because of

course when you hear only one side of information your conclusion is always in their favor there were the massacres committed and close range of over one hundred people the vast majority of them women and children some killed by heavy weapons the other killed it seems my every indication by the should be a militia is acting on behalf of the government western leaders were quick to blame the assad government for last month's houla massacre even when their own media couldn't draw the same conclusion b.b.c. world news editor john williams was in syria he reported quote the details of exactly who carried out the attacks how and why were still unclear yet the old line . of blame damascus was still being shouted the reason that the situation on the crisis has become so good and that there is now a space for these good elements to come in and cause mayhem in syria is because the

syrian government has failed to live up to its commitments under the un am plan its commitments to the international community as britain scolded the assad government for bypassing the peace plan the free syrian army was planning a bypass of its own demanding that joint special envoy kofi annan should quote issue a declaration announcing the failure of this plan unquote freeing the opposition to carry out military operation against the government i'm sure you know down we did it deliberately meanwhile channel four journalist alex thompson claimed syrian rebels deliberately let him into a death trap to be killed by government forces according to thompson's account one rebel said. bradstock to market then comes the washington divide over who is aiding damascus one voice says we have confronted the russians about stopping their continued arms shipments to to syria and we are concerned about the latest information we have that there are attack helicopters on the way from russia to

syria while another says the opposite i have not seen reporting that indicates. that the russians are providing attack helicopters to the syrians i have just not seen that the us flip flop on brusha coincided with the un's fancy footwork regarding the state of syria the united nations for the first time saw a u.n. official describe the situation in syria as a civil war in an interview with reuters he went under secretary general for peacekeeping operations are they let's sue confirmed that the syrian crisis could be characterized as a civil war declaration countered by the un the next day i think it's clear that it's not for us to determine or formally. characterize the nature of the conflict in syria a conflict that many say isn't just black and white but illustrates many shades of grey following sixteen months of conflict the united nations is leading efforts to

stop the violence in syria however the information war taking place outside the country may prove to be the biggest barrier to be elusive. fully understanding and solving the problem marine upward on r.t. me or. with talk continuing of military intervention in syria another country where it did take place is still struggling to pick up the pieces later here on out see we asked the former u.s. senator chris dodd whether he sees libya following a similar fate to that of iraq. running the place today i mean in a sense that's the the dangers in all of these things you know the devil you know the devil you don't know kind of situation so clearly it was so repressive what was occurring there and libya may have to go through a period here where you don't go if an immediate transition from ousting a brutal dictator to a jeffersonian democrat that shows up there are periods here of transition which

libya is going through that are breuer painful to watch but i think russia could play a role i know they didn't want to necessarily be involved in supplying military hardware and gauging in the conflict as it was developing but i don't think that a lot of now cause you to not find a way to become involved in a constructive way to help that country get on its feet and find its center and get an opportunity to grow and to provide some decent opportunities for people in that country so the fact that you rejected the idea of being involved in the ouster khadafi ought not to pollute it seems to me now turning around and say we didn't do that this is the outcome how can we be constructive and help now get this country back on its feet and stabilize it. and you can see the full interview with the former u.s. senator chris dodd in about an hour. a quarter from now right here on artsy. the first day of talks to try and break the long running stalemate over iran's nuclear

program have just wrapped up here in moscow more negotiations between tehran and the six world powers are planned for choose day as europe and the u.s. prepared to slap their toughest sanctions to date on the islamic republic with more of this is artie's lucy calf. we've heard from the iranians today as a regeneration of their position that they want an acknowledgment of their right to enrich uranium first the billion nuclear purposes and president mahmoud ahmadinejad seemed to indicate on his website that iran would be willing to hold high level uranium enrichment if the world's powers agreed to meet its need for the fuel that he remains are also hoping that the west will scale back its sanctions which are of course significantly hurting our oil exports and the iranian economy but the message from the real european union today with a plan to end our ago against iranian oil will continue unless until leaks is of course in addition to american banking sanctions the west meanwhile is holding tight to its position that it came to in the last months meeting in baghdad where

they're demanding the arrhenius halt or rhenium enrichment above twenty or at twenty percent which is close to weapons grade which again iran insists is for civilian purposes only and also ship some of that stockpile out of the country and exchange the west would give iran some supplies for its reach research reactor as well as spare parts for its airliner commercial fleet a deal that the iranians today have not said a is fair has said it's unbalanced in the words of one former iranian negotiators diamonds for peanuts so a difficult situation thus far some countries are indicating this is the last chance for diplomacy before the talk turns to war though we've heard israel threaten again to attack iran should these talks fail the israeli president today in fact said that iran is running out of time and if things continue on its current course war would be the option and we have to keep in mind here that the u.s. president is running a tough reelection campaign and is under some serious pressure from the u.s.

congress to consider the military option should there not be a breakthrough in these talks off the cuff in a foreign war that will move for so was one of many more stories and in-depth analysis so standing by for you on our website on top called let's have a quick look now to watch this for example of western government. creasing. censorship is they also google to remove political content from its services. also the chinese get closer to creating a national manned space station after three astronauts successfully talk with beijing's very own orbiting mars.

the official. from the. video. and. now in the palm of your. on the dot com it is a good to have you with us here on r t today you know just a moment marina with the business for now though straight to israel to kick off the artsy world update it has launched an airstrike in northern gaza killing two men on a motorcycle the jewish state says the attack was in response to recent sniper fire and targeted suspected palestinian militants of the strike came shortly after separate clashes on the israel egypt border that left one civilian and two militants dead a gunman opened fire on

a vehicles used by defense contractor crews that are building a border fence. a bomb has torn through a bus carrying students in southwestern pakistan killing five and injuring over fifty police say the explosive was planted no vehicle. in a suburb of the city of quetta at this point no group has yet claimed responsibility though the area is known for sectarian violence and an active militancy. but. french socialist reforms after their big poll win in the country's parliamentary elections the results of president francois hollande the power to fulfill his policy promise of economic growth instead of belt tightening the pledge to raise taxes for large corporations instead of cutting budgets in order to tackle europe's financial crisis it is the first time the socialists have taken control of the parliament in ten years. and i don't miss the latest edition of julian assange show on r.t.

this tuesday at the world's top whistleblower this time talks to him are on can a pakistani anti corruption activist and politician known by some as a one man party explains to us why he thinks that america's war on terror has devastated his country only everyone knows we're going to election that this election is that this is going to be a disaster for the people of was that it's only for the bushes vision to have one who. was sure it was struggling so you would like to go there would love the government so they could pursue this war on terror we're not one of them was going on. and. so whatever it was actually went through the roof the war on terror was has been devastated by this loan or because the fourteen thousand workers that is the big. business you know normally killing all people and then

doing so so the notes on logs those dividends how would you reconfigure the. relationship with the united states. we're going to be a complete severance what would you do drone strikes what kind of intelligence cooperation what would you do in practice. but it should should be based with do you still suspect. so it should be. it should be. most relationships and the post is a. big. deal of it is it is it's good it's with that is. it's not. just the more this is very good. and you can watch the latest from here on r.t. that will be tuesday at eleven thirty. five the business update for this hour

there's more in it good to see you again i know you've been keeping a close watch on the numbers or anything interesting to tell us well henri the russian markets finished the trade in session today so we'll start with that the optimism definitely remade here on the markets as you were about see by the figures the arts yes and that were three quarters of a percent whereas the my sex one percent exactly in the black and basically that's all and in response to the pro bailout parties that won the parliamentary election in greece if you take a look at the mary germany versus on the my six who see that most of the blue chips and the higher paid to be russia's second largest lender and that almost two percent in the black after the vase the carmaker here also add that and that's the news that it will start it's pretty serial production of the new nissan and also polymaths which was bucking the trend all day long managed to and i'm positive territory and that's despite an ounce and that i will slice and it's in the capital investment by half this year to two hundred fifty million dollars doesn't sound too

bad though i have to say that number five moving on to oil this always has prices always have a major effect on the russian economy and that's been heading to their fifteen month low but as i said the managed to have an effect on the markets as we saw earlier light sweet trading at around eighty three dollars per barrel or i'm moving on to other international markets of the u.s. which started trading about an hour or so ago we see that. it's a mixed picture the dow is losing slightly and as i gain by about the same and basically what we have is investors they're no concerned with the greens so much anymore by now if the focus is on spain and their eyes and boy on deals there not only is the government that there will also have a value to loan. and that's why you see a mixed picture let's move on see europe where there it's pretty much a similar situation although the dykes has managed to reverse earlier losses were see modest gains for both and as i said the messes that were initially really

excited about the results from the greek parliamentary elections but now reality has set in and then realize that the so-called gregg's that is not out of the question and also the fact that uncertainty still remains there waiting to hear about action the from policymakers and earlier we spoke to peter weston from asshole investment capital and yeah and his vision about the current situation in the euro zone. if the middle or the money. of the government very quickly that would add some more relief to the market however the overall situation in europe seems to be far from from from over we have a spanish bond yields today rising above seven percent for the first time the tally in bond yields went above ten above six percent again so overall the situation on the on the situation in europe are still very much alive and investors concerned. but a quick look at the currencies they yours now reversed an earlier gains dropping from its highest point versus the dollar in almost a month and the ruble closing pictures again against both major currencies and this

is the update for this hour for now it's back to you rory and i'll have some more figures next hour many thanks indeed see you next time. in just a moment the headlines then it's time for peter lavelle crossed. culture is the same i understand my family and i have always been a muslim woman be able to look five years in the market what is the state of the american empire is it suffering from military overreach and katie continue to

afford such a massive global military presence. in the world with. science technology innovation all the news developments from around russia we've gone to the future or covered. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we thought. we wanted to present. something else.