no there but very little damning the wife. and they are the key to our problem our own writing.

in tone and. the new entries being called a new must be told by a swiss or to look cool cool ground to make your poke. from a gold these photos photos then the princess radisson hotel during cold dream hotels so if you tell some time or a grand conscious of the coach told by. told by close enough and even called a role in the region. russia and canada say the wall back down from territorial claims on a disputed part of the seabed thought to be rich with natural resources.

as the u.k. tightens its budget belt defense spending is in the firing line with the elite special forces unit the s.a.'s set to be hit the hardest experts warn the creation of a second rate military could be a disaster for national security. from boom to bust americans are waiting for the economy to snap back two years after the biggest bankruptcy in u.s. history which sent the finances of spiraling out of control. at another former yugoslav republic of skies to join the south stream gas project that and more in our business program in twenty past the hour. and find out why russian communists to have been stung by a sting now want to see the former police front man singing from behind bars.

worldwide news from the heart of moscow this is our welcome to the program where the race for the arctic is on and a canada has thrown down the gauntlet to russia moscow says it will prove its right to an area of the arctic seabed in international waters a claim canada is prepared to challenge for more on this we're now joined live by r.t. correspondent chris going to give us more details on this. rather anticlimactic press conference where you saw earlier both the foreign ministers from canada and russia essentially saying we agree to disagree what exactly is moscow basing its stance on and why is the art take the focus of such interest and it is. well agreed to disagree is a great way to put it since both russia and canada remained firm claiming that part of the arctic sea bed known as the a woman also fridge belongs to bare tories

moscow says that its claims are based on same to fix the fact according to the russian foreign minister said russia will continue sending expeditions to this area in order to gather enough scientific proof for the international community to recognize the support of the russian landmass. and to the should be for the limo and also the loam and also bridge was discovered by russian explorers look today we want to prove scientifically that it's a continuation of the marine life in providing our data to the un as a candidate and now denmark is also thinking about leaving clean to the woman also of rich but any such claim must be based upon scientific data provided to the un commission and do you have the last word in any case. in two thousand and seven a group of russian scientists descended. on to be alone also fridge study of it and

found concrete conclusions that it is a continuation of the russian land mass they've been planted a russian flag there and then moscow has filed a request to the united nations asking the international community to recognize this area as support obviates to tell you what the united nations has asked for more a saint if they can evidence meanwhile canada has also filed claims on their state are you saying back to the a woman also for h. is support off the canadian stage or yeah and in fact just previously the country's foreign minister has said that establishing itself at the arctic is one of the main foreign policies for the country and now he's also pledged that candidate will continue sending expeditions and studying this area as well. we will submit our data on the loan is awfully age and we're confident that our case will prevail

by scientific evidence. the arctic is a huge area and currently doesn't belong to any country but at the same time it's thought to hold up to twenty percent of the world's untapped resources of gas and oil which makes it quite an attractive area for many countries to go to early days here perhaps a bit premature for both sides to be apparently locking horns with so much at stake in the arctic how do you think the situation could turn out. well apart from russia and canada other states are also keen to stylish themselves in the octaves and they include the united states denmark iceland and some other countries and this me a lead according to some analysts me lead to some type of all over conflict because this is. the stakes are really high because of these extreme reserves of natural

resources and this me lead to some sort of problem an international problem on the other hand other analysts think this issue will be resolved peacefully in fact just now during the meeting in moscow the foreign ministers. have pledged to resolve the dispute strictly diplomatically and scientifically and there is already an example of such a dispute could be resolved peacefully just recently russia and norway resolved a decades along the territorial dispute on their borders in the bar and sea and now first of all to establish the border and also to share the natural resources which are held in that area so hopefully that will be done in the in the case of the arctic as well all right our correspondent you go to chris going to live from outside the russian foreign ministry here in moscow thanks. well still ahead for

you this hour here on r.t. you can join our close up team as we explore the. region in the russia's far east. in between the russian mainland japan and the sun coming island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. british special forces are undergoing the biggest cuts since the second world war the ministry of defense needs to downsize the elite s.a.'s after having its budgets and while the decision may save the government a few pennies many say the cost of axing members of a global asset spells a disaster for the country's future. and that investigates. weld renowned elite notoriously camera shy these are britain's special forces at work in

afghanistan they're seen as one of the greatest assets the u.k.'s army has to offer but even they aren't immune from government cuts the ministry of defense is being forced to save between ten and twenty percent of its budget for the s.a.'s that will mean getting rid of those too old for combat duty and axing one of its part time battalions both paxman used to be in the s.a.'s and now help servicemen to overcome post-traumatic stress disorder he wonders what will happen to men who've spent their lives in extreme situations and my concern would be the vast numbers of going in they're going to be out of work that have been in military environment. combat environment hostile environment for a number of years all of a sudden they go off on themselves with a skill set that they can't use in the civilian community pretty harsh offer of. a job some say the decision to axe old soldiers is

a false economy they're the ones with the know how and in valuable experience but needs must and as the u.k.'s economy shrinks so difficult decisions have to be made and economists are urging a proper look at what the u.k.'s defense needs actually are rather than just paying off a bit here and there i don't think that sort of. approach is really going to work i think what you really need to ask is what britain's military needs going to be over the next ten twenty thirty years and so far as we can predict them and then design your own forces to actually accommodate those strategic concerns over them just trying to save on paper clips and u.k. special forces have been active in all the major conflicts in recent years iraq kosovo east timor and now afghanistan where nine and a half thousand british troops are currently deployed but the question is whether the press. army will be able to play peacekeeping or military roles in foreign conflicts in the future and that at the same time as rising economic powers are

increasing their military forces it's going to create some there ever since from a period in which nato countries. but also european countries enjoyed a certain technological superiority. not just discomfort defense cuts ultimately mean european countries will be increasingly dependent on multilateral alliances to ensure their national security defense review is currently underway with results due to be published in the later what insiders hoped for is a wide reaching decision on the u.k.'s defense priorities what some are afraid they're going to get is paper shuffling and useless cut backs in britain's already overstretched armed forces. r.t. . it is just now turn ten minutes past the hour here in the russian capital you're with r.t. as the u.s. deals with a bankruptcy foreclosure americans are looking at who's to blame for the current

state of their economy some are pointing the finger investment bank lehman brothers and its demise drove the country into debt. and explores the impact of that event. two years have passed but is anyone wiser the u.s. marks the second anniversary of the largest bankruptcy in its history investment bank lehman brothers holding six hundred billion dollars in assets fell to its knees becoming the tipping point of the financial meltdown in panic attack mode the u.s. stock market went through the biggest points fall in one day since the attacks of nine eleven it was sort of a crescendo at the same time it triggered off a number of other events you had ripples throughout the global financial system apart from losing its dignity and credibility wall street went unpunished. to us where do you see anyone getting one hundred fifty year sentence if you have

learned any real lessons are they more frightened than worried yes are they more careful yes can they afford not to take risks again no for more than a year now unemployment has remained at more than nine and a half percent however most analysts say that number is closer to twenty and it doesn't stop there what really hurt america was the focus on housing and the subsequent collapse in new york alone homelessness has gone up a staggering fifty percent women know what it was doing but more importantly the united states government know what lehman was doing many are still skeptical that the worst is over during this classic downward spiral that puts the american economy into worse condition than i had seen in my lifetime and i've been around a long. two years after the failure an inquiry into who is to blame is still

ongoing but if you expect any real results any more killed this amounts of taxpayer tacit been poured into the system to below corporations throughout the crisis but not lehman brothers considered by the us. not to feel. better you hard earned lots more see by the people at least that well not really because helping the u.s. treasury to overcome the losses from the sealy or continue the american taxpayer money traditionally footing the bill for all of the states in the country and parts of new york. on the way for you hear. about american troops in. operation the likelihood that success. but now it's time for some but you don't have to pack your bags just join

a close up team as we continue to explore the varied and inspiring regions of russia. in today's episode we take you on a journey to russia as a region in the country's far east. part of the country where the beauty is only matched by its unique wildlife our crew had a chance to experience the serenity of this island first. risking life or limb special troops to send those speeding boat in the middle of the pacific. in the russian far east this is an almost daily routine. illegal fishing for millions of dollars.

along with a team of officers we come on board a fishing boat they check documents to see whether the vessel had any right to fish here. this particular boat was legit but officer got a boost said this was an exception rather than the rule and xander told us of the biggest highlight of his three years of service here. we identified a vessel belonging to poachers we asked them to stop and fired flares they didn't reply so after an hour we had to open fire after about twenty minutes they stopped probably being too scared of a suiting at them that was one wild chase alexander came here from the other side of russia and despite nonstop action and hard work he enjoys his time here that is because he projects natural beauty from human harm the beauty which is visible from the very first glance. tucked in between the russian mainland japan and the

circling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit is now the speaker rest place is open to tourists unique plants and animals are its top attraction. the island is unique because it is located far from the mainland and is practically untouched by humans that's why many endangered species or both flora and fauna can be found here the underwater world here is also unique because a warm currents in the sea when you're on is by ride of the far east.

he has been exploring the deaths of the world seas for several decades but it's here at morn your own island where here is finally found what he'd been looking for . the water here is very clear the visibility is very good and the underwater world here is extremely rich i've been to many diving locations across the planet including the island of bali but mine are on top of my list while some go to the cycling region to enjoy the sights others convert the islands nature's riches into a healthy dollar it is home to the biggest seafood processing factory in russia the tonight shock hundreds of thousands of tons of fish get caught in the nets too late to produce delicious salamon caviar and necessary attribute of any feast in russia the owner of the enterprise says a good fishing season can bring in more than one hundred million dollars net profit and to a large extent this is old to do what succulent offers environmentally the tonight

show operates in only and natural habitat farms selman the feed you have to give them a lot of. all sorts of man a thin line to biologics and things like that to make sure that it actually survived and this is the natural environment and again while filming is certainly much better than many farms basis it's a natural product if you can see the fish is alive we deliver it live to the factory and you get the best product you can get a mild climate unique natural sites and delicious seafood succulent can offer a diverse holiday for those who are not afraid to travel ten thousand kilometers from europe the question is whether this distant land would ever be able to become a major tourist destination alexi russia ski odyssey reporting from the cycling region. and now to some other news making headlines around the world u.s. led forces have launched a crucial for ocean in southern afghanistan in the district where the taliban

movement originated the offense in the province west of kandahar comes as a last push to stabilize the region by the end of the year the region is known as a hotbed for insurgents it comes ahead of a white house review all of afghanistan policy plan for the year off the president obama a thirty thousand troop surge in the country former u.s. state department official matthew hoh says the operation in salary is unachievable because of its military approach what i would like to see us do rather than go in there with a surge of troops and try and militarily defeat these guys which is not possible in my estimation because the taliban in that area takes so much support from the population themselves so instead of trying to and in so instead of trying to go in there and basically outmuscle them and defeat them and work with them negotiate with them talk with them address their grievances kinta what we did in iraq in two thousand and six and two thousand and seven and province in our province we turned

this sunni insurgency on to our side and against al qaeda that's what we need to do in afghanistan when we went into afghanistan in late two thousand and one we stabilize it we just we've increased one side put the other side into power we never addressed those underlying root causes of the conflict getting back to. the west of kandahar going in there what the people why the people would turn to the taliban supporters because they see the government as being outsiders they see security forces being outsiders and of course was coming in but foreign troops so that's why they turn to the taliban for protection. that was former u.s. state department official matthew harp all right to some other news stories now affecting the world headlines a blast in southeast turkey has killed at least nine passengers aboard a minibus officials are saying the bus hit a landmine no one has claimed responsibility for the blast. militants have recently carried out several roadside bomb attacks in the area and their fight in the. a

mortar attack by palestinian militants and the airstrikes by israel formed a grim backdrop as middle east leaders in this latest round of peace talks u.s. a brokered negotiations between palestinian president mahmoud abbas and israeli prime minister benjamin netanyahu in jerusalem have produced no agreement the main issue on the table was whether israel would extend its existing suspension on building settlements in the west bank the palestinians say their future meetings if the construction continues. the pope has arrived to the u.k. for the country's the first visit by a pontiff in more than twenty five years you'll meet the queen before holding an open air mass in glasgow tens of thousands are expected to attend the event in hope of catching a glimpse of the religious leader but tickets have not sold out and protests are planned over the vatican's policies on issues such as gay rights and abortion. and

on the other side of the world unexpectedly wild weather has brought extreme conditions across the australian island of tasmania thousands of homes were left without power as heavy snowfall and icy conditions battered the state official say winds have exceeded predicted speeds of one hundred twenty kilometers per hour in the higher regions locals continue to brace themselves for the coldest day. well russian communists won the british singer staying put behind bars the famous artist has been criticized by communist party members peter. when you got a region over is called to legalize marijuana despite receiving a well from the party brand of the pop star a drug pusher and an enemy of helpless criticism has also been leveled against the police for failing to arrest sting at a concert in russia earlier this week. it's. time now for the

latest business update with current. had a welcome to business. good to have you with us another republican former yugoslavia has agreed to join the south stream project prime minister of the republic of sept . was in moscow on wednesday to sign a cooperation agreement on the south korean gas pipeline russia's energy minister sergei cost said it was in the interest of europe to quit favorable conditions to south stream thirty that there was no way alternative to the project and i'm going to work with were being told that the project is too expensive and this is not needed in europe i'd like to draw attention to the fact that the gas will be sold at the market price that will be formed in europe well the european consumers should not be worried about the cost of the south stream construction this is

a concern to shareholders that there is an offer in europe the more market price will drop which is in the consumer's interest. that we are absolutely sure that there is no alternative to the south stream project confident that the construction of the south stream will provide regular gas deliveries not only to the whole of southern europe but also to many consumers in the rest of europe. western pipeline operator transnet investment group so much capital by the black sea port of nova said no but i see in a bid to integrate russia's largest port operator include oil trans nafta and so much capital already control gold sea port of primo disk combining the capacities of the two ports could create the largest company in russia the deal is the estimate at around one point eight billion dollars and the two companies will hold fifty point one percent of the board on a parity basis. russia's ministry of natural resources has suggested liberalizing

strategic oil fields the ministry said of the colored legislation only allowed and gas problem to exploit the shelf in russia according to the ministry's head an increase in competition would allow for quick development of new oil fields. and the russian government is busy promoting modernization of through the reform of taxes and regulations but as business r t found out to innovation can only come from companies themselves but to the question of visited one company she reports one tact we lost that's rebuilt on the ground. i'm glad i live should surprise glance into newly built bright orange factory just five years ago the brick plants do abandoned now it's revitalized and efficient small companies got the labor to modernize their party out of this. obviously this is harming our families will work our. way out.

but. my dinner says it costs fifteen million euros to modernize to factory the money is recouped through great efficiency the workforce has fallen from seven hundred to just a one hundred or even or four when the plant became only economic the management decided to restructure it we are now five times more efficient sadly this story is an exception and not the rule russian lawmakers have been working with businessmen to try to stimulate innovation but there is a big gap between wards and action all of the private business going back to the modern era modernize russia government can only create conditions for this actually being brought from being one of the protect property rights or school rights but let the private sector invest the likes of the businessmen and welcome the government's talk about reform but much of the economy is still frozen after the crisis companies are unwilling to borrow and innovation waits for the upturn my new

question of business r.t. . looking at how the markets are doing asia's stock markets along first day tokyo stocks ended almost flat after hitting a five week high as the vienna failed weakening farther yen tumbled off a fifteen year high against the dollar go to japan for us intervention and sixty years of that and that fourth of the benchmark hong kong's hang seng is trading lower as well. stocks in europe are mixed and morning trade britain's footsies a read ahead of another set of us. jobs data had news that british retail sales fell in august for the first time since january shares are down two percent on the footsie followed by rules forced you all named jesus down one percent on the tax that's trading in the red as well. it must go beyond yes on lies it's a roll so and the read on the downturn in asia all of the blue chips are losing value dragged by financial and telecommunications stocks with raw.