breaking the silence sir julian assange speaks from his current century in the ecuadorian embassy in london saying legal proceedings against him have been deliberately delayed to allow the u. it's time to construct a prosecution case over leaked cables. fifteen of the world's top banks are left reeling after rating agency moody's slashes their credit scores. and battlefield airwaves relations between russia and syria become the target of mainstream media hype as outlets get excited over false reports of military aid and message joint war games. we go along with business leaders to find out how work you brush your compares are the same petersburg international economic forum the business is just up to twenty posts below.

twenty four hours a day seven days a week of this is our would say with this bulletins first the world's top whistleblower says he's optimistic about his political us a little bit in his first public comments since walking into the ecuadorian embassy in london with a request for century julian assange also said the u.s. was building a case against him over leaked cables he applied for refuge as he faces extradition from britain to sweden which could eventually see him transferred across the atlantic how to use that cell for it in london for us. plea escape avoid these the words you're going to hear in the media at the moment relating to his decision what he said is that this is not about avoiding the sexual assault allegations against

him in sweden far from that is that he felt really this was never about sweden it was the fear of what would happen to him once he was in sweden and the involvement of the u.s. . the very serious it. was made by discreet. british government that i would be detained without charge. because the dishes very hard before you took part. from. europe or the right. to. carry the process or you can run this point for the. procedure. or to explain it in any manner whatsoever to the court retract. while the united states. if you came. to the

u.s. is maintaining that a grand jury deciding whether there would be charges brought against him in the u.s. remember that in the u.s. as the knowledge and the legs a secret carries the death penalty still remember wiki leaks everything is just huge amounts of information that the u.s. diplomatic cables that were released in two thousand and ten worst huge embarrassment to the u.s. government so i mean there is no mistaking the fact that julian assange is a man he certainly from his actions and from what he said is very fearful of what would happen to him in the u.s. official for his license. very now every forty eight thousand one hundred thirty five if they are filed their statement. from the grand jury. the truth there are things going.

public record about how. every. report by the f.b.i. well this is julian assange just chance really to set the record straight he's just spent his third night in the could do in embassy of course this is the latest dramatic twist in the ongoing saga it's been an eighteen month legal battle for him and the end of last we saw the u.k. supreme court rejects his appeal against the extradition to sweden and the legal team in asuncion self running out of options really and so he took this step seeking asylum at the ecuadorian embassy he says he's hopeful that that's going to be accepted if he were to go to sweden not only is the pretrial detention in sweden extremely harsh he wouldn't have access that he does right now to the media all the

same freedoms remember he's been on house arrest in the case for more than five hundred days no clear indication of exactly what the outcome will be and the stakes remaining extremely high. asuncion has once again slammed the australian government for not doing enough to protect him the whistleblower says he had no consular contact except for text messages over two years for more on that a we're hoping to cross live to sydney based journalism mary costa he does submitted a letter to support for julian as to the i could or in government mary can you hear as a thank you for joining us here we are to you now journalists are just as australia has refused to get involved in his case and that's the main reason why he isn't hiding in the australian embassy why does his home country similarly not want to protect him. because the government is not just. the new us government. now surely get us out of the difficulties he's in if the government in canberra

wanted to we don't know for do so i haven't tried that's the problem to state has an obligation to its citizens to protect their human rights we live in an advanced western democracy we expect our government to act in a way that's principled and courageous and to show leadership in the protection of human rights astray he has lost all moral authority to lecture other countries on human rights i think it's a very sad day for our country how many people would you say in australia support julian assange and his weekend leaks activities polls show that the vast majority of people support julian assange and wiki leaks because they recognize that governments do their utmost to kate the information from citizens and what we've done is and have our people and strengthened democracy we don't want to lose that and i don't think we will move no matter what they do to julian the sound just

somewhere else other people will continue what julian's done now my son says the legal proceedings a the his prosecution in sweden have been deliberately delayed to give the u.s. more time to build a prosecution case against him over the deeds american cables doesn't seem realistic team. well it is quite possible you know if the us to ground says yes that's exactly what we want to do they've been outrage in this country large numbers of people would take to the streets that's not the way the us does its business i'm afraid. now with the claims in his case before the us grand jury washington has not admitted to those what do you think or what do you think could be such the development is america covering this are they really looking to get into sweden so they can him back to america what do you think is going on here. sweden has a rather different arrangement with the u.s. to the u.k.

so it will be easier to get to the u.s. from sweden but let's not ignore the facts sweden has covertly handed over people to the u.s. handed over to the cia those people were tortured and in the end. it was a case of mistaken identity so swigs track record is not good we have a lot more faith in the u.k. legal system and in due process being followed in the u.k. but a sounders place is in a strange way he mixed be back here yet the final question to you mary is the plan before us and in the event that the aquittal assailant bid fails. this bid to go into the door. is the disparate act someone who has no other options are i to thank you very much the that is

a sydney based journalist ameri corps they keep us talking to us from a sydney. now under house arrest record of a series of interviews shows that a right here on our team has spoken to high profile and controversial guessing shooting politicians activism intellectuals among the interviews was one with ecuador's president rafael correa and that's coming your way next hour. fifteen of the world's largest banks have been rocked by a credit score downgrades with rating agency moody's are delivering on what it had long promised to do those hit include goldman sachs morgan stanley bank of america bank of scotland and deutsche bank financial powerhouses domestically and internationally the move could make it harder for them to keep existing clients or attract new ones and their money it's also fear the downgrades could trigger a fresh market panic and a new exodus to gold but surely mcgrath the economy blogger and founder of the website are wide awake muses the end goal of the movie is to spread fear.

i think what we're going to see is this play out over the next couple weeks we're going to see more fear we're going to see more gloom by the mainstream business media in order to affect what the city bank and they're doing to big just a week ago came out and said that they needed they needed a shock to the market they need to get political cover not only the politicians here in the u.s. but they need to give political cover to the folks in europe as well so they can continue their process of battering in eviscerating representative government there and consolidating more power and handing it up to brussels is far is that the euro falling apart i think that that that will not happen we will see the crisis escalate we will see fear and panic and i believe personally it is engine ears fear and panic in order to implement the agenda that they've talked about for a decade now global financial governance you need to have fear in order to take away people's sovereignty so how will these big banks react to the stand all the

days of rampant risk taking that. no absolutely not carry a in fact look let's look at some facts here you know pre-crisis in the united states right the top five j.p. morgan chase bank of america citi wells fargo goldman sachs they made up under forty percent of our economy in two thousand and twelve in june as i sit here and speak to you there over fifty percent of the economy you know these banks don't have to worry about risk these guys are writing the law in my opinion they are writing the law that governs not only this country but the world. saving the euro is going to be the top of the agenda today as leaders of the eurozone for biggest economies meet in rome whether there's enough time to rescue the single currency is also the topic for debate with peter lavelle and his guests and cross talk coming your way later today in today's program. just the ways out but there's a cost significant course of attached to each way out so i think what europe is the one at this moment is they're trying to calculate these costs as best as they can

and they will choose the lower course so i personally think that in greece out or any country is going to be hurting the zone and the currency war that's i think president has been so if you reject it well you know is that you know you're you kind of now you're nowhere to be able to avoid the who's next question that's number one because people will say the markets will say at least if greece is out why is the why is portugal why is it so these weaklings will always be questions. reports of russian warships headed for syria massive joint military exercises and vladimir putin says sudden changes on hard regarding the assad regime they all stories flying in the mainstream media over the past week but which have been raising eyebrows in moscow as smith explores what's behind the speculation. syria may be on the brink of civil war but it's already the subject of

a full blown media war ships on new ships that's been the question for the past week as reports person ship was on its way to sea according to the reports the battleships were laden with oh i'm certain troops and headed for syria it later turned out they were nowhere near syria they're in their home port of sevastopol empty but in the fog of war every report however it accurate has some kind of influence. as you have so many forces. excited about the your option and that is that in general it was just there and they were. going to get there through this information as usual will like they did before the iraq war and before . intervening in afghanistan in the late seventy's also there was a delay us on this information there was one ship it was turned back off the coast

of scotland after it was found to be carrying helicopter parts bound to syria q a sessions that russia was supplying combat helicopters to president assad we are concerned about the latest information we have that there are attack helicopters on the way from russia to syria which will escalate the conflict quite dramatically it's an allegation that russia's foreign minister sergei lavrov says is part of a propaganda campaign pushing for which is being discussed but these days that indeed was scary for the defense systems and it was carrying the three helicopters which have been the repair in russia under the control signed into cells of a dose of soviet helicopters seventy five feet in syria from seoul gives them the fuel cells and say there was a construct a repeat of the past two to be assembled when they are delivered the fifth of assembled of the entire process will fit with less than three months or so to speak

about something which we just sold to syria and which is being used. to be an action is not true but it wasn't only ships apparently war games were planned to a rainy a news agency fawaz reported that iran russia china and syria are planning to conduct joint military exercises in syria next month analysts think the story was planted by syria or iran as a show of strength but the u.s. outlets took it up because it suited them. the u.s. and you say just use love the story because. you know the. regime and its supporters in iran or russia or china or. the ones who are. the conflict instead of seeking the peaceful solution so. the story you know. and use agents use then there's the war of words british

prime minister david cameron came out of a meeting with president putin at the recent g twenty summit saying putin no longer wanted president back in power in syria russia's foreign ministry later denied that was putin's position but was it a case of lost in translation wishful thinking on the prime minister's parts or another attempt to exert pressure on russia the last fifteen months is being made. in syria that the crisis to syrian crisis is seventy percent of media so two percent on the ground so there is a quite a lot of stories every day. like for some observations by just some of those using you tube. there is no confirmed reports anymore it's said the first casualty of war is the truth and all this international rumor mongering and

jockeying for position comes at the expense of the syrian people the situation doesn't change regardless of which country won the latest battle of words lower smith. reports suggesting the u.s. in israel i behind a computer virus that appears to have been launched to try to spy on iran's nuclear activities that's despite a washington's loud condemnation of tags at least there is directed against the u.s. as artie's guy and then she can explain. guides that american officials may sound defensive when they talk about cyber attacks as being a major threat to the country's security a weapon of mass disruption you could have a cyber attack that would be as consequential in terms of the economy maybe even in terms of of the loss of life ashton's we typically associate with more from the next pearl harbor that we confront could very well be

a cyber attack that cripples our our power system certainly our grid acts of terror could come not only from a few extremists in suicide vests but from a few keystrokes on the computer but it turns out the u.s. government itself carries out cyber attacks against other nations the washington post cites officials speaking on condition of anonymity who say entrap aeration full cyber sabotage against iran the u.s. and israel developed the flame virus flame is the most complex computer spying program ever discovered it has the capacity to steal or else or elec trani documents by now nobody doubts the program was development by a government entity something like this appears to be what they would call state sponsored it sounds like the n.s.a. it is even but i mean they're necessary to see has it does this kind of thing we know they've done this kind of things you're getting intelligence without having to put someone actually there it's cyber espionage while the flame war was collecting

intelligence the stuxnet virus borrowed into iran's nuclear program and created havoc in its uranium enrichment centrifuges the obama administration did not deny the leaks in the new york times that had teamed up with israel to create stuxnet some fear that the move almost invites retaliation when you attack or for instance iraq's nuclear program you provide the iranians with their weapons your word which they can read reverse engineer take apart figure out how it works turn it around. and send it your way a leading moscow based security firm which uncovered the flame virus says part of its code is nearly identical to the code finding stuxnet and suggested that the viruses were developed by two teams working in collaboration leaks in the current support that assessment one official also on condition of anonymity said is just the beginning and the u.s. is preparing the battlefield for another type of covered action we're setting

precedent for other nations and that's where the real problem lies because we've been criticizing china for allegedly attacking united states companies and u.s. governments while the same time engaging in this in the same conduct with other countries feel bomb administration has openly confirmed hacking websites but only if alleged al qaeda sympathizers in yemen the u.s. secretary of state described this cyber effort as part of a larger attack on terrorism but many fear the u.s. cyber efforts go well beyond that. as u.s. defense authorities go offensive in cyber warfare the pentagon's cyber command has fast tracked the development of weapons that ministration just announced a one hundred ten million dollar program to solicit proposals from universities and video game manufacturers so much hype about cyber war is that some people that seem to be in the authority about war start talking about technology as if they're saying that they're always talking about war because that's their business and so

they're trying to route technology into that and so when we have no control over technology we have these people that wish to use it for further and for war specifically that's a recipe for some pretty scary stuff cyberspace as a whole is now seen by the u.s. military as a vast area of opportunity you can't really tell the government don't do to others what you don't want them to tell you but in light of the recent revelations about the u.s. being engaged in cyber attacks one might ask what the message that the center was what the government being with the dems library. had heard and all but it it sounds like one hell of a hacker i'm going to check out reporting from washington are. now a look at some other stories making headlines around the world twenty people have been killed after a taliban attack on the lakeside hotel north of kabul civilians among the threat of a tell it to the with all the militants said to be did around forty hostages were freed by afghan security forces just

a day ago president coming because i want that attacks were increasing in the run up to nato troops leaving in two years' time commenting often assault on an afghan checkpoint on wednesday which killed twenty one. bombs have exploded in a crowded market in northern baghdad killing at least fourteen people over one hundred were wounded in the blast in the mostly shiite muslim neighborhood the latest attack comes just hours after gunmen opened fire on a police checkpoint in the west of the city killing three officers over one hundred people have died in a wave of violence in iraq in the pos fortnight was shi'ites and government security forces the main targets. and you're now watching live pictures are from tahrir square in cairo with thousands of people have gathered for friday prayers islamist groups are calling everyone to stay after the service and protest against the actions of the current military rulers they believe the government is exceeding its powers and is trying to delay the results of the

presidential runoff. it's. time now for the business news in the annual meeting of economic heavy hitters are the same petersburg forum is in full swing in russia's or north korean capital. this is our g. and danielle the shell is there for us with exclusively in-depth coverage of the high profile gathering hi danielle good to see their economic forum is a dominating financial headlines here in russia what's on the agenda today. well how real is the message from the leaders here they want the russian business revolution speeded up just big speeches and promises don't cut it anymore is what they're telling us president putin did make all the right noises in a speech about selling russia's crown jewels like the biggest of roles there but tycoons here point to the fight that's been postponed over the years so many times they've lost count the main reason so the government puts for putting itself is the

continuing illness the sickness of the global economy to discuss this i'm delighted to be joined by the chief economist of the development bank of sylvan africa thomas scott thomas thanks for joining us the downgrade of the world's biggest banks just now how worried are you by that. i think by my view on that is that it is basically a recognition of a very factors situation. and this report of an adjustment process in the international financial system. in the sense of meat and media the impact they obviously some consequences are on the cost of raising funding and that ultimately does feed through to. the end user the fina but i do think that it's a necessary part of not just one that the international financial system has to go through. in that same. systemically five i think it's

a recognition of reality and. hopefully would lead to corrective actions and adjustments in institutions over time it's been linked to the economic crises both in the states and did europe how vulnerable though is the rest of the world to the euro dollar debt crisis you will paste in south africa we're in russia countries that are out. those places but suffering as a result. i think if you think of contagion and link if. you're looking at a couple of channels pride is obviously one finance is obviously another. obviously on the developing country world any links through trade to kill me or find a moderately priced five countries that the experience of experiencing difficulties like in europe and the us. is a negative factor but one would hope over the over time as adjustments take place in the global economy there are so. many number of years time would look at

a situation significantly improve. the big question is how will ordinary people be afflicted if the world enters a big global recession. obviously your forms looking at a synchronous station across a number of parts of the world one that does have an impact on. a number of countries to that transformation family but there are less. and some countries most vulnerable another. bit of this to be the similar impact on different countries but there is certainly a significant element of linkage in the small localized form to stuart the d.b.s. i think you very much indeed katie's almost go this just the numbers for us creative hi there don you i showed a we're going to get started with the europe a market is if i may because the mood has very much been set by moody's those downgrades we had earlier on fifteen major global banks as you can see the footsie

around nine tens of sent down the dots eight tenths of the sense is the financials that are really suffering today because all we asked the ija buying carette it's with posting our losses also german investor confidence at a two year low now as well see how the common currency is responding it's still loitering around the six month low as you can see just that is. it is really struggling to get out one twenty five forty two the ruble as well managing to decline against the u.s. dollar as well as the euro right now moving on with see how the russian markets are responding we've got a sea of red across the board firmly entrenched in negative territory following on from the losses we had in asia and also mirroring the european ones as well the r.t.s. around to ten's of you said down the my sex around eight tenth's in the cent in negative territory these are the prices while managing to regain some strength after it drops below ninety dollars a barrel the branches are gaining just ever such a fraction that after it was seen as an excessive drop by the market today that's

what the allison tell i made all right terry that's the business for now always a mixture of good and bad in the markets thanks k.t. i'll be back with the headlines in a few moments. good

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