of the association of european businesses in russia prime shop. and to other stories russian aircraft maker plans to sign its biggest foreign contract worth almost one billion dollars next week the company expects to confirm the sale of thirty super jets at a price of thirty one point seven million dollars the company from southeast asia next week on for air show in the united kingdom only assume c.e.o. said the company would supply the first three super jets this year. looking at the markets now european markets are mixed this hour london is trading next to negative while dax is gaining about a quarter of a percent barclays. puts you down two point two percent and diner is gaining almost over a percent in frankfurt here in russia equity markets i'm moderately up this hour the r.t.s. is over less than a percent and m i six is gaining around a less than a quarter of a percent most of the blue chips are trading in the black on the wires six north korea kills burbank and gas on top when there's a list gaining one point three and one point seven perce

seven european banks failed. if the worst-case scenario came to pass, they would not have the capital they need to survive. hypo real estate was the only german bank that did not survive. five regional banks in spain failed as well. deutsche bank topped the results before the german banks tested. commerzbank also did well. >> the results are surprising because they are along the same lines we have seen for a long time now. there is a rise in the average capital ratio in the german sector from 9% in 2008 to more than 10% in 2010. >> spanish banks would need around 1.8 billion euros to survive another credit crunch. the head of the central bank in spain emphasized that the stress tests were only an exercise and not a forecast. he said that regional banks saturday been restructured. the results have been met with widespread relief. they show european institutions are in good shape but it is to be seen how the news will affect the markets. >> we are putting a lot of stress on the stress tests. earlier, i spoke with t

without the euro, we can't forget the european soul and the european market. when you need a single market, you need a single currency and it's very important, otherwise when you don't have this, you cannot come out like what we had a few years ago. we cannot afford to lose the advantages of the euro. we have to use all our energy and political will now to get the job done while the window of opportunity is still open. the crisis can be defined as a crucial and specific part of the situation or a trimming point. in the case of the european union, there's two options that break apart and emerge from the crisis stronger than ever. in my speech the last sentence is i believe in the latter option. it's very difficult and complicated, and you see to bring all the 27 member states with different interests gives you only one example. for example, germany has about nearly 25 percent of the gross domestic product in manufacturing, in industry. great britain has about 60 and 70 percent and france has less. in london and united states have less, but the industry we have

it is because it's all about whether the european authorities and the european central bank in particularwill stay with the measures they need for post-race the support of the banking sector. or we will wait for oil and gas sector data from the us also g.d.p. data for the second quarter is going to come if the data is bad the federal reserve system may decide to inject additional liquidity in the market in this case you've continued support measures. i cannot tell you that was our correspondent outside the my six stock exchange in moscow let's have a look at the markets now they are six or edging up in the afternoon the country's top oil producer rose nifty is around one point seven percent higher forces after the russian government repeated plans to sell part of its stake also favorites russian joint venture which is rumored to be under the hammer. blow into the black in the last hour but smith kline is fooling reports it wants to. genzyme the former joint is a top loser on the foot almost two percent u.s. stock futures are also down suggesting wall street will open lower next hour. euro

we don't wait until european legislation or regulation coming up. we also have no brussels, no belgium, but european towns, towns in europe, trying to find one another and to press, to put pressure on mayors and regional ministers to commit themselves to invest in bicycle policies. so those towns can learn from one another. as i told you, brussels, i have found several similarities with the two towns i have been getting to know now yesterday and today. we have about one million inhabitants. brussels is 10 to 10 miles on distance and i agree with what has been told here that that is in favor of promoting cycling because the distances are never too long, although we also have a difference of height. i mean, like amsterdam is plat as a pancake we would say. brussels does have some, well, ups and downs. an important issue politically is that we have -- we are, in fact, giving big gross national product to the country, 20%, although we're only 10% of the population, but yet most workforce is coming from abroad, from flounders, from outs. so they are comi

european central bank. the free democratic party and the european parliament consider these proposals are going in the right direction. however, in the view of the european parliament they do not go far enough. it one more reform -- they once more reform as outlined. however, the member states only one to limit this new authority to the rating agencies. the negotiation has been difficult and they are still ongoing. with regard to banks, we ask the following. banks must be able to not go bankrupt. if they did not constitute a systemic risk. reckless risk-taking must be punished. otherwise we had a moral hazard. banks should be prepared for crisis situations with emergency plans which would also enable the >> separation of certain parts of the banks. -- which also enabled the quake separation. there needs to be more long-term oriented and be transparent. risk-management needs to be improved. off-balance sheet activities should be limited. banks should follow their business models. a bank that specializes in s

but the european union argo's a state bankruptcy have been left out for good reason. they insist it is virtually impossible. nonetheless, critics say those who devised the exam should be sent back to school. they claim the tests are so easy that no bank can possibly fail. they questioned the effectiveness and reliability of such assessments. formerly, a bank tests repasses the tests if it has enough reserves, at least 6% of its loans. that is what the examiners believed to be sufficient security. but unlikenchl,a ba fails the tt,ca creasingts reserves ea krup>> i a these eecvet inhe.s requirement for isishe really itoueion is emple, aun capilosio tsh t rul own opio. immiaord e nko tt hpsthese tes at clr quemtreisc d eed t imareare caedheris t fhe ol luanto ge f inceinteseauorie emt ssle twnmeuanth t penalroem erin ahoti, ia anth isss. cotrs? itouls ar lireasons rns to support nk ev tug a onomic perspective they may not be viable. , ty might rather keep more ntrol over rather than giving control to an internationa wod keutheolitical connections. >> thank you very much.

. >> of course, we know that we won't have european standard in afghanistan. our goal is to have a country that can ensure adequate security, and from which no terror threat can emerge from either against it for us. >> berlin once moderate members of the taliban to be drawn into afghan politics. the 600-million euro program is to offer incentives for concerts and to lay down weapons. critics say corruption must also be tackled. >> if nothing happened -- those things in the international community in half and a vermont was permitted to do it, so they are a lot playing with each other, they are cheating with each other -- >> improving the economy is also a growing prepared which more aid focused on building prospects for the afghan people after foign troops have lt thcountry. >>ere in germany a court has handed down jail terms to two men for supporting al qaeda. the court in the western city of koblenz sentenced a 32-year-old turkish citizens to six years in prison for being a member of the terror network, undertaken training and a militant camp and providing fi

european countries there are a dangerous precedent for separatist movements all around the world. cultural capital. the scene for talks between. political and economic ties and cultural programs celebrating the best of both russia and italy. also the popular ukrainian holiday resort is also a thriving hub for human trafficking with many sex slaves being shipped from export to other countries. well those were the headlines kevin owens will be here in about half an hour's time up next though it's our debate show and the host people of l. is asking his guests whether plants in some western countries to ban muslim face veils is an issue of women's rights tolerance cross-talk is next right here on r.t. thank you for watching. if you can. follow me and welcome to cross talk i'm peter lavelle to ban or not to ban discussion continues with a muslim woman should be barred from appearing in public with their faces veiled is this debate about religion or a test of tolerance. to. discuss the ban on islamic face covering garments i'm joined by mariam friends was soraya in london she's a franco

and some european countries there are fears it sets a dangerous precedent for separatist movements around the world. the popular ukrainian holiday resort of address is also a thriving hope for human trafficking many sex slaves being shipped to its ports to other countries. and rich nations are being urged to provide more funding to come back aids as an international conference on the disease starts to wrap up in vienna thousands have rallied in the city accusing us of allowing big pharmaceutical companies to push up prices for aids medicine. there is the headlines of the next dog abate show host to peter lavelle asks his guests whether the plans in some western countries to ban face covering islamic veils is an issue of women's rights or intolerance cross-talk is next here naughty. if. you. continue. to. follow and welcome to cross talk i'm peter lavelle to ban or not to ban discussion continues whether muslim woman should be barred from appearing in public with their faces veiled is this debate about religion or a test of tolerance. to. discuss the ban on islamic face covering garments i

and some european countries but are fears it sets a dangerous precedent for separatist movements around the. cultural capital and sets the scene for talks between the two would rather than silvio berlusconi on political and economic ties other cultural program celebrating the best of both russia and eastern. darts he reveals how the popular ukrainian holiday resort of a desk there is the thriving hub for human trafficking with many sex slaves being shipped from its ports to other countries. but makes an r.t. tonight's our debate show host people of all us is guess whether plans in some western countries to ban face covering islamic veils is an issue of women's rights or intolerance cross talk just ahead tonight. it is. a lonely and welcome to cross talk computor lavelle to ban or not to ban discussion continues with a muslim woman should be barred from appearing in public with their faces veiled is this debate about religion or a test of tolerance. to. discuss the ban on islamic face covering garments i'm joined by merriam friends was soraya in london she's a franco british writer and o

it despite much of what we hear it's actually symbolic for more variety we're looking at an aging european society which is increasingly diverse and diverse in its values and outlooks in that asian context we are also faced with a deep economic crisis and we find that a lot of the debates that are arising across europe issues of over issues of national identity so in france is this has been a big issue increasingly in the u.k. also this has become an issue what the budget does it manages to bring together three of the main issues that of forefront of the european political map these are the three main concerns in europe at the moment they are terrorism immigration and islam and this bunker if you like manages to symbolize all of these in one go and therefore in many ways is being instrumental lies by politicians who don't necessarily have very efficient solutions to the real economic problems that we're facing to the real political issues that we're facing and they manage to detract attention from these very real issues through a cheap populism disguised as a concern for concern for securi

new territory simply to get their first taste of european football it seems to reach the. bitter exit married donna says he feels betrayed after losing the job as argentina coach. and match the medals russia has asked me to name from all glory on day three of the european athletics championships. which start with football though where russian side f.c. sabir are getting their third states of european football today and are taking on a pall on the missile in the third qualifying round at the europa league in siberia . mota to the russian premier league last season even got them to the russian cup final and although they lost against an eight it's still in them a shot at the europa league but they will have to find form against a cypriot side who are also new to the european stage to be a second birth of the russian premier. to liverpool also in action in the third qualifying round a new manager roy hodgson is hoping to get his reign off to a winning start in macedonia when his side take on the king but despite liverpool being firm favorites fortune's says it's a tough tough

the report card on european banks is out, and most of them passed the test. susie, 91 institutions went through the stress tests, and only seven failed. >> susie: that news boosted investor confidence, tom, and stocks on wall street rose across the board. investors were relieved that most european banks are in good financial shape. >> tom: but despite the passing grades, there are still questions tonight about the credibility and methodology of the tests. scott gurvey reports. >> reporter: the 91 banks tested by european regulators represent 65% of the total assets of the e.u. banking sector as a whole. the test required the banks to assume a severe economic downturn, and then measured to see if they could still meet capital requirements. regulators from 20 countries designed the tests and many of the details remain secret. one german bank failed, hypo real estate holding a.g. a second, atebank, is in greece. five banks in spain failed the test, but there were no failures in any other country. scott macdonald of aladdin capital, says the results were much bet

billion dollars thousand times almost less than what the exposure is for european banks they will be punished the russian bank itself will be punished but it probably will be punished and justifiably so do if you do see that negative reaction in the financials and you do see russian banks fall in with them in factories and other buying opportunity of russian financials. tom not have a look at the number of an asian stock market a slightly high on monday later to buy a new three games on relief over the european bank stress tests in japan stocks the rising optimism the domestic. oil exporters of both as close as we feel then talent is up two point two percent honda rose one point four cents hong kong was all sector stocks that also paid for the advanced. stocks here in moscow how to make day on friday financials look how and why those stress results of european banks be in private hands exam more than one party with a big day of mine is a real stand off one from great extent although of course the government may take the stage and mitchell game one point six percent for a second quart

banks oh that's right seven out of ninety one european banks failed their health checks designed to assess banks ability to survive future economic shocks while waiting for the markets verdict and analysts expect the effect also be felt here in russia we'll tell you why a bit later in the program but first this hour b.p. is chief executive tony hayward. it is due to step down later on monday he's likely to be replaced by robert dudley who is the company's man in charge of tackling the gulf of mexico oil disaster b.p.'s board is scheduled to meet on monday ahead of announcing its second quarter results among other things is expected to discuss the timing of payroll exit in battle chief executives being widely criticized over the gulf of mexico spill which is lost the company forty percent of its market capitalization as the man tipped to take over overall but dudley has more than thirty years experience in the oil industry including five years as c.e.o. b.p.'s russian and joint venture to link a b.p. he left in two thousand and eight after a shareholders conflict. now the much antici

european countries durfy is a dangerous precedent for separatist movements all around the world. also the most popular ukrainian holiday resort of all is also worth a try being held for human trafficking with many sex slaves being shipped from its ports to other countries. well those are the headlines up next our debate show host of peter lavelle whether western countries to ban face covering islamic veils as an issue of women's rights or intolerance is next right here on r.t. . came. along and welcome to cross talk i'm peter lavelle to ban or not to ban discussion continues with a muslim woman should be barred from appearing in public with their faces veiled is this debate about religion or a test of tolerance. and you can. discuss the ban on islamic face covering garments i'm joined by merriam friends was soraya in london she's a franco british writer and oxford university islamic society media executive see him in paris and she's the president of the organization translated into english as neither whores nor submissives and in new york we cross to mona el to how we an award wi

also, the war raise about the european and the euro area -- worries about the european and the euro area after the downgrade of ireland and worries about the financial side wishing in hungary, dragging the year rose slightly down. >> let us get a quick look at the numbers for you and see how the numbers stood at the end of the. the dax ended the session by about a half a percent lower at 6009, euro stoxx 50 was also down by about half a percent. take it over to wall street, afternoon trading just before the closing bell, the dow up by half a percent at 10,001 of the 54 and the euro going for 1.2942 u.s. cents. if you watching the executives from boeing and airbus this week, you would probably think things are looking up for the aviation industry, and you are right. on monday both aircraft makers racked up billions of dollars of deals at the international air show. we have more. >> farnborough off to another impressive start with the airbus circling among investors. down below the cboe was signing off on deals with american client. two american leasing companies ordered a total of 111 air

have been playing european football for the first time today in the europa league qualifiers how they got on plus the rest of the football that's next. hello and welcome to the sports news here for wanting in moscow and these are the headlines winning start a superior. to take a first leg advantage in the europa league qualifier. wildly to exit maradona says he feels betrayed after losing the job so argentina coach. and medal hunt russia's athletes aim for more glory on day three of the european after six championships. and to kick off with football where russian side sudan made a good start in their first taste of european football as they beat us all one nil in siberia in the qualifying round of the europa league alexis. seventy four minutes a subpoena came to the home and i think that the secret side the return leg is that live us all on the first day the fifth forecast meanwhile liverpool are also in action later in the third qualifying round comes the manager roy hodgson is fighting to get his reign off to a winning starting macedonia and decided to take on. but despite liverpool

for medals rushes out please aim for more glory on day three of the european athletics championships. we start with football though where russian side f.c. syberia getting their first taste of european football today and are taking on a pall on them a soul in the third qualifying round of the europa league in siberia you go. to the russian premier league last season he then got them to the russian cup final and although they lost against the need it still in them a shot at the europa league but they will have to find four make into the cypriot side but we're also new to the european stage so big curry lie second bottom in the russian premier league. third qualifying round a new manager roy hodgson is hoping to get his brain off to a winning start in macedonia when his side take on. but despite liverpool being firm favorites hodson says it's a tough task. we're having some technical problems here so i'll move on anyway your ventus will be on i'm familiar surroundings in cells they play shamrock rovers in dublin and they're hoping they can catch the italian giant skull with the serious

now in other news the european bank of reconstruction development is in talks about a ten percent stakein the russian r.t.s. stock market is buying a stake from kit finance the bank which was an early victim of the financial crisis e.b. r.d. plans to make the purchase with an undisclosed russian state bank the stakes estimated to be worth eighty million dollars if the ologies says it aims to improve standards in russia's stock market the finance ministry is planning russia's and biggest asset sales since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer ross enough to power generators hydro and top lenders spare bank the government could keep fifty percent plus one share of these partially listed companies in malay to sell stakes and a list of companies by russia's rail operate it. but your update for now my colleague daniel bushell we head next hour to go through the business news the rest of the day in the meantime you can alwa

populism because in many ways it really is an affront to the very values that are at the core of european identity things like freedom of conscience freedom of religion that are so very essential if you see an identity and we have fought so hard to achieve and maintain here ok mona from go do you do green was a cheap populism. i think this is much more a result of silence what we've seen in in europe happening over the past few decades is basically the liberal camp being totally silent about those issues that are important what does it mean to be european today what does it mean to be muslim and european today and in this silence they have forgotten something else that we all of us who live in the west and that we enjoy after decades of fighting for as well and that is women's choice and women's freedom and in remaining silent what they've done is they've allowed the political right wing which is then a phobic and racist to basically seize the ground and dictate the debate but in this silence the liberal campus also armed the right wing on the muslim side what i call the muslim right wing

the budget does it manages to bring together three of the main issues that of full front of the european political map these are the three main concerns in europe at the moment they are terrorism immigration and islam and this bunker if you like manages to symbolize all of these in one go and therefore in many ways is being instrumental lies by politicians who don't necessarily have very efficient solutions to the real economic problems that we're facing to the real political issues that we're facing and they manage to detract attention from these very real issues through a cheap populism disguised as a concern for concern for security and women's rights but it really is nothing more than cheap populism because in many ways it really is an affront to the very values that are at the core of european identity things like freedom of conscience freedom of religion that are so very essential if you see an identity and we have fought so hard to achieve and maintain ok mona from go do you do you agree with the g. populism. i think this is much more a result of silence what we've seen in in euro

are the issues so i fight for the bad i am supported from by women from european and arab big country who are today. denouncing the it's in syria is a ban and in is due to ban already in the university the niqab i don't understand why in europe you can have a statement who say the right of a monthly patient for all of the girls who are growing in europe and the right to say we're not listening to my baby for two for example right all right we're going to get you scare you don't really care that much the first is the first we're going to have to go to a break and we'll continue our discussion on the burqa ban when we get back stay with. you. started after. last it's nice to see. you soon but. there's. not. wealthy british style. time right on. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report on r.g.p. . and you. want to. welcome back across time here a little remind you we're discussing whether wearing the burka in public should be banned. and. but before let's

everyone if they say it in every european tribune so that all the e.u. leaders can reach a consensus. it draws them. that. second channel till. i knew. mr berlusconi. government is going to become a partner and i wouldn't izing the russian economy with the participation of a number of italian problem. telling companies but i miss home i am going to participate in this process or i will go to. a listers to work. relations. so in which areas should participate what you think it telling companies are our major partners at this moment they are working very appears. at the minute but i'm not in not just an energy in oil and gas fears but industrial supply new industry as well and we've accumulated a certain experience in the way it has been positive so far there have been difficulties of course there unavoidable when we talk about the future it's especially important to us that italian companies take part in some of the high technology. of industries but i have formulated five so-called. modernization priorities but they are issues related to creating new pha

european sports is a big driver for premium. normal, national tv viewing, telling broadcasters -- telebroadcasters are a significant force. >> beyond the boundaries of their own countries? >> particularly within their own countries. companies like bbc are multi- billion dollar companies with strong, quality programming, and their own quality facilities. are typically good for about half of the tv -- teach what are typically good for about half of the tv viewing within -- they are typically good for about half of the tv viewing within that country. in that environment, we are trying to build up the premium tv service. >> in the history of your business in europe, in the broadest sense, satellite got a leg up before cable. now, the telephone companies are getting into a video distribution. what is the most robust communication for your operators? >> cable. what do you think? it is the most robust. >> who is the most robust competitor? >> sorry. i did not understand your question. satellite is still a strong competitor in places li

and the european bank of reconstruction and development is in talk to buy a ten percent stake in the russian stock market is buying the stake from kit finance a bank which was an only victim of the financial crisis even all the plans to make the purchase with an undisclosed russian state lender the stakes estimated to be worth eighty million dollars. as it aims to improve standards on russian stock markets. rosy move prices have boosted russia's budget revenues the state budget to one hundred twenty two billion dollars from the first half of the year up thirty percent from the same period of two thousand and nine the low in share represents tax payments on oil and gas production. or to make it gas has shot its factory in nizhni novgorod for a fortnight claiming the brick would heat the vulgar producers sending thousands of workers on paid leave after a month of temperatures topping thirty degrees celsius the company is owned by tycoon ali pascoe. that's it for me you can find more stories on our website dot com slash business. right. from the studio pressure. starts on t.v. dot com.

and many european countries have praised the move but moscow says it sets a dangerous precedent still wants dialogue between serbia and kosovo well great argues the court only focused on the declaration and said nothing about the legality of. also kosovo as of the independence day so be it claims of course of succession in two thousand and eight violated territorial integrity and has pledged to step up its diplomatic efforts to stop countries recognize in kosovo journalist of the story and then a voice spoke to us and says there are several reasons why costs of a cannot be called they depend state it's pretty much a death sentence for international law this is a textbook case of a clear violation of both the un resolution twelve forty four and all the accepted norms of international law on asli was expecting a more nuanced decision along the lines of it was illegal but it doesn't matter i quite honestly didn't expect the world court to take such a directly pro-american position to be perfectly honest kosovo is a much independent does manchukuo vichy france was in world war two it's a

and many european countries have praised the decision although it isn't binding but moscow says it sets a dangerous precedent and still wants dialogue between serbia and kosovo to resolve the differences of the un's highest court in the hague said thursday that the declaration of sovereignty had not violated any international law however belgrade argues the court only focused on the declaration and said nothing about the legality of kosovo as an independent state claims that kosovo succession in february two thousand and eight violated its territorial integrity journalist and historian says there are several reasons why kosovo could not be called an independent state. it's pretty much a death sentence for international law this is a textbook case of. clear violation of both the un resolution twelve forty four and all the accepted norms of international law. honestly was expecting a more nuanced decision along the lines of it was illegal but it doesn't matter i quite honestly didn't expect the world court to take such a directly pro-american position to be perfectly honest course i'm alw

also put downward pressure on european stocks today. inrankfurt, the dax index closed about 1% lower. the euro stoxx 50 index of leading eurozone blbl-chip stocks was down about 0.33%. in new york, stocks snapped their seven-day winning streak and had the better than expected u.s. jobs data. the dow industrials closed down at about two-thirds of a percent. on the currency markets, the dollar is trading - the roo i trading at $1.3903. -- the euro is trading at $1.3903. >>> is being called a poor stock debut for the agricultural bank of china, rising less than 1% on the first day of trading. investors had hoped for a skyrocketing ipo, and now they're offering. but now they're looking for a better performance on friday. >> the bank of the gong, agricultural china made its debut in shanghai. but the bank failed to make a big splash in early trading, gaining 0.8%. the banks ipo comes after the worst quarter shanghai has seen it in two years. >> there is a lot of uncertainty on the stock market because of difficult marketonditions. th publi l

russia topped the medals table this morning at the european athletics championships that after a five which saw them pick up five medals the latest medal is in the women's ten thousand meters reigning champion. people fail to defend their title but picked up a silver just behind this idea of an abrogation ticket to go down to the packer he maintained a comfortable lead frank to commission thirty one minutes and ten seconds before jessica pankaj. thanh just before that was not the medal for russia in the women's long jump all the strength that leaping six meters in a four centimeters needed on the track of that field that in portuguese nago made both that six point nine two but the victory was given to the latvian as she had a long jump into the second attempt. was the medals russia started mourning for russia with all that nice going to leading russia to a one two three in the women's twenty kilometer walk a couple of their rivals couldn't make it to the finish that included local favorite rated vasco the spaniard pulling out with a hamstring but the limping champion can ease in a str

and the european bank of reconstruction and development is in talks to buy a ten percent stake in the russian stock market is buying the state from kit finance a bank which was an early victim of the financial crisis. the plans to make the purchase with an undisclosed russian state lend the states estimated to be worth eighty million dollars. to improve standards on russia's stock market. rising oil prices have boosted russia's budget revenues the state budget to one hundred twenty two billion dollars from the first half of the year that's up thirty percent from the same period of two thousand and nine the low in share represents tax payments on oil and gas production. and daughter make again as has shot its factory in nizhni novgorod for a fortnight claiming the record heat produces sending thousands of workers on paid leave after a month of temperatures topping thirty degrees centigrade become police owned by tycoon pascal. there's that for me you can find more stories on our web site that's at the dot com slash business. let me. be me he. met my son. in law law. a . wealthy british

so clear in moscow had a mixed day on friday financials were cowed by those stress results of european banks and spared more than one but it was a big day for mine is the real fitted up one point three percent on the porch the government may take a stake michael gained one point eight one from six percent after forty two profits jumped two hundred twenty percent year on year compared. looking at announcing an i.p.o. honest business a lower import tariffs for steel products higher taxes for fairest metal producers and their more transparent pricing policy russia's big steel consumers want the government to take action against the way the steel industry does business and is a grand gathering of producers and consumers and this is the weekend it seems prime minister putin was happy to oblige. reports. let me put in regrets that his comments about metals pricing policy two years ago led to twenty percent drop in its share price but he clearly wasn't sorry about any other thank you may have had this time prime minister held up mitchell as an example for others to follow he said the company

billion dollars thousand times almost less than what they suppose is for european banks they will be punished the russian banking stocks will be punished but it probably will be punished and justifiably so do if you do see that negative reaction in the financials and you do see russian banks fall in with them and in fact creates another buying opportunity of russian financials. the stock markets here in moscow had a mixed day on friday financials look held by those stressed result of european banks p.t.b. and more than one percent but it was a big day for miners no real cynical ended up one point three percent reports the government may take a stake michel one point six percent of the quarter to profit jumped to constant twenty percent year over year. is looking at announcing an initial public offering on its final business. president medvedev appears to have revised russia's economic growth forecast for this year lost as leader made the announcement at a news conference with italian prime minister silvio berlusconi in milan last month the government was still predicting a growth rat

european commission of energy have been asking us says russia will gain as european producers coptic gas output domestic production it covers a quarter of europe's gas supply he said ukraine and belarus will remain key transit route even with the launch of the north and south projects. and that's over the business team for now but i'll be back with more updates for you in about an hour's time and you can always find most stories on our website that's r.t. to flash with. every month we give you the future we help you understand how to get there and want to. invest in science and technology from across russia and around the world. join us technology update on r g. b o here in the russian capital this is your headlines no forest fires rage and russia killing at least twenty five people in the. homes have been destroyed and thousands of those struggled to stop the flames spreading from. emergency crews worked around the clock in china to recover thousands of barrels of highly explosive chemicals before they reached russia trying. to pose any threat to. living in fear many keeping some be

she usually by by german neighbors in europe but in fact what is going on european union. it is in this serious confusion future development and the model of integration is not. clear yet which are mortal saw germany is forced to take elite and it's not because germany wants but bad situation is this pushing germany to be the shit position and its very nature of that russia and germany are trying to discuss the whole range of issues not all the core there but also security and another security issue that came up particular questions afterwards was of course the if you have to ran i do think that russia and germany have a similar approach to that house it looks like russian position is the almost similar to digital similar to the european one and almost similar to the american one so present it if many times recently. russia is very much concerned about their own importance and we see that russia not only endorsed sanctions in the security council but also is ready to continue to discuss peacefully russia again is not is not in favor of saying she. is a mean but it looks li

eighty tons it involves a big number of program participants including the united states canada european countries belonging to the european space agency and japan and the station is being used as a big scientific laboratory for though it is a prime example of international cooperation now the roots of the station stem from the apollo soyuz program thirty five years ago when two rival space programs of the u.s. and soviet union integrated technology for the first time twenty years later russia and the u.s. expanded on that shared experience with the goal of creating a permanent space presence. we've done a lot with in the mir shuttle program which was the ancestor of the international space station we work hard to write similar news operation of both the orbital street in preparation for the launch remember those years the most interesting period of strenuous work which finally did to this great result during the link up there were no hiccups ensure everything went smoothly. this is the mark up of the capsule which is where astronauts and cosmonauts come to train at star city who are tra

now let's have a quick look at how the markets are doing a european shares are making a modest gains on friday on the footsie gains in mind as being counted by weakness in banks after a decent performance in the previous session the banking sector is now treating even the results from european stress tests are not due out until after the close of play and. here in moscow the markets are higher this hour on what is proving to be a choppy trading day so far banks continue to weigh on the my sex is the worst performing breach up there more than half of the center left is outperforming up one point eight percent this hour. the world's top producer roussel has restarted operations at that aluminum plant in jamaica it was put on hold in two thousand and nine due to the economic crisis and falling demand for aluminum the plant is reopening six months earlier than expected in a further sign of recovery in the global metals market resource revenues rose by about thirty percent in the first quarter to which more than two point three billion dollars. and exit exams for european banks are nearly

go for the reigning world and european champion while break martin burnett to cross. over to motor sports and make a head of money and has clocked the fosse the style in the shakedown for the rally a fan months before dr who. his home with last year needed just two minutes and two point two seconds to complete the task track however that was just one town for a second we could then teammate and compadres very much involved and reigning champions to boston of france in obviously try and drive us to boston and oceana was one tenth of a second for the back oh she is currently second overall fifty one winds behind you to finish to your reply third and fourth spots. all to golf now and the alabama boys stage junior championship where teenager bobby wired carded a fortune on the par fifty seven thought to be a new world record wide showing no signs of disappointment after losing in the first round at last week's it was june i am a tear the alabama native shooting a nine on their twenty six on the front nine and he then reached a remarkable fourteen on the ball when his spot

elsewhere on thursday night five time european champions liverpool have won forty in the europa league after and go scored in each half to get a much changed reds team to know when it macedonian side in the first leg of their qualifier and leave of course manager one hodgson was pleased with the result of his first competitive game in charge. they are very satisfied i think it was. a game which could have been very difficult force within the for the fantastic four . for the very place supported the team quite good and leave twelve again. it's a big crowd and some of the players played today or used to play for the prequel to the fish too much is. very pleased with the way i want to build a business who plays the course that we can go back to who with. a margin of victory which would enable us to. be more comfortable with it have we lost or draw here. and there is also a first in best of game in charge of the new manager if you then test as we meant trying to comfortable to know when the shamrock rovers in dublin brazilian striker ameri was movies here right just three minutes in after

european dream zealots are up against remaining inside a rare but one foot in the champions league. while walk of fame russians stanislav generally are not strolls to glory on the opening day of the european four six championships. and qualify to the games london marks two years to go before the start of the twenty twelve summer olympics. and we start with athletics where russia took the first gold medal at the european championships a stanislav year old young of won the men's twenty kilometer walk in barcelona he came home in one hour twenty minutes and ten seconds that was twenty eight seconds ahead of italian alex schweitzer while these yera took the bronze another russian under a clear vault finish sixth and there's a further chance of gold for russia in the women's event on wednesday the world and then pick champion comiskey sponsored by many to win it. football and the third qualifying round of the champions league residence and petersburg are in romania taking on cheney as their china spy let east side and to reach european football's top flight. and the score. will the hump

belgrade in february two thousand and eight after un brokered negotiations failed the us and most european nations recognize the move but serbia backed by russia and china called it a violation of its territorial integrity because of a previously been administered by the un following the nato bombing campaign against serbia in one thousand nine hundred nine when i'm now joined by. a foreign policy at a serbian public t.v. thanks very much indeed for joining us now that the hague ruling has no legal power so just how important is this. well what happened in the hague today it was very interesting because the court actually decided that the scope of their decision is much narrower than we thought. we saw this question as a question on whether costs or can be a sovereign state or not or whether it can bridge the sovereignty of serbia and the court decided that they will only give their opinion advisory opinion on the piece of paper that was drafted by a group of people sitting in the assembly of course of zero and that piece of paper according to their ruling is breach of the international la

athletics now in russia have won their third gold medal on day three of the european championships in barcelona and the team now tops the overall table with ten medals acts on the show stop playing to the top honors in the men's high jump the best quite a season to date is thirty three centimeters so well in a rush to call the great world and european indoor champions after the bombs. you handed me successfully defended his title in the men's fifty kilometer hook thirty two year old went the distance in a time of three hours forty minutes and thirty seven seconds to add to his two thousand and six title challenge but a gorgeous pseudo came in behind the frenchman for the silver medal in question set a backroom in rounded off the podium securing bronze. on the goal from the alabama boys stage today a championship where seventeen year old bobby wyatt carded a fourteen under par fifty seven thought to be a new world record while lost in the first round of last week's us junior amateur championship but this time the alabama native shot a nine on the part twenty six on the front nine and t