in vietnam multis available in international her tone. for some photos don't include the intercontinental hanoi westlake otoh sure. hilton family oprah. sedona sweet. public royal saigon who turns your ability to. determine time. in the mood leaves very little in the end result and spawn. and i welcome your with all te coming to you live from got a slow and i'm sophie shevardnadze you know that i'm a new stories this morning. stronger

international security and boasting that democratic development that's to focus us influential thinkers politicians on a number of world leaders gathered in the two day global policy forum here in the russian city of. the part of became heroes new details of the amazing for a plane as it crash landed in a remote forest leaving poll eighty one passengers shaken but. causing us to announcing plans to remove its military presence from the japanese island of okinawa says local save the base is damaging the environment and pushing up the crime rate. of the u.k. special envoy to afghanistan step style no speculation melts that he was full stalls for his criticism of the military campaign the.

well today as you can see we've moved from a usual studio to the fresh air of the city. and you can see the kremlin behind us spoke to the twelfth century the most ancient part of the city for the next two days we'll be bringing you full coverage of the global policy forum which is being held here statesmen and strategists investors and innovators some of the world's best minds are all gathered here and they were grappling with issues such as boosting global security and improving standards of democracy. are representatives from twenty two countries and it's being supported boy russian president dmitry medvedev throughout the forum will be talking to top experts from the spheres of academia politics and economics of course we'll also have all the latest news developments from russia and around the world the city of us lovelies located about two hundred fifty kilometers northeast of moscow on the list of heritage sides as

to city is marking its thousand iran diversity it will be following the celebrations which are taking place this weekend you could say that the city with its ancient traditions is an example of how far globalization has come it's no place with the ball its infrastructure and proud cultural heritage. and to talk more about this important event in russia's political calendar we're now joined by our correspondent. that's not hello to you now the organizers of the forum hope the event could make a positive impact on both russian and foreign investors and it's also expected to provide a platform for the discussion of important political problems in russia and abroad isn't it. indeed sophie as you and bill probably both know this is a relatively young platform of course this is only the second year that the world policy forum is being held here in the russian city of but already all the participants the journalists many experts are optimistic about its future and it's

been ten. employed into the international arena. this forum is taking place only for the second time but it has already attracted a lot of interest from our foreign partners as well as political circles aside from the russian president italy's prime minister silvio berlusconi and south korea's president in their inbox will take place in the forum a large number of prominent florida and russian political analysts will participate and work in different fields i'm sure will draw a lot of interesting conclusions during the forum president medvedev will meet his foreign colleagues and make an address but who also separately meet with russian and foreign political experts to discuss the problems and achievements during the year blended with the bins. of course it's not just politics and policies that are on the agenda many aspects of what makes

a strong economy in the twenty first century are also going to be discussed and to talk a little bit more about why innovation specifically at innovation technologies are crucial to any twenty first century economy we're joined now live by dr spent the whole who is one of the creators of some of this first a science for mr as a whole thank you so much for being here with us tonight you're one of the creators of sweetness first science park tell me what you think innovations are crucial to the development of an economy for competition around the world that so far a nation without true innovation is just how we got almost gone so far turning your investments in research and development to new companies to new products over ones hopefully that's a way above being your economy. that's a future i don't know when we were talking earlier so the innovations are only just a part of the larger strategy that will what we're talking about specifically well

the science park itself is. in the link and in the train which really starts with education all over society or into printer share. finance. also our ability to dig out inventions from universities institute and turn inventions to innovations which means that they are in the economy and contribute so it's a whole range of different activities to think that in this forum perhaps some of your ideas will have a platform do you think that they'll be well received we're seeing here in russia that innovations are a strategic part of this forum's discussion our french role because i've already been talking to the leaders here in kremlin about it and i know about the policy they are thinking are those very much aligned with what we have been doing in thirty years in sweden as one of the leading countries when it comes clean of

a complicated product. now in your opinion innovation wise what is perhaps the most important achievement that you reached so far. to get the people on board. because it's all about people from here the people the ability to create things. thank you so much for your insight and you see sophie build people are just as important as strategies technologies and of course the people are going to be talking for the next two days and we'll be keeping our viewers updated on exactly what they say. thanks out there was our correspondent. and we'll have more of last coverage from the global policy forum here in the city of us live next hour so stay with us for that. when the news is not enough. when it's something really crucial when you want to get down to brass tacks.

special coverage. this time the latest news from the global policy forum live broadcasts special guests discussions on the stakes in providing security and stability of the present day world. all right let's look at some other news now prosecutors are investigating the crash landing of a crippled russian airliner in the northwest of the country all eighty one people on board had a miraculous escape after electrical systems on the plane failed while it was in flight and it ran into trees party's top botton has this report. near reckless that's what experts and passengers a calling the crash landing of this plane in the russian tiger without anyone injured the most evil person we're learning ever in history and ended up in the woods the majesty crews arrived to find two week everything was organized very fast

this time the fleet week it was not for the professionalism of the crew we would not be standing here. the tupolev one five four was flying at ten thousand meters on its way to moscow from russia's far east when there was a massive electrical failure the plane lost all automatic navigation and communication its fuel supply and wing flaps were crippled meaning i had to land quickly and at higher than normal speeds even the lights in the cabin and cockpit went out by sight alone the pilots found an abandoned their strip in the depths of the forest and managed to land on the third attempt but the look of course it's not being used for what it was intended because it's a helicopter airdrome the ground was too hard and without any runway markings but you have to be a monster to land a plane like this what is most important is the insurance and ability and professionalism of the whole crew if the whole crew listens to their pilot and he

really acts with responsibility for the whole plane this is the main thing this means it's a professional crew the proof is that no one was injured on board the plane the runway was too small for the plane and it overshot plowing through two hundred meters of trees before stopping but despite the danger all eighty one people on board were evacuated to safety. investigators now pondering what caused such a massive electrical failure providing that to police what fifty four is not quite the brand your aircraft and i'm sure that that craft was manufactured probably at least twenty years ago where you would more. i believe there is a chance that they we plant was just more our. lines which owns the plane says it wasn't aware of any issues with it. huge investigation committees working out the site to find out what really happened before the flight the plane was functioning normally it is on the ground plans technical maintenance and preflight checks after seventy two passengers only two people

a married couple fused to continue their journey by plane they went by train there was no real panic when the plane landed there was slight nervousness because there were emergency slides and everyone was anxious to leave the plane as soon as possible but the stewards did everything well in the evacuation was done in a normal manner to the pilots helping investigators to examine the scene before following the passengers back to the capital in a few days but whatever the technical courses were already calls for them to receive medals for bravery and skill with the passengers now back in moscow everyone's awaiting the return of the two pilots and when they do come back it will be to a hero's welcome tom boston r.t. moscow. the u.s. navy has delayed the release of its plans to move more than eight and a whole thousand marines from their military base on the japanese island of okinawa the delay is likely to upset locals who are highly critical of the u.s. presence there have repeatedly requested they be moved under say their base is

damaging the environment and pushing the crime rate up or to shun thomas went out can now to investigate. since the end of world war two the united states has had a military presence in japan which some people living in okinawa are finding a nuisance. i don't hate people but sometimes we have a. because of the. song. for. america. around eighteen percent of okinawa's main island is occupied by u.s. military forces here we can hear the noise of airplanes which. have been maybe some crimes not only with this base but with other bases. as we know it's also. they also help the economy

and people from. bases or depend on the bases leading some to believe that in order to provide a more stable future there needs to be less reliance on the bases. on the direction and the more. we need to be independent. and do need to market represents in japan's house of representatives and is looking to bring about change. it has been sixty years since world war two seventy percent of u.s. bases in japan are now. know that there are security measures and programs and gleason asian countries we want the u.s. to reduce their bases. aside from noise pollution and space concerns one of the arguments against u.s. military bases on okinawa is crime according to the treaty american citizens attach

to the base can't be tried under japanese law now most of the crimes about ninety percent involve drinking and driving or are traffic related but there are a few high profile crimes which include rape and murder which have put a strain on japanese u.s. relations. crimes do happen the japanese security cannot deal. them directly they must go through the u.s. military base command then you have to simply trust them and it becomes very difficult for the u.s. military declined an interview with r.t. but did give us this statement. whereas a small group of people in okinawa vocalized that they are not happy with the bases many people there on mainland japan fully support u.s. forces in okinawa and to japan the realize the vital role the play in the defense of japan i'm for regional stability and security but getting the u.s. out isn't as easy as a vote by the people japan's surrender at the end of the war limits the country to

having only a security defense force as part of the treaty the united states officially acts as japan's military in case a conflict should arise that affects the country but now there is a small but vocal movement suggesting that it is time to review old policies that just aren't needed anymore. the situation in egypt has calmed there are no conflicts here any conflicts that exist or in western iraq and not here the people in okinawa think that the strategic value of these bases has diminished for the u.s. . but with china growing stronger as a geo political force in the region and the instability of north korea still a concern it is likely that the united states won't be leaving okinawa any time soon john thomas r.t. okinawa japan. the u.k. special envoy to afghanistan who's been an outspoken critic of military policy there has stepped down from his position. as speculations that search sharecropper

cole was forced out because of his views on the conflict artie's lower and that is following the story for us in london. he had clashed with u.s. and nato officials his line has always been that there is no military solution to the problems that we're seeing in afghanistan and the only way forward it's. some sort of dialogue a close in of relationship with the taliban and the military solution just isn't viable he also. in june two thousand and ten he took an extended leave of absence from his post and already a couple of months ago it seemed unlikely that he would return possibly a slightly less clear cut issue is whether he jumped or was pushed he was quite influential with david miliband who was the former foreign secretary before this new government came in four months ago but the moment the new government was appointed the new foreign secretary william hague put his position under review the

question certainly is did his skepticism about u.s. foreign policy in the region mean that he had to go and his job was to coordinate strategy with the us and with other countries that had troops that have troops in the region which is obviously a diplomatic position and diplomacy doesn't seem to be something that he either had much of or didn't didn't want to use this in this case and there's certainly a suggestion that he got into so many disputes with so many different people that they rendered his position really untenable now the interesting thing is that the foreign office in the u.k. says that the position of special representative is no longer necessary and that bearing in mind that the u.k. will no longer now have a full time special representative dealing with afghan afghanistan and pakistan that's a region that the new government itself has identified as a key foreign policy priority so that is an interesting point.

global security is going to be one of the major topics during the forum ahead of the event spoke to robert skidelsky who is a. historian he says the e.u. should consider russia's proposal for a new european security treaty. russia should become a much more effective part of the european security system and not be outside because the european actually european military is very very weak the only two military power in europe the french and the british the rest have to do anything really but this small and there's no unity. sort of no agreement to create something larger and russia has a has a has has good military forces and they're becoming increasingly modernize and specialized for the kind of work. that military forces have to do today which isn't to drool but to the top of the prince said from cia operations peacekeeping

operations and so on so russia could be a great asset for european security system and president medvedev has suggested a new security. that would be include russia and we should we should take him up on that and really see we'll walk we can do with it because all through russia is part of europe it shouldn't be outside the. and you can watch that interview in fifteen minutes from now on well here we are reporting live from. a city hosting the global policy forum know some of the stories making headlines around the world and the tories were killed when their bus overturned a northern moral code whether it's believed to have caused the accident that left another fourteen injured and are receiving treatment in local hospitals the country's authorities have offered to pay medical. costs. and

a filipino since the last day of an inquiry into efforts to end the hijacking which left eight hong kong tourists dead last month rolando mendoza took over the vehicle to demand he be reinstated in the police force standoff lasted for eleven hours before the gunman was shot by police snipers members of the investigation panel were shown every night of the failed rescue attempt and inspected the bullet ridden vehicle. hundreds of people took to the streets of los angeles to protest against the shooting of a guatemalan immigrant by a police officer protesters threw rocks and eggs at a local police station and officers responded with rubber bullets twenty demonstrators were arrested earlier about three hundred people blocked a nearby intersection as part of their protests. right and just to remind you for the next two days we'll be bringing you full live coverage from the global policy forum here in the russian city of yes and we'll be talking to experts scientists

and politicians every hour and of course we'll bring you all the other news updates from russia and across the world now it's time to join you mosco with the very latest business update. that's right time to have a look up the world of business politicians at least and some countries have given up the pretense of economic recovery and president obama this week called for another round of public spending to prevent a slide into depression but the debate is finely balanced with the others and europe determined to cut spending and bring down deficits so adamant that our polls . there at the bottom wants to another one hundred eighty billion dollars into the u.s. economy after a data suggesting the economy from house prices to jobs is shrinking again given his mood is at debating whether more spending will end a decade of contraction in the land of the rising sun the russians to face

a choice for the next few years we seem pretty standard. we see a combination of private increase spending which we believe. i believe to be private capital will return to russia over the next twelve months in a meaningful manner secondly we do see increased spending from the government as well combination of two should be the base for we believe to be five to six percent growth over the medium term the government plans to borrow more money this year but also spend their means of this to build zeeshan fund domestic borrowing is already accounts for over sixty million dollars and russia will be ready to issue your bonds in november according to the finance ministry. same story will be boring a lot in any case a deficit of three point six percent is anticipated next year we also focus the twenty twelve deficit will be three point one and two point nine to twenty thirteen

the current situation has forced us to borrow and we will be spending from the reserve fund next year. the reserve funds have shrunk to a third of their former size when that runs out it will glow hold in the russian budget unless the government can pump up its moorings or what. companies legs bank presidential elections less than two years away analysts see politicians we spending cuts limits you need to do a business or two most. time total called the markets off airing across the globe let's start with asia where the markets are up for the first time in three days a war is about europe's financial health east wall street investor sentiment improved as the pm we cheat a fresh fifteen year high against the dollar wednesday softened slightly. and in moscow the r.t.s. is up a tenth of a percent in early trade in my six figures that you can see right now all of us

that it's closing against trade in a few minutes. russia's credit rating outlook has been upgraded to positive from stable by features ratings the reasons for the boost up accelerating growth stabilizing banking industry and a flexible exchange rate policy from the central bank said it may further raise russia's credit rating if the government reduces the country's vulnerability to springs and oil prices. plunging interest rates have led to a three fold rise in boring on the syndicated loans market by russian companies corporate logos have jumped to twenty eight billion dollars from just under seven billion dollars from the year before for example an unsecured loan taken this year by a look or was about one percent higher than interbank rates last year a similar but secured loan by the same company had interest rates four times higher . and the russian car market could return to pre-crisis levels in three years' time

that's according to a new research from after stop russia would then be on the road with other top car markets like germany however many market watchers warn growth will be quick after start projects russian sales will be less than two women vehicles this year. russia's economy has a long way to go before the ruble becomes an international reserve currency that's the dominant view from a conference focused on the prospects for the russian currency key steps according to some analysts should be to boost the government bond market stabilize and diversify the russian economy until olivier great where the president of my six that's changed says russia is making progress. getting ruble to be accepted in settlements which is an important step and this is the first step towards the. making rulers of cars. and darrell who comes from icap says the

rubble is already attracting international interest the trading that we're seeing on the b.s. platform is growing month by month with all sort of three to six months we've seen huge increases in volumes and we would expect those bombs to double over the next six months so there's massive uptake we see in counter parties in hong kong and singapore in new york and chicago in particular all looking at the ruble so most of my inquiries now about ruble are actually coming from north america and asia my six aims to start trading in the yuan ruble cross by the end of the cme analysts say the trade will boost the profile of both currencies my success the initiative came from russia central bank and the people's bank of china is expected to launch the same trade. well russian oil company is increasing we're looking east several producers want to expand establish operations in china within several years after

a percentage of stalled a conference they could build new or refineries joints of of china meanwhile plans to sell more oil for that's to china vice president plenty of to do except look old for your chair is too expensive to asia as the fastest growing region. and that's all we have time for now join us next hour and meanwhile you can get more news small website r.t. dot com slash business.