negotiated settlement we all root purpose of this exercise is to make sure that there is no competition in the middle east were played well in searches by way of syria you wrote it other places all these other things are excuses to claim that they care one bit about humanitarian concerns as it is a gross. and also we're killing says planning to plunge into the syrian debate with journal 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 also defenders of the we killing six of us he's saying that unlike us on trains in afghanistan and iraq no one was hurt as a result of the website's 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 a year holed up in ecuador's london embassy until there's a diplomatic solution all sweet and drops the case against him. this is still ahead for you this solid germany brings out the old guns. don't smallpox still in the piggy bank being used to cover some of the economy shortfalls. and in the business bulletin later this hour china suggests boosting bilateral trade with russia by incorporating deals in the national currency this story down more than ten minutes. and.

i think going down of the sun and good morning we will remember that we will.

going to be too much right. from science to bridge. 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 obama's opponent for the white house and he's 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 that image of it is that he would be more flexible to discuss the issue after the election mitt romney says under his administration quote mr putin will 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 enemy 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. it is 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 their boss obviously this is

a european company and so it would benefit not just germany but also france and other countries in europe but lots of the deals that have been signed. off of the 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 germany seems to be winning that competition and of china doesn't a ride to the rescue of the euro germany's already heading back to the future. and they televise the details of the players all 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 legal 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 went on to name had three 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 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 in germany officially drop the old money for the euro over ten years ago in two thousand and eleven alone though over eight million bucks marks were brought to the bundesbank to be changed into crisp new currency but where is that cash coming from. that he had that is not any 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 changed 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 change them into euro any 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 eurozone 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 theorists. 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 feature all of a r.t. . and of course you can find plenty more stories on our website elsie dot com and

here's a taste of all we've got for you that right now pussy riot may have been the inspiration for more than just pros has find out why the russian punk band is bending said to grisly. non-sport results a cake recipe or maybe the latest updates on the u.s. military troika times all 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 spreading. will continue to be in the more than a hundred thousand be both. groups walking in affected children see that children fall by duty ten times more likely to be born with birth defects in children in the rest of the country. being received as little as five hundred dollars for lifelong duties. and. unpunished. digital storage and. for going global and now it's cooling water. logged.

take your stuff. and. make your state. the are. you going to. design see and 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 police that shot them national prosecutors say officers only opened fire because they were under attack by on to protesters more than one hundred fifty of the miners being held claimed to have been beaten up in custody the killings as a strike over this miles became the bloodiest incidence is 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 has 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 a democratic convention this will never. turn delays at this hour with the 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 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 disputes. 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. kept expanding over the past few years while much of the e.u. showed negative growth but a series of gumi anomic 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 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 a high tech sector russia is the largest free email service melgar you has bought

out of the ukrainian namesake mail dot usa the companies 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 mail daughter use position in ukraine where it's already pretty popular. china wants to turn the trickle of its cross border tree. in you one and two 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 settlement 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 weigh reduce the currency risk that might incur and it's already happening i think we should expect to see a lot more of that and as these two currencies become at some stage 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 activities also lost some ground in fact more than one percent for the nasdaq as investors are anxiously anticipating the fed reserve chairman ben bernanke a speech only later in the day and we'll keep you posted on all of that of course

amounts all the latest from the business desk this hour but you can always find the latest stories that are business of travelers thank you very much indeed for that and i'll be back with our top stories in just a couple of minutes. wealthy british style.

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favorites. are quiet to watch on t.v. . any time the. secret laboratory. building most sophisticated. fortunately. tim's mission to teach me. this is why you should. only. more news today violence is once again flared up. these are the images the world

has been seeing from the streets of canada. china operations are only day.

you're watching artie's great to have you with us the headline. a london court will give its verdict in the multi-billion dollar legal battle between two russian oligarchs living in britain is very salty and romana burble that traill murder who's won in a case full of accusations dirty dealings and threats. turkey pushes for the un security council to intervene in syria militarily to protect civilians as britain refuses to rule asked taking action beyond the organizations most powerful body. and also a series one of the topics and drill in our latest interview the whistleblower promises more we can leaks revelations and claims the media's been manipulated over

what's happening as of his own predicament assange said he might have to spend six months to the ecuadorian embassy. and with mitt romney now officially named the republican nominee for u.s. president. talks to a scholar and researcher ivan eland about the race for the white house. what do you read into the g.o.p. convention. well 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 than nominees 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 conference convention and there

observe you ron paul supporters that kicked up a little bit but largely even ron paul is playing the game inside the party so you don't see hardly any disputes or anything like that over the platform or anything else and no surprises all the romney started at the very beginning of his campaign was very rough there was a lot of competition a lot of other candidates so basically discredit him and yet now at the convention it seems as the g.o.p. just wants from need to be the president yes well they've all that's the tradition in american politics usually is they have about a battle during the primaries call each other all sorts of names criticize each other's policy and then all of a sudden you see people who are criticizing him before when he gets enough electoral i mean convention delegates he flip and then start supporting him so as it ran this time they think now for the u.s.

well usually they're on the republican side they they nominate the person who lost last time the next in line the democrats are a little bit more if he but but i think basically comes down to these conventions and surf surface phenomena at the don't really mean much people who actually study elections in the u.s. say it's not really between two candidates it's a referendum on the current administration so you know they could have almost anybody running and the economy is bad and it's going to be very close but i think some of the models predict obama still eking it out of a. close victory but it's going to be close so those models could be off as well but i think obama has an intrinsic. advantage in the electoral college because in the united states you know we don't. as we saw in two thousand election we don't elect the president on the popular vote it can sometimes be different than the electoral college so we really don't have a national election we have a state by state election and so. the candidates have to win so many states

which add up to two hundred seventy electoral votes and so that can sometimes differ from the national popular vote totals so this could be another election where that happens we'll see obama as a slight edge in the electoral map and they kind of means that romney's policies are too far to the right and he seems as if he's moving even further to the right choosing paul ryan for instance a lot of people like his and accuse him of wanting to assert to the right wing of the republican party do you think the u.s. is moving in that direction or is it just politics that brought him here well the republicans seem to think that they can energize their base more than the democratic base because the democratic base is kind of disappointed with obama in certain respects and if they can energize their base they can win that way but i don't know that's a bit iffy i think they may have made a bad choice in paul ryan and i think that's choosing him said ok we're going to

mobilize our base instead of going for independent voters because he would have picked romney would pick somebody that was like chris christie or somebody that was more moderate to go out to the center and that may have been a mistake because most of the conservatives are going to vote against obama. and so they really didn't need paul ryan they needed somebody to get people in the middle particularly. suburban women and you see these comments by the republican candidate. one of the senate candidates on abortion and rape. you know that really. disaffect women so the republicans led that's what happened leading up to the convention so they don't really want to talk about that the republicans want to talk about the economy and they want all those social issues which are very divisive and might turn key voting blocks like suburban women against them so and in a close election they really need everybody on their side do you think he's able to

move to appeal to the middle well not as much i guess somewhat it's hard to say where he stands on many issues he's kind of moved around enough that's believable but after you do that and now if people you know stick you with the flip flopper type thing flipping back and forth between you know like john kerry was labeled with that. a while back for the demo on the democratic side you know if you're inconsistent on your and and mitt romney has been inconsistent on abortion assault weapons ban and even on health care yes in fact obama and mitt romney have switched positions because used to be obama was against his own what became his own healthcare plan because hillary originally proposed it during the primaries and of course mitt romney was the guy who dreamed up the whole thing is governor of massachusetts and now he's against that sort of thing so you never know what's going to.