CCTV Script 02/07/13

This is the script of CNBC's news report for China's CCTV on July 2, Tuesday.

Welcome to the CNBC Business Daily.

The Snowden affair has now turned friend-on-friend. Germany and France are the latest to learn that they too were being eavesdropped on. And that's putting Obama on the defensive. CNBCs' Eamon Javers has more:

[Eamon Javers: A new week brings a new intelligence and embarrassment for the US. This one that President Barack Obama had to address during a trip to Africa. The revelation came over the weekend in der spiegel in Germany revealing that the US has allegedly bugged EU offices in the US and cracked into the EU communication equipment in Europe. The President today in Africa said he's going to look into that allegation and get the specifics to the European governments but he offered a broad defense of spying in general.

(President Barack Obama: "I guarantee you that in European capitals, there are people who are interested in, if not what I had for breakfast, at least what my talking points might be should I end up meeting with their leaders. That's how intelligence services operate.")

Meanwhile in Russia, President Vladimir Putin said that he is not going to extradite Edward Snowden, the admitted NSA leaker, he said that he would consent to keeping Snowden in Russia on one condition. Here's what Putin had to say. He said,

"If he wants to stay here, there is one condition: He must stop his work aimed at harming our American partners, as strange as that sounds coming from my lips."

That's Putin speaking today and Putin also said that Snowden is not a Russian agent and he said that Snowden he doesn't think is going to stop revealing information that's harmful to the US. He compared Snowden to a dissident or a political advocate for asylum in other countries as we have seen in the past. So, continuing embarrassment here for the US and unfolding situation here around the world.

Li Sixuan, from CNBC's Asia headquarters.