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car. market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to conjure reports . of often r t let's now have a look at our top stories for this hour president dmitri medvedev visits. russia's

karylle islands has sparked outcry in japan which claims the territory as its own islands came under moscow's control at the end of the second world war and are believed to have vast oil and gas reserves. as u.s. troops leave iraq the local forces are struggling to contain surging violence on sunday fifty two people died when militants seized a church in baghdad demanding the release of all prisoners in iraq and egypt. and a song to this proposed new source of green nuclear energy which could end the world's dependence on fossil fuels but not everyone is convinced though you actually is the fuel of the future. so russia is pulling out all the stops to boost its high tech sector and reduce its dependence on natural resources talks to the man who's got an important task to develop russia's innovative potential modernize the economy.

that's a special mr i mean thank you for being with us today so why did the authorities decide to build a novation center from scratch rather than use takes base of science cities switch to moscow region alone has quite a number of good i often joke of skin for instance. little. firstly this innovation center isn't designed to be the same as a science city in soviet times science cities were built in our country as centers for scientific research the way i see it skolkovo is primarily a commercialization center the military industrial complex was the main consumer of products of sciences he's. everything is different its focus is on the junction

between applied science and the commercial use of innovative technology products this is due to the fact that the market provides consumers for innovative products and development the consumer being primarily the population itself therefore the infrastructure of the existing science cities doesn't adequately meet the requirements for these objectives it is more often costly to reconstruct them to build from scratch moreover there is the issue of mental heritage the existing science cities also include the people who live and work there it would be hard to integrate them into a new framework. does the present emphasis of innovation centers mean that the idea of techno parks is no longer relevant. i don't think so unfortunately in our country techno parks were created rather as construction projects building property and leasing office space due to a lack of systematic development an understanding of international experience to what is a fundamental difference between a techno park and an innovation center to the particle. as

a rule techno parks are focused on a particular industry the skolkovo innovation center is much more diverse and far reaching however it doesn't eliminate the need for techno parks including those in other regions plus there's a possibility of bringing them within skulk of a sphere of influence skolkovo is also a pilot project that can be expanded further. because that's. the third is have high expectations regarding an american venture capital funds investment in skulk of the y. americans and what can we give them in return for investments that investors are afraid to invest into corruption and difficult business conditions as they put it. firstly i think it's rather obvious why we want the americans silicon valley is the world's largest innovation center today this means that it has accumulated the largest wealth of experience which is closely related to investments we're interested in international investments in russia's projects not merely for the

funds themselves but primarily for the experience competence expertise vision of the market understanding of mechanisms and technology of business dealing that a company investments. i venture investor always brings his experience along with his money when investing in a business and experience wise american phones are certainly the most experienced today. having visits skolkovo last spring some investors criticize the project citing a lack of scientific minds is russia planning on involving russian experts from the west. i don't believe that in the modern world it's actually ness. sorry to physically bring people back from the west from developed economies where they've undergone training in international universities and research centers rather establishing efficient and mutually beneficial cooperation with them is important while the modern world doesn't really require someone's physical presence as long as they participate in a project in my opinion the development of technological diaspora networks has

become a commonly accepted concept for instance the world bank has been particularly researching the impact of technology including the russians on their home loans in my opinion establishing efficient cooperation with these is more important than bringing a certain limited number of our fellow countrymen back to russia. even though this is something that is possible and is also worth doing. well. well in your opinion is there a guarantee that's called will not turn into yet another costly but inefficient project which we have quite a few unfortunately how much does russia actually need it. more. in my opinion political will the will to carry out the project and an understanding of its necessity are the only possible guarantees as for the necessity i believe we absolutely do need it every historical period of the

country's development every era has its challenges the challenges that russia is facing today aren't the same as fifty or one hundred years ago the soviet period science cities were responsible to the challenges of the time the scope of innovation center project is a response to a completely different challenge a challenge of the market and integration of the russian economy into the global innovative technology system i'll say it time and time again that the technological market is always global by definition and it always serves the needs of a particular individual a consumer and people's needs are very similar worldwide as people are very similar around the world cellphones are a classic example of the up to date innovation product the entire world has been using the same cell phones any attempt to develop a national cell phone would be in saying this is the globalization of technological business that had never been seen in previous forms of business several years ago one often saw a sticker saying made in the usa or even earlier made in the u.s.s.r.

recently we've been seeing more and more sticker saying made in china but on the latest technological products the sticker looses its meaning the back of an i phone reads designed by apple in california assembled in china which means the product was developed in the u.s. and assembled in china using parts produced in other countries. one of today's very significant challenges for our country is the fact that we're poorly integrated into these international net. of added value to be more precise were integrated into them at the lowest levels a suppliers of energy resources raw materials and lower level process products however in order to meet today's challenges and to make our economy competitive at the next stage of development our task is to integrate into this market at the highest levels in other words into the development production and sales networks of these high tech products but. what role will grow materials play in the innovative economy. will

undoubtedly remain one of russia's main sources of income for a long time yet i think we should openly admit that the current economic modernization in russia would have been impossible without raw materials because this sector pays it earns the phones which state and private business invest in modernization projects an innovative economic development. block while nevertheless we're trying to reduce our dependence on raw materials. in my view russia isn't trying to use its dependence on raw materials the thing is that those responsible for economic decisions understand only too well that we have quite a short time left to continue living off natural resources in the next ten fifteen or twenty years the world economic architecture will change so much that the raw material sector will simply lose the significance it has today. this year has seen a landmark event which is largely gone noticed for the first time in fifty years

america's tesla a company that brought the first electric vehicle to the market has gone public this is a very significant event because it means that the markers which always reflect society's mood believed in the idea so much that it was ready to invest money into a project that would have been considered crazy and unthinkable just a few years ago. it also means that in the next ten to fifteen years a considerable part of the ultimo bill fleet will operate totally differently it will be electrical environmentally clean etc who will then need us and our oil if the world stops consuming oil as an energy resource in such huge amounts and if we fail to diversify and reorganize our economy and introduce innovative development then russia will turn out to be competitive in the world market. what. do you think is the biggest hindrance to introducing innovation today. i don't like the term introduce usually it's things which no one needs that have to

be introduced things that are in demand should be sold and fortunately today our major companies at home are not at all keen on innovation. i'm a member of a working group which deals with the innovative development of state owned companies but i am perfectly aware that administrative methods can be used to introduce the need for innovation in state owned companies but that scheme won't work in private firms the demand for innovation emerges when the market becomes competitive competition forces companies to improve their work create products with a higher added value increased labor productivity cut expenses etc that's what innovation is needed for if technological innovation doesn't influence eventual profit and loss because they depend on a monopoly in the market rather than official cooperation it's obvious that such a company will have no need for innovation that's why i believe that improving the competitiveness of russian business will certainly contribute to the innovative to . element of our economy. how fast information technologies develop in russia

what's our ranking in a world. of a. i don't think there's a measure to calculate this sort of thing i t's a fairly broad term and there are many aspects to it for example if we look at computer software there are just two net software exporters in the world while all the other countries are just net importers it doesn't mean that they don't export at all but their imports considerably exceed their exports to net exports as are the united states and india. at the moment there are signs that china and russia have a good chance of joining this club of net exporters well. in the world to my mind is the most mature market branch of industry in russia i would largely explain this by the fact that it developed in post soviet years and was nonexistent in soviet days when it emerged in the post soviet period and developed into the strong influence of transnational corporations which brought with them absolutely standard models of work market models applied worldwide. today is the most mature market

segment of our economy absolutely transparent and deeply integrated in global infrastructure if we manage to do the same with other technological segments we will largely fulfill the task of innovative development. thank you very much for this interview. would be useless without this mineral. is needed to make them. but a piece of culture and is extracted to life. today

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president dmitri medvedev said visit to russia screw real islands has sparked outcry in japan which claims a territory as its own the audience came under moscow's control of the end of the second world war and are believed to have vast oil and gas reserves.

as u.s. troops leave iraq the local forces are struggling to contain surging violence on sunday fifty two people died when militants seized a church in baghdad to magically release of all kind of prisoners in iraq and egypt . and a song to this proposed a new source of green it nuclear energy which could end the world's dependence on fossil fuels but not everyone is convinced of the warrior actually is the fuel of the future. all have more news for you in less than fifteen minutes but first let's check the latest in sports with kate. hello and welcome to the sports news thank you for joining me and here are the headlines. staying focused isn't it coach we're trying to spell out you tells his players to keep calm as they march towards the russian premier league title. and

event tiger woods loses his world number one status to england's lee westwood. one win away the san francisco giants edged closer to baseball's world series title . first a vocal and senate coach luciano spell as he says his side can't afford to relax as they remain on course to claim their secondly title sunday's story know how when i put them six points clear at the top of the russian premier league with just five days to play the lottery was pleased with his side's attacking performance see bank of expiring home a free kick to make it one nil. that alexander golf bag to brace to take his tie this season to twelve. rounds and bounce back from f.s.b. defeat at the hands of spot talk last week and they could rack up the title within the next three games. and covering up if the allegations are. one of the main

scientist to expand on the need to manage and only one way towards saturn by tapping the wall mounted saunters for almost the entire second off thomas nets it open for the army men five minutes before the break and then even off netted an equaliser straight off to half time to scottsdale thirty three points behind or being at a game in hand. but what if lahoud moved into the last year a can expect despite going down to ten men against and to me to see the light went out at the corner flag taking the brunt of his celebrations at the top spot not to test this. table. well not just up against having to settle for a point and coming from a fall down to do it thanks to an eighty seven strike equaliser from. under the other end of the table and far remain stuck in the relegation zone after one defeat of tom hicks and the photon off with the army go after fifty three minutes the

still time for is there any two points from safety. with all those bits of context is the league table with five weeks of the season remaining in it to prove it and taste scholar in the champions league spots. and network t.v. are in the europa league places those spots are now and then i must close on the heels while at the bottom there's a real scrap for survival with two sides going down to serious hopes of avoiding the drop a fading fast they theoretically any size eight placed downwards in danger of education. over in england there were some better news political you moved out of the bottom three following a one zero win at bolton maxi rhodri five hundred eighty six minutes catapulted the reds up to twelve elsewhere at newcastle a seventh after trashing sunderland five you won in the northeast darby in the midlands aston villa against birmingham and the coldness. in tennis kim clijsters has won the season ending w t a championships for

a third time after beating world number one tower. and earning one and a half million dollars in the process clijsters powered through the opening set to take it six three does not see then one the next two levels the much watched the twenty seven year old belgian came out on top in the decider this is the point that led to match point is dragging does not speak to the corners of the court and then match point was much more straightforward close to ending the year is right time for this you know it's nice to end the year like this was a good match for both a really good time as i think it really brought out the best of each other so it was. very tough talk battlefields and good tennis there and we don't have to do to win by them you know caroline is a very talented player and still very young so i'm going to she's going to future ahead of her and in the meantime a kalka cush can cause an upset at the same pages by beating russian former champion mccall youzhny to miss the tracy after a six three seven six win because ken is only the second player from kazakhstan to

win an eighteenth the title for the best success in hamburg at it this year. basketball match and following their defeat in the you rarely has bounced back with a comprehensive win in russia's domestic d.t. being its russian ukraine side today pressed by forty points watching them fly in the fact that different conditions that sealed to stun a good should be bad for you or late start behind them just months gorgon joins the army man before the start of the season was one of the few shining lights in that team in the beginning to compete and he was influential for the inside and for some of their clash with ukraine in. the american would eventually feed us big game was fourteen points and five steve and say sky stablish they beat very quickly finish in the second quarter was it fifteen point advantage it was stuffed with a great means to match the russian fans and there was it was never in doubt and

going to be what it became a done fast but it says go players i thank you every need to seduce three because. of. something. as far as. this is turning to him but we need this game for the other game i like having a bottom our head i like being the main guy so. it's good for me i'm used to being there. i want to bother my head i just want to play very old you know to make shots of my pay what i'll be back into it she'd just ship me to review becoming a spirit disparity between the two but be no need to be standing in the yearly budget mr perry. while over in america andrei kirilenko helped

the utah jazz claim a comfortable one hundred twenty two ninety nine victory over oklahoma city the russian added nineteen points but not more spectacular than this russian growth through the final for him to how much did attempt to make it a contest the jazz were too hungry for the win there on williams had an excellent game with sixteen points and fifteen assists in this and each ball movement helped with c.j. miles fourteen going away in downtown the jazz led by twenty two points with five minutes to go and went on to rack up victory to save them for much as will start in thirty one years. on a sunday as i think defending champions l.a. lakers and stored golden state at home one hundred seven eighty three miami and dallas paying the way with away victories as they beat new jersey and the l.a. clippers respectively. so in america and the san francisco johnson just one win away from climbing baseball's world series they beat the texas rangers four nil on sunday night to go three one up in the best of seven contests already half and

buster posey hit home runs for the giants smacks the ball to deep right field their two run home a. marquee players he fell to this pitch to do center field his home run the postseason. and that picture madison going out made sure of the shutout for san francisco they lead the series three one to claim the world series when the team is made again in taunton this monday night the way. i feel pretty good for sure. you know i'll thing in the sink you know until you know what is going. amount as i could get only in looking forward to tomorrow. meanwhile san francisco's american football team the forty nine ers beat the denver broncos twenty four sixteen at a packed wembley stadium as the n.f.l. returned to london for a full time on sunday night backup quarterback troy smith disappearing for the forty nine ers his first start for his side was never to score ten ten in the

fourth rushing for one yard touchdown pass midway through the quarter he tossed a twenty eight yard touchdown pass to michael crabtree forty nine a seventeen ten up the broncos did launch a comeback fizzled out and called for an interception to shauntay spencer. really want to teach tablet coming into the game. our running game and be able to put our guys on a menu and try to try to wear him down. by i think pretty decent job of stopping us winning when i thought we did we had worn him down a little bit more so i thought they do a good job of fighting just like we were fighting motto and elsewhere minnesota quarterback brett farve started against new england despite fracturing his foot the previous week yet his impressive streak of two hundred twenty nine consecutive starts might be over mid-way through the fourth quarter with forty one year old went off after taking the how mexico make it from my own playa but back out to

forest jackson completed the fate of the touchdown. and then two point conversion to the vikings to make things a field goal. that's the patriots that marched eighty hours a day to see what contest. while another game kansas city needed overtime to beat buffalo they were also in this descent this green bay to jacksonville and miami and elsewhere atlanta thrashers seattle thirty three straight detroit san diego in tampa bay also let's do that trace. moving on to golf and lee westwood says he's not writing off tiger woods after the englishman replaced the longstanding leader to go. top of the world rankings that's what ended the america two hundred eighty one week reign at the top on monday and even though the thirty seven year old englishman is injured at the moment he was able to asteroids after german martin kaymer missed his chance at the weekend came around to finishing in the top two at the end of a sea of monsters last weekend to become the new number one but the germans

challenge fell away as he finished ten shots off the pace northern ireland's graeme mcdowell won the event while westwood becomes europe's first world number one since nick faldo back in one nine hundred ninety four. and finally the president of the russian olympic committee alexander shook off house commended the country's heads of sport after russia's strong performance at the inaugural used in picks in singapore russia finished second in the high and china in the overall medal count which sparked a push for the development of new sports nationwide as the country prepares to host their first and then winter games in twenty fourteen in sochi while next year russia's limping movement will celebrate one hundred years since its first affiliation to yourself. you among other things discussed today by the executive body of the olympic committee were obviously the programs to promote you've sports in russia are great results in singapore speak for themselves and we need to maintain that success next year we will celebrate russia's one hundred year affiliation with the international it will be three commemoration events will take

place throughout the country who are now working out the program. and that's all the sports news. hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers.