just after seven pm on monday here in moscow this is artsy welcome to the program so we start off with the breaking news here the fast moving developments in libya rebels say they now control most of tripoli and have taken at libyan state television off the air but some reports also suggest that opposition fighters have been looting private houses three of couldn't be sons are thought to be in rebel hands opposition leaders say a large number of their fighters are being killed there are reports that the rebels are closing in on khadafi compound but the whereabouts of the cone or unknown some rumors suggest that could our feet maybe in talks with south africa about a possible escape route despite denials from both sides and nato insists it will continue combat air patrols until all government forces surrender following a night of chaos in the capital crowds have you seen in tripoli central square waving a revolutionary flags journalist mahdi who is in the hotel in tripoli where the

foreign press had been obliged to stage or in the conflict is afraid for his safety and says he's been threatened. the situation's gone more tense more members of the previous hotel staff and security. the media group that was responsible for us have returned with guns obviously because they were fighting these are volunteers and our soldiers they returned with news from the fighting and that picture they have given us is not a picture of loss and they were very confident and i believe i'm sorry to say i couldn't go further one of them worse might have been killed this possibility acting on it for me right now because there are sniper some i would tell. believe being given messages by. us c.n.n. for example want to continue right here and that is we we did this was. a veiled threat in my eyes it's unacceptable it censorship. and

news came of. the. conflict saying what the western media the us are saying to c.n.n. journalists and they i believe they contacted need on the rebels and i believe you know i felt that journalists who were not reporting. for not reporting. the framework of this consensus that like saying danger we feel threatened by the rebels and by the gentlemen the journalists are here i'll tell you right now some of your own city your friend by them isn't real here we have snipers here somebody was shot better know if they did i'm sorry i cannot go of them or check and once the person shot they left in their car and asked to come back with a message was we are hearing maybe i am letting you know that the messages we are hearing on the ground are conflicting what the reports say what al-jazeera seeing what's you know and seeing and it can be very upset very very upset. if you're not

going the way they want. meantime members of the european union have once again called on could afy to relinquish power but euphoria over the ongoing assault on tripoli is fading replaced by concern that the new government may not have the authority needed to bring and maintain peace ati's i ben is following the reaction from london joining me live now ivor so reacts from ten downing street what do you know. all the prime minister david cameron is very confident that this is the beginning of the end he said he is on his way out he's recently just been on the phone to the leader of the national transitional council mustapha. stressing the need for a smooth peaceful and as quick as possible transition to this new democratic leadership he said that the future of the libyan people has to be in their own hands but at the same time as all of that he did say that nato forces mandate for being in the country expires in just one month it will stay there for as long as it

takes so quite an open ended response to that question and also clearly he's willing for it to take is as long as it possible and longer than is desired so there is some uncertainty tempering the jubilation around the rebels presence in tripoli the other uncertainty is over the question of the frozen assets britain has said it's prepared to release them but there are for the building a new infrastructure in the country and stabilizing it but there is some uncertainty as who those will go to and how they'll be used also uncertainty around the e.u. sanctions a spokesperson for the e.u. foreign affairs committee has said for the time being will remain in place over libya and will be lifted when the time is right and finally big question mark of course still hangs over gadhafi where reese he. is still unknown and britain stance has changed once again about on that issue prime minister saying this morning that

his future will be in the hands of the rebels themselves to begin with when the campaign started six months ago he was saying that gadhafi must go then they changed tack about a month ago saying that he can stay in the country so long as he stands down but living in exile now there seems to be washing their hands of it once again saying that it will be in the hands of the rebels as you're saying of a. last second tactical changes are going on here but what about other e.u. states any reaction from them at this point. well a lot of. britain's calls for gadhafi to go germany italy france the e.u. nato also have all come together saying that the end is now nigh and asking gadhafi to relinquish what little power he has left so there's a lot of jubilation going on in europe and trying to signal this is one of the beginning of the end but also the start of a new beginning for libya however the leader of the national transitional council

that mustapha jalil did appear in front of the press in libya. just recently saying that well this isn't the end yet and the end will be only when gadhafi himself is captured so in libya they're exercising caution because this is of course a very potentially precarious state this is a post dictatorship limbo and we've been here of course before with iraq when mistakes were made and like iran libya sits on a great deal of oil wealth so that really complicates the issue considerably unlike iraq however there is this foundation for a new government already in place that is recognized around you they already have a diplomatic mission here in london but already the british press is quite skeptical of their ability to govern democratically saying that there are there is potential for infighting with a lot of different interests there and britain already the government here has is keen to avoid another iraq they know it could go either way they want to avoid this

drawn out insurgency. of called the national transitional council to avoid reprisals and revenge attacks and already britain is leading a international corporation there providing training and equipment to try and help set up elections democratic elections and stabilize the economy to try and ensure what will hopefully be a peaceful transition as you were alluding to earlier regarding iraq and its oil wealth already now in libya because that is not yet over already multinational corporations are already staking their claims in various libyan oil fields are these are the bennett live in london thank you. meantime french president nicolas sarkozy will hold talks with the leader of the libyan transitional government later today by phone and multi-national oil giant as i was saying have already started to move their workers now into the vacant oil fields daniel schorr brings us the latest reaction from here the french defense minister says the call for

a meeting in paris to plan what he calls a road map for libya french france's foreign ministry says that talks are underway at the highest level and that nicolas sarkozy the french president will meet with djibril the head of the transitional council later today monday france is that the transitional council will need help as it moves forward now as it plans its future you know the libya is a potentially prosperous country but it needs assistance from the west if it's to comes through with those plans to brussels the you were representatives have said that as the united states seems to be taking a back seat in these negotiations they see an opportunity to fill the vacuum admitted the hard work lies ahead and the divisions between the rebel factions means that it will be a difficult time because the when there was a single enemy was very easy for various factions some with very different

interests to bond together and now there are fears that this may collapse and there may be a power vacuum france in fact claimed that the war mission in libya is over now defense experts here in the european union all concerned by such statements because with the absence of gadhafi in any sort of real power structure there are concerns that there could be an even more bloody civil war emerging some analysts do see the potential for western powers to divide up libya according in petition in particular to the oil interests shares in italy's giant any have shot up on news that it has sent workers into libya already to work on that country's oil fields. he's done a bunch of reporting right there well for more now on the future for a post gadhafi libya and the interest of various factions have in it and i'm joined by william and author of full spectrum dominance to tell us how and democracy in the new world order live from frankfurt thank you for joining us today so the transitional national council has been billed as everything from

a grassroots democratic movement fighting for freedom so a loose mob of armed men fighting for power in your opinion just what is the transitional government the t.n.c. well what what we have going on in libya for some months now is a major effort by u.s. and nato forces to pour at least a billion dollars by best estimates into the so-called transitional national council it's a rival tribal clan warfare that's going on in libya this is not the democracy movement in any stretch of the imagination. it's simply an insurgency being supported covertly by u.s. financed arm shipments into the rebels and in order to simply carve up the oil fields and get it into western hands rather than in libyan state hands which khadafi held firmly to that's i think the real underlying issue in this whole nato . bombing of libya so rival tribal internal wolf but what's what's going on now in libya when we don't have a capital a capital city full of armed men crying victory what's next. well i think

we're going to face if they do succeed and it looks in all likelihood with the full power of nato and all the. insurgency being supported by u.s. and nato covert intelligence that they are eventually going to topple gadhafi and i think what what libya's going to face after that is a period of prolonged chaos nobody knows the outcome this is as i said at the beginning this is tribe against tribe this is not democracy against fatality areas and so. what the merges from that i think it suits some of the western oil interests especially the british and the french who are fighting like the like puranas over grabbing the most you see oil fields for them for their own companies . that suits them to have chaos because then they can control the terms of oil exploitation much better now recently a western governments unlocked some of khadafi frozen reserves to fund the rebels

but where is the money going where they spend it on infrastructure that's been destroyed during the conflict or is it just going to be lined up pockets. well this is what nobody can predict i mean these these are not to for the most part people schooled in democracy over generations these are as i say just people who've been promised the control of the oil in return for making an armed revolution against the established government of libya so you know nato is doing this under a manipulation of the. gulf cooperation council several months ago where saudi arabia got a deal with washington controlling bahrain from from revolt in return for which saudi arm twisted the g.c.c. members to give this. apparent support for a u.n. intervention military intervention by nato and ever since and it's been the most brazen violation of international law that we've seen it's incredible to me that the the international media doesn't debate some of the some of the legal aspects of

this regardless of whether qadhafi's a good guy or bad guy this is a precedent that is going to be used time and time again no matter who. well you mentioned you mentioned gadhafi he's no way to be found what do you think he could be planning for his next step i have absolutely no idea what what he's planning. he has such strong support from the population for one simple reason i think and that is for forty one some years he has taken care with the oil revenues of libya to provide clean water for the population to provide schools to provide and virtually free medical care. the education and literacy levels have risen to almost ninety three percent in the country compared with forty years ago so the population wasn't a better grumbling population with discontent as you head into in egypt it's quite different so khadafi commanded the significant lot of the especially on the tribal basis but now it's all up for grabs i think second afi over the years with the

profits of money made from the old revenues are spent lots of money on infrastructure as you were saying education transportation the medical industry as well could we expect a similar show of support of the people from the next transitional government do you think. well look at what we've seen already from the members of the transitional government there they're not only in fighting there they're killing one another this is just the. you know brutal power grab by by greedy groups that see a chance to get a chunk of the action so i don't think we can expect anything positive and most dramatic change of personnel and meant definitely mandela full spectrum dominance totalitarian democracy in the new world order thank you thank you i mean time the white house has hailed the rebels advance into tripoli saying the situation is at quote a tipping point president obama called on the libyan leader to acknowledge reality and give up power immediately and that is the u.n. mandate for nato's military mission there expires next month some are suggesting

the timing of the battle for tripoli is no coincidence. as the gadhafi regime is collapsing with enormous help of nato when there are air strikes washington says they are in close contact with the lead rebels leadership and that the u.s. will support and here i quote president obama a peaceful transition to democracy everything that was going on in tripoli this weekend was anything but peaceful we're talking about extensive nato bombing the city before the rebels made it to the central square of tripoli we've seen the rebels cheering all night that very much reminded of what we saw in cairo when hosni mubarak was ousted but up until now as we know the people in egypt are not governed by who they chose as their leaders and similar things happen in other colors revolutions when people ended up with not what they wanted and in libya those who took over and that is the transitional national council have now been chosen by the people get the council is being recognized as legitimate power in libya by all allies who have been helping oust gadhafi many libyans are outraged by

the fact that foreign powers and have essentially made those very important choices for them the war has been going on for six months it took many lives and drew a lot of criticism nato is facing a deadline is september when a resolution full strikes has to be renewed and given all of the violations that have taken place it would be very hard to get everyone on board for extending the campaign with what we are seeing on the ground it looks like they have met the deadline it's important to know that colonel gadhafi had no friends in the international community after what he had done to these people and the whole of the international community has been has so far been united in saying that he must go all of the u.n. security council members shared their view including russia but many say the way nato has been accomplishing the goal of toppling qaddafi went beyond the u.n. resolution from six months ago which also raised the military intervention and some say far beyond the resolution was designed to protect civilians but many innocent civilians have been killed by nato strikes during those six months that funneling those weapons to levy and rebels was also done in violation of the arms. embargo

imposed on b.b.'s for the rebels they are far from being a group there has been some internal fighting going on among the rebels themselves but many experts are saying the fight for being in charge. is no surprise even considering what's at stake and we're talking about a nation that has the richest oil reserves in africa well while there is still fighting going on in tripoli we know that rebels are already negotiating oil contracts with companies from countries that have helped to help them get off their back one libyan oil for and controlled by the rebels said that there may be political issues working with russian chinese and brazilian companies in this sector so for some the battle in tripoli may be about ideals but it seems many of them there are very much down to earth with their mission. artie's gun education reporting meantime moscow believes it could afy has no option but to resign and

that a change of power in libya could pull the country out of crisis however it says that foreign interference in libya's internal affairs is unacceptable russia also hopes the takeover will put in place a legitimate power which will stick to its economic commitments towards moscow but a constantine cutoff chairman of the state duma foreign affairs committee says even if the opposition wins infighting is just around the corner. the national committee system's committee is not united it consists of different tribes ethnic groups political forces. will start for i think each other i'm afraid. mr qaddafi resigns no the future government of libya heading had these foreign supports will be very very grateful and. very helpful to these currencies these group of need to countries for

them to receive the future for the rebuilding of the economy of libya their china nor russia they have no chance to have the same equal. treatment of the countless which have helped the opposition in libya to be in this week period. and it will be following the dramatic events in libya on air and online throughout the day so if you can do stay with us. let's get to some other news now israel and the palestinians have reportedly agreed to restore a fragile cease fire that's after sunday's the time to end the cross border fighting around gaza resulted in more rocket and as strikes pull asli an hour brings us more from tel aviv. the popular resistance committees has agreed to be party to this egyptian brokered truce between israel and hamas now the p.l.c. is significant because one it is a relatively small and pakistan which is the group that is hold responsible for

that initial cross border raid on thursday that killed eight israeli citizens and that's why this latest wave of violence what we are hearing from the p.r.c. itself until now it has not been prepared to be party to this now saying that it will be but there still remains a lot of confusion over this cease fire it was signed last night it was in fact agreed to last night since then some fourteen rockets have been fired into israel now the problem that hamas has faced from the beginning is that it does not have control over palestinian factions operating in the gaza strip there is almost a sense of enormousness there that we're now hearing from a palestinian official that has mass will be able to enforce the cease fire with smaller militant groups if you speak to israelis here really what many israelis will tell you is that it is in israel's interest at least now under the leadership of the israeli prime minister benjamin netanyahu to launch some kind of attack on gaza he's the right person to do it people here saying that israel has been preparing for such an attack for quite some time and of course there have been

social protests at home criticizing the netanyahu government that would make it almost convenient for him to distract attention away from them. because more of the headlines in just a few moments before the business news with carrie. welcome to our business update there's thanks for joining us all prices of trading makes on monday brant crude is sliding as libyan rebels appear to be on the verge of passing the regime but stronger equities and we could dollar have supported the u.s. crude prices now joining me now to discuss the issue is christine says korea no oil and gas likely analyst at standard and poor thank you christine for joining the program what's going to be the levy effect on oil prices you think. will be needed to affect this particularly with brand because it is more sensitive to what's happening in the region would be for it to come down but you have to realize that

the things in libya have not actually been resolved. khadafi the forces good steel place or counter-offensive so things have not been resolved but if things do get settled then we will see prior the price of grain coming down but we must not get you know that the price of oil is also something that investors and other people used to say hey chicken steam flay show us we've seen the price come down with news of libya but then dry ice as the dollar fell so it's going to have a mix effect but we'll think brant if the situation in libya falls apart doesn't fall apart would proudly trade down to one hundred or maybe slightly below ok but how long do you think that it will be before libya is back on top. i think it will take about a full year before production he said its peak levy is currently producing around less than one hundred thousand barrels which is about nine percent of the previous

capacity now we understand from any which is the largest producer in the country that so far as they know installations have been hurt but still you cannot just turn it on you have to build up the pressure and you have to start gradually so it will probably take a four twelve months before they reach peak while you're saying the prices of oil go up and down on the dollar but in the long term would leave it back producing how do you think this will affect prices i think you will see the differential between brenton w.t.r. narrowing thieved he'd up about twenty six dollars and i think that should come down to maybe fifteen or ten in general the price of oil should come down want to see two asian libya it's resolved now one thirty two issue needs resolved you know there's still a lot to be done in libya they have a lot of different factions but as long as the one thing i'm sure they will agree is that they need to revenue from oil production therefore we think one of the

first things that will go forward regardless of whether they install actual government is a production will be started now companies will be reluctant to you know go full steam ahead until they actually know what the situation is on the ground with terms to having i recognize government talking about the companies which energy companies are best placed you think for future operations in libya. well amy said largest producer it gets around fifteen percent of its production repsol it's a smaller player pretty represent about sixteen to seventeen percent of historical production so the impact will be the biggest in those two companies and then we have talked about two point five percent of its total production and gas problem has about two blocks in the area so those companies will probably benefit the most and you've seen it in the intraday trading any has been up by almost four percent today kristie we're talking about leaving all the time what about the gas there

will see what we see an increase in in guess a quotation by say italian companies like any. well i need an italian general depends for wind on natural gas and natural gas is much easier to turn known than oil so we could see if the situation is speedily agreed on the ground probably some export from libya even dissuade into what the companies do not want is to start operations before the recent government in case the recent backlash but natural gas is much easier to turn on it could take just a couple of months ok thanks very much for that christine. gas equity analyst from standard and poor's thank you very much for that update and let's take a look at the markets now u.s. stocks solidly high would come well off initial rally as investors keep tabs on libyan and game many traders are looking ahead to a speech by the federal reserve chairman ben bernanke he had an annual meeting on

friday he was listed shares of italian any the biggest producer of leaving crude jumped eight percent french all conglomerate total also rose up three point six percent and while dutch shell climbed over three percent in europe markets are trading in the block as well london is up led by gains for oil field services firm petrified after a strong first date while rising sober and gold prices helped lift prisoners low now the footsies getting over a percent and the dax is up point two percent. the russian markets ended in a block but not too high the aussie has gained a quarter of a percent while demise six finished nearly point four percent now here's a look at some individual settles on the rise it's most energy majors bounced back from early losses with top point one percent of banking stocks were also on the wise would be to be one of the over one and a half percent and pulling metals among the main game is adding over six percent on strongmen call us. now brant crude falls in london on speculation even production

will recover after rebels enter the capital tripoli brant down one dollar for. two cents to trade one hundred seven dollars a barrel. holding eighty three dollars. and a quick look at precious metals gold careening closer to one thousand nine hundred dollars an ounce of the flight to safety even as continues and so worth is gaining one point eight percent that's all. well that's all the figures for now but i'll be back with more in about forty five minutes so hope you join me.

wealthy british scientists it's time to retire. the. markets why not. find out what's really happening to the global economy in these kinds of reports on are.

welcome back you're with us here live from moscow a recap now of all breaking news this hour rebels claim to control the libyan capital after a major nato. and there are reports that three sons have been captured by the opposition but meantime the locational the libyan leader himself. opposition supporters rejoice in the forty year old regime is nearing a dead end but skeptics point to the bitter disillusionment that followed the for. egypt's dictator. the international reaction to ranges from euphoria to outright caution amid concern over the likelihood of an unstable rebel government torn apart by competing interests. all right my colleague bill dog will be keeping you updated on all the recent developments in the middle east and of course in libya in half an hour's time meanwhile do stay with us.