i'm charged with a big. thank . you. thank you. thank. you. thank you. welcome back this is nasty the multibillion trial that heard

accusations of greed and in order design to stay as well as allegations of threats signed by dr evil will come to an end in london called in a few hours russian businessman roman abramovich the billionaire charles a football club owner and exiled russian tycoon there is a very small ski both living in the u.k. well here that extra day off his last met is in london. this verdict will bring to an end a case that opened up the secret world of the oligarchs with all it entails unimaginable sums of money offshore bank accounts illicit payments glamour luxury cruises and deals done with only a handshake in five star hotels and ski resorts it's brought to the london call to squabbling billionaires and their own suraj is expensive lawyers menacing bodyguards and beautiful women it's a trial where both men have accused the other of lying corruption and greed the

main points of the case that is old skis says he lost billions of dollars when abbott i'm over it intimidated him into selling his stakes in russian oil and metals businesses for a fraction of their value but i love it says berezovsky never owned any shares and that the payments he received were protection money or creature a word that's now freely bandied about in legal circles here in the u.k. as a result of this case our mortgage says he made regular undocumented payments to bits of ski in return for political protection totaling several hundred million dollars with amounts of five million handed over in cash he also says he paid for various off key to travel in a private jets for him a friend chateau arms jewelry for his girlfriend and the son at stake more than five billion dollars what but it's also the feels he's owed on top of the one point

two billion he was paid in two thousand and two the civil trial one of the biggest in british legal history came to an end in january and involves hundreds of hours of court time and millions in legal fees chewed in for the verdict between now but imo it should be his dogs eat later and of course there's more on all the twists and turns in this case as well as comment and and. this is on our website. where the eurozone seeking a financial say the europe's biggest hope to angela merkel has turned the german chancellor is in china clutching vendors and contrast of assigned and a trail. from the european council of foreign affairs believes china is a country worth spending some time with to make friends the big hope in europe is that the chinese would invest in some of the new vehicles that have been crazy like the european stability mechanism. the chinese. offer lots of words of support

today and yesterday but not much in the way of concrete promises to buy bonds in any case the chinese don't tend to make their bond purchases public so we don't know for example how much the chinese invested in european bones in the last two years since the euro crisis began and anyway we probably won't know so there's a lot of there's a lot of uncertainty about in the case of their boss but we see this is a european company and so it will benefit not just germany but also france and other countries in europe the loss of the deals that have been signed. for german companies are open to european companies and so to do in that sense there is a competition going on between germany and other european countries germany seems to be winning that competition. china doesn't arrive to the rescue of the euro germany's already heading to the future for the all of the details of the ins old

school savings fall of rain. here in germany the don't try are still very much alive and kicking in fact in a store in central berlin the good old they market is still accepted as legal tender when it comes to purchases with an exchange rate of around two dogs marks to the euro the store's manager says that there's still enough of the old currency around to warrant them taking it went on to name the reason we accept which marks is there are still plenty of people with the old currency we get quite a few people wanting to spend them in our store. it's not just in shops that they're accepted if you find a few d. mark coins down the back of the sofa germany's public telephones will happily take them off your hands germany officially dropped the old money for the euro over ten years ago in two thousand and eleven alone though over eight million bleach marks were brought to the bundesbank to be changed into crisp new currency but where is

that cash coming from. he had that has not been one of my only relatives gave me the school and as a gift so i decided to turn them into something it could spend on television. we've had them lying around the house for ages we've only just got around to getting democrats or there are those though who say they won't part with their marks as a minister. i keep them as a souvenir i'm not going to chain them into europe and according to the blunders bank there's still more than thirteen billion dollars each marks in circulation they say they get returns from as far away as brazil and new zealand so unlike some euro zone members the bank won't place a time limit on accepting old money. so we will continue to take them as long as people keep bringing them it's something of a tradition here that currency from years and years ago will always be exchanged

for legal terms or there are conspiracy theory. though who say that in the banks vaults are trillions of marks being stockpiled should the euro crisis deepen so if the cash that's returned isn't being kept for a rainy day what happens to it and once the exchanges completes those deutsche marks the shredded ending their days as very expensive confetti peter all of a r.t. . and you can always find plenty more stories on our website elsie dot com and here's a taste i want to go that for you right now to see brian may have been the inspiration for more than just protest find out why the washington punk band is being linked to a grisly double murder. school results a cake recipe or maybe the latest updates on the u.s. military drone attacks all of a liberal with a new i phone i. am

. going down of the song and good morning we will remember that we will. be. wealthy british style. time to rise from the.

market why not. find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines kaiser report on our. russia would be soo much brighter if you knew me only ballots from funds to pressure. don't come.

let's move on now and are right now let's check some other stories making news around the globe two hundred seventy south african miners have been charged with the murder of so she fooled our colleagues despite the fact it was the police that shot them national prosecutors say all this is only open fire because they were under attack by all protesters more than one hundred fifty of the miners being held claimed to have been beaten up in custody the killings at a strike of this month became the bloodiest incident says the fall of the apartheid regime. didn't is threatening legal action over a bird describing the d's house of the seal raid that killed osama bin laden made last year the department of defense says the you also was a former u.s. special forces officer had violated agreements not to divulge military secrets the book published next week apparently contradicts the at the shop account of what happened it. probably wouldn't. sound republican presidential nominee

mitt romney says america is less secure because president obama has failed to slow iran's nuclear program the white house hopeful accused barack obama of the bundling poland of a missile defense romney made the remarks to close this three day republican national convention in florida barack obama will get a chance to counter his republican rival next week at the democratic convention this for now that. i. and the next hour here on our research i've been able and discusses the race for the white house and the actual significance of party conventions but here's a preview the. conventions in the u.s. now are sort of a beauty contest they're not they used to be in the history they used to have a lot more effect the nominee was actually chosen at the conventions but now we

have a party primary and caucus system which does that so it's just sort of a coronation of the nominee of the particular party and they just script them pretty heavily romney has complete control over the. convention and there observe you ron paul supporters that kicked up a little bit of dust but largely even ron paul is playing the game inside the party so you don't see hardly any dispute. time now to cross over to the business desk good morning to you natasha so the russian equities started the session a few minutes ago so how's it looking so far well indeed the russian markets opened about twenty minutes ago and so far so good the r.t.s. and the why sex are actually gaining on the opening let's see the actual figures as we can see they're both putting on around

a quarter percent to just they're about that's after ending thursday's session with losses the stocks fell to the lowest in more than a week. obviously falling crude prices didn't help more on crude and just a moment gal's brahmans very bank or among the outsiders we'll see how they do this trading session the lower crude indeed hurt the russian equities but it's also hurt the russian ruble it's continuing to lose its value against the currency basket on the opening and the euro is trading a lower to the u.s. dollar at this hour. the privatization of russia's state assets could soon go online the state has agreed to terms of selling its properties through electronic auctions analysts say this would make the privatisation easier and more transparent however online seals don't really exclude privatizing state assets through more

traditional means and staying with the high tech services largest free email service mail dot ru has bought out its ukrainian namesake mail dot you say the companies didn't disclose the financial details of the deal but analysts estimated to be around half a billion dollars the move should boost mail daughter use positions in ukraine where it's actually already pretty popular. with. china wants to turn the trickle of crime. border trade a new one into a stream beijing uses its currency when trading with hong kong which uses the hong kong dollar and also with singapore but it also hopes what in america and the middle east could be next meanwhile russia has long been advocating moving away from the dollar and trading international currencies hong kong's financial secretary john tsang explains to business r t how it could work. what is happening

now is a great deal of trace. in the national currency so in terms of for example between russia and china they would be doing a lot of settlement in un or in ruble this way you can we reduce the currency risk that might incur and that is already happening i think we should expect to see a lot more of that and as these two currencies become a. currency for for the rest of the world. and speaking of asia let's see what's going on and it's equity markets and it's actually we're seeing losses there japan's nikkei is losing the most mainly on disappointing july industrial output numbers metals producers are really feeling the pinch they're all wall street overnight equities also lost some ground in fact more than one percent for the nasdaq as investors anxiously anxiously anticipated the speech by the fed reserve

chairman ben bernanke you later in the day. and. the crude market what we're seeing there is that oil is gaining and that really gives us some hope for the russian equity markets to withstand the downward pressure throughout the day of course we'll keep you posted on all the latest and that's all from the business desk this hour will be back in about fifteen minutes all right thank you very much natasha looking forward to seeing you next hour with hopefully more optimistic news and our back with our top stories in just a couple of minutes just.

culture is that so much as i believe it was again which of course he's right on a lot of them so here's a here's the u.s. still number one in the world opinions differ sharply both there can be no doubt american supremacy is being challenged by a number of. this was the plan that was responsible for causing the world's worst industrial disaster and now it had been abandoned in a condition where it had become a source of pollution of the most recent study that was done shows that this water

pollution and spreading. will continue to be in the more than hundred thousand people in the. groups looking at it that the children see the children to be ten times more likely to be born with birth defects in children in the rest of the country. in the sea as little as five hundred dollars but lifelong duties and. unpunished. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm trying hard welcomes a big picture. more

news today violence is once again flared up. and these are the images the world seeing from the streets of canada. operations are. full started here for going global and now pulling wire.

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this is our c. and we're triple the headline. pushes for the u.n. security council to intervene in syria militarily to close protect civilians not as britain refuses to rule out taking action beyond the organizations most powerful body. and syria's one of the topics intrude and also as a latest interview the whistleblower promises more we can leaks revelations and claims the media's been manipulated over what's happening as for his own predicament a song she said he might have to spend six months to get in the ecuadorian embassy in a. london court will give its verdict in the multi-billion dollar legal battle between two russian oligarchs living in britain very salty and the

romance of revolver which will learn who's won and the case full of accusations of dirty dealings and that's where it's. right down a collision of interests and discussion with host peter lawwell and his guests crosstalk is an external. play. live. alone and welcome to cross talk i'm peter lavelle is the u.s. still number one in the world opinions differ sharply though there can be no doubt american supremacy is being challenged by

a number of international players however if indeed the u.s. is in decline aren't all americans to blame. to cross out whether america is still number one i'm joined by bruce fein in washington senior policy adviser to ron paul two thousand and twelve presidential campaign and the founder of the link field group and american freedom agenda also in washington we have michael hughes he's a journalist and foreign policy analyst and in harrisburg we cross to jeffrey lord he is a former reagan white house political director and author all right gentlemen cross talk rules in effect that means you can jump in anytime you want but before we start our discussion here let's take a look at a very well known clip from h.b.o.'s program newsroom let's have a look. just in case you accidentally wander into a voting booth one day there's some things you should know and one of them is there is absolutely no evidence to support the statement that we're the greatest country in the world we're seventeen literacy twenty seventh in math twenty second in

science forty ninth in life expectancy one hundred seventy eight and infant mortality third in median household income number four in labor force and number four in exports we lead the world in only three categories number of incarcerated citizens per capita number of adults who believe angels are real and defense spending where we spend more than the next twenty. six countries combined twenty five of whom are allies none of this is the fault of a twenty year old college student but you nonetheless are without a doubt a member of the worst period generation period ever period so when you ask what makes us the greatest country in the world i don't know what the fuck you're talking about somebody. sure used to be. we stood up for what was right. we fought for moral reasons we passed laws struck down laws for moral reasons we waged war zone poverty

not poor people. we sacrificed we cared about our neighbors we put our money where amal's were and we never beat our chests we built great big things made on godly technological advances explored the universe cure disease and we cultivated the world's greatest artists and the world's greatest economy. we reached for the stars. acted like men we aspired to intelligence we didn't belittle it it didn't make us feel inferior. but in identify ourselves by we voted for in the last election and we didn't scare so easy. we were able to be all these things and do all these things because we were informed. by great men men who were revered. first step in solving any problem is recognizing there is one. america is not the

greatest country in the world anymore. i'm not ok michael very powerful acting extremely powerful words how do you react to that i mean because a lot of the facts mentioned there are correct ok they're easy to find and they've been known for a long time now is america's number one. and maybe but it there's a there's a gradual decline and it has to do with a lot of what he said there's a lot of it is political gridlock because a special interest groups you know we have a sixteen or fifteen dollar outstanding public. and seven hundred billion dollars defense budget. and for some reason we need to be projected worldwide we have this global footprint that does not match up to the actual threats ok it's very

uncertain bruce if i can go to you i mean ok go ahead jump in. i just say i think the diagnosis is correct but i think the reasons are wrong ok one or the really shouldn't be a country it's the reasons are that we have lost our way from what we were invasion desert country from the founding we shouldn't be going abroad in search of monsters to destroy what would make a country number one is complying with the rule of law on during the liberty over big government making sure you have a level playing field so everyone has the opportunity to develop their endowments and faculties and achieve what their ambition and industry will achieve it's not having government favor one side or the other side and say honoring respect for international law and not invading anyone's sovereignty because we say that in our viewpoint you're harboring someone at some time some place could be a danger to the united states global projection of military power going back to what john quincy adams said when he was secretary of state.