balts on the world's most pressing issue the leaders did propose to continue to work together but very little headway on those so-called currency wars that great divide between east and west in this battle over the box. 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 you want on the eastern front the chinese position is well you're depreciating the dollar why should we really value the removal of 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 nuns 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 interest. and that was before the session even started obama might have guessed there would be no compromising china wasn't budging and germany and export giant defense 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. layout i think they are 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 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. or let's get reaction now from eric height who runs the china program at the american based world security institute how do you so let's just say china does what the u.s. ones and refight its currency what consequences with that have to a well that's used to having cheap chinese goods labor and such like well i think i think there is

a lot of debate here in the united states certainly about the effect that it would indeed have on the u.s. economy certainly there is china is manipulating its currency and keeping. keeping its currency low and maintaining an export dependent economy but how that would translate into jobs in the u.s. economy which many have stated is one of the principal reasons that the u.s. is putting pressure on china to revalue its currency is i think very debatable now washington during the opposite but says that if it depreciates the dollar everybody benefits now wouldn't that therefore be the case for china. it would be it would not be in the interest of china for. you know principally for its its domestic market if it revalued the currency.

china is in a precarious situation with its the structure of its banks its state owned enterprise system with. its own inflation functionary concerns and without a. restructuring of that system in china which is going to be long term i think there is substantial risk to china so it's certainly not in its favor now the g twenty leaders agree that a currency war won't help anyone it's just going to translate into anything more than just words. i don't think it's going to turn into a full blown currency war although. i think. maybe the the . it's still somewhat unsure at this point but i think it's definitely not in anyone's interest to to have a competitive devaluation. contest between between them

so i think there is a china will probably i would suspect to do to the pressure and it's not just from the united states but princely from the united states i think really we will see over the months perhaps easing its currency moving into other currencies floating it to. make you know create a larger basket of of its currency. so sorry. nervous years. so i think that we will see maybe over the next couple of months perhaps. several percent five percent maybe increase in its currency but definitely nothing drastic that the u.s. is calling for and that will i think increase tension by with the quantitative easing we certainly have

a greater risk but i still think that the two will come to terms if not through this. perhaps in the in the following meeting and certainly with. hu jintao as planned visit in january china will be very keen. on decreasing any currency tensions so i believe there will be movement and i think we will probably avert a currency currency war but there will be certainly a lot of bumps along the way or it ever takes china program director for the world security is if you live in washington thank you. well russia's finance minister agrees that china should become more flexible in its monetary policy but says the changes shouldn't be rushed we'll bring you an interview later today but it's also our line at r.t. dot com but here's some of what he has to say for you right now. well speaking of china it really is pursuing a somewhat different economic policy now it is notorious for its lack of

flexibility we say that within common coordinated efforts to exchange rates must be more flexible this is what we must aspire to i can see though that we must move towards this as fast as possible or if china develop to its currency now the world may not benefit from it that much the world isn't going to win as much as china is going to lose china is also a driver of growth these days so i think a flexible rate policy should be implemented gradually. while a russian newspaper has revealed the ten russian agents expelled by the u.s. this summer were betrayed by their own boss president says the revelations are no surprise and that he was well aware of the events all along as artie's as you go to prison off explains the journalists behind the story say the media hype also draw attention away from the real top spy. that summer spy story between the u.s. and russia just

a few months after dropping out of headlines around the world the biggest spy scandal between moscow and washington since the cold war iraq is back but this time the drama of this whole situation is that the agents were turned in by their boss he's been named as colonel should about call for legibly head of the american department of russia's foreign intelligence service know firstly more photographs have been released to journalists from the moscow based community newspaper see they've been holding their only investigation into the story and clean he is behind blowing his colleagues cover in the united states. everyone we spoke to agreed that this was the biggest failure in the history of a foreign intelligence service some of the agents worked undercover for decades and all were given away just like all self yes it was june when american authorities announced the captured ten people suspected of being russian secret agents all were found guilty by 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 term the story instantly made headlines especially since the russian president's first official trip to the u.s. had just come to an end it's thought colonel said about off left russia to america just a few days before that movie of the visit and according to some reports 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 it suggested he turned the other way way 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 four past. decades that's what is true this is an amazing story it doesn't only have a trailer but

a true hero is wells of the two absolute opposites i'm talking about with some coffee and his fantastic story of that he left the soviet union in the one nine hundred sixty s. first to spain then just south america working as a photographer he eventually married and moved to the us changing his name to one it said he continues lee denied being a russian agent until kernels or work of presented secret documents that he then revealed his true identity but intelligence experts say naming and shaming russian operatives was probably not in the prime target. just that. was probably a us 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 fox the timing of the scandal was picked perfectly and. 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 you've got going on moscow. and in just a few minutes the girls who were snatched from the street and forced into marriage stealing a bride is known as an ancient custom in russia and chechnya public will tell you what the authorities are doing to stamp it out. while human rights activists working with palestinians say they're under pressure from israel which claims stoking the conflict that the interior ministry has stopped issuing permits to many forcing them to work illegally paula sleep has been meeting activists who say the accusations are groundless and that israel regards any palestinian supporter as an enemy. they're the better team is israel doesn't want activists from around the world who come here to photograph and protest palestinian

suffering where 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 he kidnapped human right which is why from the beginning of the year the israeli ministry of interior started going 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 palestinian view everybody who supports justice propels and palestinian refugees is an enemy of israel and says pro quo a terrorist i simply don't buy don't think there's evidence that someone in tears say they have no choice but to do they work illegally emily's origins are palestinian but she can't live here because she can't get a visa for 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 on and have given her one month to get out the more visas you have in your past. the harder it gets. i think for me initially it was more being overwhelmed and really understanding you know which borders to use how to speak you know how to talk to soldiers what to say what not to say. 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 nature . this web site 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 website 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 as to throwing stones on stones and grenades and on i.d.f. soldiers and was helping them you see a blonde girl from switzerland that i don't know were eighteen mormeck spin in gaza for six months and plans to stay six more he's a volunteer with the international solidarity movement which israel claims has terrorist links they therefore want you 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 i mean the un report to 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 policy r.t. israel. or you can check out that story online and i go comments as well r.t. dot com and here's what else is lined up for you right now to watch on our web site

from category two cats smuggler read how a russian prisoner train his feline friend to sneak in his fix of heroin. and does a three d. thrill for fans of the nutcracker which is now cracking hollywood details of the tinseltown heavyweights bringing their cherished fairy tale to life or to dot com right now. men who kidnapped girls off the street and forced them into marriage now or face jail in russia's republic of chechnya it's been seen as a tradition among some muslim communities of the north caucasus but religious leaders and officials say it's deeply wrong and must be stopped. over reports on the practice which is tearing families apart. it was

a moment of families torn apart a church in brighton happening 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 one terribly wrong. i knew she went shopping good bank. loans we had it and good outside and saw her being kidnapped yes she was shouting we saw. the kid lebron 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 with. a young girl. when they were driving here be crushed and they all. knew it was an awful tragedy the car was just a piece of metal you couldn't tell what car it was. some say kidnapping brights ones and the cook asian blood religious leaders and churches strongly disapprove and no laws have been brought in to corrupt the practice because it is as i'm able

to go the chechens never had such as this is. every friday i say during the. this is for it's a sin. and those who commit it will be punished as during this life judgement. the girls have been kidnapped 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 she left the shop and was heading home when it happened this is the one taking me away and i didn't even know who was kidnapping me it was several men in the car and then you know one only on the second or third day did i find out who i was telling the whole. 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 because youngest daughter was almost her age two months later prisoner ran away but her life was

changed forever. this really is the big tragedy because your life doesn't belong to you when you long to come to mend it almost if you were kidnapped even if you spent two or three days there and returned home you're not considered a virgin you belong to someone. but now trichoniscus and tough on the practice with the new laws. i think those laws for the global issue i think many families where girls are brought up who feel themselves more secure probably a little brighter 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 honest even though there appears to be a strong support goes interest now yet to see whether the old tradition has been ended only on paper or in we owe it to. our team from crossly now twenty minutes past the hour here in moscow you are with our two you let's check around the world up with some of the other stories making headlines this hour and haiti's

cholera outbreak has now killed at least seven hundred twenty four the disease is spreading fast in the haitian capital and heading towards southern regions the country's health minister says around eleven thousand people have been hospitalized since the outbreak the u.n. expects the infection rate to rise. the animals military authorities could free pro-democracy leader aung sun suu kyi this weekend they've apparently sanctioned her release which is due one saturday to cheese been under house arrest for fifteen of the past 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. and after a short break kareen is here with the business news. hungry for the full story we've gone to. the biggest issues get a human voice face to face with the news makers on the.

line. going to be soon which brightened if you knew about someone from feinstein crashing in some of. these stunts on t.v. don't come. in indonesia she's available in hotels coming dolly results in sponsor my it would result in spawn pony come on come down upon promoted been turned down some tree and naked body resulting spawn sun your peach otoh the wisdom result use of doing something made bonnie so if you tell someone you're cloning the result in spawn the ritz carlton hotel grounds many

as you call it a hotel full seasons hotel and the sultan who turns. it's twenty two past seven pm here in moscow welcome to our business program russia's economy slowed in the third quarter they crossed the best part of gross two point seven percent year on year after expanding five point two percent in the quarter to june the worst drought in fifteen years hit crops and forced manufacturers to cut production the economy ministry says the heat wave will cost the country point eight percent should the percentage points of growth this year. the g. twenty leaders have delayed till next year any effort to deal with trade and currency imbalances politicians meeting in south korea failed to reach agreement on key issues which could affect the recovery of the global economy instead they will merely watch for signs that countries artificially deflating their currencies will

take no action michael reports on the divisions and sold. reports of raised 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 this conflict problem leads to a more volatility of the. exchange currency market. i think but this is very is 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 in a different situation to the other say 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 a u.s. suggestion of targets for cutting exist trade imbalances one ray of hope however is that all leaders did agree to avoid protectionism michael have genco business r.t. . now the g twenty summit in south korea has struggled to reach agreement on key

issues which could affect the recovery of the global economy politicians fail to find common ground on currency devaluations as well as trade imbalances it gave endorsement head of research in jones lasalle sees few grounds for consensus different groups of interests are trying to solve their own problems with the help of g twenty but the group is too big me twenty twenty too much to come a proper consensus that first of all second of all there is no pressure like a deep and serious crisis which would have interest and could have made the political leaders to put aside their local problems to concentrate on the means or there is no such main target for everyone and everyone would like to grow probably stayed really low inflation. employment and the fuel themselves but unfortunately for different countries now the answers are slightly different. let's look at the markets no rush markets finished lower on friday echoing global

trends the r.t.s. lost over eight percent on the markets from less than half a percent energy majors were the main drag on the indices look all fell over a percent on both of course was bucking the trend though were rules hydro and ross telecom. and european stocks are mixed in midday trading at the footsie is trading lower while the jacks the public from earlier losses and is now pointing out poor banking stocks of boosting the indices world bank of scotland group game two point nine percent credit agricole shares rose two percent the shares of the and cousin has dropped over two and you can send back to be with the fall of call her silver and gold prices. in the u.s. stocks trim losses. and consumer confidence increased more than forecast stock indexes came off the lows ahead of the data commodities are getting hit pretty hard for corporate leading the way and stocks were off to china said it is preparing to hike interest rates in time to tame its the rising corn and price inflation. the

value of initial public offerings in russian companies could jump to twenty eight billion dollars next year the highest since two thousand and seven that's according to the to be capital one reason the i.p.o. market may take off is the recovery in russia's benchmark investment in this is there again the bulk of their record in the record decline caused by the global economic meltdown key sectors mining chemicals and retail industries where sales of shares are expected to surge to twenty billion dollars the sale of stakes in state companies is expected to raise another eight billion. now premium make a russian stand and have agreed in principle to buy ukrainian rival meter this is according to a vet of mr newspaper and the details of the deal will not disclose however experts believe we need a famous for its honey and pepper infused vodka to be worth up to four hundred million dollars in september the ukrainian brand rejected a bit by u.k. based distributor stocks there. and that's all we update for this hour back at

twenty past the hour. for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers.

in indonesia ots available in hotels coming dolly resort and spa. resort and spa boni come on come down upon the motive in turn bones. the result in spawn sunday a beach hotel the western result use of doing something funny sofitel some of the. resort and spa the ritz carlton hotel grounds many as you call it a hotel full seasons hotel the sultan who turns. coming to you live from the russian capital this is auntie headlines now the g. twenty leaders agreed not to use currencies as a weapon to protect themselves while throwing up trouble for other countries but congress one however the sun likely to translate into real action. betrayed by the

boss a russian newspaper says it's on mosque the man. who claims sold ten agents expelled from the u.s. this summer president medvedev says the revelations are no surprise and that he was well aware of all along. israel's accusing pro palestinian charities of fueling the conflict in the region and supporting terrorism claims the activists say all groundless several charities have been forced under ground after israeli authorities that revoked their parents. my colleague here in about half an hour's time but for now it's all a debate show cross talk and artie's people of elena's guests try to work out just what it takes these days to be one of the most powerful people on the planet thanks for watching. this.