the for.

global power shift the asia pacific region becomes a center of financial power and influence with china taking over from japan as the world's second biggest economy. the us offered israel more place in exchange for a new hole in the west bank construction but critics say bribes one solve issues the decades of total failed to deal with. fresh organ trafficking allegations in kosovo reignited play hundreds of body parts harvested during the ninety nine hundred more to fears organized crime is what. coming up in the business update new figures on the. budget deficit with greece and

even was shape than previously thought we have the details in about twenty minutes time. worldwide news live from moscow this is r.t. the sense of all the economic power is shifting quickly eastwards to asia pacific well that's the view of russia's foreign minister who's been in china for a three way meeting of nations widely seen as shaking up the old order of global politics russia china and india part of the increasingly influential bric group alongside brazil the growing dominance of this block is seen by analysts as changing the world's centers of power the host of today's meeting china has already overtaken japan to become the world's second largest economy and it's fast catching up with the united states. reports on the awakening of an asian giant.

from a pile of ruins right after the second world war to an economic powerhouse second only to the us all in the span of a single lifetime major pan asia economic miracle. but nowadays the land of the rising sun is becoming the land of rising discontent. the unemployment rate itself is has been steady at around five percent but what's problematic is the quality of the jobs like your salary are being cut they haven't . even when companies pay and you people they tend to pay on the condition of without social security so the social benefits economic growth is on a standstill and export the engine of its economy are hurt by a soaring again pushing them to take. their business elsewhere and i mean to sort

through what we should be doing you should really be increasing his prevention through the increase in the youthful entrepreneur but sees by overseas he's referred to china also known as the factory of the world with a major chunk of every manufactured item today either fully or partly made in china i'm here in the heart of the largest chinatown. there been four generations of chinese that moved to japan and they've been greatly from the rise of this country economically but ironically the original country they had left has now overtaken their adopted homeland to become the second largest economy in the world which means japan is now chasing the pack rather than leading it japan you're quite right still seem to be stuck in the mud struggling to generate. growth beyond us. level. and i'm not sure

either of those things are ok. many would say we're witnessing the beginning of china's era its economic clout is undeniable at the recently concluded g. twenty and apec summit barack obama repeatedly demanded that china lets the you want appreciate seeing the low chinese currency is hurting u.s. exports chinese president hu jintao remained unmoved china gets the last word that's the new reality in asia if not the whole world. r.t. yokohama japan. the outgoing u.s. senate is starting as a last series of sessions before the newly elected members come in this january things get a lot tougher barack obama the post-election period a cold lame duck session last chance for the president pushes initiatives through the democratic majority was severely reduced following recent elections one deal at risk is the nuclear arms reduction. with russia which could face strong republican

opposition political expert dr dominic lever says obama is desperate to make this tricky work to win points at home. for the moment everything's less important than internal battles on capitol hill. you know within the sort of the american political elite there's simply obsessive lee hostile to each other and competing for power nothing else really counts and therefore you know international treaty is the whole range of foreign policy issues to simply become again essential to see in and who's out in washington well i think it's partly that they feel the document is important it's you know this treaty is a significant part of their whole foreign policy and obviously they are committed to you know better relations with russia and trying to stabilize the nuclear relationship but beyond that if the senate throws out this treaty it will make the rest of the world believe that obama is powerless if you can't even get this treaty through what else is he you know going to be able to do probably nothing i think

most of the rest of the world regards this is a good treaty the administration is committed to it if the senate throws it out we're told filibusters it out then it will make the american administration look powerless and of course that will have a very bad effect for the next two years so there's a you know a general issue surrounding the trade ability of the effectiveness of this administration there's also of course the broader issue of the nuclear arms balance with russia and indeed of collaboration with russia or the nuclear arms in general which presumably would also affect american plans as regards iran and it's not all surprising that. gates and indeed our barbara pretty desperate. dr dominic leave in there professor of russian government of the london school of economics he was talking to us just a bit earlier and in a few minutes we'll look at what price the republicans are ready to pay to keep america's image as a super power and which calls for social spending to help america. shattered

economy the massive military spending remains fenced off plus. we'll have more details on the story to come in the near future but meantime the u.s. is desperately trying to revive the stalled middle east peace talks it's offering some early christmas gifts to entice israel into extending a freeze on building in the occupied palestinian territories washington's put twenty two stealth fighter jets worth three billion dollars on the table and a pledge to fight any international resolutions against israel in exchange america wants israel to pause construction in the west bank for three months and promises not to request another freeze when that deadline is our palestinians are criticizing the plan angry that the proposal will not apply to each jerusalem dr there palestinian economics minister says it shows how israel is twisting washington's on. but i think we're talking about blackmailing israel blackmailing

america and mailing the world for stablish in some kind of pseudo moratorium on the settlement activities settlement activities have been characterized by the whole world as illegal and i think the fact that israel is negotiating with an american an american administration the terms of a deal where they could have this pseudo moratorium for three months is in my opinion very very serious breach of the neutrality of the american government and very serious speech for the international community this will not work because even if they have the return for themis it will not be for the old palestinian territory but what will happen at the end of the three months nobody knows israel will stall the process even if it starts and then of the three months they will have another route and that around here a new blackmailing long list of things that they will demand israel with the negotiating terms with the americans concerning the coming back to. the peace

process is establishing for a fact that this is a country above the accountability and this is a country where the international law is not subjected to i think it is very high time for other countries to step in the united nations especially the other members of the quartet like russia and the european union russia and the european union have an equal stake in this peace process and i don't think they should accept to continue will say we continue would sleep sidelined by the way the americans are dealing with there is no way this. doctor has. the palestinian economics minister he was talking to us just. well lebanon's prime minister has praised russia's important role in mediating peace talks in the middle east and promoting stability so odd hariri is on a two day official visit to moscow caught up with him head of this trip and will bring you an interview with him in just over twenty minutes but here's a preview. i think russia could play

a very important role it has many friends in the arab world we need to use our relations with russia in order to communicate the arab stance on things to the international community because it's very unnerving to see the injustice done by israel to palestinians as well as to lebanon in syria we can no longer ignore this political relations with russia very important to us we would like these relations to be economically beneficial as well and we would also like to find out how russia could assist lebanon and equipping our army and security forces in this respect we're going to propose some ideas wire brush and friends. at least seven suspects in cause of our have been charged with persuading people to sell their organs with false offers of cash one of the accused had previously faced allegations of trafficking body parts of serbian prisoners during the cause of a war and as r.t.

sarah for thought about that conflict than because of those later declaration of independence has invited in organized crime. they grease him allegations claims the snow and ice crime group including doctors and a high level health official were involved in organ trafficking and as the investigation continues there are now growing concerns with political instability and a weak justice system cause of a could be becoming a breeding ground for criminal activity organ trafficking on. our parts of the world but the people who it's basically a big business or course the people who do it don't do it on an ethnic basis but do it because there is a lot of money in it and the opportunity to sort of top. environment which has been existing impossible for pretty much the last ten years is of course something that they would welcome the allegations focus on the medical private clinic and first surfaced two years ago forcing the center to close shockingly r.t.

have discovered that two things named in the indictment have continued to work ever since as another health center you're a medical and just next door to where the alleged crimes took place so we went to confront your america about we just tried to speak to america and they don't want to talk to us who are asking them about the two employees who are supposedly still working there despite having been involved in the medical case piers ago where that were shut down you can see the proximity is extremely close the indictments have shed a harsh spotlight on organized crime in kosovo they both its government and western countries are accused of turning a blind eye to the lawlessness has been growing ever since it declared independence from serbia at least three years ago there are also many who accuse the ruling authorities of miscarriages of justice that date back to the war being drawn between medicaid and the yellow house case the alleged murder and harvesting of

organs of serbian war prisoners by members of the cost of a liberation army but those in. sufficient evidence to bring that case to court. my husband was taken just after the war and despite civilians haven't been promised security regardless of ethnicity he never came back the families of kidnapped and killed people in cos of our have been fighting the red tape in the un mission in kosovo and n.g.o.s for a long time but so far without any results the biggest problem is that those who are killing and kidnapping people and course of have changed their soldiers uniforms for the suits of m.p.'s begin to power overnight with the help of international institutions. the focus is now falling on whether the territory is up to fighting organized crime and so many can still see clearly recall the abuses of the past surf city because of a. well there are always many more stories on our website waiting for you at our

feet dot com here's a quick preview of what might catch your eye right now forecasters predict the coldest winter season there is no sign of it yet muscovites are experiencing record breaking warm november day. and it was puppy love at first sight when the blood important was presented with this ball gary and sheep dog on a train trip to the country it joins the labrador tiger he's been given in the past all of that and much more. just on a quarter past the hour now here in moscow. with the u.s. debt exceeding thirteen trillion dollars republicans were elected in midterm elections on a promise to reduce the budget with across the board spending cuts yet they

explicitly exempt the defense budget promising to fund america's wars whatever the cost may be to use a lauren list to house. with the u.s. debt in the trillions in the economy still. it's no surprise politicians in washington are calling for this solution it's across the board spending cuts and in fact it was the rallying cry heard round the cable channel talk of the new term election nightmare when you get right down to the details so charity may be here medicaid you can i read and what i say it looks a lot more clear that across the board cuts really exclude a fifty eight percent chunk of the budget. spending would you cut defense across the board as well as the best example you do you do not cut defense that how can politicians afford not to touch the six hundred billion dollars a year elephant in the discretionary room. that rises to over a trillion dollars depending on what you factor into what you're calling. offense to minutes a politician democratic or republican or

a particular session of congress begins activity to significantly cut spending there's an immediate outcry and those congressional districts that are impacted. i'm sure it's political and hey being a superpower doesn't come cheap it's a question of maintaining ready this capability to project force in other words it costs a lot of money to support this it's our empire we have an empire we have half a million of our troops in other people's countries all over the world. and maybe the spending isn't that they get a deal when you put it like that sounds like a huge giant number of terms of u.s. dollars but we have a fourteen trillion dollar economy but here is what else is quickly approaching fourteen trillion dollars the u.s. debt get the u.s. continues to demand spending almost as much on defense as the rest of the world combined so it relies on other countries to pay for this countries like china to fund u.s. debt or another word to fund us that america storing all of these dollars in iraq

in iraq afghanistan in japan in its bases around the world that's what the deficit is and that's what the u.s. isn't talking about of the federal american politicians would rather sidestep the issue i never see that cross the board or protect defense at the cost of programs americans count on such as social security some high profile players are drawing attention to what actually resembles reality a comedian's for one america is like a family that spends way more than they bring in and dad to give up that big stupid boat. and you know what america's stupid boat is it's our empire oh yeah and former budget director is of republican presidents kind of at the. sundown as an imperialist power and we can have credit card imperial. we can't be the policemen of the world anymore because we can't afford it we're going to cut

defense drastically but with the will on capitol hill looking more like this example you do you do not and the president overseeing this astronomical defense driven debt what does this really mean for the country it means that mr obama is trying to turn the united states into a third world country just as george bush did and just as clinton did there is just as reagan did so there's been a constant movement of the united states to run up foreign debt without any ability to pay or even without any intention to pay and when that credit card is maxed out that tough talk we're hearing now you're going to be following understand your feelings this morning mr r. t. he your. of course some live pictures coming up here in just a moment here as two russian cosmonauts are at a six hour spacewalk i'll start at the international space station they're installing a new multi-purpose work station on the side of a russian you will and carrying out. these live pictures at this moment from what

the. now one of them a veteran of. the other on his first trip outside the station two cosmonauts are wearing computerized russian students. operating. in our crypt with a screen that allows the course models to track their progress and receive updated instructions that the rest of the. russian three americans will be waiting on board . at the station ready to carry out an evacuation in case. the mission is being overseen by the space center outside of moscow working alongside colleagues now we can see the astronauts quite yet but we do know they are floating around the ice to this moment with the other cosmonauts and astronauts waiting for an emergency possible evacuation in the story would space craft more details on that of course twenty four hours a day on our website at www dot com. all right now

let's check out some other world headlines at this hour and eight people have died and almost one hundred have been injured after a fire and gold high rise apartment building in china thirty story tower was under renovation when the fire broke out on the scaffolding quickly spreading to the building itself chinese state media reports people jumping out of windows in desperation to escape the flames. three million muslims made their way to saudi arabia for the annual hard pilgrimage white road worshippers climbed to mount our fat hill of forgiveness on which prophet mohammed is believed to have delivered his last sermon on the ground a movie of saudi arabia gave a sermon at our affair saying islamic renounces all violence and terrorism and those involved were working against the religion. the words of australian airline quantas continue a plane flying from sydney to argentina has been forced to make their return after

experiencing a problem with its electrical system the boeing seven forty seven carrying two hundred twenty people managed to land safely at sydney airport two hours after departure it's the fourth incident this month following a fiery engine blowout on november the fourth which grounded its entire eighty three eighty fleet from singapore. and charlotte here in just a moment to give us the latest business news. hungry for the full stop we've got. the biggest issues get a cuban voice face to face with the news makers. would be soon which brightened if you move. from place to.

don't come. hell or welcome to the program hey are you with me charlotte was far away the scale of the debt crisis facing europe has become clearer with the release of two thousand and nine budget figures for the year is our area greece was an even worse shape than previously thought a deficit of fifteen point four percent of g.d.p. auden which looks set to become the second country to receive a bailout of the second highest deficit over fourteen percent across the whole

fingal currency block the budget deficit was more than twice the three percent target set when the year it came into being. the price of oil has repelled rebounding of the three successive days of ford's concerns over economic growth in europe and china have been undermining the market but friday's report by the international energy agency showing rising demand and stronger g.d.p. data from japan on lifting sentiment or cable to pick from platts in london believes the fundamentals support a bullish outlook for the locket. one needs to analyze the price of oil relative of course to our currency right now with the us is all are getting hurt by it's own doing really with quantitative easing what that means is there will be more dollars chasing the same amount of goods so in theory then public and anyone will need to pay more dollars for the same price of oil perhaps another currency is if there are

any there are strong then it won't be the same case but right now it seems that most countries are really on the same raise to print more money even today we read in the newspapers the bank of england is also saying that maybe they should do quantitative easing so if all the countries in gauging quantitative easing they'll be more notes chasing the same amount of goods from that point of view then oil or any other commodity shouldn't fall in price and what do you think has the market turned more bullish the market in itself leaving aside the currency e shoes is fairly bullish because china despite whatever issues they're having in the short term where they're considering to increase interest rates china is consuming more and more oil every day if the pace of discoveries in oil is not keeping pace with the growth in the man then of

course that is bullish and right now we're entering the winter which traditionally is bullish period for prices so right now prices are very strong. they nearly hit nine you dollars a barrel last week barring any lotion in the european zone i think things are very constructive for the price of oil in effect. that market forming now in u.s. stocks the next now. he traded strong demand for coal sending retailers that's the highest level in seven miles one point two percent gain in sales is nearly double what analysts were expecting job james that will point two percent. and over in europe stocks have turned higher on monday's jittery investors kept no worries surrounding the irish economy while deal talk to the shares of german truck they can see and hear stuff out of the ass yes they're trading in the black burbank

is leading the gains on the r.t.s. up two point five percent this hour new corner nickel a close behind both with your more than one percent. of the r.t.s. games to raise up to four hundred million dollars what coming that's according to color news paper sizing a source close to the matter the listing will take place next year with the balls to attract funds to develop its business in russia and the c.i.s. . the wall the largest mining company sorry has cut us or next to our next story or having some problems the pair the russian issue as market will reach pre-crisis levels within months historically russia has been under insured with the people rely on the government and good luck to help out in times of crisis but is beginning to change with the rapid growth of life and motor insurance would be no question of a report. that young tourney and his company and read the russian insurance market only two years ago from the start of the financial downturn two years on some

saturates of the economy have almost recovery to pre-crisis levels and among them the insurance market we have followed the. markets open but it's all going down on the other market and responded though we are strong but you've got a window recovery on the action in terms of market especially in the sector or from what interrupts the fast growing life insurance business is sin expanding by almost twenty percent this year x. three c. the mortgage will reach the pre-crisis levels. two thousand and eight within months one key driver is domestic car production forecast to reach one point seven million next year another growth sector is buildings insurance in september president dmitry medvedev suggested the return of compulsory fine surance after the summer's devastating wildfires however this will take much longer than the government wants according to one of the country's leading insurers the general director of.

negotiations along will take two years. what we see now are only talks on how to implement mandatory fire insurance in the country if we talk about insuring apartments it mostly means insuring liability but if you talk about countryside houses then this deals more with property insurance the state hasn't made its decision yet i think talks will go on virtually to years it's clear that number is so long it won't drive the recovery consumer confidence is crucial as the industry is to meet its potential my do not question your business r.t. . update for now but you can always file stories on our website article business.