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clash of the titans our london court will give its about it's going to multibillion dollar legal battle between two russian oligarchs living in prison of course full of accusations of the dirty dealings about threats and. also the solitaire he pushes for foreign nations thing to beat in syria to protect civilians as a person refuses to allow taking action beyond the do our security council. in

syria is one of the topics intrude on our songs as a place to interview the whistleblower thomas is no wiki leaks revelations and claims the media's been manipulated over what's happening that. international news live for most go this is all see was me. thanks for joining us the multi-billion trial that heard accusations of greed and desire to stay as well as an occasions of threats signed by dr evil will come to an end in london called in a few hours russian businessman from on the brim of it the billionaire chelsea football club owner and south exiled russian tycoon barry's very self living in the u.k. well here today. is that in london for us 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 luxury cruises and deals done with only a handshake in five star hotels and ski resorts brought to the london call to squabbling billionaires and their own shiraz is expensive lawyers menacing bodyguards and beautiful women it's a trial where both men have accused the other lying corruption and greed the main points of the case that is built says he lost billions of dollars when i'm over it intimidated him into selling his stakes in russian oil and metals businesses for a fraction of their value but imo which says it is not scheme 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 but imo bitch those he made regular undocumented payments to

in return for political protection totaling several hundred million dollars with amounts of five million handed over but in congress he also says he paid for betty's off key to travel in a private jets for him a friend chateau and jewelry for his girlfriend and the storm at stake more than five billion dollars what but it's also the. feels he's on top of the one point two billion he was paid in two thousand and two the civil trial one of the big east british legal history came to an end in january and involved hundreds of hours of court time and millions in legal fees today and for the verdict between now but imo it should be resolved later. and there's more nor the twists and turns in this case as well as comment and analysis on our website it's. turkey was the un security council to set up

a save zone with this syria to protect civilians fleeing war a move that would effectively require military intervention given russia and china's opposition to an armed involvement in syria's affairs britain made it clear for the nations could bypass the council to implement the idea western nations are already discussing the future of syria without its current leadership brings us the details from new york. security council remains very much divided over how to deal with the syrian crisis the high level meeting that was taking place in new york focused on the humanitarian circumstances in syria right now and how they continue to exacerbate according to u.n. officials at least two hundred twenty nine thousand syrians have fled the country in the past eighteen months spilling over to neighboring countries turkey has the security council to consider setting up refugee camps inside of syria that outside countries would safeguard this is

a suggestion that the syrian government say they are very much against russia and china also opposed it saying that it could only create more conflict and violence so clearly you have a very complicated situation here but we did hear all western countries address the security council their representatives calling once again for syrian president bashar al assad to step down britain and france the foreign ministers of those countries today made a new call encouraging for more defections within the syrian government and the syrian military the russian ambassador to the united nations vitaly churkin i did address the security council and raised the issue of the fact that the unilateral sanctions that western countries including the us britain and france those sanctions that they've placed on syria are only hurting the syrians that there was a stool the sanctions imposed by passing the u.n. security council have nothing to do with actual efforts to settle the syrian crisis

we complicate the lives of average citizens and do not allow them to meet their elementary needs or fully enjoy basic human rights this is not only our conclusion but also that of an independent commission in syria we call upon nations who impose sanctions against syria to immediately lift them we see the efforts of certain states to use humanitarian reasons to justify financial technical and logistical support to illegally armed groups as. the u.s. and its western allies have underscored as late as is this eve this meeting taking place security council that they will continue supporting the syrian opposition and continue providing them with a quick meant and if i'm wrong the situation around syria we spoke to professor paul sheldon suit of california state university who specializes in middle eastern affairs as he believes the u.s. and its allies id's in the humanitarian situation in syria to pursue that john day in the region it's

a pretext it's still another way to divide and take over the country using the united nations as your vehicle is unfortunately a repetition of what happened in libya or the united nations being used to promote war instead of promote case that playbook worked in libya they want to try the same playbook and no it doesn't work anymore well there is no desire by. the west nato to have a negotiated settlement the only purpose of this exercise is to make sure that there is no competition in the middle east for pipelines such as by way of syria iran and other places and all these other things are excuses there to claim that they care one bit about humanitarian concerns as it is a gross. and also we're killing exists planning to plunge into the sewer and debate with juvenile songs promising millions of related emails will be published in a rare interview the whistleblower gave to latin american t.v. network he also pointed to a clear manipulation of the media over the syrian conflict

a sound also defenders of the wiki leaks sexy this is saying that unlike us on shows in afghanistan or iraq no one was hot as a result of the websites publications and he said he has never bortle sold information and insisted everything his website ever revealed was the true it's a song also touched upon surveillance via the internet suggesting the u.s. maintains a spy network through google the whistleblower admitted he may have to spend from six months to get holed up in ecuador's london embassy until there's a diplomatic solution also we didn't drop the case against him. this is still ahead for you this solid germany brings out the old guns. marks still in the big time being used to cover some of the economy shortfalls. and in the business bulletin later this hour china suggests boosting biological trade with russia by incorporating deals in the national currencies this story and more than ten minutes

. at the going down of the sun and good morning we will remember that we will leave. that.

to be too much brighter. from science to aggression.

don't come. to the u.s. now where the republican candidate for the presidency me tony has been laying out his case for office. he's views on the world how worried some listening in to the republican convention from abroad. and was listening to his views and contradictions. while your leader mitt romney is now officially barack obama's opponent for the white house and he is talking tough throwing rocks while verbal rocks not only at the president but also at nations at the republican convention where he accepted his nomination mr romney did not fail to once again highlight his animosity towards russia he criticized the president for not being hard enough in his view on russia when it comes to missile defense he referred to president

obama's hot mike moment when the president told me to mediate if that he would be more flexible to discuss the issue after the election mitt romney says under his administration quote mr boortz in we'll see a less flexibility and more backbone and of quote and of course that adds up to his earlier statements that russia is america's number one geopolitical anime that they need to reset the reset that's actually what he says on his website as part of mitt romney's foreign policy agenda so yes a lot of tough talk i heard experts say that's how mitt romney makes up for lack of charisma what's interesting about the backbone comment is that mitt romney himself is often. the size is often characterized as lacking the backbone as he has flip flopped on so many issues like abortion was for abortion before he was against it or illegal immigration when he was for giving them legal status that he was for deporting them mitt romney's flip flops have been widely discussed they've been an

endless source of inspiration to comedians and apparently one way of showing some backbone for him is this kind of tough talk oh you know full of threats we'll see how far it will take him in this november election. and i think you very much indeed for your insight will talk to him later. with the eurozone seeking a financial savior europe's biggest hater merkel has turned east the german chancellor is in china clutching billions in contracts to be signed in beijing. nonny from the european council on foreign relations 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 anyway and we probably won't know so there's a lot of there's a lot of uncertainty about in the case of a boss that we see this is a european company and so it will benefit not just germany but also france and other countries in europe but lots of the deals that have been signed. off for german companies are all going to european companies and so in that sense there is a competition going on between germany and other european countries and mostly germany seems to be winning that competition and of china doesn't a ride to the rescue of the year at germany's already heading back to the future. they televise the details of the players old school savings for a rainy day. here in germany the don't try are still very much alive and kicking in

fact in the store in central berlin the good old they market is still accepted as a little tender when it comes to purchases with an exchange rate of around two dollars each marks to the euro the store's manager says that there's still enough of the old currency around to warrant them taking it was on the name of three the reason we accept bleach 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 for 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 marks were brought to the bundesbank to be changed into crisp new currency but where is that cash coming from. he had that is not any one of my only relatives gave me before

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 changed or there are those though who say they won't part with their deutsche marks as a minister of god some i keep them as a souvenir i'm not going to change them into your room 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 tender there are conspiracy theorist. you say that in the banks vaults

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 feature all of a r.t. . and of course you can find plenty more stories on our website home and here's a taste of all we've got for you that right now. the riots may have been the inspiration for more than just prose has pointed out why the russian punk band is banning said. sports results said cake recipe or maybe the latest updates on the u.s. military trial of the time of a novel with a new i phone. this

was the plan that was responsible for causing the world's worst industrial disaster and now it had been abandoned in the condition where it had become a source of pollution or the most recent study that was done shows that this water pollution and spread of. food. more than a hundred thousand people in. groups working in effect the children see the children to be ten times more likely to be born with birth defects and children in the rest of the country. in the sea as little as five hundred dollars for lifelong. unpunished.

digitals stores or. for going global. cooling. take your stuff. and. make your stay. my. designs she said now some other stories making headlines around the globe two hundred seventy south african miners have been charged with the murder of thirty

four their colleagues despite the fact it was the pleas that showed them national prosecutors say all this is only open fire because they were under a time by on to protest as more than one hundred fifty of the miners being held claimed to have been beaten up in custody the killings at a strike at this miles became the bloodiest incidence as the fall of the apartheid regime. the pentagon is threatening legal action over a book describing the details of the seal raid that killed osama bin laden in may last year the department of defense says they also who's a former u.s. special officer forces officer violated agreements not to divulge military secrets the book published next week apparently contradicts the official account of what happened. 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 abandoning poland over the missile defense romney made the remarks to close the three day republican national convention in florida barack obama will get a chance to counter his republican rival next week at the democratic convention thought about this. until they said this hour i'll see researcher ivan eland discusses the race for the white house and the actual significance of party conventions but here's a preview. 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 are reserve 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. and time now to cross over to the business desk natasha's that good morning to china is insisting on switching to national currencies in the bilateral trade please explain well that's really the idea china has been able to do it with some of its trading partners and now hopes that russia will be among them soon all the details in just a couple of minutes but first let's go straight to the equity markets and we'll start with europe which started its trade about twenty minutes ago and the equities opened lower that's after all losses in the previous session one of the european union's few growth stories. coolant is feeling the squeeze of the downturn the country's second quarter growth eased to two point four percent the lowest in about three years and significantly below the forecast poland's g.d.p.

expanding over the past few years while much of the e.u. showed negative growth but a series of gloomy economic indicators show that the so-called economic miracle is coming to an end. now on to the russian equity markets in the second hour of trade they are regaining some of the ground lost on thursday once stocks fell to the lowest level in about a week crude to lower crude hurt the russian equities on thursday dropping to a two week low and worries that the hurricane isaac subsided but now we're seeing a different picture crude is actually demonstrating modest gains hopefully that will keep on benefiting the martial markets onto the currencies now the dollar the sour is regaining to gaining value to the european currency the ruble is rebounding to the currency basket and the privatization of russia's state acids could soon

go on line the state has agreed the terms of selling its properties through electronic auctions analysts say this would make the privatisation process easier and more transparent but online sales don't exclude privatizing state assets through the more traditional means as saying with the high tech sector rushes a large just free email service mail dot ru has bought out its ukrainian namesake mail dot usa the company's did in the schools the financial details of the deal but analysts estimated to be around a half a billion dollars the move should boost melgar use position in ukraine where it's already pretty popular. china wants to turn the trickle of its cross border tree. you won and to a strain beijing uses the national currency when trading with hong kong which has the hong kong dollar and also singapore but it also hopes

a lot in america and the middle east could be next and russia has long been advocating moving away from the u.s. dollar and trading in the national currencies hong kong's financial secretary john sung explains to business r t how it could all 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 or in this way you can we reduce the currency risk that my incur and that is already happening i think we should expect to see a lot more as these two currencies become a. sort of currency for for the rest of the world. and speaking of asia let's see what's going on on the asian equity markets and what we're seeing there is pretty much a sea of red japan is hurting the most it's losing more than one and

a half percent the souring disappointing july industrial output numbers metal producers are really feeling the pinch over in the united states overnight equities also lost some ground in fact more than one percent for then ask that as investors anxiously anticipate the fed reserve chairman ben bernanke a speech only later in the day and we'll keep you posted on all of that. force and that's all the latest from the business desk this hour but you can always find the latest stories that are business travelers thank you very much indeed for that and i'll be back with our top stories in just a couple of minutes. wealthy

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