. >> across the continent to hungary where the economy is not looking better, either. on monday the imf and european union broke off talks of the country's bailout package, saying hungry need to cut spending more. >> hungary's economy is in the doldrums. over the past two years many have lost dropped and default on mortgage payments. taxes have been raised as part of the government's austerity drive. making matters worse for of the ca-strapped population. thglob financialrisi almost brought the economy to a breaking point. in 2004, hungary registered 4% growth but then the economy nosedived from a shrinking dramatically in 2009. the current government in budapest this as further savings are not acceptable and is now trying to raise funds by implementing a bank levy instead. in a television interview, economy minister said the bank levy will prove to be a hard sell with the eu and imf but that hungary will continue talks. whatever strategy, its budget deficit must fall to a maximum 3% if it wants to join the eurozone as planned in 2011. >> ireland and hungary were non-

[applause] >> we have the general counsel of ireland, germany, hungary, the russian federation, alsolso the consul of gillette -- chile and peru. [applause] >> i would like to call-up the mayor's deputy chief of staff. [applause] >> [speaking spanish] i want to welcome all of you here. [speaking spanish] hopefully you are enjoying yourself. i am here on behalf of mayor newsom. -- newsom. september and october are important times for us. this allows us to celebrate our culture and show the rest of the community here in san francisco what makes us so special. this is a great opportunity for all of us and many of you have exciting events happening. we are glad to have you with us tonight. i have that great opportunity to present one of our proclamations' this evening to mr. juan gonzales. he has been a pioneer in hispanic journalism. he works for the oldest bilingual newspaper in the bay area. we have a proclamation from mayor newsom. if mr. gonzalez can come

be gaining a bit more energy today and bringing heavy bouts of rain to southern poland as well as hungaryooding is not out of the question here. the ground is quite saturated. and also the system continues to bring in a lot of hot air from the eastern mediterranean. so even though there is rain on the cards it's going to be hot again in kiev. 28 degrees. and 38 degrees in moscow as well. and many areas in western russia still dealing with heat wave conditions too. now, another hot spot is going to be the iberian peninsula. spain and portugal dealing with extreme heat. in fact, let's take a look at some footage coming out of spain. this is taken from the north of the country and galicia you can see many people made it out to the beach enjoying the sun and swim. and this is in the south of the country in seville now. the temperature made it to 45 degrees celsius yesterday. people sought for different ways to cool down. hats and fans were out, and ice cream was selling fast as well. well, it looks like the heat is going to continue today, on wednesday.ave heat advisories ie for many of you i

good performance from the team and hopefully next week in hungary we can do our i want to we can muster are scoring some strong points for the team are staying on the track ok renzo has won moto g.p. as he was probably three it was his sixth victory in. races this year and extends the three to seventeen points in the championship a spaniard came home three and a half seconds faster than his nearest rival casey stoner on defending world champion valentino rossi finished third despite still racing with a broken leg. i make i was just out but suddenly they they were taking me so quick . and i understand why but. i found myself in the four position so. i tried to do it big enough but she will be. and then i put in the position i. make a mistake or you with him and danny was biggest or are they pushing social much and i knew that if if i keep pushing like him maybe he can make a mistake and at the end he made it and then it was much easier to do the end cycling now and alberto contador says he is relieved to have won the tour de france the spaniard won the race for the sir time in four years

slovaks living in russia the legion is what to fight on the side of the russian army against austria hungary and germany immediately after the nine hundred seventeen revolution the czech slovak legion gave support to the point movement in russia against the bolsheviks but equally janeiro's wanted was to get back to their home country these pictures from the colors of the military institute in prague they tell the story of the czechoslovak legions journey by rail from samoa to volleyball stuck in the country's east the gold train floor is the same route. just a lot actually koslow x. fought in a special sector of the front porch when admiral cole chuck seized power they took a neutral position and now they wanted to achieve their initial goal the aim was to get to let us talk with the intention of returning to europe this means that nobody but admiral cole charke had access to the gold reserve. the n.t. based should be government formed in siberia in live aid but no it's made team named alexander culture russia's head of state and supreme commander in chief of the home force of the whites mov

good performance from the team and hopefully next week in hungary we can do all that we can muster scoring some strong points for the team or stay on the track where the reins i was one making us grand prix this was the sixty eight races this year and extends his knee to seventeen points in the championship and coming home three and a half seconds faster than his nearest rival cases by the fending world champion rossi finished despite still facing the right way i just out but suddenly they overtake me so quick. and i understand. right but i found myself in the foot position so. i try to do it because i'm not but you will be. and then i. make a mistake. and that he was big you so far that pushes social much and i knew that if you. keep pushing like him maybe he can make a mistake and at the end he maybe. it was much easier to be as easy as a great last round of golf for sweden's call pederson when the canadian open he started the four shots behind american dean wilson but just the end a single shot victory for patterson he shot six thirty tonight with a not even allowed him the luxury of a

alonso i retained him however the brazilian seems unfazed by the controversy this raring to go in hungary. definitely looking for two to achieve a good result you know to to present myself to that goal. was in the hospital you know when i arrived in a difficult condition you know just to show how i am now you know and. so thinking about a nice feeling but also a good result which is the most important thing. and in the meantime the fourth wall street basketball cup gets underway in moscow on thursday and the event will see eighteen teams competing over three days all trying to destroy the reigning champions ukraine after winning the first two tournament's russia will be looking to win back their crown and then the neighbors the teams are made up of professionals rather a mix of university students and imus's the sport has really taken off in russia and especially in moscow over the last few years with an estimated ten thousand people playing the game in the russian capital and as the president of the country's street basketball association says this is down to the sport's dynamism. groome

do you know if you know about these good performance from the theme and hope for the next week in hungary week and i would. go to. now about to go into the has done it again the twenty seven year old the securing his second straight out third overall victory in that so the frogs and just as usual sunday's final stage of the failed to paris with a traditional finish shells that exact the stage when mark cavendish a history of his yap without a scientific talk and julian dean clenching the rest of the podium spots the day of those thanks united secondly though and that meanwhile was in the hall thought to finish comfortably in the peloton and retain the yellow jersey. so here is the final standings russia. is on to his number three spot the rabobank privacy during a top three finish thanks to a solid performance in the penultimate time trial the day before meanwhile she had come second for a second year in a row and it was also a loss to the france four seven time champion lance armstrong. now instead of a goal of surprise the odds by winning the gemini open in hamburg and beating some of i

can be soon or do anything about this i would performance from the team and hopefully next week in hungary we can do our i want to we can as well been scoring some strong points for the team staying on the track and jorge lorenzo has one mo to g.p.s. us from pre the last. victory in eight races this year extends his lead to seventy two points in the championship the spaniard came home three and a half seconds faster than his nearest rival casey stoner defending world champion valentino rossi despite still racing for the breakaway. i make i would start but suddenly they they overtake me so weak by the outside and i don't understand. why but i found myself in the foot position so. i tried to do it they got enough but she will be. and then i put in that position i. make a mistake i would take him and then that he was big you saw how are they pushing social much and i knew that if if i keep pushing him maybe he can make a mistake and at the end he made it and then it was much easier to do the end. football now and the russian premier league where taste missed the chance to go second after slip

one or two and if you know about these good performance from the team and hopefully next week in hungary we can. score in some strong points for the team. has won us grand prix in moto g.p. extending his name to seventeen points there this was in sixth train eight races on the circuit this year at spain came home three and a half seconds faster than his nearest rival case of stoner what defending world champion valentino rossi faced despite still racing in that. i make a start but suddenly they they were taking me so quick by the outside and i didn't understand. why but i found myself in the foot position so. i tried to do it big enough but she will be. and then i put in that position i. make a mistake you would take him and then down he was big you saw tired of it pushing the social much and i knew that if if i keep pushing him maybe he can make a mistake and at the end he made it and then it was much easier to do the end. now finally we end with tennis where the unseeded beat the odds to win the german open in hand beating some of the top seeds in the process the twenty three year old

good performance from the team and hopefully next week in hungary we can i would we can scorn some strong points for the team or stay on the track where again arraigned so has won my thinking for us grand prix this was the sixty eight races this year and extends his lead to seventeen points in the championship the spaniard coming home three and a half seconds faster than his nearest rival casey stoner by the family world champion valentino rossi finished the spice to the right way. i may go with the start but suddenly they they were taking me so quick by the outside and i didn't understand why but i found myself in the foot position so. i tried to do it they got enough but she was. and then i put in that position i. make a mistake you're with him and then danny was big you saw out of the bush in a social march and i knew that if you fail keep pushing like him maybe he can make a mistake and at the end he made it and then it was much easier to to the end as easy as that now a great last round of golf source weakness call pederson win the canadian open he started the day four shots behind a

what do you know if you know about these i will performance from the team and hopefully next week in hungarywe can i will do we can as well have been scoring some strong points for the team. now that's a cool don has done it again they twenty seven year old also now ride to securing his second straight and said korea victory in the two to france just as usual sunday's final stage brought the field to paris with a traditional finish on the shells a stage when it went to mark cavendish without a sound of the clock and julian dean clinching the rest of the podium spots on the day and while cool to those thirty nine second they do and dish neck was more than enough to finish comfortably in the peloton and retain the yellow jersey. so here is the final standings the russians did held on to his number three spot the bank rivals securing a top three finish thanks to a solid performance in the penultimate time trial the day before and while she had come second for the second year in a row and it was also a loss to the seven time champion lance armstrong. around so will once again at the front of the

energy stocks are rising as the price of the black gold holds near seventy six dollars a barrel hungary's debt is topping economic headlines prompting investors to look for safe bets like gold but usually her with ease but russia is resisting the pressure so far the earning season in full swing in the united states will continue to dominate sentiment over the coming days but the results of the stress test of european banks will also be a factor. and europe european shares a quite upbeat in early trade that this point a downgrade of ireland sovereign bond rating by moody's on monday b.p. is shedding value on concerns the cap on the leaking oil well in the gulf of mexico is not as effective a first thought. of signed a detailed preliminary agreement on the gas pipeline that there is a technical roadmap of how the two countries will move forward the next step will be to set up a joint company to study the feasibility of the project paper provide the details for a legally binding contract from the developing gulf stream to void and the return to route the russian gas to europe its main partne

europe shares remain low off the troubled euro zone member hungary. bucking the trend for a second day as metals prices rise and rio tinto are up three percent on the footsie. has had a bad day after a strong start in the morning energy majors fell after the price of crude with seventy six dollars a barrel. gazprom have shed around one percent today. trends to prevail on the markets. in europe may add pressure on stocks. as the business you can always find more stories on our website that's dot com slash business i'll be back in fifty minutes time. i thought. this is representatives from seventy countries and organizations have been down to ring in kabul to discuss how to bring about stability and security of the good local forces and afghan president hamid karzai said he's determined the country will be ready for the transfer of power in four years its. aids activism on universal treatment as an international conference of uganda the un warned spending cuts could undermine recent progress some scientists in the same will strain capital of challenging

the top blue chip gainer up one of the half percent of the saying last week growth has stabilized hungary's debt is topping economic headlines prompting investors to look for safer bets like gold that usually hurts equities but russia is resisting the pressure so far the earning season in full swing in the united states will continue to dominate sentiment over the coming days but the results of the stress test of european banks will also be a factor. and european shares have slipped into the red in the last hour after a downgrade of oil and sovereign bonds rating moody's on monday p.p.s. top loser in london its shares are down almost five percent today on concerns the cap on the leaking oil well in the gulf of mexico is not as effective as first thought. russia's hottest summer for a century could have far reaching economic consequences russia's green union says the poor harvest due to the drought. could push up inflation by as much as two percent meaning the country may overshoot its target of seven percent due to the extreme weather russia has already lost one fifth of its grain crops wit

the my sex is soaring is trading session a few minutes we're seeing friday's closing figures there hungary's deaths are topping economic headlines prompting investors to look for safer bets like gold hence the equity markets are likely to read throughout the day strong corporate results in the united states last week were offset by poor konami data cast further doubt over the strength of the recovery under a year again the head of research of forks club believes the us serving season will continue to dominate sentiment over the coming days but the results of the european bank stress test will also be a factor. bridging the cuba stipulate to the america financial results of american corporate sector but also we are waiting for the results of stress test a few were being banks which are due to be presented on a plane to sort of july and this result. table euro zone ease the hold that second for all these years will be quite positive for investors and maybe we will see that next to be really we'll start on russian stocks because russian stoves and now are very undeveloped comparing to other eme

except for draws nafta and banks preferred shares hungary's debt is topping incoming headlines prompting investors to look for safer bets like gold that usually hurts equities but russia is managing to resist the pressure so far the earning season is in full swing in the united states it will continue to dominate the sentiment over the coming days but the results of the stress test of european banks will also be a major factor. and that's all we have time for and the citizen of business my colleague daniel books so will bring you all the latest about this to talk about. that still to the. last it's the most susie. to see. the. speech congress. if now i think this is the sea ending at the death cycle of human rights activist and universal treatment h.i.b. and aids was the focus of an international aids conference and yet the scientists the debasing of ways to eliminate treatment discrimination patients say they should focus on finding a cure and stats. old habits die hard as parents in india demand the penalties against inches in a school some critical punishment all thirteen age it commi

like gold holds near seventy six dollars a barrel hungary's that is topping economic headlines prompting investors to look for safe bets like precious metals but usually home but russia is resisting the pressure so the earning season in full swing in the united states will continue to dominate sentiment over the coming days but the results of the stress tests of european banks would be a factor. and european shares are edging up as they move into the second half of the day that's despite the downgrade of oil and sovereign bond ratings by moody's on monday b.p.'s shedding value on concerns the cap on the leaking oil well in the gulf of mexico is not as effective as first told. gary a rush of science detail preliminary agreement on the south stream gas pipeline the deal is a technical roadmap of how the two countries will move forward the next step will be to set up a joint company to study the feasibility of the project it would provide the details for a legally binding contract from the developing south stream as an alternative route for russian gas to europe its main partners in the pro

barrel to gain one of the half percent of the saying last week the growth in bad loans has stabilized hungary's is talking economics headlines prompting investors to look for safer bets like gold that usually hosts a good tease but russia is resisting the pressure so far the earning season in full swing in the united states will continue to dominate sentiment over the coming days but the results of the stress test of european banks will also give factors. and russian gross domestic product growth for four point two percent in the first half of the year as the country emerged from the worst downturn in a decade because it was on the pin both in industrial production more than ten percent higher than the same period last year it also benefited from rising commodity prices the backbone of the country's economy. russia's hottest summer for a century could have far reaching economic consequences russia's green union says the poor harvest due to the drought could push up inflation by as much as two percent meaning the country may be. the shooting targets of seven percent due to the extreme weather ru

to think of the things we could prove through bad loans to stabilize hungary's that is topping it cannot make headlines to mean business to look to sleep a bit like gold that usually hosts take pussy's but russia is resisting the pressure building season in full swing in the united states will continue to dominate sentiment over the coming days but the results of the stress test of european banks by. a russian gross domestic product grows by four point two percent in the first half of the year as the country moves. in a decade ago it was on the pinball a strong rebound in industrial production will the ten percent higher than the same period last year the tools that benefited from rising commodity prices the backbone of the country's economy. foremost record heat wave is having a serious effect on the economy the green union says the poor harvest due to the drought could push up inflation by as much as two percent meaning the country may overshoot its target of seven percent one fifth of the grain crops has already been lost due to the extreme weather with nineteen farming regions announ