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tv   [untitled]    November 12, 2010 8:00am-8:30am EST

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we've seen quite a bit of tensions and disagreements between some major players at the summit but give us some good news here what exactly have the g twenty members actually agreed upon. well the g twenty has come and gone and unfortunately so has another chance for concrete results on the world's most pressing issue the leaders did propose to continue to work together but very little headway on the so-called currency wars that great divide between east and west in this battle over the buck. the world at war the weapon currency. the fallout trade imbalance the world's paying i mean the world is paying the price for the asset bubbles that are being blown throughout the emerging markets and this high stakes battle for global exchanges it's china versus the u.s. on the western front the fed pumping six hundred billion bucks into the american economy the valuing the dollar while slamming china for not readily revaluing its
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you want on the eastern front the chinese position is well you're depreciating the dollar why should we really value the removal be the chinese currency which the us keeps on insisting on so it's really a standoff one that smacks of double standards it's absolutely true that the united states of late has made don't mess to clean self-serving policy that was shortsighted and that did not consider the rest of the world and this set up the sole summit but despite global outrage with u.s. fiscal policy they got more of a high level silent treatment than any kind of fight right now it's the world against the united states and in terms of an agreement to deal with the currency war nun's going to happen there is no interest coming from china or germany the two other key players to solve this problem. not interested or protecting interests. and that was before the session even started obama might have guessed there would
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be no compromising china wasn't budging and germany an export giant defends its right not to surrender its strength by spending more abroad to appease u.s. calls to help economic recovery much of europe seems to be sitting back and watching how this will all play out i think they're trying to be defensive and that's a weak position right now russia sees itself as a mediator and hopes multi-currency reserves over place currency wars should. i believe that the threats of a currency war breaking out will significantly decrease following today's summit we have reasons to be more optimistic about the future. than. the group of twenty did agree to develop early warning indicators to prevent economic turmoil and gradually move on currency the question now is not enough to prevent this cast class from getting out of control all right out here and it's in our there
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reporting from the finale of the g twenty summit in seoul thank you well professor donald breen an economist from toronto university says this g twenty should encourage leaders to take a wider world view when trying to tackle problems back at home. when you think of what individual nations focus on when they set their economic policy they focus on what's important domestically the u.s. is focused on raising employment. china wants to continue its progress through export led growth but this set of this form of the g twenty is is really a means by which individual nations are forced to consider the implications of what they do domestically for the larger stage for the global the global scene when they leave they will go back and focus on domestic issues the tough part is
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whether or not they will stick to their commitments to also consider the international the global implications of whatever economic policies they bring me in time russia as finance minister agrees the china should become more flexible in its monetary policy but says the changes shouldn't be rushed full interview with alexey couldn't is here in about twenty minutes time but here are some of what he has to say. to go to well speaking of china it really is pursuing a somewhat different economic policy and now it is not all is for its lack of flexibility we say that we're in common cold unaided efforts the exchange rates must be more flexible this is what we must aspire to i can say though that we must move towards this as fast as possible if china devaluates its currency now the world may not benefit from it that much the world isn't going to in as much as chinese go into those china is also a driver of growth these days so i think the flexible rate policy should be implemented gradually.
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a russian newspaper has revealed ten russian agents expelled by the us summer were betrayed by their own boss president if you're there for says the revelations are no surprise that he was aware of the events all the way along as r.t. as you go to prison off explains the journalists behind the story say the media hype also drew attention away from the real top spy summer spy story between the u.s. and russia just a few months after dropping out of headlines around the world the biggest spies daniel between moscow and washington since the cold war iraq is back with the drama of this whole situation is that the agents were turned in by their boss. he's been named as colonel suitable for allegedly headed the american department of russia's foreign intelligence service neither his first name or photograph have been found to journalists from the moscow beast community news people who've held their own
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investigation clean he is behind blowing his colleagues cover in the united states but. everyone we spoke to agreed that this was the biggest failure in the history of the foreign intelligence service some of the agents worked undercover for decades in all were given away just like all sell. their findings have been confirmed by the president on friday dmitry medvedev said he knew who the trader was from the third. of the scandal it was june when american authorities announced the captured ten people suspected of being russian secret agents all were found guilty by a u.s. court and deported in exchange for four men serving time in russia themselves convicted of being foreign spies it was never going to stay out of the news for long the story instantly made headlines and especially since the russian president's first official trip to the u.s. had just come to an end it's thought colonel to back off russia to the united states just a few days before the meeting that if the visit and according to some reports of
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a few months before that he was offered a promotion at work which could have seen him subjected to a lie detector test and that some believe is why he rejected the job offer instead he turned the other way by turning in his associates the media quickly found its favorite among the group of deported agents young rich and beautiful on a chapman was deemed the russian james bond girl but did the paparazzi flashes draw focus away from the real super agent in the group me collision course was still in the shadows just as he had been for the past four decades but that's what is true this is an amazing story it doesn't only have a trainer but a true hero as well who to absolute opposites i'm talking about with some coffee and his fantastic story. he left the soviet union in the one nine hundred sixty s. first to spin then to south america working as a photographer he eventually married and moved to the us changing his name to one
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it said he continually denied being a russian agent until colonel presented secret documents that he then revealed his true identity but intelligence experts seeing naming and shaming russian operatives was probably not the prime target. that. was probably a u.s. agent for a long time him self and i'm sure this whole story was instigated by the american secret service the two presidents are working to restart relations and some people are obviously against the timing of this scandal was picked perfectly it puts another name in the frame for the russian intelligence service that's still trying to establish how a massive decades long secret operation could fall port so easily seemingly at the hands of one man igor is going off to moscow it is now just ten minutes past the hour here on the russian capital and in a few minutes the girls who were snatched from the street and forced into marriage
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stealing a bride is known as an ancient custom in russia's chechen republic i'll tell you what the authorities are doing to stamp it out. human rights activists working with palestinians say they're under pressure from israel which claims that stoking the conflict there the interior ministry stopped issuing permits to many forcing them to work illegally policy has been meeting activists who say the accusations are groundless and that israel regards any palestinian supporter as an enemy. they're the visitors israel doesn't want activists from around the world who come here to photograph and protest palestinian suffering will most of the n.g.o.s only bring more fuel to the conflict make it much more harder to solve the conflict bring more hate to the conflict and they have huge he kidnapped the terrorists human right which is why
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from the beginning of the year the israeli ministry of interior started with drawing with permits from international n.g.o.s oxfam save the children and medicine some pontiff have all been affected everybody who voices a pro study and view anybody who supports justice propels them the ends and palestinian refugees is an enemy of israel and says pro quo a terrorist i simply don't buy i don't think there's evidence that someone in tears say they have no choice but to do their work illegally emily's origins a palestinian but she can't live here because she can't get a visa for a while she managed to evade the israeli authorities by leaving and returning every three months and lying to them that she lived in jerusalem but they eventually cautioned don and have given her one month to get out the more business you have in your passport the harder it gets and i think for me initially it was more being
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overwhelmed and really understanding you know which borders to you is how to speak you know how to talk to the soldiers what to say what not to say n.g.o.s monitor is an israeli organization that tracks non-governmental organizations working in the area its staff won't speak on camera but they haven't shied away from writing on the net. this website accuses several charities working in the west bank and gaza of having links with terrorist organizations here it says that the palestinian children's welfare fund owns a hate filled with site dedicated to the glorification of jihad and the denunciation of israel there has been no evidence whatsoever and no cases that anyone's heard of a people in n.g.o.s committing any kind of violence but a syrian for instance on stones and grenades and on i.d.f. soldiers and was helping them you see a blonde girl from switzerland who i don't know were eighty more mix been in gaza for six months and plans to stay six more he's
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a volunteer with the international solidarity movement which israel claims has terrorist links they therefore want to cross into the west bank he's a human rights groups that are credible throughout the world and yet they are being stopped from entering many times in the u.n. report richard falk was stopped from entering so this stretch is up to the united nations for many n.g.o.s the challenge remains how to draw attention to the work they do without getting kicked out of the country many israelis continue to question the work they doing in the first place. r.t. israel. or you can check that story online and add your comments as well at r.t. dot com here's what else is lined up for you as well on our web site from i can't forget about to cut smuggler read how a russian prisoner train here's a feline friend sneakin his fix of heroin. and three d. thrill for found often not cracking which is now cracking hollywood details of the
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tinseltown heavyweights bringing the cherished fairy tale to life awaiting for you at r.t. dot com right now. men who kidnapped girls off the street and forced them into marriage now face jail in russia's republic of chechnya it's been seen as a tradition among some muslim communities of the north caucuses but religious leaders unofficial say it's deeply wrong and must be stopped what's on a little trouble reports on the practice which is tearing families apart. it is a moment of families torn apart. in which here remains a ritual rather than an outrage the man simply chooses the woman he wants and forcibly takes her but the kidnapping of one young girl called him on went terribly wrong. i knew she went shopping back. loans we had it
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good outside and saw her being kidnapped yes she was shouting we saw. the kid lebrun his accomplice grabbed him on jumped into a car and sped away but a short way down the road they crashed into a big truck. a young girl. when they were driving here they crashed in the old. school so there was an awful tragedy the car was just a piece of metal you couldn't tell what car it was. some say kidnapping brides runs and occasional blood religious leaders and churches strongly disapprove and no laws have been brought in to correct the practice because it is as i'm able to go to the corner chechens never had such as this is. every friday i say during the. scene. and those who committed will be punished during this life and on the judgement day. the girls who've been kidnapped
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rarely bring this matter to a courtroom as such case may be considered it is grazed by all but they never forget about it result no one saw the experience forty years ago should have to shop and was heading home when it happened the news that we're taking me away and i didn't even know who was kidnapping me it was several men in the car and i knew no one only on the second or third day did i find out who i was telling people. reason remembers the day she spent not knowing what was coming next lost and frightened she had no choice but to stay with her kidnapper chris youngest daughter was almost her rage two months later prisoner ran away but her life was changed forever it which is. this really is the big tragedy because your life doesn't belong to you when you long to come to mend it if you were kidnapped even if you spend two or three days there and return home you're not considered
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a virgin you belong to someone. but now trichoniscus and tough on the practice with the new laws. over i think there's laws for the global issue i think many families where girls are brought up to feel themselves more secure probably have no right to levers will face a prison sentence and have to be over so it is sold in dollars in fines to the girl's family even religious leaders forcing the girl to marry her kidnapper will be punished isn't all there appears to be a strong support goes into this now yet to see whether the old tradition has been ended only on paper or in reality to some of our team from crossly. it is nearly twenty minutes past the hour here in moscow you are with our two you let's check around the world now for some of the other main news events this hour it is being reported that million dollars military authority used could free you pro-democracy leader aung san suu kyi this weekend they have apparently sanctioned her release which is due on saturday been under house arrest for the past fifteen
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of the twenty one years which has drawn widespread condemnation but her lawyer says she won't accept her release if conditions are imposed which exclude her from politics. iraq's eight month political deadlock is nearly over after a power sharing deal was finally agreed prime minister nouri al maliki has been reappointed that there is a president talabani who is kodesh was about to be reelected politician and strong the main rival sunni muslim bloc walked out in anger voting procedures now has the . day two trying to form a new government. the funerals have been held for eight policemen killed in an attack on the terrorist police headquarters in pakistan's largest city it happened on thursday night in karachi as gunmen detonated a truck at the criminal investigation department leaving twenty dead and at least one hundred injured the taliban says it carried out the attack and it's apparently the biggest blast as once they hit pakistan's commercial capital. well
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there's more for you in today's program in our special report next hour we focus on what became the symbol of the full of the nazi germany sixty five years ago. this is just a parliament building in. sixty five years ago. it was the final target. to me from some from the army. its country became the symbol on the floor of the financial system. and the victory over nazi germany. the follow. on r.g.p. . and time now to get up to date on today's big business stories with kareena. hungry for the full story we've got it for. the biggest issues get
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a human voice face to face with the news makers on. hello welcome to business good to have you with us this hour the g. twenty leaders have delayed till next year any effort to deal with trade and balances politicians meeting in south korea failed to reach agreement on key issues which could affect their coverage of the global economy instead they will merely watch for signs that countries are artificially deflating currencies but will take no action. reports other divisions and sell. reports of raised
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voices behind closed doors contrasts sharply with the image of unity two years ago then the leaders of the g. twenty studio united in their efforts to avoid an acid crash turning into a global depression now member countries are divided on key issues the last g. twenty meeting pledge not to pursue currency wars since then the u.s. and around six hundred billion dollars of stimulus to drive down the dollar in this conflict so there's no problem if leads to a more volatility all the. currency market. i think it's a very as a bet for the world economy even former u.s. federal reserve chairman alan greenspan stepped into the fray saying that the u.s. should not devalue its currency the move has divided emerging markets. brazil condemning russia welcoming a new wave of capital inflows russia could actually benefit from that i mean it's
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in a different situation to the other so-called bric countries russia has not had a substantial amount of capital inflows in the last couple of years in fact quite the opposite flaws in the last two years total almost two hundred billion so it actually could do it reversing some of that in taken some money back a proposal from the head of the world bank for a new reserve currency met with silence in contrast with a desire in two thousand and eight to create a new world financial order on trade the g twenty is also struggling to get the world's leading manufacturers not just to sell goods but to buy them as well along with china germany opposed the u.s. suggestion of targets for cutting taxes trade imbalances one ray of hope however is that all leaders did agree to avoid protectionism. michael have genco business r.t. . while they fail to agree on any action leaders talked about a lot of tough sounding otherworldly entities the f.s.b.
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is too wide to see i face this one what happens the financial stability board is compiling a list of bags considered too big to fail because these systematically important financial institutions. he will make p.c.i. fees come after banking rules by two thousand. and very prime minister david cameron says british companies are interested in innovation center and president dmitry medvedev that investors are keen to project and put it out again into the g twenty summit said the u.k. may copy the idea. irish bonds recovered slightly on friday after german chancellor angela merkel said preparations are in place for any aid request by a european country a bailout of ireland's financial system would cost at least fifty billion euro now the news bailed out banks barlinnie expects two thousand and ten operating profit
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to drop forty percent moody's rating agency said it may downgrade the country's credit rating. now let's take a look at the markets here in russia the markets a falling into the red for the second day echoing global trends the r.t.s. is moving over eight percent and the my xix is shedding less than half a percent spare bank is the main drag on the r.t.s. heading one percent. and stocks in europe dropped on friday after fresh worries over rate hikes sent shares tumbling in shanghai the footsie is weighed by mining stocks and shares of dropped two point three percent because i was down two point eight percent copper silver and gold prices decline. the value of initial public offerings by russian companies could jump to twenty eight billion dollars next year the highest since two thousand and seven that's according to the capital now one reason the i.p.o. market may take off is the recovery in russia's benchmark investment indices they have were again the bulk of their record decline caused by the global economic
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meltdown key sectors of mining chemicals and retail industries where sales of shares are expected to sergeant twenty billion dollars the sale of stakes in state companies is expected to raise another eight billion. now to other stories premium vote coming russian standard has agreed and principal to buy ukrainian rival mimir of this is according to whether mr newspaper details of the deal were not disclosed however experts believe nearer famous for its honey and pepper infused vodka to be worth up to four hundred million dollars in september the ukrainian brand rejected a bid by a u.k. based distributor stocks fair. and news of mercedes-benz for mercy's files rather missy's brands may start to assemble its cars in russia the russian car company gas has offered to start producing the c. class vehicles of diamond group the most affordable in the mercedes range the offer
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was made after gaza's latest car the volga cyber failed to meet the expected demand . and that's all we have for you for this hour i'll be back with more at twenty minutes past the hour so join me that. a moment when the world has changed forever.
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thousands pounced to nothingness. thousands wounded. and noone to suffer today. was the first but probably not the last military uses of this weapon. many more will be come. come and get on in the future. more news today violence is once again fled the fighting these are the images the world has been seeing from the streets of canada. child hope for a shelter on the day.
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in. the. sixty's for. the final. major of fun some from the army. scout troop became the symbol on the fall of the financial. the big three nazi germany.
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made. the. money on the table agreeing. to protect themselves.
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the world's richest economies. betrayed by the boss. who claims the ten agents expelled from the u.s. this summer president says the revelations surprised him that he was aware of. his role as a. fueling the conflict in the region and supporting terrorism the activists say all groundless. he said being forced underground through israeli authorities it revoked. well leaders of the world's most powerful economies are heading home now agreeing at least to do something to head off a currency war russia says it's almost immune from other nation's financial policies the finance minister rather says that it gives it more flexibility on the global.

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