the winner takes it all the loser standing small the russian sell thanks on time going buddies but is all ski is left empty handed after a london court just miss its had a lawsuit against the billionaire at all mon all but i'm old. turkey's pitch for a syrian intervention it's a dead end at the un leaving nato countries warning they might simply by pounce the security council. and wiki leaks also with chips in on syria julian

assange promises more revelations all western nations in crisis and blasts u.s. harassment of his whistle blowing web site. plus republican mitt romney accepts his nomination as a presidential candidate with almost a show more back that critics snipe that's not his greatest asset. hello and welcome to our t.v. where we are on screen and on line twenty four hours a day seven days a week karen taraji well russian billionaire it all mon abramovich has come out on top of a haul of profile court duel with a london based compatriot 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 trial which offered

a rare glimpse into the lives of the super rich more on the case from marty's laura smith. the final verdict in this case found against bodies that is old school which means that he won't receive a cent of the more than five point six billion dollars that he was also going for for a. run up but i want to promote himself was not in court this morning. was he a relieved looking very upbeat saying that he had full confidence in the british legal system that was the verdict was being read he held his head in his hands and as he was leaving he appears to have lost confidence in the british legal system now this is a case that has opened up all the viewing of the general public the key world of russia's mega rich and what they go to up to back in the nineteen ninety's the wild east as we called it back then we're talking about the history of sums of money off shore bank accounts elicit payments made between people often in massive sums of

cash. or of course five star hotels ski resorts and enormous business deals done only on the strength of a handshake with no documentation which of course has made this case a very difficult one to judge it's cruel to london to school building billionaires along with their own to raj is make or expensive lawyers and bodyguards who walked around this course area in their shades in a menacing way but he spit his old ski says that he was done out of billions of dollars when he says that i promote it intimidates him into selling shares in russian metals and oil companies for a fraction of what they were but abramovich says that in fact. when never business partners that he was making payments to it as well to keep it they were only for political protection. roof in russian which has become a common hollins in the legal circles here in london as

a result of this case is that he did make regular payments to put his. full political protection but he says. that they weren't anything to do with the partnership they were often made into huge cash thumbs up to five million dollars one today for in cash and totaling several hundred million dollars he says that he paid well but is also key to travel in a private jet that he bought him a french chateau and he also bought him jewelry for his girlfriend but is also he wanted five point six billion dollars on top of the one point two billion that he received back in two thousand and two from which this is being one of the biggest civil trials ever held in british legal history it's been hundreds of hours and resulted in millions of dollars worth of legal fees so we've had the results of this case no you win this time around but we may see more cases of this nature here in london. professor of law at westminster university john allen believes london

courts will have to deal with more cases of this kind in the future well it's not normal it's the first of its current and it is the first of a series of cases which are now going to be heard in the commercial court we've got to. start coming out next and even better is also it is going to be appearing again so i think this one's going to run and it's going to become normal the trouble with partly with the russian case is is that there's no there's no move towards settlement there's some entrenched in the polar opposite positions that they just want to fight it out. you can check out our t. dot com for the tom line and all the claims and counterclaims in a small time billion dollars and the details from the right you saw the courtroom all lined up at our london bureau twitter feed the latest tweets and say the verdict. surprised and he's considering an appeal was described by the judge as deluded in some of his testimony and evidence was.

great man france all warning they might bypass the u.n. altogether after turkey's push for a no fly zone over syria met strong criticism at the security council demanding sweeping powers to protect refugees fleeing war in a move that would amount to military intervention but international reaction has been cool but strong reservations about militarizing a humanitarian effort now 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 calling once again for the 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 nation's 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 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 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 bid he says that underneath the rhetoric and pro first humanitarian concerns it's all about politics. it's a pretext it's still another way to divide and take over the country years seeing the united nations as your vehicle it is unfortunately a repetition of what happened in libya where we are the united nations being used to promote war instead of promote case that playboy who are doing whatever they were trying to save playboy can do it doesn't work anymore there is no desire by. the west nato to have been negotiated settlement of the old with the purpose of this exercise is to make sure that there is no competition in the middle east for pipeline such as by way of syria you wrote in other places all these other things are excuses there 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 assange promising to publish millions of emails 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 bill if i have the whistleblower made has comments during an interview with a south american t.v. network on his hold up at the ecuadorian embassy in london assad criticized washington's harassment of wiki leaks saying speaking the truth should never be considered a crime he also mentioned how the west just turning into a surveillance mega state which he believes makes a mockery of human rights sons' predicted he would stay for up to a year at the embassy surrounded by british police until either a diplomatic solution is found or the case against him is dropped all within from the u.k. independence party says the issues wiki leaks brings up are extremely relevant. we here in britain suffer even more from the surveillance society in the united states

and london is the cat the world capital of surveillance everywhere you look there's a c.c.t.v. camera we are constantly mounted moment to twenty four hours a day. but now we we in the u.k. independence party try and fight this in the same way that we kill each has been trying to do but it's very difficult because you're made out to be against the rule of law or if you don't want to be surveyed you know every moment of your your waking life but the fact of the matter is that there's been no attempt to say that any of the stuff that they reveal is fraudulent or misleading the whole. seems to be to take them out because the actual documents speak for themselves or not but clearly for the most part you know extremely damning and very relevant you know to try and stay with us here on our team still ahead for you this hour politically motivated verdict from iran on a new u.n. report claiming to have evidence that the country has doubled its nuclear capacity

. over in germany where the old to do its mark has more than just sentimental value in uncertain times. mitt romney has been outlining more of his policy plans and 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 it can be hard to tell how trustworthy years as our can 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 the president but also 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 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 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 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 that any moment and another comedian goes obama is like you can be whatever you want to be while romney 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 and the world is a staple of both candidates campaigns but is it fair to say the u.s. has a unique role to play in global affairs well that's the question in today's crosstalk and it's coming up in just about fifteen minutes. 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 incarcerated citizens per capita number of adults who believe angels are real and depends upon doing is america still 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 dictators 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. iran has rejected as a political move the latest report by the u.n. nuclear watchdog which claims the country's del volt the number of uranium

enrichment centrifuges technorati believes the findings are aimed at overshadowing the no in the lunch movement summit taking place there cited mohammad marandi a professor at the university of temper on things the release of the report at this time is highly suspicious. the iranians are saying that this report came at a sensitive time to sort of distract attention away from this iranian success the nonaligned movement. conference in tehran has been highly successful instead of iran being isolated the united states has become isolated scented opposed to senior figures going to tehran and many major world leaders have come to the country in addition the president of egypt came to iran which is a political earthquake the iranians are producing uranium enrichment intimate twenty percent for facilities in tehran which then produce medical

isotopes the fact that the united states and the europeans tried to prevent iran from obtaining this fuel in the past met that meant that they were taking the iranian cancer patients hostage the irony here is that the iranians at the beginning had no intention whatsoever to produce a name at twenty percent and then produce nuclear fuel but the americans and the europeans by taking iranian citizens and people hostage for sea iranians to take that step the politicians senior politicians really know that an attack on iran would be devastating for the united states and not only for its economy but for its global position and its credibility. don't forget you can log onto our website r.t. dot com for the latest news comment and videos while you're there here's a taste of what else might catch your eye. plans for a new album which gives the latest updates on u.s. military drone attacks including

a body count find out why beat up hasn't been approved. also online vision of the future a woman who had lost her sight has got it back again surgeons have implanted her with the first ever successful by our naked eye. 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 its downward spiral. and she is seeking to boost the flow of investment from baby no one into a european stability fund a firewall against financial trouble that the chancellor worked very hard to create over holland's calling nonny from the european council on foreign relations says

the chinese are in no hurry to hand to berlin. with with 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 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 to

german companies rolled into 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 and while germany and striving to make sure the euro stays afloat its old currency the deutsche mark is showing no signs of being discarded artist peter oliver has the details of berlin's old school savings for a rainy 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 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 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 from 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. he had that is not any one of my ugly relatives gave me the scorns 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. i keep them as a souvenir i'm not going to change them into euro 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 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 theory. though who 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 exchanges completes those deutsche marks the shredded ending their days as very expensive confetti feature all of a r.t. . all right 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 victims were killed by police prosecutors claim police were provoked to during the incident two weeks ago and opened fire only after armed 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 in one thousand nine hundred four. 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 sought to protest against government labor policies and support the ongoing strike

announced by one of south korea's largest trade unions a nationwide walkout of more than one hundred thousand employees is expected to be supported by other unions the protesters demanded and and to the privatisation of public companies want to put a stop to what the mass layoffs and private sector. dimitris over here with the business news and it seems the markets have been anticipated anticipating the jackson hole summit in wyoming all week now that it's all tell us are they happy well yes we could say that one russian classic said you know waiting in chasing of the two worst things in the world are going to happen do you know that it's all and we've already had ben bernanke you speech basically. the time now for the markets to assess their speech and make their own conclude. i could say that the market is rather positive about what they've heard and so what we're seeing right now is indeed

a growth on the markets but the chairman ben bernanke said on friday the federal reserve will do more to boost the economy because of high u.s. unemployment and an economic recovery that remains quote far from satisfactory and he also argued that the fed's move so far to keep interest rates at record lows and encourage borrowing and spending they've all helped bolster the economy but at the same time the fed did not provide any indication as to which concrete moves it would use well this let's meanwhile take a look at what's happening on the markets and basically he has mentioned quantity of easing as an option and that the fed would do anything needed in this respect and that is going to be easing has been helpful before but so far we have no information as to when how and which volumes but the dow jones as you can see there is up more than one percent took a while to actually get here but a sweetener here is also manufacturing data came in for the month of july up to two

point eight percent and that's a good sign that not everything is so bad for the economy now over in europe or the markets are also positive here the investors are also anticipating e.c.b. these moves to help will buy out the spanish and italian debt notably bonds and therefore the dax is up one point three percent that's out. now let's turn to poland one of the european union's a few growth stories it's now feeling the squeeze of the downturn in the country's second quarter growth fees to two point four percent that's the lowest in three years and significantly below the forecast so there's g.d.p. kept expanding over the last few years while much of the e.u. showed negative growth in a series of gloomy economic indicators show that the so-called economic miracle is based. we coming to. now let's move to the closing picture on the russian markets and it's a mixed picture we've got the r.t.s. up slightly the my six as you can see is falling hard four percent how the markets

have been kind of out of sync today with the rest of the world it seems that it's a long awaited correction it's coming in at least on the my six that is which has been pushed down also by lukoil shares which are down more than two percent of the close as the company unveiled it has been buying up more than two and a half billion dollars worth of its shares from the market. now on the commodities market everything also looking pretty rosy with light sweet now back at one dollar fifty three last and that's of course in anticipation of these moves that the fed has promised even though it has not provided any information as to when so basically that could spur demand for energy as it would stimulate the economy. and on the currencies market the euro right now is still up but as you can see there one hundred twenty points almost one percent versus the dollar while the russian

ruble managed to strengthen at the close of the session against the basket of currencies but that's after several sessions of losses. all right beijing is aiming to use its you one more in international trade so far it's trading with the hong kong and singapore in its national currency but it's now eyeing latin america and the middle east russia has also been trying to do the same or at least calling to do so and hong kong's financial secretary john saying told r.t. that the two countries can help each other. what is happening now is a great deal of trace element 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 may incur and that it's already happening i think we should expect to see a lot more.