all of these resignations now when the news dad came in in the city hold the colleagues over their version of the moscow mayor say that they wore out quite surprised by this announcement but it's muscovites we're not surprised because there has been a number of speculations about this in the russian media recently and muscovites have been waiting for this decision to be made if not for the past eighteen years of easter and at least for the past couple of years and here's why. the constant feature of the moscow mayor he's a legendary cab has been the subject of amusement throughout his eighteen years in power selling his custom made silver capped it's an auction of kindly granted a moscow nursery home the one million u.s. dollars each raised his mayorship meanwhile needs more than just one cap to cover the bald spots of his career he started making his fortune on the economic crisis of the late ninety's rumors of money laundering have haunted many of his multi-million dollar construction projects across the capital there's lots of

problems in the city namely there is no affordable housing for the most provides or there is a problem of people cheated by the construction pyramids these two and others have to be dealt with before any question about future employment of them a lot of the discussion while the country was losing money during the recent economic downturn in two thousand and nine income increased however the mayor claims it's not his money but he's wife's feet and about doing that is russia's only female billionaire she was a property development company and many claim it's political clout that lands her the deals both in wash and abroad is known for his strong anti-gay stands never authorizing and even cracking down on gay pride parades now sure parts of our society with healthy morals do not accept my most they just don't accept either her going to go for the last summer may blame him. for mishandling the seaview smoke

situation in the city on toxic smoke for almost a month as wildfires rage while he was on vacation out of the city. this is one of course every specialist should be responsible for what they are interested with you said up with him if for example the mayor of moscow comes back from holidays starting next day after the smog over the theater has his old which was the case this time and i think it is unacceptable he should have been here half an hour after the small looks like school has been concentrating a lot on his house rather than that of this city's residence. i don't drink maybe i'm missing out on something but for more than thirty years i haven't had a drop. the money that the russian government needs to improve infrastructure rarely make it to the ramshackle roads of moscow he's also been criticized over the deconstruction of the city's historical and architectural heritage after he's long gone. goofy on the streets of the russian capital and then we are at sea.

and for more on the story we're now joined by the political analyst from the real news agency major thank you for being here with us as we have just heard from our correspondents tell you not because the fate of your list of what will happen to him has been a matter of intense interest and speculation in the media lately now that he's out of the office what do you make of this what will happen next what does it all mean well we haven't seen so far that kind of that's going to respond here it's obvious that to replace him with his deputy mr ricin doesn't make any sense because mr ison is a member of team sold to remove call for an order to appoint someone from the same team just doesn't make sense to me so what is likely to happen what sort of scenario do we have in our hands do you think this dismissal creates a vacuum there like nobody knows what will happen next or there are well there is little business uncertainty. certainly it's not very good for the city

right there all of them in the winter period begins the city where about fifty million people live i mean it's a multi million well i would still say about thirteen million together with a region by stewards of all of the most densely populated cities in the world that it's a country within a country so to speak well absolutely something needs to be done real quick but you know let's talk more about what led to the situation i mean the person has been in office for about twenty years must've done something fundamentally wrong that led to his dismissal. well i'm not sure because stocks a bottle of course there is ignition have been circulated many times during his. twenty years alone he knew and especially in the last three years i would say that would call was one of those governors who were also pretty since there were about six or seven or more in russia. all of them were removed on the president medvedev for president shamy

of. president to do. if you are the draw so in yoga didn't work and you know of these cases a lot of people predicted that the local economy would collapse there would be told the ana kiba blah blah but so far nothing of the sort happened sold is the finally . the federal policy felt reassured enough to try they sold well off was a member of the ruling united russia party but it seems now at this point if you have look at the media the people across all political spectrum seem to be happy that now why is that well certainly has been involved for too long i think if he left a bold five or six years ago he's historic legacy it would be judged the world in a world more positive way than now. but still you know we should remember that the wish goal was a member of the sort of on

a position of party in the late ninety s. just the seris year mother went all russian fundamental russia which also made a claim to replace president yeltsin with their own candidate mr primakov so visit that was not forgotten speaking of louche cause legacy what were the highs and lows in his career well i think basically the man is associated with more schools so it was not only his will that. i would say that in the early ninety's say he was a supporter of democratic change i remember him helping organize their protest march as in one thousand nine hundred at that time he removed gorbachev boarded from his office because gorbachev was a bow. through these three meetings. in the late ninety's early early years all these decades he boarded there or three tarion drowned in russian forty decks i don't think it was his fault i think that it was just a basic societal change that he had before. said that what will usually sets the

transfer russia in the early ninety's it was the trend towards democratization. in this decade it was the transfer was. centralization whatever you call it and. almost spearhead that these set of trance while the zero year is. certainly a prominent figure a politician and there's a lot of speculation there in the media and many analysts to this point say that this is part of a political struggle struggle for power between medvedev and putin and usually associated with. putin so what do you what do you make of this statement i'm not sure the. power struggle has anything to do with it i mean at the top echelons of power because i'm pretty sure there are these three placement was agreed with mr putin. in general i think we can only guess

what was the game at the top of the result is there one of the few remaining independent governess who made their careers independently all of the current leadership of the country so that was removed and unlike the president. or the other people he was fired he did not create on his own will so that's a new situation and certainly president medvedev has shown his will and his political maturity by doing that we will see if the events prove him to be right if nothing terrible happens to almost one year ok he has been in office for twenty years will. i know that he must of created an stablished some ties with our politicians and votes but why is it that in this situation he's standing by himself he's all alone there is nobody who is supporting him. obviously because he has been in power for too warm there is a widespread feeling in mosque or there is

a sort of call for tea people expect someone else to do the job and that's how told you five if he had grieved for ideas a goal certainly it would have been better for for his historic legacy. by the in general i would say that he has. a history of staying you know in the way ninety or so there was a real power struggle between yeltsin and will and the old system could not get rid of him because he would seem to be in the store indispensable and was quick. all right mr bobbitt very much appreciate your views here on r t political analyst from ria news agency thanks very much indeed. to other stories now here in r.t. after serious talks and deals in beijing russian president dmitry medvedev is wrapping up his visit to china on the third day of his trip he's in shanghai where he's already met chinese vice presidency jinping considered the most likely successor of hu jintao and he's now in reports. today is all about innovation and

the future and what better place to do that but at the shanghai expo twenty ten dmitri medvedev open the day of russia giving a speech he also held a bilateral meeting with seething ping who is the deputy chair of president hu jintao also thought to be the most likely candidate to take over in twenty twelve so many people saying this is kind of a ground laying meeting a way to connect ties with the person that might be leaving china in a couple of years to come well the two are going to tour the chinese and russian pavilions they're said to be the favorites this time around they have the most impressive stands the lines for those to put billions are said to be the longest what's on display in the russian pavilion while russia's top tech and energy companies including last nano which obviously is a nanotechnology corporation and that's part of a bigger project which is plans to build a silicon valley like tech village just outside moscow to bring together the

greatest russian minds to work on future innovations and this of course is all part of a much bigger picture and that are the president's plans to rapidly push forward russian modernization. when you go to missions this exhibition is a unique chance to speed up the mother decision to farrakhan i'm isn't institutes and of its development is certainly the choice of our country we're following this path and will do everything for economy to modernize change and death to modern life. by the president has been here for a couple of hours now like i said we're still waiting to see what he has to say about the russian two million but we are hearing that it is expected he will very much like what he's going to see. and he's now reporting there and we have lots more coming your way on our team clothing something out of this world. witnesses have described these craft pasts disc shaped or cylindrical shapes. and these

men think aliens inside those crab have the power to gain control over a nuclear warheads. north korea's leader kim jong il may name his successor with an hours as the country's ruling workers' party gathers for its biggest convention in decades ahead of the key meeting kim yong has promoted his youngest son kim yon own to the rank of general which is seen as a first step of a power transition no official announcements were made concerning the move and it's been shrouded in mystery as our discussion as our reports that is common in north korea in the twenty first century everything is global and all kinds of information is available online but there remains a spot of mystery in the worldwide web and that is north korea now many are pretty trade secrets like my colleague alex said access he was one of them to visit the place and hopefully will share his impressions a alex so tell me you were in for a gang what's it like what's your biggest impression be honest with you when i was

going there i felt a little nervous having read all the stories about north korea in the western media that it's a scary place told a different sort of scary things when i arrived there i thought it was nothing like that but the one thing we should resume the most of the first days and first hours being if you're here i saw a building on the other side of the road from my hotel it had no curtains on windows and i asked one of the former assistants why is it like that he said well if you have curtains in north korea means you have something to hide so i got the impression that this society is open to its own government whilst its government is closed to the rest of the world that he is the societies close to the world as well world attention is turned on north korea for the first workers party meeting. in thirty years there are rumors of imminent change but that according to those in the know is premature. i don't think we should expect any dramatic changes right away because power in north korea is built on the principles of succession and

continuity kim jong il became a leader first and foremost thanks to his image of a true follower of his father's legacy ideas and not to some distort of the foundations or as the person to lead the country's policy into a sharp turn so obviously the same is going to apply to kim jong il's successor. north korea's nuclear ambitions troubled the west and the secretive states tightly policies and everything has been successfully used as a tool by countries such as the united states. the united states in particular need a bad guy in the region to justify their military presence in the southern part of the korean peninsula and japan and for deploying their missile defense systems there which they've done somewhat more actively than in europe until now the u.s. and allied military presence in the region was justified by the soviet threat but it's been twenty years without a soviet threat however the united states is not going to give up military alliances established during the cold war and now it is very convenient to have a bad guy in pyongyang that can be used as

a scapegoat for everything. to north korea the soviet union was the very opposite of a threat especially in the korean war of the early one nine hundred fifty s. the u.s.s.r. came to see as many socialist states possible was happy to. against u.n. troops. but the veterans of those battles only recently got the chance to talk about their memories for them it was yet another war that didn't exist for us when i was there for a year and a half and when we came back we couldn't talk about it we couldn't even hint those that died were buried and the notes to their families would read killed in the course of duty where when how that was not open for discussion it was hard but it was tough of their of course seventy seven out of seventy eight green cities were destroyed almost completely and yet everywhere i went by so people trying to rebuild homes roads everything we'd see women on the road carrying their kids and

their belongings to a new town and would give them lifts we weren't allowed to but we did. when the eastern european communist bloc fell apart its influx into the north korean economy plummeted despite the fact a close relationship is maintained by moscow n.p.r. the veil of secrecy is not helping to boost economic development north korea remains one of only five communist states in the world and by far the most mysterious country on the map. gas units r r t moscow and later today learn more about what's going on in the world of international policy from the head of the state duma foreign affairs committee constantine cos a child is a guest in today's spotlight. they are said to be able to cross galaxies but people who believe they are out there

want to know why want to visit earth a group of former u.s. servicemen is convinced extra terrestrials are interfering with nuclear weapons as artie said rick explains. perhaps few things say normal or routine more than a daily dose of coffee a cup of calm in what can on any day be out of the ordinary. out of the ordinary like a nuclear holocaust out of the ordinary. let's say there's an attack from where doesn't matter it could be north korea iran pakistan. if that were to happen if nuclear payback wouldn't happen. but. that's a claim made by the men in this room are missiles began going into what's called a no go condition or on launchable essentially they were disabled detailed in this

report full of court sanction sworn affidavits the witnesses have described these craft s. disc shaped or cylindrical shape or spherical if you think what's being said inside this building is completely ridiculous you might want to consider something my name's robert hastings thank you for coming these are men who might know what may have gone on their former air force missile launch officers missile base officers who say u.f.o. spaceships flying saucers make nuclear weapon systems go haywire in one thousand nine hundred sixty six according to a launch officer david sure his missiles were temporarily activated just as his security guard was reporting a bright object moving from missile to missile to missile. a and it's not just in the united states also. in russia the idea like in one thousand

eight hundred incident that happened in then soviet ukraine given the fact that these incidents have gone on over there including one incident of their missiles being temporarily activated want to u.f.o. was hovering up. the missile base identical to what occurred here i think we can rule out that who whoever our pilots in these craft are either american or russian . maybe they're right maybe they're wrong. maybe there is no way to ever know but if they all are right and in out of the ordinary day is about to unfold. remember the saucer set of moon r. t. washington d.c. time now take a look at some other stories from around the world and washington has said it is disappointed over israel's refusal to extend a ban on settlement construction in the west bank the u.s. special envoy will try to sell that for a new place talks now threatened by the resumption of building it comes as un secretary-general ban ki moon told israel west bank settlements are illegal under

international law. at least thirty people have been buried under a landslide in northwestern colombia mudslide swept over people as they were crossing the road the search was suspended due to dangerous weather conditions but rescuers are due to resume taking the rainy season has caused flooding and ruined roads across the country and recent weeks. and it's time now for a business of days karina's here. hungry for the food we've got. the biggest issues get a human voice face to face with the news makers. in

. iraq and to business as thanks for joining me as of been reporting in the main news the man of moscow you were called has been dismissed by president medvedev called his rule the city for eighteen years of his he said the planning conditions for construction business r.t. spoke to the head of penny lane real estate agency about the impact of his departure on moscow's market we expect a very long period of time when everybody is frozen nobody is approving giving any permits everybody is stuck waiting for new orders from the new. they all are worried if they could do something wrong they will worried because all of those to follow as they do not really know who will be on top tomorrow before he

then says everybody is stuck with no job going on. i believe that this would be a huge come to the industry. foreign banks in russia are going on a recruitment drive because of a record rise in ruble bond sales while the sale of foreign currency bonds by russian borrowers to stop twenty seven percent since two thousand and eight ensures a rubles has jumped thirty six percent to a record seventeen billion dollars confidence in local debt has been lifted by the recovery in the oil price and small currency fluctuations for the first time in two years companies such as torture bank and h.s.b.c. are looking to employ new staff to cope with the demand. and bad debts that russia's top banks have reacted have breached twenty percent of the loan portfolio the hudsons the beginning of the crisis the international finance corporation part of the world bank says russia needs to develop a market for bad debts so banks can clear them from their balance sheets timothy

kraus from the i have seen says the company proposes to jump start system to jump start the system with a two hundred million dollar fund. i think that some of the banks here that are trying too hard to collect their loans are not paying attention to their core business and their market share will shrink and they'll be left holding paper that's not worth anything i think the thing is to create a market so you have a market you need buyers and you need sellers so we have plenty of buyers here capitols not the question i see provides financing we also try to match the buyers and the sellers right now we don't have enough sellers there are not enough banks that want to sell their corporate loans so there's loans to small businesses they'll sell retail loans credit card loans things like this but they won't sell corporate loans yet there's too big of a gap between the price banks think that they should get thirty forty cents on the dollar but buyers that are coming into the market they're not willing to pay that yet there is no track record yet we need a precedent we need

a first sale to occur and then prices will go up after that when people see that you can actually collect on bad loans in russia why hasn't the bad that markets in russia emerged naturally off its own accord it's a little bit of a cycle psychological issue i think no one wants to admit that they've made bad loans it takes a while to get prepared for this and i think once banks think it through once they see that they're not making progress and restructuring corporate loans once they understand that they're not going to make much progress it makes sense for someone else to give it a try someone that specializes in this business liquidity has a longer goal stop being the bank's main problem do you really think about clean a balance so how banks lending i think it will because banks don't have to allocate capital to the bad loans that are sitting on their books if their management doesn't have to devote time to the bad assets that are sitting in their bank they can spend time doing what they do best which is to originate new loans there people

can go out and figure out which corporate lenders are the ones that are most credit worthy which can be their best clients allocate capital to that that's what they need to do. and let's have a look at how the equity markets are performing most asian stock markets are retreating as a luckless a showing by wall street extends across the pacific japan's nikkei down over a percent with exporters hurt by the yen is resilience hong kong's hang seng is losing under a percent as well and shares in europe extend losses an early trade on tuesday investors are worried over the banking sector and peripheral eurozone countries markets are awaiting the release of economic data as well cameron russell markets appointing da words both r.t.s. and mars it's a losing under percent all the ships are in the red on both the forces with energy majors losing most lukoil is down one point eight percent followed by well snap at gas pump. the world's largest element producer who saw wants to increase its sales

in asia by fifty percent by the end of the year as a first step the russian companies signed a letter of intent with china's growth industries corporation or norinco to acquire a stake in its sales and marketing subsidiary under a long term contract will deliver to asia up to two million metric tons of other million dollars a year worth more than four billion dollars and knowing current i will invest in production in siberia in order to increase the volume of high tech living and production sales on the chinese market. that's all the updates for now i'll be back with more and about fifteen minutes from now doing it that.

every month we give you the future we do understand how we'll get there and bring the best in science and technology from across russia and. around the world. join us for knowledge update on r g.

welcome back this is our t. here's a look at the top stories moscow's long time mayor has been given the sat after nearly two decades in power dmitri medvedev side of the loss of confidence in a mayor as a reason for his dismissal. and what's next for russia china relations retributive figuring that out in shanghai being with a man who might just be the next leader of china vice president sees you paying is sought by many to be the most likely successor to hu jintao. could aliens have control over the world's nuclear weapons a group of retired u.s. air force officers thinks so and they've given sworn affidavits claiming that

strange events from ukraine to the u.s. can be explained by looking to the stars. while russian officials are doing all they can to stand the inflow of drugs from central asia police are also dealing with the problem of amateur camis making their own and they're finding that simple household products are all that's needed to make an illegal back. alley the north korean leader expected to name his successor r.t. talks to an expert on the peninsula xander. personally. in the twenty first century everything has become globalized there is practically nothing that a person can find on the internet on the phone or from unknown sources but north korea remains one of the very few enigmas in the twenty first century and to talk a little more about this a fact we're arteaga.