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tv   [untitled]    August 5, 2011 3:01am-3:31am EDT

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stocks tumble as global markets react badly to america's gloomy economic outlook as well as the swelling in the eurozone debt crisis that's what in consumer confidence at the brits. as former egyptian president hosni mubarak stands trial for mass killings lucia those who fought for change are left as violence and arrests continue under military rule. and we'll take you to russia's far east where integration with neighboring it goes far beyond any borders that's in close up at this hour.
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eleven am here in the russian capital you're watching r.t. now to our top story asian stocks slumped on friday following a day in the red for european and american markets well investors are nervous over the a prospect of a sharp slowdown in the u.s. economy as well as having a debt crisis on their minds well r.t. has been getting global reaction to the ripple effects on the markets and bangkok based economist says the asian economy can easily withstand america and europe's turmoil. concern that we have now is that we have to see growth rates in asia come down a bit further from where we had been expecting them and if you remember in the global financial crisis previously a lot of banks in asia got very cautious so they themselves decided to limit their lending and that's likely what we will face again and compared to the global financial crisis you may remember actually asian economies and banks didn't get
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that hard hit so again the situation today is is not that worrisome compared to the last two crises in asia for china remember in the past they were able to continue to grow their infrastructure program and banks were providing credit for that so china probably is still one of those countries where you'll still see acceptable growth remember they've been trying to manage down their growth to about eight percent and maybe we'll get there now but what you should see is china doing less in the way of tightening measures if the global economy is much weaker. well over in america the relief over congress finally agreeing a debt solution prove shortlived doesn't vest took like from wall street leading to its worst day in three years a specialist who helps american firms global link says the crisis shows that washington's not tuned in to the right signals. but i can't speak for all the
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investors especially. what happened in washington doesn't raise anybody's confidence the politicians will do the right thing the us ship be concerned and should be worried but i'm not sure that the our politicians in washington are getting that message it seems like they are in the in their daily political struggle and battle and they place a higher importance to winning those political points then taking into consideration the national interest stage as well as the world why interest in a financially stable market i'm very concerned about the future of the united states much less concerned about what's going on in asia there's no question in my mind in asia including china but other parts of asia as well is very much on the rise
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and they seem to be much more sure footed and they get things done over there compared to what's going on in this country well as europe's markets prepare to get going let's go to brussels and talk to our teens danielle a bushel hi there danielle. could you just tell us what's expected where you are following a one day drop in europe pretty steep there and the slump in wall street. absolutely has to come because the stock market isn't being lousy all week but sir the futures today point to a very sharp drop so investors here and obviously people are extremely concerned it came all the snow here berlusconi the prime minister of italy gave us a speech which was designed to reassure people but the very fact that he came out he waited till the markets close that day signaled the people there he was concerned i was a lot of people over it's a loser calling me of course we saw a crisis talks between italy and the european union this week on with their
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problematic economic situation the fact the yields on their goals would reached above six percent which is considered the threshold for a sustainable rate the same happened in playing the prime minister of us by example terror pals of his holiday to return some address a deal with the problem there we also know that it's lease economy is hardly over this said that means it is for more than its gross domestic product which is also obviously noles sustainable now it's only following the highest cost savage spending because the trouble is that the tiny people say they want to accept those cards and that they are actually going to want stronger ties plus we're still expecting steeper drops in the markets there in europe yes but hold in most of the same to me what's investors are saying very much throughout the european union we've seen for example the footsie one of the biggest stock markets in europe in london taking
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a shock jock throughout the week the thing drops every day but the futures this morning which is what signals will happen through the day are shown of very significant drop throughout the day which is its big stream you concern it's of people here in the european union all right thank you very much for that diet will certainly be a keeping and i thank you. well there are business addresses also keeping a close eye on developments and kareena is here now for that. kareena do you hear me. well unfortunately i think we're having a bit of a technical problem we'll try to bring that back later on in the meantime egypt where islamist groups grow and influence the debate to spread so over whether the post revolution country will become a ruled state and this is the nation's former president and his allies stand trial now hosni mubarak denied the charges against him on the first day of his hearing where he was accused of ordering the deaths of protesters back in february the
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hearing which will continue in ten days could see face a possible death sentence well the eighty three year old lady in a hospital bed in court where he's being tried alongside his two sons and top aides who are also accused of corruption and mass killing. on a boy who reports even with the new people in power blood is still being spilled on the streets of egypt. so young to vote yet old enough to die for his country this boy was just seventeen when egyptian police killed him where today he's adorns one of the central thoroughfares there's even a talk of naming a street in his name what makes someone a more fair and. well in the age of right now if the date of death those gunned down prior to mubarak's resignation f.-l. liberated us who live with the rider future of their country those killed after
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he's out sometimes are very serious criminals to undermine that country's democratic strife and it doesn't matter that they share the same goals and they'd have these days just this is about power and no and the other way around this young man also accounted for himself among the children of the revolution if he's older brother he celebrated mubarak's departure from power or to take the need for the and to police three months later he was killed in what his brother believes was a government sanctioned shoot out there. and on the sniper shoot my brother dead the bullet went through his forehead and it came out on the side and i saw it no one here has a weapon like this only soldiers do like families of victims whose deaths are now being pinned on mubarak these people receive no monetary compensation for their loss in fact they're increasingly worried that the new military authorities may persecute them studs is became an all encompassing term for those who don't
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appreciate the ruling military clique and i was with us about this we expected the army to intervene to protect people just don't mind instantly but instead they started to kill people themselves the supreme council of the armed forces as an interim caretaker when mubarak stepped down brought to power by the protests the generals nevertheless don't show much liking for mass gatherings the cradle of the egyptian revolution is now cordoned off by riot police those caught protesting accused of public disturbance and sent to military trials in the last seven months there have been more people put on military trials than the number of people that were put on military chose under president of the. president of war so that strain president mubarak's regime individually of course a scar on his forehead still hasn't healed but these activists believes he got off lightly from he's encountered with the police a month ago the son of the former presidential contender who was jailed by the
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mubarak's regime nor says the new authorities are just a brutal version of the all and it's extremely clear that there is very little difference between the people who are ruling us know. and that many of the crimes the hosting world are committed to his people are currently being committed. to us now by the people who are ruling us the supreme council of armed forces. whether it is using violence or oppressing. the public or even if it's manipulating public opinion but sadly in this is what hurts more because these crimes are now being committed with the disguise of the revolution he gives these bloody t. shirt as a reminder that the egyptian revolution is far from over the former president is now on trial for his role in damascus elitist but the blood is still being spilt on
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the streets of cairo it's not work of art it's empty. the syrian opposition has dismissed a decree from president assad authorizing a multi-party government system that the law can see the formation of political groups opposed to the ruling baath party's national front the protesters demand an end to brutal crackdowns before they'll enter a dialogue gesture came after the un security council condemned his regime's violence against the opposition and called for an internal political dialogue to end the bloodshed the local reports say the military is attacking the protesters stronghold of hamas activists say dozens have died there in the last twenty four hours adding to over one hundred killed since the weekend while france announced it may seek further action from the security council if the killing continues however such threats are counterproductive to any real change according to. president of the association. really it is just not the
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legislation itself it's how it's going to be implemented and the restrictions included in that there are quite a lot of restrictions which makes it probably very difficult to implement and i think the pressure of international pressure on syria is producing some result what is the lacking is the action on this serious side to have to make the changes that require. principly start killing people and remove some of the leadership even. on the part decide on the government and on the military and i think the threats that the u.s. and france and the and britain are applying to syria is very counterproductive russian position i think it's a moral one in the sense that if you want a friend you actually give honest advice to your friend you don't just agree with them and you don't threaten them it is not acceptable what's happening they have to have a dialogue but they're resisting falling into the same trap which we have fallen
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before with iraq when there will be a security council said they were not invade iraq they did they sent in libya are only going to have a no fly zone and it turned out to be into a war and invasion of libya and to me that it has told syria's president bashar al assad that he needs to carry out reforms and open dialogue with the opposition. and all cities thought succession in your pocket unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments gadhafi libya gave violin orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president and in the private letters i've sent him i discussed the same ideas reforms need to be carried out so he should establish peace with the opposition establish peace in the country create a modern state if he fails to do that in a sound future awaits him and at the end of the day we'll have to make our decision
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we're watching the situation is changing good lines are too. he says that without him in the ball the russian president gave an interview to our table echo must rebel station and the doors of the pick television channel on the eve of the third anniversary of the assertive war and speaking about those events in the caucasus and later that have said a georgian president mikhail saakashvili should face an international court for starting the war in two thousand out of a war can watch president medvedev interval full of next hour on r.t. . that aggressive war that threw a tiny nation into the global spotlight. three years after georgia attacked satisfaction yet. could anything have stopped the bloodshed. did russia have any choice but to step in.
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president medvedev gives r.t. the straight answers. and now no more drinking no more gambling and no more music was just part of a proposal put forward by a hardline muslim group which wants to see london fall under the strict muslim code of sharia law. found out why the movement's vision for the u.k. capital is just the beginning. so we are here to tell you that islam. is unstoppable in europe stoning for adultery cutting off hands for stealing a death of renouncing islam this group of men is trying to enforce shari'a law in the u.k. they've started a campaign to make certain areas of london and other cities islamic law controlled zones starting with will from stay east london muslims will be allowed to go to forbidding evil because of usama is an alternative to the muslim of an all muslim community some of you believe the muslims kind of together trade according to the sharia was all their problems. and even police themselves to
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a large extent hopefully one day to have a summit governments have authority locally security locally and you provide welfare locally choudhry and his friends are fly posting parts of london with large muslim populations they want to ban drinking gambling and playing music and they say they've got bands of young men ready to patrol and in full shari'a law by any means now that enforcement will not initially be in on the level of inviting and for didn't believe that if someone has the capability to be what in essentially something like pornography prostitution should do so. by that you mean it of course i believe that i need a mosque should be run out of the area these muslims say british society is broken little with drugs crime and prostitution because of that they firmly believe members of the communities that targeting will welcome sharia law but the word on the street about the campaign tells
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a different story comes down to if you don't like the laws of the place you live find somewhere where you do appreciate the laws and. things are completely legal in this country this is not india or pakistan this is our own laws people have no rights coming here and bringing their laws in here we often have coached i think the trouble councillor martin. griese saying this could destroy community cohesion we've. taken down the post this assumes that put up because we do not want these posters around. they have no place to move from forest citizen equality campaigners say the surest supporters shouldn't be considered a religious movement but a far right political organization with a place to campaign designed to divide and conquer communities their danger lies in dividing people dividing communities creating mistrust and particularly among from non muslims towards moderate muslims i think this is part of their aim is to create
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mistrust so they can then turn to moderate muslims and say look everyone hates you we're your friend turn to us and it's a very very dangerous thing and it's a political tactic to increase their own power undeterred by opposition chaldron and his group plan will they see is the beginning of an islamic emirate not just of the all over europe police have mobilized to take these posters down as fast as they appear but choudhry and his group say they formed a vigilante enforces to make sure. all physically and in other parts of london women have already been harassed for not covering their heads if these muslims ever get their way i won't be able to dress like this on the streets of walthamstow or many other parts of london brussels rome and paris. and now
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a look at some more stories from across the globe for you teachers have joined yet to govern the protest movement currently sweeping across hundreds of educational workers rallying through the streets and through so while demanding better working conditions for the news comes after a three week old demonstrations overwhelmed nationwide with tens of thousands of protesters reportedly volved the movement initially target. overpriced housing but as wide and two and compasses anger over a number of other living issues. thailand is to get its first ever female head of government. has a clear road ahead to become prime minister after her party secured an absolute majority in parliament she's the sister of former prime minister thaksin shinawatra who was overthrown in a military coup in two thousand and six he was charged with corruption and fled the country but some speculate he might line up for a comeback with his sister in charge. next are off to one of russia's remotest
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corners and where integration with china knows no boundaries. and today we're in the far eastern region it's a remote but rich region holding russia's largest gold reserves it's also quite of the dust real powerhouse with heavy manufacturing flourishing more is also the real russia's eastern economic alcoves to being a perfectly situated to make the most of its proximity to china artie's alice stewart went along to see how state borders turned into bonds of friendship. a very warm welcome to this edition of russia place this week coming to you from the a more region situated in the very full of this reaches of russia's far respect thousands of kilometers away from you in moscow but a mere like minutes by hopes from china and unsurprisingly the influence of china
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and its culture is everywhere here. high heels and a hard hat it's not a look many women can pull off but then lily white on a restaurant she prefers to be called in russia is no ordinary woman having first arrived in a mall as an interpreter in the early ninety's she and her family worked their way up from running a small cafe shining this large construction company. and spread across the region's capital blagoveshchensk no fewer than four large chinese restaurants full most nights and serving up the taste of the orient to russian dinah's it's an impressive pool failure and one that the mother of two says she couldn't have built in china if you use that i saw an opportunity to create something here russia needs skilled laborers and with china being so close and easy our existing chinese goods and equipment and are already working for someone new mr is just one of a growing band
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a successful chinese entrepreneurs operating in russia's far east where a river is all that separates the two countries easy proximity coupled with favorable visa regulations continues to inspire thousands of chinese workers people like sunshine. to flock across the border every year his is a tried and tested business model selling cheap secondhand chinese clays. so whether it's a pair of a trendy train is that you raft or perhaps the design of fungal says this is where the people of head to pick up a bargain were in some of the chinese market which then the sense of town and of course everything inside here bad the label made in china and all the sellers also come from something that let me tell you it's absolutely packed in fights here and the party is like this every single day so clearly business is booming. i've been here for three years and i left china as they want to not jobs things are
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going well you know you can get things really cheap here which is great if you've got a large family the quality varies hugely but on balance i think we're lucky to have chinese traders here russian goods just can't compete on pricing. and by hopping on one of the many packed ferries that cross the more river every day russian consumers can enjoy an even more authentic chinese shopping experience audi is with a slight slavic flavor they're keen for a bargain and in the process help to fuel the chinese economy it's led some to fear that russia's far east is being exploited by its entrepreneurial neighbor the same used to suppress the mist revel in self-pity at the sight of china forging ahead while optimists think of ways to develop like a fish and at the same pace using chinese expertise capital and labor because i believe our region is hugely fortunate to go to china if we compare our city to others in russia we're much better off in almost every respect i was told of
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extensive plans for more joint ventures and great integration between the two countries as far as government is concerned its relationship westra. you're standing here on the a more coastline it's a mere five minutes by boat across. to china so close you already feel that you can reach out and touch it and people living here say that they've been witness to the phenomenal pace of development along the high panic representative of the growth of the chinese economy as a whole and its influence hair in russia alice said bit more region. all next let's see how jumpy the markets are at this hour here's kerry now with the business news. hello and welcome to our business update this hour global financial markets are witnessing its worst since the middle of october two thousand and eight the dow jones tumbled more than four percent while the nasdaq lost five percent at the end
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of the thursday's bleak session worsening economic data suggests following american growth to an already sluggish pace in the press how the sell off sentiment was boosted by news from europe sovereign debt problem is in the gulf in two of its largest economies spain and italy saying you divert from spare bank says if global financial problems lead to a second wave of global recession russia will be hit as well eve it is recession then clearly it is a fact even as default in restructuring or orleans actually notes to recession but rather economic stabilization in return to government growth and this is good for us. is even better than in changing for example in terms of. effects we see or seeing the economic situation global event clearly rush
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markets will be affected through the. let's have a look at the markets gold is edging up adding over twelve and a half dollars per ounce while so where is that in twenty six and that's up to the west and eurozone economies have sent investors running for safe haven precious metals are providing right now while prices extended shop losses light sweet is now losing two dollars fifty cents trading at over eighty four dollars a barrel brant is at one hundred and five dollars per barrel asian markets have nosedive tracking the losses on wall street's trans nicky down three point seven percent of its lowest since his post earthquake plunging large energy companies and financial firms among the worst. formers with oil from impacts down over seventy percent miners have also been hard hit hong kong's hang seng is over five percent in the red when exporters among the main losers now europe's stock slumped there in early trading on friday extending a global selloff amid mounting worries over economic growth the footsies losing
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almost three percent of the start of the trading session and the dax is down thirty four percent here in boston markets are plunging into the red joining the global rout both the artist and my six shooting over three percent in early trading the r.t.s. is falling for the fourth day the longest losing streak since july twentieth now let's have a look at something individual movers on the money six energy majors among the worst performers on low crude prices is losing over four percent that's our financial stocks are also under pressure would be t.v. bank down over four percent as well telecommunication company rolls telecom is not an exception it's more than eight percent. russian high tech corp ross not i was getting into the pharmaceutical business by creating a new drug maker called sin b o the total investment into the startup will be around eighty billion dollars with first sales expected in two thousand and fifteen
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the company will concentrate on a wide range of drugs including anticancer minutes. that's our business update for this hour we'll be following the market's performance in the next hour so join me in about forty five minutes from. last time.


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