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winner takes it all and the losers and small russian self exile tycoon buddies but is all ski is left empty handed after a london court dismisses his hefty lawsuit against a billionaire about monaco put on a. turkey's pitch for a syrian intervention had played dead end up the un leaving nato countries warning they might simply bought

a house the security council. and wiki leaks also chips in on syria too late assad promises more revelations all western motivations in the crisis and blasts u.s. harassment of this whistle blowing web site. last republican mitt romney accepts his nomination as a presidential candidate with a promise to show rochelle more basketball critics night that's not his greatest asset. hello and welcome to our tea this friday ending the month of august with you now i'm karen terrill rotting while russian billionaire armando bottom of each has come out on top of a high profile court duel with a london based comp a trance and one of the most expensive cases in british legal history the judge dismissed the multibillion dollar challenge from controversial tycoon buddies

because of ski in a trial which offered a rare glimpse into the lives of the super rich more on the case for marty's laura smith. the court decision found against. that means essentially that not a cent of the more than five billion dollars in retribution that he was asking for will be paid to him by our mortgage. arrived at the court earlier this morning looking pretty upbeat himself was not there he said to reporters that he believed in the legal system that mood for him didn't last very long as the verdict was read he was holding his head in his hands obviously very disappointed by this but whatever the outcome really this case is been a huge amount of fun really for spectators this opened up this kind of seedy underworld of of formerly of russia's mega rich talked about what went on in the dark days of ninety's russia in what we used to call the wild east so it was almost

vost sums of money changing hands off shore bank accounts illicit payments made under the table. five star hotel ski resorts and deals enormous deals involving enormous sums of money done with just a handshake with no documentation whatsoever so it's very difficult for the judge to decide all along who's telling the truth and who's just making up the evidence as he goes along and it's brought these two squabbling billionaires with all that that involves their own thrushes their vastly expensive lawyers menacing looking bodyguards who stalk behind them constantly and with each. other more which each accusing the other of lying and corruption and greed now the details of this case have been that result is that she says that he lost billions of dollars when adam over back in the day intimidated him into selling off stakes in oil and metals

companies in russia for a fraction of what they were actually worth he says but i'm of it says that him but it's also he will never partners in the true sense of the word he says that he. took him on and payments that he made to bit is for political protection or creature. which means ruth in russian as it's come to be called which is a word that is now as a result of this case freely bandied about in legal circles here in the u.k. . which admits that he made these regular undocumented payments to get as they were only for this political protection and often in huge cash sums up to five million dollars handed over in cash at times and totaling several hundred million dollars he says that he paid for but is also key to travel in a private jet he bought him a french chateau and he also bought him jewelry for his girlfriend but is also wanted in excess of five billion dollars to make up for all that on top of the one point two billion that here originally received for what he says was the stake in

these ores and metals companies so there are all of these cases going on in london the moment we think of better he had one there would have been a lot more of them but still it shows that the british legal system is willing to pay these cases and the bill for the lawyers has run into millions and it's been hundreds of hours in court time professor of law at westminster university john flood believes london courts will have to deal with more cases of this kind of the future. well it's not normal it's the first of its current but it's the first of a series of cases which are not going to be heard in the commercial court we've got to and they're going to start coming up next i'm going there is also he's going to be appearing again so i think this one's going to run stories become normal the trouble with party with the russian case is is that there's no there's no move towards settlement there so deeply entrenched in the polar opposite positions that they just want to find out you can check out our tea dot com for the time line and

all the claims and counterclaims in this multibillion dollar wrangle also the details from right inside the courtroom are lined up at our london bureau what are the latest tweets say the verdict comedy's if it is off give us a prize and he's considering an appeal he was described by the judge as deluded and some of his testimony and his evidence was too weak. britain and france are warning they might bypass the u.n. altogether after turkey's push for a no fly zone over syria met strong criticism that the security council does demanding sweeping powers to protect refugees fleeing the war moves out war would amount to military intervention but international reaction has been cool but strong

reservations about militarizing a humanitarian effort in a point i reports from new york. well the 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 are 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 but we did hear all western countries address the security council their representatives are 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 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 so that that was up on the stool the sink is 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 meads 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 you see the efforts of certain states to use humanitarian reasons to justify financial technical and logistical

support to illegally armed groups as an acceptable. but the u.s. and its western allies have underscored as late as this eat this meeting taking place security council that they will continue supporting the syrian opposition and continue providing them with a quick meant. professor paul sheldon foote from california state university has been monitoring turkey's no fly zone bed he says that underneath the rhetoric and professed humanitarian concerns it's all about politics. it's a pretext it's still another way to divide and take over the current three years seeing the united nations as your vehicle it is unfortunately a repetition of what happened in libya or the united nations being used to promote war instead of both their playbook worked in libya they were drawn to the same playbook and all of those work anymore but there is no desire by. the west's nailed

you have been negotiated settlement so the older the purpose of this exercise is to make sure that there is no competition in the middle east or play well in searches by way of syria you wrote in other places all these other things are excuses to claim that they care one bit about humanitarian concerns as it is a gross war also weighing in on the syria situation as wiki leaks what julian assad promising to publish millions of e-mails to cast new light on the crisis they're supposed to show just how comfortable the west used to be with president assad and how the media is currently being manipulated to vilify him it was a blower made his comments during a rare interview with a south american t.v. network while he's holed up at the ecuadorian embassy in london criticised washington's harassment to point the leaks saying speaking the truth should never be considered a crime he also mentioned how the west is turning into a surveillance make a state which a believes makes a mockery of human rights as predicted he would stay for up to

a year at the embassy surrounded by a british police until either a diplomatic solution is found the case against him is dropped. and we've been following julian assange has legal battle and now you can track it back to the very beginning all on our website com and while you're there here's a taste of what else might catch or i. planned for a new app which gives the latest updates on u.s. military drone attacks including a body count find out why the app hasn't been approved. also on line vision all of the future a woman who had lost her sight has got it back again surgeons have implanted her with the first ever successful buy on i pod.

here with our team and mitt romney has been outlining more of his policy plans as he accepted his nomination as the republican candidate for the u.s. presidency he wants more stressed his aggressive views toward some nations including russia but with a reputation for changing his stance can be hard to tell just how trustworthy it's going to count explains. mitt romney is now officially barack obama's opponent for the white house and he's talking tough throwing rocks well 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 any masorti towards russia he criticized the president for not being hard enough in his view on russia when it comes to missile defense mitt romney says under his administration quote mr putin will see 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 job political enemy and 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 a lack of charisma what's interesting about the backbone comment is that mitt romney himself is often characterized as lacking the backbone as he has flip flopped on so many issues like abortion he was for abortion before he was against it or illegal immigration he was for giving them legal status that he was for deporting them mitt romney is flip flops have been widely discussed they've become an endless source of inspiration for comedians this is. from the tonight show with jay leno it says actually mitt romney and hurricane isaac have something in common

they can both change directions at any moment and another comedian goes obama is like you can be whatever you want to be while mommy is like i can be whatever you want me to be there are tons of jokes about mitt romney and his backbone issues apparently one way of showing some backbone for him is this kind of tough talk full of threats we'll see how far it will take him in this november election. the idea of america's greatness and special position in the world as a staple of both candidates campaigns but is it fair to say that the u.s. has a unique role to play in global affairs that's the question in today's crosstalk and it's coming up at fifteen thirty g.m.t. . which take a look at a very well known clip from h.b.o.'s program newsroom. 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 lead the world in only three categories number of cars per capita

number of adults who believe angels are real and defense bending is america's number one there's a there's a gradual decline john quincy adams said when he was secretary of state an eight hundred twenty one before his president that we could be dictator of the world what are its policy would then shift from a policy of liberty and freedom to a policy of domination and control and now we are a country that's lost its way and it's not because we may not be number one in the amount of arms we sell you know we felt about three quarters of all the arms abroad or have the greatest military power but because we lost our moral stature and values of who we are as a people. all right german chancellor angela merkel is on a visit to china hoping to tap into the country's monetary muscle to help pull europe out of the downward spiral she's seeking to boost the flow of investment from beijing into the european stability front

a firewall against financial trouble that the chancellor worked hard to create however holland me from the european council on foreign relations says the chinese are not in a hurry to lend a helping hand to berlin. 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 but lots of the deals that have been signed. off for german companies are all good for european companies and so to do in that sense there is a competition going on between germany and other european countries and mostly germany seems to be winning that competition. while germany and striving to make sure the euro stays afloat its old currency market showing no signs of being discarded peter oliver has the details of berlin's old school savings per day. 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 was on the name of 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 demarche 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. 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 only just got around to getting damaged or there are those though who say they won't part with their marks as an innocence . i keep them as a souvenir i'm not going to change them into euro. 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. say that in the banks vaults are trillions of marks being stockpiled should the euro crisis deepen only room so if the cash that's returned isn't being kept for a rainy day what happens to it and once the exchange is complete those deutsche marks the shredded ending their days as very expensive confetti feature all of a r.t. . let's now have

a look at some other international news in brief south africa's justice minister has demanded an explanation over the decision to charge almost three hundred miners with the murder of their thirty four coworkers despite the fact the victims were killed by police prosecutors claim police were provoked during the incident two weeks ago and opened fire only after all much protesters attacked them but there is huge public outrage with many believing the government is trying to shift the blame the incident was the bloodiest in the country's history since it became a democracy and nineteen ninety four. iran has rejected a as a political move of the latest report by the u.n. nuclear watchdog which claims the country's doubled the number of uranium enrichment centrifuges the finding sparked a wave of concern from some western nations and especially israel despite the fact only about a third of centrifuges are operational iran believes the i.a.e.a.

report is aimed at overshadowing the nonaligned movement summit in teheran where the country's again stressed that its nuclear program is entirely peaceful. a massive wildfire in southern spain has forced around four thousand people to flee their homes with some losing everything in the flames firefighters believe the blaze was started deliberately they hope to get it under control by the end of the day spain's countryside has been very dry this summer because of a prolonged heat wave. tens of thousands have taken to the streets of seoul to protest government labor policies and support the ongoing strike one of south korea's largest trade unions a nationwide walk out of more than one hundred thousand employees is expected to be supported by other unions the protesters demanded an end to the privatization of public companies and want to put

a stop to mask. the layoffs in the private sector. dimitri joins us from the business desk and all eyes on wyoming today where central bankers are meeting that's right investors are basically rubbing their hands in anticipation of the fed chairman ben bernanke east speech now two years ago he gave a hint that there will be a new wave of quantitative easing and basically happened he expanded for out the year let's take a look at what's happening on the markets a pretty much illustrates the anticipation on the market with the dax up one point four percent this sell it would see like behind a bit point six percent u.s. futures are also pointing to a positive start and this is all on hopes that ben bernanke you will announce further stimulus maybe a new wave of quantity easing although personally i doubt that there will be any kind of indication because we know we've had this story many many times that investors are very much anticipating this kind of action from the government but it

seems the economic data is not bad enough to have one thing on the market i mean i won't be disappointed if i'm a. second ago a more stories now one of european union's a few growth stories poland is feeling the squeeze of the downturn the country's second quarter growth eased to two point four percent the lowest in three years and significantly below the forecast poland's g.d.p. kept expanding over the last few years well much of the e.u. showed negative growth at a series of gloomy economic indicators show that the so-called economic miracle is coming to an. all right let's move over to the russian markets and it's kind of out of sync from its global peers with the my six actually declining point three percent the past couple of weeks we have seen a lot of steady growth and now it seems there's a much anticipated correction. and it's coming in with the my six driven down by

luke oil shares after the company announced that it has been spending massive amounts of money on buying back its own shares could potentially continue doing so by the end of the year but it seems investors are now taking their profits in that company well among other stories after of as shares are very much of beat one and a half percent now the car maker has announced they will be building the new version of the red no logo car next year now flagship carrier air flow is down point six percent its announced passenger numbers up twenty five percent in the first seven months of the year but it seems investors are not impressed with that number and no most bank is an outstanding game no it's actually a finley traded stock because it's a second tier maybe even a third tier asset and now it's up almost fourteen percent as you can see that was up around twenty percent that's as financial corporation that. said that it was

consolidating the banks shares actually it didn't say so there are. correct myself now let's move over to commodities and this is still a continuation of the same story in anticipation of further stimulus from the government which means there will be potentially higher demand for energy oil is up as you can see there more than one dollar for the light sweet and on the currencies mark of the euro is gaining massively although we could say that it's the dollar losing because if there will be more quantitative easing that the u.s. government will probably need a weaker dollar and therefore investors are selling out right now the russian ruble is in line with that trend it's up against the dollar although it has been losing a value for the whole week. now in other stories the privatization of russia's state assets could soon go online the state has agreed the terms of selling its property through electronic auctions analysts say. this would make the

privatization easier and more transparent however online sales do not exclude privatizing state assets for more traditional means. staying with high tax russia's largest free email service mail to our you has bought out its ukrainian namesake mail dot usa companies did not disclose the financial details of the deal but analysts estimated to be worth around half a billion dollars now this move should boost mail to our use position in ukraine where it's already pretty popular. and china is aiming to push its you want to be used more in international trade is currently using it in operations with hong kong and singapore and now it's eyeing latin america and the middle east and while russia has been long trying to do the same hong kong's financial secretary john tsang told r.t. that the two countries can help each other but. 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 may incur and that is already happening i think we should expect to see a lot more as these two currencies become at some stage of currency for for the rest of the world. all right fed chairman ben bernanke is due to start talking around thirty five minutes on the least expected to so next hour how for more of the nation on that point all right thank you very much for that update me train i will be back with a recap of our top stories in just a couple of minutes stay with us. if you.

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