made off the london whale j.p. morgan london whale m.f. global all of these happened london they couldn't happen elsewhere that's exactly right we've been saying this for months for years now finally people are beginning to realize i think the m.f. global was really that what tripped it off finally they said you know why are all the major bank frauds always in the city of london you know in the city of london of course is the only place in the world in the banking world we can really hypothecate to infinity even in the west which is corrupt you could only read hypothecate one hundred forty percent say underlying marginal bull security like the u.s. government treasury bond but in london you can do it infinity you can sell the same bond in london infinite number of times gee i wonder if that could lead to fraud and you know by the way regarding the london disease. and acting as a sort of haven for all sorts of ill gotten gains from around the world i do notice in the f.t. recently luxury homes boom in london. that of course is the way to la

made off the london whale j.p. morgan london whale m.f. global all of these happened london they couldn't happen elsewhere that's exactly right we've been saying this for months for years now finally people are beginning to realize i think the m.f. global was really that what tripped it off finally they said you know why are all the major bank frauds always in the city of london you know in the city of london of course is the only place in the world in the banking world we can re hypothecate to infinity even in the west which is corrupt so you could only read hypothecate one hundred forty percent say underlying marginal bull security like the u.s. government treasury bond but in london you can do it infinity you can sell the same bond in london infinite number of times gee i wonder if that could lead to fraud and you know by the way regarding the london disease. and acting as a sort of haven for all sorts of ill gotten gains from around the world i do notice in the f.t. recently luxury homes boom in london. that of course is the way to lau

the vast wealth held by the corporation of london were integrated to the rest of london it would be a very different city and in the poverty you see he would probably be eradicated with that money do you feel that the city of london corporation would be morally exonerated if they did more to help the poor buyers around them not really the because the corporation of london is kind of a true a stick it gives quite a bit of money to charities it has all sorts of charitable charitable foundations but this is putting band-aids putting plasters on wind it's not doing anything structurally to change the relationship between this state within a state government within london that no one knows about and the surrounding boroughs which are extraordinarily poor but how is it possible to democratize the corporation if the financial industry in the u.k. and the government are so closely connected when there's no political will it's impossible to impossible to make that change i mean there's all sorts of things that could possibly be done which is by packing the corporation of london with people ele

to don't pull out of the stuff in the city of london as a way to competitively drive the city of london down you know. it's very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's reenergized and hopefully. has a little bit of impetus to do some of the things that we've been talking about but that's the thing at the bankers leave london if they're whining or complaining about london where are they going to go and if the us wants to send transactions to london that's probably the wrong place right now because as you say there's more scrutiny there's even scrutiny in switzerland you have u.b.s. the rogue trader on trial you have that senior banker c.e.o. lost his job to over that scandal i mean really i think there's going to have to be a come to jesus the bankers are going to have to realize something's changed and hopefully the obama administration will reinforce that some of them are already ta

the vast wealth held by the corporation of london were integrated to the rest of london it would be a very different city and in the poverty you see he would probably be eradicated with that money do you feel that the city of london corporation would be morally exonerated if they did more to help the poor buyers around them not really the because the corporation of london is kind of a true a stick it gives quite a bit of money to charities it has all sorts of charitable charitable foundations but this is putting band-aids putting plasters on whims it's not doing anything structurally to change the relationship between this state within a state government within london that no one knows about and the surrounding boroughs which are extraordinarily poor but how is it possible to democratize the corporation if the financial industry in the u.k. and the government are so closely connected when there's no political will it's impossible to impossible to make that change i mean there's all sorts of things that could possibly be done which is by packing the corporation of london with people el

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the u.k. particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens. what about the housing sector of course the housing problem london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all the dark money that flows into london but that seems to be something that's unsustainable how do you see the housing market going forward and secondly what about t

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the way particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's there they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens during what about the housing sector of course the housing problem london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all the dark money that flows into london but that seems to be something that's unsustainable how do you see the housing market going forward and secondly w

so my ham city just being absent come up to london enjoy the atmosphere. with everybody around from all over the out it's just been fantastic the huge investments in the london twelve summer olympics are definitely expected to materialize term benefits for the whole country but on top of all that is simply the way the games just made people feel. how. much. was. so the great britain along with those who came here to feeling good. overthrow the new parts. so the games are paid to have been a thoroughly enjoyed by london is on sports fans from all over the globe but what have the authority made of it all while his international olympic committee presidential. i'm very happy and grateful we very happy with the gave so very grateful to said to paul to be indicted. on the sixth of july two thousand and five in singapore. for me at least cage that's exactly what we thought was stranded footage trace of the venue's forty fourth world records from seventeen olympic records and i will see history being written by many many at least i think of the trouble and both o

made off the london whale j.p. morgan london whale m.f. global all of these happened london they couldn't happen elsewhere that's exactly right we've been saying this for months for years now finally people are beginning to realize i think the m.f. global was really that what tipped it off finally they said you know why are all the major bank frauds always in the city of london you know in the city of london of course is the only place in the world in the banking world we can really hypothecate to infinity even in the west which is corrupt you could only read hypothecate one hundred forty percent say underlying marginal full security like the u.s. government treasury bond but in london you can do it infinity you can sell the same bond in london infinite number of times gee i wonder if that could lead to fraud and you know by the way regarding the london disease. and acting as a sort of haven for all sorts of ill gotten gains from around the world i do notice in the f.t. recently luxury homes boom in london. that of course is the way to lau

made off the london whale j.p. morgan london whale m.f. global all of these happened via london they couldn't happen elsewhere that's exactly right we've been saying this for months for years now finally people are beginning to realize i think the m.f. global was really that what tripped it off finally they said you know why are all the major bank frauds always in the city of london you know in the city of london of course is the only place in the world in the banking world we can really hypothecate to infinity even in the west which is corrupt you could only read hypothecate one hundred forty percent say in a lying marginal bull security like the u.s. government treasury bond but in london you can do it infinity you can sell the same bond in london infinite number of times gee i wonder if that could lead to fraud and you know by the way regarding the london disease. and acting as a sort of haven for all sorts of ill gotten gains from around the world i do notice in the f.t. recently luxury homes boom in london. that of course is the way t

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the u.k. particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens during what about the housing sector of course the housing bubble in london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all the dark money that flows into london but that seems to be something that's unsustainable how do you see the housing market going forward and secondly what

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the u.k. particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's there they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens what about the housing sector of course the housing bubble in london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all the dark money that flows into london but that seems to be something that's unsustainable how do you see the housing market going forward and secondly what

london. well away from the olympics and to golf where rory mcilroy has blown away the rest of the field to win the final major of the season as the p.g.a. championship after a weather delayed saturday there was a whole lot of golf to be played on sunday mcelroy seizing the initiative to move away from joint overnight leader b.j. sing and secure a three shot advantage of the round and so to round for him poulter started brightly moving to within a shot of mcelroy however a series of close games at the start of the back nine would ruin his chances another englishman the unheralded david made the late run to finish second for the day was to belong to mark roy the northern irishman simply in scorching form closing body completing a bogey free round of sixty six to play massive stroke win over the rest of the field last year's us open with us now live in the p.g.a. championship to his same day his second major at the age of twenty three not bad it was. just an incredible day you know it you know i

the vast wealth held by the corporation of london were integrated to the rest of london it would be a very different city and in the poverty you see he would probably be eradicated with that money gives you know that the city of london corporation would be morally exonerated if they did more to help the poor buyers around them not really the because the corporation of london is kind of ultra stick it gives quite a bit of money to charities it has all sorts of charitable charitable foundations but this is putting band-aids putting plasters on whims it's not doing anything structurally to change the relationship between this state within a state government within london that no one knows about and the surrounding boroughs which are extraordinarily poor but how is it possible to democratize the corporation if the financial industry in the u.k. and the government are so closely connected when there's no political will it's impossible to impossible to make that change i mean there's all sorts of things that could possibly be done which is by packing the corporation of london with people el

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the u.k. particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens during what about the housing sector of course the housing bubble in london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all of dark money that flows into london but that seems to be something that's unsustainable how do you see the housing market going forward and secondly what

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the u.k. particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens during what about the housing sector of course the housing problem london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all the dark money that flows into london but that seems to be something that's unsustainable how do you see the housing market going forward and secondly what a

london. russia says it's drawing up a list of american officials it considers guilty of human rights abuses it's in response to the so-called. banned russians approved by washington lawmakers this week it's named after the lawyer who died in a russian police custody in two thousand and nine the u.s. blames moscow for his death a journalist says the raw exposes american people crecy russian foreign minister should respond to such an obvious insult where the united states probably the preeminent violator of human rights at this point in terms of scale magnitude and depth pointing its finger at anyone certainly the person who's having their finger that finger in their face should reply point out you have no standing to accuse us of anything and stand up for themselves canada has been voting and acting in concert with the united states for the last few years now if you look at the votes on israel for example you'll find the united states canada and you know like some small rock in the middle of t

london and the rest of the u.k. like two different countries and london is basically built on finance and you know outside of london london is is quite hated by other parts of the u.k. particularly in the northwest and the financial sector in particular is loathed and you know what does the government do because on the one hand you know banks and so on are in many ways the agencies of governments that you know it's they control the where the government money goes but on the other hand the people want the financial sector to be taken down there is a there is a a massive amount of not unjustified loathing for the financial sector we'll see what happens during what about the housing sector of course the housing problem london was huge then we had the global housing crash but then in london of course prices haven't been affected too much to due to the influx of all the dark money that flows into london but that seems to be something that's unsustainable how do you see the aus market going forward and secondly what about

meant should discovering such as she did be associated with opening a can of london. and what kind of beer producer. valter yeah they say oh it's open open sochi in london in the opening kind of beers on t.v. showing the london olympics the baltic is official partner of guys or so sochi games and everything that the requirements and they put in a law and regulation is allowed to be advertised and there is nothing wrong that they did in communication but it's true that in the area not on the sport competition venue but in this area surrounding the venue was found to be that could be sold. we don't think in obstacles and so so so so. this. producing companies one of the sponsors one of the willing to invest in the games is. such he two thousand and fourteen has already licensed a lot of goods at this and the sale is very big throughout russia will this campaign allow to raise a considerable amount of money i mean some of these these sort of bunnies and tigers and a little bit here of what it would be accurate this is my favorite. recall this is a successor of mission of

global the london there were. going to rely on did you come to london they were based in america and they do all the fraud in london they america outsources it's a banking fraud to the city of london well i don't mean did you get the memo on that cause i'm not going there there was a comment look there is there are no circulated information is that this we have to stop this look the could be a tension between two things one you want the regulations so that people can go about their business and the second you want controls and undoubtedly in the last period we probably went too far down the other way but to suggest that we're going to sort of put in capital controls and we're going to start over again to london that would be death to london the city of london is the most successful economic phenomenon in this country let and to regulate it to tax it to try and kill it would be madness for any government but you know understand that is germany and they're saying you know what maybe frankfurt could be a big financia

the london games have come to an end and eyes will now turn on the russian. city of sochi as the black sea resort prepares to host the next winter games in just eighteen months however these games in london have been crucial to this such organizing committee who say they've learned the vital lessons one hundred fifty especially. committed learning from the sofa on the leg and eyes are. the way all the. challenges they face from. this is so we have to bring. those problems included ticketing issues at the start of the games and there were empty seats at some then years however the problem was quickly resolved secondly there were concerns about congestion in the central london and that didn't turn out to be a problem and that was in no small things to the thousands of volunteers who guided to and from the ne us so things to learn there but such organizers have taken comfort from the fact that the development of the black sea resort is similar to the development of the olympic park in london like a. depressive region. into the region with. a well developed struc

now you know it's a hot money so once again we see that london you know london and germany you know their concern concentrating all the money and of course the swiss but switzerland has a problem because as you have seen the you know international bank of switzerland started to make wanted to davy's ings this is crazy you know we're you know the whole situation is just good you know you know going going down on the gutter i don't know if you know the the euro nationally was brought in to bring harmony in the euro zone but it has not has failed it's bring misery you know instead of harmony and is the bad guy once again germany. we couldn't see the german is the bad guy to term approach protecting their interests which is normal every country is protecting their interests the point is that you know all the countries you know except germany you know they're just they're bankrupt but when things get heated in a fog of a currency war people can say well they're protecting our interest in a lot of times ancient animosities come out scapegoating emerges you see how you are at each other's

sweden after all that is stop palm agrees to ecuador has offered to question julian assault and its london embassy instead. and with the olympic summer spectacle only hours away it's corporate giants left grabbing the gold with people fleeing london's traffic jams and political controversies. hello and welcome to our tea it's not o'clock here in moscow you're with me today i'm karen taro well in almost a week long battle for syria's city of aleppo looks to be entering its final stages syrian opposition fighters are amassing ammunition and medical supplies while government troops say they're preparing to halt their offensive some states are calling for humanitarian corridors to be set up but moscow says that's impossible amid the violence which is being fueled by the foreign backing of the rebels parties oksana boyko reports from syria. the efforts to put an end to violence in syria or on the country to stoke tensions in this country that depends on your worldview or worse still continue just a few days ago the arab league has called for an emergency meeting of the un general assembly to di

london. waiting for details about what exactly happened what sparked the violence in syria. but the. heavy artillery was used what do you think we could expect from the international community to this now well let's not true. about the international community in chinese so. what you have isn't about it's security council with russia and china so far resisting it amplify the west to syria over these continuing and we are now seeing a you have a fun moment of them out of. these so rents are reported in the i have seen evidence now from journalists in the field i cross the charts last another being there who insist there across a tease carried out by the syrian national council and they organize a should all or. of creating mayhem in some areas and to look we're pleased carrying out these are crossties so they can be blamed on to. the regime the regime does its own planes we know that but these people of by no means on the side of the angels as the as the for ten. journalists on the frank photo

the traffic will be gridlocked in and around central london. they haven't really feel about where the traffic going to go as long as the family can get around london can shuffle and it will shuffle to the twelve oldest london has been privileged to house summer olympics for the third time and most of people here are already joining an suv braving the suspect yes it's very very good it's going to be something which. we'll never see again i guess and it's very not so despite some little difficulties that may be the expense of common people being part of the olympics is just priceless well the weather alone is enough to make you cheerful at the moment because after the wettest june on record it's been lovely here in london over the last couple of days let's hope that continues for the ceremony on friday and beyond but whatever happens come rain or shine we will be here to keep you updated on russia's progress over the next seventeen days of competition and our take london. now staying on an olympic fame and moving to russia swimming prospects beca

london. into the region with a well developed infrastructure for the south of london just like i say in such a way of creating the new city. in the middle of nowhere which will turn such a into the all year round to sort the international winter sport just a nation what to do with these venues after the olympics is always a key issue in london many will be used for years to come and if they're not they will be removed and that's also something such organizers want to copy but it's not on the tangible. legacy like you are old so airports or power station all the new hotels and the venue it's much more beyond we are going green in construction we have to change the attitude toward people with disabilities create a new standard all the better for the environment for those whose disability assembly created the home terrorism as a culture which didn't exist in our country before once the queen elizabeth olympic bodies. it will attract we estimate nine million visitors a year to become one of the t

london. into the region with a well developed infrastructure for the south of london just like i say in such a way of creating the new city. in the middle of nowhere which will turn such into the all year around to sort the international winter sport just a nation what to do with these venues after the olympics is always a key issue in london many will be used for years to come and if they're not they will be removed and that's also something such organizers want to copy but it's not on the tangible legacy like new roads airports or power station all the new hotels and the venues it's much more be on. going green construction. we have change the attitude toward people with disabilities create a new standard all the better free environment for those whose disability assembly created the home there isn't as a culture which didn't exist in our country before once the queen elizabeth olympic paul he's fully we. will attract we estimate nine million visitors a year to become one of the top ten mus

for london this year since something interesting i just came from london there was a three days ago four days ago we performed. a very long over a beautiful bit of a kind of wagner. and famous wreck feel very young so that was very recently on my next return visit to london is in may it will be totally dedicated to russian composer stravinsky yugoslavians key is arguably the most famous composer of twenty of century and maybe one of the absolutely most important musicians of the century and i am always on the road to just conduct his music everywhere in russia in america in europe is they in london it will be the star i mean ski season what about the olympics will you be performing in london during the games well my august there will be involved some london symphony orchestra i will be there myself for the closing ceremony and i think we will all hope for fantastic games and i personally hope also russia. well so you here you are pretty. active i mean socially politically recently recently you he were. endorsed put his presidential campaign why did you decide to to to give your popu

to don't pull out of the stuff in the city of london as a way to competitively drive the city of london down saying i mean it is very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's really energized and hopefully. has a little bit of impetus to do some of the things that we've been talking about but that's the thing at the bankers leave london if they're whining or complaining about london where are they going to go and if the u.s. wants to say transactions to london that's probably the wrong place right now because as you say there's more scrutiny there's even scrutiny in switzerland you have u.b.s. the rogue trader on trial you have that senior banker c.e.o. lost his job to over that scandal i mean really i think there's going to have to be a come to jesus the bankers are going to have to realize something's changed and hopefully the obama administration will reinforce that some of them are

london. time for the ali business there's cotto good to see you again at the russian market solo or understand their finishing up a bit higher today yeah they did they manage to rebound from a really terrible weight loss away from two and a half years so it's a positive day for the russian market and i'm going to talk about the top net because we've got some new faces going on they're going to be have lots of everyman patients to be made and if we look right now we can see we've got alexander not back he'll become the energy minister will go on today bellow all solved he'll go to the economic development but the my business and our finance minister is still out on the telly one of our crowd they'd walk of it is now deputy prime minister he's got a wide brief on economic matters that are certainly coming to hand today and for me he was dmitri medvedev present presidential aides and he has a reputation as a reformer. so that's how it stands at the moment to get more insights into this what chie

to don't pull out of the stuff in the city of london as a way to competitively drive the city of london down saying i mean it's very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's reenergized and hopefully. has a little bit of impetus to do some of the things that we've been talking about but that's the thing at the bankers leave london if they're whining or complaining about london where are they going to go and if the us wants to say transactions to london that's probably the wrong place right now because as you say there's more scrutiny there's even scrutiny in switzerland you have u.b.s. the rogue trader on trial you have that senior banker c.e.o. lost his job to over that scandal i mean really i think there's going to have to be a come to jesus the bankers are going to have to realize something's changed and hopefully the obama administration will reinforce that some of them are already

london. will stay with the sports theme but. as it sounds we'll cross to business news for that katie you were in if you had today i am indeed business for what more do you wonder. what i want to talk about is the i'm going to be talking figures really because when it comes to lympics it's all very exciting and i was gearing up for the mean to ny but the biggest is often the highlight of the games themselves simply because it is such an expense so later on in about ten minutes time i'll give you the. police in central russia continue to collect evidence following a gruesome discovery earlier this week of almost two hundred fifty human fetuses dumped in a forest there thought to have been used in scientific research by a woman who worked at a local medical university before being fired last year but as our to sean thomas found out some experts think they could even be the product of cloning. right now the investigation is focused on two parts first how did these four plastic containers containing two hundred forty eight fetuses e

london. meanwhile across the atlantic it matters of fashion rather than security bothering the minds these days of some americans in the run up to the olympics these are the uniforms that we'll see in a minute that the u.s. athletes will be wearing for the games here they are although all of them were actually made in china very smart though it caused a stir in the u.s. congress what could the problem be one senator is so flustered about it he suggested burning the suit so let's bring into the conversation where is benedict good food and where is that former executive director of the libertarian party on the line from louisiana now this america doesn't seem very sporting or in the olympic spirit which let's remind ourselves is all about peaceful competition without politics or racism among other things it seems china which is america's number one rival for metals has already won up before the starting gun is even been fired is that what's winding americans up i'm sure there's more to it there

now you know it's a hot money so once again we see that london you know london and germany you know their concern concentrating all the money and of course the swiss but no one has a problem because as you have seen do you know international bank of switzerland started to make wanted to divvy zings this is crazy you know we're you know the whole situation is just good you know you know go going down on the go to i don't know if yeah the the euro nationally was brought in to bring harmony in the euro zone but it has not has failed it's bring misery you know instead of harmony and is the bad guy once again germany. we can't see the german is the bad guy determine protests are protecting their interests which is normal every country is protecting their interests the point is that you know all the countries you know except germany you know they're just they're bankrupt but when things get heated in a fog of a currency war people can say well they're protecting our interest in a lot of times ancient animosities come out scapegoating emerges you see how you're at each other's throat yes y

now you know it's a hot money so once again we see that london you know london and germany you know their concern concentrating all the money and of course the swiss but switzerland has a problem because as you have seen do you know international bank of switzerland started to make wanted to divvy zings this is crazy you know we're you know the whole situation is just good you know you know going going down on the gutter i don't know if you know the year zero nationally was brought in to bring harmony in the euro zone but it has not has failed it's bring misery you know ensued of harmony and is the bad guy once again germany. too bad we can't see the german is the bad guy to germany protecting their interest which is normal every country is protecting their interests the point is that you know all the countries you know except germany you know they just do. bankrupt but when things get heated in a fog of a currency war people can say while they're protecting our interest in a lot of times ancient animosities come out scapegoating emerges you know how you are at each other's throat a

the traffic will be gridlocked in and around central london. they have a really full of well where the traffic going to go as long as you're limping family can get around london can suffer and it will suffer till the twelfth of august so it's very very good it's going to be something which i will never see again i guess and it's we're very lucky so despite some little difficulties that may be the expense of german people being part of the olympics is just priceless while the weather alone is enough to make you cheerful at the moment because after the wettest june on record it's been lovely here in london over the last couple of days and let's hope that continues for the opening ceremony on friday and beyond but whatever happens come rain or shine we will be here to keep you updated on russia's progress over the next seventeen days of competition and our take london. already getting it there i think the olympic spirit has meanwhile been ringing out across london and indeed beyond big band serving as a conductor for numerous smaller bells rung by

i g lehman brothers bernie made off the london whale over j.p. morgan we learned about re hypothecation and. we're here in line in the part of the that there is a big conference going on for labor and they want one the left wing party they already had the lib dems conference they're kind of like a schmoozy in between nobody knows what they do a party and then of course they'll be the tory party with the current david cameron but none of the leaders on the local television address the fact that london is a cesspool of regulation that it won the competition to have the least biting regulatory framework and that's why. and many worries that the global economy and financial markets are in such disarray now if you're coming to london certainly what should we do should we go and find murmuring canterbury corner david cameron who what are we going to do dave phil black how are we going to rectify this i know you're coming over here let's what do you know what do you what do you suggest well first let's think out that if you have a competition in laxity

london. we take a look at life in russia's cold. and see and how the people there while i heavily on animals for everything from food to companionship in our special report coming away in about three hours time take a look. here the reindeer is interesting for the herders. and when it suffers. people do their best to help go. wrong and. the distances are. and the roads are. unpredictable. will the remedy be and try. to fix. on. to me. to. just say. six. to. six. weeks. time to get the latest now from the business desk with natasha saw the russian markets open about twenty minutes ago what's the sentiment so far. well it looks like many see friday's sell off as a buying opportunity there are markets actually opened on an upbeat note let's see those numbers there and as you can see at the moment the r.t.s. is managing to pull put on around the quarter percent the my six opened higher but is actually seeing choppy trade it's a losing just a notch at the moment and over in asia where the trade is quite active this hour it's actually qui

brothers bernie made up the london whale over j.p. morgan we learned about re hypothecation and. we're here in line in the part of the there is a big conference going on for labor and they want one the left wing party they already have the lib dems conference they're kind of like a schmoozy in between nobody knows what they do party and then of course they'll be the tory party with the current david cameron but none of the leaders on the local television address the fact that london is a cesspool of regulation that it won the competition to have the least biting regulatory framework and that's why. and many reasons the global economy and financial markets are in such disarray now if you're coming to london certainly what do what should we do should we go and find murmuring kang to record david cameron who what are we going to do dave black how we going to rectify this i know you're coming over here liz what would you get what do you what do you suggest well first let's think out that if you have a competition laxity everybody loses ev

to don't pull out of the stuff in the city of london as a way to competitively drive the city of london down you should be saying i mean it's very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's reenergized and hopefully. has a little bit of impetus to do some of the things that we've been talking about but that's the thing at the bankers leave london if they're whining or complaining about london where are they going to go and if the us wants to send transactions to london that's probably the wrong place right now because as you say there's more scrutiny there's even scrutiny in switzerland you have u.b.s. the rogue trader on trial you have that senior banker c.e.o. lost his job to over that scandal i mean really i think there's going to have to be a cunt to jesus the bankers are going to have to realize something's changed and hopefully the obama administration will reinforce that some of t

boxing queens thrushes women prepare to make a little big games in london. and the civil war is safe organizers keep olympic medals at the tower of london for security reasons. but first former england manager fabio capello says taking charge of the russian national team would be a wonderful adventure he's heading to. a two year deal worth up to twenty four million dollars with a possible two year extension russia will be made to give a card successor on monday and claim they now only need to agree on the fine print with italian capello's expected two point four fellow countrymen and two russians in his coaching staff and take charge in time for russia's friendly against over coast next month before cup qualifiers against northern ireland and israel in september. capello's achievements in management have seen him qualify england for the world cup in twenty ten and the recent european championships but biggest achievement at club level winning two bloody good times with real madrid and seven patella in the league titles with more you've entered a similar and

yeah they say oh it's open open sochi in london and they open it kind of beers on t.v. showing a little bit the london olympics the baltic is official partner of going to is or some such a games and everything that the requirements and they couldn't stand alone and regulation is allowed to be advertised and there is nothing wrong that they did in communications but it's true that in the area not on the sport competition venue but in this area surrounding the venue has found them to be could be sold. we don't think obstacles and so so so so. this. producing company is one of the sponsors one of the willing to invest in the games. such eat two thousand and fourteen has already licensed a lot of goods at this and the sale is very big throughout russia will this campaign allow you to raise a considerable amount of money i mean some of these these sort of bunnies and tigers and a little bit you know what with yet here this is my favorite. plea deal is a great am phone call this is a success sort of mission of the beer yeah right must go from the moscow game so this is the gr

the traffic will be gridlocked in and around central london. they have a really full of well where the traffic going to go as long as you are in peak family to get around london can suffer and it will suffer till the twelfth of august so it's very very good it's going to be something which i will never see again i guess and it's we're very lucky so despite some little difficulties that may be the expense of common people being part of the olympics is just priceless well the weather alone is enough to make you cheerful at the moment because after the wettest june on record it's been lovely here in london over the last couple of days and let's hope that continues for the opening ceremony on friday and beyond but whatever happens come rain or shine we will be here to keep you updated on russia's progress over the next seventeen days of competition and our take london sunday in london who would have thought it nice staying with the olympics and moving to russia's swimming prospects r.t. getting the thoughts recently of one of the sport's greatest t

so the london olympics while the u.k. is forced to draft more troops. they say is nothing more than. civilized. but more importantly foreign policy this with a rather controversial. debated behind closed doors you're watching. today i'm in the parliamentary office of george galloway m.p. who around three months ago one surprise election victory in his constituency of bradford west george galloway thanks very much for talking to us today now your election your victory was a surprise to many possibly not to you what does it take to break a monopoly of these three ruling parties to win an election in british politics and everest of a challenge because first of all the big parties command almost all of the media attention and the media is the medium through which most people get their political ideas news and secondly because you usually like a critical credibility factor people are doubtful that they would be doing other than throwing their vote away by voting for a candidate who may be closer to their cup of tea but are unlikely to win it and therefore th

london. ok let's leave the olympics behind now and talk russian premier league football where game week for concluded on sunday in the past three weeks there was an odd thing to forget. the historical powerhouse languishing at the bottom of the table following their fourth straight defeat rubin this time their victors but it wasn't until seventy eight minutes in the host finally broke a deadlock the league's joint tops were there but asked not to find home for. the win then sealed right out the death. letting work from outside the area rubino the second world in our ready looking black prime relegation candidates. just to moscow have returned to winning ways the army man had suffered back to back the fates heading into their classroom. but zoran tossed it e.c.s. the worry somewhat with the winning strike fifteen minutes from time the goal also condemning this having sound to their first defeat this. sunday's first game omkara your voice for dolphy it finished goalless and perm while in the la

brothers bernie made up the london whale over j.p. morgan we learned about re hypothecation and. we're here in line in the part of the that there is a big conference going on for labor and they want one the left wing party they already have the lib dems conference they're kind of like a schmoozy in between nobody knows what they do a party and then of course they'll be the tory party with the current david cameron but none of the leaders on the local television address the fact that london is a cesspool of regulation that it won the competition to have the least biting regulatory framework and that's why. and many reasons the global economy and financial markets are in such disarray now if you're coming to london certainly what should we do rigaud and find murmuring kang to record david cameron who what are we going to do dave black how we going to rectify this i know you're coming over here liz what i want to get at what do you what do you suggest well first let's think out that if you have a competition laxity everybody loses everyb

there are still plenty of hurdles ahead either bennett r t london. this week saw prime minister dmitry medvedev appointed as the leader of the united russia party the country's main political force he promised a major overhaul a top saying he plans to remove people who discredit the party comes after some significant changes were made in the russian government as president putin unveiled his new team of ministers despite some familiar faces remaining more than two thirds of the cabinet the new appointments political commentators. who team can rise to any political challenge. from my point to you this is the movie's dramatic cabinet reshuffle in the decade and what matters is not only the number of the new faces which is really amazing can you imagine three quarter of new faces but that qualitative changes that there was an enormous outcry or that all of it presumed comes a later point of the cabinet and what added to the confusion to the story that we didn't didn't go to as you know to. get in there so what we see today is that the reality of this sy

london. now to golf where rory mcilroy has blown away the rest of the failed to win the final major of the season the p.g.a. championship after weather delayed saturday there was a whole lot of golf to be played on sunday mcelroy seizing the initiative to move away from joint overnight lead of e.j. singh and secure three shot advantage at the end of the third round heading into round four in poulter started brightly moving to with an eye shot of mcelroy however a series of games at the start of the back nine would ruin his chances another englishman the unheralded david lane had a late run to finish second for the day it was definitely going to belong to mcelroy the northern irishman simply in scorching form a closing birdie completing a bogey free round of sixty six to claim a massive stroke win over the rest of the field a record breaking margin last year's us open without the us now adding the p.g.a. championship to his c.v. his second major at the age of twenty three which is not bad goin