wealthy british style.

market. find out what's really happening to the global economy. stronger the no holds barred look at the global financial headlines kaiser report. happy new year from the coldest region in the world i'm sean thomas in new york and coming up we'll tell you about all of the celebrations and racing the icy cold frigid temperatures feeling incredibly mild weather. as we care out for new year's celebration in just. the atmosphere billed as people begin to the. red square preparing. you join me alison just to keep. it is the old and in with the new we bring you the highs and lows of twenty ten

years it'll be remembered in russia and around the world. and indeed has been a turbulent twelve months in western countries with a wave of civil unrest raging across europe and some say it was worse in store one . coming to force we report. this is r.t. it's now eleven pm friday the thirty first of december here in moscow i'm kevin welcome to the program. and here in moscow it is now the final hour of twenty ten in a few moments where we're looking back at what was important in the past twelve months and what lies ahead in the next year but first let's check out hope people are preparing to see in the new year in this time zone because in the olympic city of sochi just seen. in the capital moscow getting both early is first to many people around the world to them red square is

a place to be on new year's eve is near the city certainly knows how to celebrate. well as you can hear behind me kept celebrations here almost. well underway already had some fabulous performances on the stage behind me including some raul the fabulous. and it's all of course because we're all less than an hour away from the. midnight we are expecting. the whole of people to converge almost downtown area the main street to better sky will be closed to concert hall past eleven means that the time can be turned into a large street party the atmosphere really is building here and that's of course because you here is the number one holiday here in trucks even christmas. holiday what about friends and family champagne and stuff i was like sound of

course wishes resolutions for the new year. i just want everybody to be happy the chinese here have the rabbit i want this year to bring everyone only positive emotions. to see you this is really i wish everyone the best of luck i hope that everything that is one that will happen. and that everyone feels happy in this new year. family of course for me and for myself and with. helping. now cool eyes will be on red square itself on the stroke of midnight the locals would get the center if you like the celebrations across the capital of the house across all wraps up last year one hundred twenty thousand people look forward to the pumpkin announced the square root of the night is the night sad numbers are being limited to twenty five

thousand teacher safety concerns but eleven dollars mt is not the small town square will be installed full a pretty major treat we are expecting a fantastic performance speak good song including don singing singing there's going to be a fine let's just play a president to be going to bed is that you give a speech we can't across big screens around this is what i'm all about with a crescendo woods right launch and colorful fall i want to take place over the last reverse so those most points you do decide to brave the cold and make it down to red square the install full of wonderful life yeah ok alex looking forward to that and said well most two thousand kilometers south snow but still staying in russia we're going to be limping city of sochi for sarah first. no snow of course we autumn all the new year but palm trees there are plenty over. yet this doesn't look so they say you might be able to pick out a few in the background along with the more traditional christmas tree punches

perhaps not what you'd expect from the middle of a russian winter but sochi of cools known for its much climate in the code is not the january temperature doesn't drop to much about nine degrees so i really vary woman did for russia when that was the edge place a twenty eleven everyone here gearing up for the celebration but people at the market still we've got a band in the background playing to hundreds and hundreds of people that have been enjoying the music i what a lovely evening for it now the mild weather. just one of the things that attracts millions of people. every year the largest city in russia you got the black sea in the case line about five minutes away from where we are in the lovely pebble and sand beach is just an hour away from that you've got the snow capped mountains and a very popular ski resort not pollyanna like the president and prime minister putin

needs to be that close to. the twenty fourth when for a live picture let me tell you these guys really know how to celebrate they're all having incredibly hair at the moment as we gear up to head into the sort of. going to school thank you both very much well in the country's eastern regions the new year parties are either already in full swing or now coming to an end only we spoke to want to show people celebrating russia's coldest city. this is the coldest region on earth in fact it's about thirty four degrees below zero out here centigrade but that's ok it's not stopping any of the fun in fact i am joined by actually khan who is the version of good models which of course is the russian version of father frost celebrations couldn't be better out here in fact one of the main features about this area because it is so cold

a lot of the decorations for new year are involve ice involve the cold in fact we're standing in the midst of a beautiful frozen ice sculpture a village which is all that a beautiful with lights it's just an amazing amazing time earlier today we had to you had the opportunity to spend preparing for the new year with families getting ready for their celebrations we went to the market with them which was an interesting experience in itself no need for refrigerators there and cabin because well in fact all of the fish are frozen all of the meat is frozen even the milk is sold in frozen blocks we then went and joined a family that had adopted more than eight children as they had their new year's celebration that meal it was a very special time as they had a traditional russian meal as well but really the people here they don't let's call the bring them down that they embrace the freezing temperatures in fact believe it or not there is a heat wave going on here it is only minus thirty four degrees right now usually

around this time it's about minus fifteen minute you're good you can even get down to minus sixty two degrees below centigrade so right now they're embracing the heat wave saying they're enjoying these wonderfully warm temperatures as you can see i'm dressed to the hilt just so that i can stand these temperatures but this is a part of their life and it's a part of their new year and they're saying that two thousand and eleven is just going to be brilliant in fact in the distance we can still see some fireworks going on the people are still celebrating and enjoying this special time of year. well still ahead on this last day of twenty ten new year's night is it time for miracles . they say there's one thing called to make a wish and quite another for it to come true but when you speak to the russian families of the best to have a problem make it about. twenty turn comes to a close we open the vaults next to the year just past cup suring the despair the disaster as well as the heroic and historic it was a year when espionage an intrigue took hold with spy scandals and embarrassing wiki

leaks causing global sensations there's also cause for hope to as ever with the world's biggest nuclear powers this year decided to cut their arsenals and for russia letting the world cup was a crowning moment artie's in this takes a look at what was behind this and indeed what's ahead. i went to town it was a year filled with leaks and laughter tears and tragedies it got off to a good start for russia signs of economic recovery no gas crisis with ukraine or bell the roots like in previous years and a relatively bearable winter but that all changed in march when terrorists struck. twin blasts rocked moscow's metro during morning rush hour killing forty injuring over one hundred two women suicide bombers blew themselves up on a central line one just meters from archie headquarters. we will find all of those

who are guilty and we will punish them too kumara from chechnya who's on the international most wanted list and has links to al qaeda is the suspected mastermind behind the attack in a chain of special operations several terrorist involved in the suicide bombings were taken out by russian special forces. presidents to me to madrid and barack obama signed the new start treaty in the spring setting to slash both countries' strategic nuclear stockpiles by a third this is the most significant arms control agreement in nearly two decades congress only approved the pact just before christmas and the russian duma is expected to follow suit after months of waiting for their counterparts on capitol hill to get through bipartisan wrangling there were fears the pact would be amended or blocked by senate republicans over unrelated domestic issues both the kremlin and white house the feeling the deal as a cornerstone in the restart between russia and the us.

april tenth a tragedy with echoes in history shocked the world polish president lech kaczynski and most of the country's political elite were killed when their t.-u. one fifty four crashed near smolensk the delegation was going to mark seventy years since twenty thousand polish officers were massacred at cut them by soviet secret police just days before the accident a joint commemoration that could thin was seen as a tremendous step for russian polish relations with the new over the past few days we held remembrance ceremonies mourning the victims of told tell a tear in ism let kaczynski was coming to russia to pay tribute to the killed polish offices that all russians share in your grief and sorrow. russian polish ties continue to war as the two nations mourn together.

in twenty ten russian marks sixty five years since defeating nazi germany in what's known as the great patriotic. elaborate great was how done red square as heads of state looked on to commemorate some twenty seven million soviet minds lost during world war two. it was the first time in history countries that made up the allied forces took part in the tradition. twenty ten also saw the return of cold war spy scandal sending bombshells like her anna chapman into the headlines for weeks and then home to russia that she's. innocent inspires me more than the amount and the quality of people and might in new york it's the strongest largest and the most solid community in the world. but you didn't get to stay for long fam

fatah and the chapman was just one of ten alleged russian spies exchanged in vienna for four american spies serving sentences in russia the scandal worthy of a hollywood blockbuster broke just after obama and medvedev dished out politics over burgers in virginia the media frenzy was a lot hotter than tempers in the u.s. and russia who ignored the hype with cool cooperation. record heat wreaked havoc in russia with summer temperatures and twenty ten lingering at forty celsius for over a month hundreds of wildfires ravaged the country killing over fifty and leaving thousands homeless. the flames left the capital covered in a blanket of toxic smog for weeks almost caus mayor stay on vacation in rio yuri luzhkov was sacked the next month with president mid-range of saying he lacked confidence in the mayor and sergei sabean and soon became our scouse top man.

officially our first in the middle east iran's bushehr nuclear power plant was launched and unloaded and is set to be connected to the country's electric grid within months saving iran eleven million barrels of oil a year the plant is operated by specialists from russia which also provides the nuclear fuel and deals with the waste iran considers the launch of victory and proof of their peaceful atomic program despite criticism from the u.s. and israel. he never made it off the short list as time's person of the year but for many he is the man of twenty ten wiki leaks founder julian assange exposed hundreds of thousands of iraq war documents and american diplomatic cables to name just a few the u.s. government would like to get a social silence here in wiki leaks. the wiki leaks website will continue to run.

these documents were stolen the freedom of speech any breach of security like this is bad for diplomacy it is an extraordinary job of journalism many people believe mr song to be innocent and in sweden he faces allegations of rape and songe was arrested in the u.k. where he was seeking refuge later being granted bail after a legal wrangle and now has to wait to find out whether he'll be extradited to sweden clearing my name is not to be harsh the task i have the highest task i have is to continue on with my work the whistleblower continues to leak into the new year. following yukos had me cough ski was found guilty of laundering over twenty five billion dollars worth of oil and sentenced to fourteen years in jail he has nearly served out an eight year sentence for tax evasion and fraud and faces another six behind bars russia has been criticized for politicizing the case but putin says compared to financier bernie madoff's one

hundred fifty years fourteen years is nothing more than a slap on the wrist. and last but not least twenty they didn't feed. jon the money will be organized manner. it was a nail by the way to the announcement with russia and england going head to head to the very end with. little sloshes secured the bid with his big dreams of football and england secured have minds by dubbing russia's win a fix from both them over my head saying q prime minister putin only went to zurich after the announcement saying he didn't want to pressure fi fuck all david cameron back and prince william weren't enough to bring the world cup home to england

russia didn't let the sort of losing rain on their parade winning the right to host the world cup certainly goes down as one of the most enjoy about moments of the year but that does it for our look at twenty eight hands top ten companies and now away and from all of us here at our happy new year stay with us for the top of dance in twenty eleven. well for europe twenty ten was the year when some of its countries came to realize that you can't spray and what you don't have bailouts and austerity began to be closely associated with the euro and hundreds of thousands of angry people all across the continent lashed out in response bodies lauren that breaks at the time line for. the summer of discontent that became a winter woes for europe in crisis across the continent tens of thousands repeatedly turned out to protest against their government often resulting in violence and destruction. and it's not

over yet after a brief holiday hiatus most assured the unrest will return in the new year and we haven't seen the worst of it yet. bomb on the door mats the credit card bills people will be beginning to lose their jobs people have been living the proof for this on their credit cards to pay their mortgages they're going to start defaulting that's when the real protests are going to stop in the u.k. was a huge hike in college fees that sparked the violence. in ireland the country's near collapse forced its toughest ever budget to secure an e.u. and i.m.f. rescue in greece and spain public sector pay slashed while taxes rise. for the french it's the prospect of being forced to work all measures which ensure working people pay for the mistakes of bankers and governments britain's enduring

the harshest cuts since the second world war also reeling over forking out around twelve billion dollars for a huge membership and as we've seen the contribution rise i think is going up by two point nine percent unfortunately that is you know it's enough to get people actually quite quite right in the face quite hot headed because we are having to see massive cuts here local authorities are cutting back on their frontline services and actually we don't feel as british people that we get that much in the we put a lot in we don't get an awful lot out london's biggest protest of more than fifty thousand fell on deaf ears as inside the house of commons member. voted to make students pay three times as much for their diplomas but they insist the vote hasn't dampened the spirits what parliament can do. the movement can do in fact and we believe that we still have the chance of defeating the higher education bill which is going to be debated in the new year so far in the u.k.

students and trade unions have been the most vocal but veteran politician and campaign attorney says the next move would be so for united front. students support pensioners who are finding their pensions. disadvantage public support those who benefits are being cut to the thing becomes a very powerful political movement for justice and once that happens governments have to listen right now the cuts are on paper but once they begin to bite so too will an increasingly angry public not even the christmas tree on trafalgar square emerged unscathed from this winter's violence and from the people of norway and a symbol of peace and goodwill protesters tried to set fire to the tree and graffiti on nelson's calling nearby and this isn't the end of civil unrest in the u.k. or across europe as governments continue to dig their way out of the crisis by forcing

austerity onto the people the people continue opposing them you're and is o.t. . here for many russians new year's eve results the perfect time to look for miracles all you need is a napkin a pen a glass of champagne something a tree by the way a face well it's not his exam a pointer explains next your wish has to be made when the kremlin clock strikes midnight if you want to come true. it was a hectic new year's eve four years ago because cynthia family was marking their six year together with all of finishing the cooking and paid to entertain in the guests . but as the cramming clock started counting down the last seconds of the year everybody pours. their road our wishes and napkins burn them and soak the ashes in the champagne according to the time honored to russian ritual drinking it should a grand even the most unattainable wish of the hour. i can tell you what i have

asked for because this way it won't come true let's wait and see if i am lucky with my wish you will know about it a symbol of russia's officialdom the kremlin charms are also an embodiment of people's most private hopes every year has the clock strikes midnight millions of russians ask fortune for favors for those few seconds even cynics start to believe in magic. you can call it the cinderella fact according to polls the majority of those who are scribed wish granting flowers to the crown in chimes are women and some of the most popular new year's wishes include finding your chill laugh getting married and having a baby. the largest clock in moscow this kremlin timepiece is also among the oldest in russia the current mechanism was installed in the late nineteenth century and it's still a measure of precision and while the chimes have more of the pendulum of russian

history swinging many times according to historians the wish making tradition is relatively new. put on thought that this tradition could be traced back to soviet times because never before had red square and the kremlin had such a sacred status it wasn't well publicized back then because there was no place for superstition in communist ideology but people made their wishes anyway and here's why four years after synchronizing their hopes for the kremlin. chimes the descent the family has that own little new year miracle running around the house and helping with the festive first decoration at the will of the farmer's wife she's the wish i wrote on that piece of napkin in the one i made in many many other occasions but i know for a fact from my own experience in the experience of my friends that on new year's eve you need to ask for something they read dear to your heart and it will definitely come true. there will be no gifts of frantic cooking deceiving but all

in biggest say once their dora goes to see the dream fairy they're all going to have a bottle of bubbly hyundai t.v. saturday crumbing chimes and proceed with the wishful thinking they're already think they're like a store but didn't stop dreaming. of wake up already see moscow. carolyn thanks for being with artsy tonight we're taking you live to the kremlin and red square for the new year festivities and the president advent of speech in half an hour's time before that with a round of the best sporting events of twenty ten minute few minutes as well but it's new year's business before their. they are welcome to this special business program here ought to be looking at some of the highlights of two thousand and ten. this is so russia and its most ambitious privatization program since the one nine hundred ninety s.

the government plans to sell stakes in major state owned companies within the next three years in the hope of attracting around thirty billion dollars the list contains hundreds of companies of different sizes of the various sectors of russia's the biggest oil producer roles in the cell twenty five percent the same goes for russian railways the country's biggest lend itself seven percent will sell thirty five point five percent bottles and cans a seventy percent stake in hydropower holding. and a fifty percent minus one share stake in shipping company solve conflicts russia will keep control of the retaining fifty percent plus one share fault if the sell off is a success the state says it's ready to offload even more. as the first step we plan to retain fifty percent plus one share for the state in the next three years but depending on the results and looking at the market trends we can go further and sell the controlling stake so in the majority of companies we can lower the state's

share to twenty five percent plus one. for the second year in a russian stock markets have taken it leading growth positions among global indices as a mistake reports. very strong and better than expected that's how most analysts describe this year's performance of the russian stock markets both the r.t.s. and my six have grown over twenty two percent in comparison the japanese nikkei lost two percent the footsie s. and p. five hundred and dow jones indices are lingering around the ten percent mark of wood in russia this is been a year for domestic retailers pharmacies utilities call me because they grew the most outside as well oiled companies and guns boom that didn't gain anything out of the say the oil and gas sectors growth was hampered by b.p.'s oil spill in the gulf of mexico low oil and gas prices and relatively low realization of volumes however russia is still looking cheaper than its peers and russian companies now traded at

price to earnings multiples of nine and a half versus brazil and companies brazilian market trading at a thirteen year a share and cheney's above sixteen in fact turkey is the only emerging market outperforms russia with a twenty five percent growth but experts point out that pricier turkish companies have lower prospects of growth in two thousand and eleven as for russia the early growth part of the economic cycle means investors should keep an eye on the so-called cyclical sectors there are cyclical sectors they include. financial services they include retailers consumers they include telecom italia it is mel's and mining overall for two thousand and eleven analysts expect another year vast growth in the russian indices up to twenty five percent timofey across europe business r.t. moscow.