another big withdrawal at britain's barclays bank as the embattled chief executive follows the chairman out the door over interest rate rigging. millions of payment and businesses could have been a bit challenged just the buggies to keep his balance sheet and this latest is looking healthy. denies clinging to the presidency and says he'd go if it brought peace to syria fighting raging nationwide despite more global efforts to end it. russian foreign minister warns the syrian opposition not to destroy the results of the geneva conference saying it's a prime chance to solve the sixteen month conflict in the country and what it tells

on that just ahead. and iran launches long range missiles during military exercises while parliament in tehran threatened to close a vital shipping lane to countries supporting oil embargo. live from our studios in central moscow you're watching r t with me and he said now it's four pm here in the russian capital now just one of britain's bankers thought the worst public realistic ation was behind them the c.e.o. of one of the world's largest banks has been forced out bob diamond from barclays has bowed to all around pressure after his bank was caught fixing a key interest rate which overcharged customers when the financial crisis struck here's our london correspondent sara firth. well of course this story absolutely

dominating the headlines here today after we saw the resignation from barclays chief executive bob diamond he's come under a huge amount of pressure over buckley rigging the key interest rates known as libel and this was used to set the course the millions of businesses of consumers of investors to morrow we're going to see a little different haitian between him and m.p.'s as he faces questioning but of course this story so much bigger than just bob diamond in fact is thought as many as twelve to fifteen other institutions could be involved in this so already questions over whether we're going to see more top level resignations affair really that there is much more to come from this and it's given us all a glimpse again you know that this isn't just a few bad apples but that really the rotten call of britain's banking system simply hasn't been dealt with after the last financial crisis so once again this scandal

has really called into question the culture and practices of the entire banking sector and it's not just barclays but of course the entire city's reputation really in tatters what the general public want to know this time is look what on earth is going to be done about it and you know talks of an inquiry at this time aren't really going to cut it they drag on they take a very long time though we do know that the serious fraud office the s.f.o. is looking at the moment to see if any criminal sanctions can be taken against those that are involved but you know really a sense here that we're seeing history repeating itself and it's also raising very big questions over the regulation of this you know why once again have we not seen the regulators stepping in and that's going to be another thing that we sort of going to see evolving certainly in the coming weeks but months and years as well that really a lot of the people we've been speaking to his that this is something that really needs to change the regulation needs to be much more. interventionists you know

this culture of weak corporate governance in the banking sector and loose morals isn't unique to barclays this is very very widespread and so what the what the public want to see here is a crackdown on the wrongdoing and that the people who have been involved in the lying and the manipulation going to receive a punishment that fits the crime. britain's banks maybe dressing up their gas but in germany they've got better ways for rainy days saving savvy germans on a luxury shopping spree to safeguard their cash against the troubled euro we report shortly. syria's president says he's prepared to leave his post if that's the will of his people and that brings peace to syria and intense international efforts are underway to stop the bloodshed provoked by clashes between government troops and the opposition more now from archies roof an ocean in damascus she joins us live maria these are the first official comments from the

syrian leadership following the geneva peace proposal is this a step towards reconciliation here. yes a nice indeed we're hearing comments from president bashar al assad the first official reaction from damascus on saturday's meeting in geneva president bashar assad has said that syria is now ready and will welcome any solution to the ongoing crisis here in the country if only. it guarantees the country's sovereignty commenting on the geneva peace initiative to create an interim government uniting the opposition and current regime the syrian leader has also started his satisfied that the document signed by among others five permanent members of the of the u.n. security council is stressing that it's up to the syrian people to decide the country's future president bashar assad has also sad that he is ready to leave for his presidency even on me it how and violence here in the country and if people

syrian people vote for that the fate of this syrian leader has been bone of contention for the participants of the geneva meeting even before then we take some nations led by us have been insisting that assad should go now while others mostly of russia have been saying that it's only up to syrian people and it can only be decided by syrian people whether assad leaves or states. three days after the geneva meeting in while the skepticism is growing that the peace initiative forged by world powers and this week will only remain a solution of paper we're only hearing from the russian foreign minister this plan is a very good chance of prime chance to solve the crisis the sixteen month loans crisis here in syria but has warned from mr interpretation of this document and has warned of the syrian opposition not to destroy the results of this conference here.

broadcaster say and that. fortunately. years of the syrian opposition started saying that the geneva proposals are only acceptable whereas some western participants of the geneva talks have come up with distorted interpretation in their statements we believe that the geneva communiqué should not be open to manipulation which should be implemented as agreed. the skepticism over at the peace initiative for the when the geneva meeting appear to. actually almost immediately after this nixon was over and shortly after that the all syrian opposition has claimed that they will not accept any interim government if assad or his closest allies will also take part in that and since it takes two to tango of course it is becoming clear how all the dollars is possible even at least one of the size doesn't want to talk back to you syria's opposition groups

are spending a second day in cairo to discuss a halt to the fighting are you hearing of any kind of sign though finally get any joint thinking on a final solution. just isn't it today is the second day of the syrian opposition mission in cairo and the main idea of this meeting was to uni fi to hammer out a common vision on this syrian conflict in order to gain some respect some trust from the syrian people the syrian opposition has indeed been criticized harshly recently for being too fragmented to be trusted and the opposition itself has confirmed that it has to has to be a more united and has to have a common vision on how to end the crisis in syria but it seems now that it's not going to happen at least now because some of the opposition members boycotted this meeting in cairo calling this

a conspiracy the free syrian army members and some so-called independent activist based here in syria have even find a document and they've been accusing the participants of this meeting of ignoring the question of buffer zones protected by the international community unquote in humanitarian corridors and air embargoed and the arming of a rebel fighter as it all sounds like she need never happened and like u.n. security council mind and on monday never happened it sounds really like the opposition is divided and while the reason one part ready to talk ready to discuss this interim government initiative there is another part that only wants to continue fighting and doesn't want any dialogue with anybody and also surprising to hear that just day after the u.n. has confirmed that both sides of the syrian conflict a recall the responsible for the violence here in the country and what is supplied

to both the regime and the rebels have been escalating the conflict back to you just. briefly if you can turkey has been beefing up its military on its border with syria we've been hearing a lot of the reports of heavy shelling there is a regional military conflict brewing there were people saying. but the most important thing is what president bashar assad it say in another interview he had just recently to the turkish newspaper he has sad that he wishes that. the turkish plane by serious never happened and that sounds like apology and of course the relations between the two neighbors have deteriorated after this incident ten days ago but these words and even the fact that president bashar assad has recently has recently given a two interviews to two separate took his newspaper is gives us

a clear indication indication that the syrian leader doesn't want to go to go deep into a. more serious conflict and it sounds likely consultations with the neighbor all right marine from ocean a live in damascus thanks for that. and still to come this hour corruption. in malaysia the final edition of julian assange just an interview show airing today on our t.v. and malaysia's opposition leader talks to the world famous whistleblower about the violent struggle there fair elections. iran's conducted military exercises launching several long range missiles which would be capable of reaching american bases in the region and israel in other moves tehran also is attempting to defy western sanctions pressure with parliament considering blocking a vital oil shipping route more on these developments from our mideast correspondent

paula joins us live paulo we're seeing increasing ground all round over iran's nuclear program but it looks like tehran isn't really in the mood to concede any time soon. well it certainly does seem that way although we're hearing from the radio foreign minister that iran wants a win win situation he says that the only other alternative is confrontation which is not in anyone's interest not all this comes as the israeli need as the rainy implement drafted a bill that course for the station of the shipment of crude oil through the strait of hormuz to countries that support sanctions against iran and now this follows be called back by the european union they have called for an embargo on iranian oil that was passed back in january it went into effect this past sunday now also today tuesday the radio government announced that it had to tested

a number of missiles including long range missiles that potentially could hit u.s. warships in the persian gulf. why are always negotiations failing to produce any kind of breakthrough. while the such a situation on the ground is certainly intensifying the united states has said for minesweepers to the persian gulf to boost its fleet there and that comes amid renewed through its value run that it is closing a wall potentially could potentially close the strait of hormuz there have been three rounds of negotiations between iran and the six world powers and so far things have yielded no breakthrough there is another meeting happening today tuesday in istanbul it's a low level meeting that is looking at seeing whether or not there's any kind of common ground between the sides that could they need to fully fledged negotiations but the expectation of today's meeting is rather dismal iran accuses the

international powers of dragging their feet and says that it's not in their interest to reach any kind of compromise or any kind of solution at the same time iran is insisting that its nuclear program is fake. the spokeswoman pepper says but we're hearing continuously from powers such as the united states countries like israel and other countries that they suspect that iran's nuclear program is mean they have a foreboding need to know who are fair and are choosing policy player thanks for that. political commentator psoriasis up a poor all right says the e.u. oil embargo is just one of the ways western countries aim to bring about regime change in iran. iran looking back at its history knows that it has no choice it either goes down or it has to defend itself and i think it will if it's ready to defend itself it has the means and the capability of the politics of all

embargoes have been used to devastate the economy and for foreign powers to basically take over the country the pursuit of civilian nuclear program it's simply a means to an end what washington has in mind is to remove the regime iraq has tried it with washington with the p five n one swine it has even said that he would give up its medical isotopes its twenty percent enriched uranium if iran can be supplied with isotopes for its medical research but the war powers have not wanted to mischa conclusion reached an agreement so iran is even more convinced that this is just. an excuse for regime change. a look now at some world news in brief through this hour there have been a series of deadly blasts in iraq mainly targeting shia muslims a truck blast claimed at least twenty five lives when it exploded at

a market in karbala which is hosting a major pilgrimage this weekend hours earlier five others died in a similar market attack in a twin car explosion in. that's a hundred and thirty kilometers from karbala there has been a spike of attacks across the country since u.s. troops withdrew withdraw drew i should say in december. a new york court has ordered twitter to hand over occupy wall street messages this case centers around malcolm harris who was charged during last year's protests and the leader of his post about the demonstrations twitter insists that tweets belong to the users not the company but the judge isn't convinced saying there's no more privacy for tweets that if someone shouted out of a window. britain's confirmed they'll be surface to air missiles deployed on apartment blocks and active warships in the tames in case the

london olympics come under attack residents were furious to discover their homes are being used as one of the last lines of defense and a potential target six sites have been chosen to ward off any air threat to the games which start later this month. over julian assange has been anything but a quiet fortnight for the whistleblower having british police waiting outside the door the us paying for blood and sweden intent on extradition for questioning on alleged sex crimes he spent that time seeking asylum inside ecuador's embassy in london. both launches legal team are convinced the sweetest extradition is a cover for america to seize him for blowing the lid on military crime from iraq and afghanistan but in recent weeks his attention has been on the plight of freedom for others with his talk show that's been airing here in archie in the final edition next hour of malaysia's opposition leader talks of the violent struggle for

free elections in his country. the dude underestimates the wisdom of the people you had in. the government a source of every night in the national media abusing me and still increase my majority but was is to use this is a political ploy plump up judges use the police and finally when the judicially although finally. but never said. it was independent. all right through the end did did and now that was the. most disgusting you when you use this facade democracy democratic elections due to show the independence and you abuse the process. and the full show like i said the final episode is here on r t for you next hour and as for julian assange just plight if america does ever get the prosecution of gunning for it could spell

danger for a fundamental part of the constitution that's free speech activist tim told r.t. . what the new york times does is actually considered worse than what wiki leaks did because the new york times routinely publishes what is called top secret classified information which is actually the highest classification that u.s. government uses and the only thing wiki leaks has published although they've published hundreds of thousands of documents has been secret and below which is a lower classification and if we can reach this punished for this type of behavior the new york times isn't just in much trouble or if or more so now the government has argued that they can go after government leaders but never have they been able to prosecute a private citizen for publishing this information in the public interest and the real problem is that if it if it actually came to fruition then not only would wiki leaks and joined us on to be in jail for doing what essentially every other newspaper does but in the future other newspapers who want to publish stories in

the public interest the administration would be able to threaten these newspapers prosecution bring them to trial and not only would it stifle free speech in the sense that it could put journalists in jail but it could also bankrupt many media organizations would have to spend millions of dollars defending themselves against what is traditionally a protected. protected by the first amendment. now the latest and final edition of julian assange interview show is here for you next hour on archie. now are features and blogs online help explain why afghanistan strong all conflict has borne little progress in over a decade here's what else we're reporting at archie dot com keeping the web open and private and internet declaration signed by key groups from browser giants to amnesty international to protect our rights online. and the pulpit protesters were turned to bill brock stage russian punk group pussy riot joined an american band's

moscow gig after their notoriety for storming a cathedral and antigovernment stone. was watched a lackey wheeled in a very odd ball rally it's more far out than formula one and we've got the footage for you at our t.v. dot com. germany is by far the strongest economy in the euro zone but it still felt the punch of the euro crisis uncertainty over the currencies trade has led some germans to stash their cash away from the bank's books on a boy explains. better for economy good for business dittrich ross has been selling vintage cars for almost three decades but he says he's never had a better run of trade than in the last year and a half and use of the euro's instability has old the wills of his business so well there is stiff competition event to become one of his customers. to the gold of the garage you have the markets in your garage the markets the old cars and i think

they buy more than. before the crisis price tags in his collection run from a mere fifty thousand euro to massive three million for the bands. and while in the past the majority of his clients have a real passion for classic wills dittrich ross is now dealing with a new kind of buyer those who just want to part of their money for profit this car is a b.m.w. . only built two hundred fifty two cars and in two thousand and. five you have to spend for a car like that three hundred fifty thousand euros and today you have to spend a million real estate are jewelry almost all luxury sales are now reporting and as germans fearful of the euro collapsing officially turning that embattled cash into something they see as more durable it's not like money has always been burning

holes in german pockets traditionally the people of this country have been pretty conservative spenders but the average household putting aside eleven percent of the time come what may be your risk future is shrouded in uncertainty more and more germans are now buying into the idea that saving is wasting low interest rates combined with increasing inflation made savings accounts and profitable more than a decade ago france here among the bag few believe the euro crisis vindicated here once and for all turning a one's diligent saver into jim. most vocal advocate of spend spend spend more and more people get. nervous people like the luxury people like rich people know things too they don't believe in money and come home renovations to expensive medical procedures fear of the possible devaluation is pushing germans into a spending spree and his dental clinic the appointment calendar is already booked

for several months i had and the clinics director himself is in no mood to wait and see in addition to a brand new x. ray machine he's just bought a house that he never intends to live in my. twenty's. can be. friendly with. people who want to give you. don't want. food. and while in other countries this would be taken as a sign of growing consumer confidence for piggy banking germans this really is spending for a rainy day kind of artsy reporting from the nick in germany. to me now joins us from the business desk i their house tension around iran affecting oil prices today well and surprisingly today we're seeing oil prices going up and going up quite quite intensely and take a look at what's going on actually look at the price it's up to and a half dollars per barrel for both light sweet and for brant and that's as news

a skule to the point where iran is reportedly carrying out military drills with missiles potentially hitting far as israel and american bases in the region so therefore this is of course creating worries about about stability in the region and therefore stability and supplies not only from iran which have been somewhat limited by by sanctions but also just in the region in general and also we're hearing analysts saying that russia in this situation may not increase production to compensate for the lost lost production region saudi arabia is doing that but the fact that russia is moving its focus towards the far east is actually giving it an advantage on the market. russia is exporting more oil to the far east through a new pipeline to a part of the world which has relied heavily on a rainy and there is a potential the russian oil heading to the far east will gain market share from the

iranians and that might be a permanent shift if purchases such as japan korea. and china switched increasingly to taking more russian oil so there might be a permanent benefit from the situation. well on the russian market of course in the seas and stocks are enjoying this jump in the oil price we've seen a huge one last friday and then slight correction on monday and now again there's this big jump this is of course very supportive for the russian market which is highly dependent on crude prices no secret about that on the m i six among the movers of course we're seeing therefore gaining two point six percent and neither of the market is burbank is up also two point six among financial companies it's the most liquid stock on the market after is a bit weaker up just a point six percent the south now among currencies we're seeing the russian ruble

therefore strengthening on those high oil prices pretty strong against the euro and the dollar around sixty percent point six percent i have to correct myself there is stronger against both currencies and the euro is pretty much where it was in the previous session gaining a bit versus the greenback and on the european markets barclays continues a gaining on the news that its chairman is stepping down after the libel scandal and we're seeing. easily moving forward we're of course expecting the opening of the u.s. markets ahead of independence day it's going to be a pretty quiet session but where waiting. are no factory orders tonight so as soon as we have that this might of course change the positions on the market so that's the way things look right now i'll be back in fifteen minutes to tell you all right thanks for that we'll see you same place same time next hour the next here in our team we look at the challenges in the rapidly changing middle east that's after i

recap our top stories after this. you live it.

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