it is just a very well mark and this is all to life in the russian capital with the twenty four hours a day top stories now syrian forces launched against protesters in the northwest with reports of several killed meanwhile russia is urging the un to get the warring sides into talks to avoid a repeat of libya's chaos he said. israel will rise as its special forces to shoot a palestinian protest is that because of march in support of the u.n. paid for independence has already jewish settlers in the west bank which claims the sole purpose is to prevent luncheon. the gas impasse ukraine

backpedals or taking russia to court to force prices down it says it will stand its ground and the already signed deal has continued to insist on a price reduction but his so-called refusing to make any concessions. turns up today for the month with another summary and fifteen minutes from now in the meantime the decades american europe lead the pack in the global economy on the positions of floundering dragging much of the world down with them but not everywhere as i'll tell you now here's for india. the as and p. downgrade of the united states economy has varies in many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this kind of the traditional players and what is the impact going to be on the so-called developing world well

joining me to help get some answers on all of that is mr monti ahluwalia i want to ask you is the second wave of the global financial crisis upon us i think what will happen is markets would be disrupted slightly moderate growth prospects for the card in the u.s. and maybe in europe but i don't see this as going back and eight and so where do we go from here who's going to. fix what's going on in the world right now the world needs to. get together to work out what sort of transition what's a reasonable transition in a world in which there would be more than one currency and where the traditional reserve currency. of the movement is in the country which doesn't have a very well balanced by crude nomics attrition and is there a sense in india do you think that perhaps there could be

a shift in the world order and. india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term a long term projection suggests that japan will go relatively slowly europe may grew a little bit faster a good problem the us has traditionally been viewed as a very dynamic economy it's like do the grew faster in europe. but the growth rate in these economies would be much less than the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries and i think you are thinking of a world in which there would be a large number of relatively equal economic things you want to global system that

can accommodate that it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been fed that you're at has dominated the air national monetary fine and your opinion is that part of the problem or at the thought wishing i do think that the dominance of the industrialized countries of these two institutions has to change remember that as long as europe and the united states are together they account for almost half the votes in the army or from the world bank so even if you made a voting system they would be able to get their candidates in providing to collaborate with each other but you don't want to system where it's assumed that one organization will be run by one country and the other will always have european and how do you think all of that has affected the euro zone and personally i think

the world is going through some very important structural changes and if europe is showing signs of strain i think it's appropriate that the fun should do what is necessary but it's also appropriate that europe should be very very large part of the burden and the costs and that's what's happening with the i.m.f. is working collaboratively with the european central bank on the whole i think stability is very important for all of us and so far. they have done i think is the right thing but looking ahead as new sets of problems arise i mean there's always an issue. to fund must be not dominated by the concerns of any one part of the world it should be should be seen to be reflecting global interests and do you personally think that the euro is going to survive the creation of a single currency for europe was a pretty major and

a bold and ambitious step i think is generally recognize that if you want to have a single currency it needs to be backed by a single fiscal authority now since euro zone is different countries they obviously don't have a single for school of theology but to back a single currency they must have a very shared understanding of who's going to pay the bills if a problem arises that will become a substitute for a single authority i don't think that's been sufficiently clear i think in the first flush of. good feeling about the euro there was an assumption that a lot of benefits that come to european countries from having the same currency but not enough appreciation that there are cops and i think that's now everything so it's a challenge for europe how they're going to handle this in future i do feel that they need to be if you like bailed out right now because i don't think it's in anybody's interest to see a major financial collapse about moving ahead how do you stop the same thought

problem arising ten years from now it is very important for europe to have very clear rules of behavior how are they going to deal with fiscal crises. i mean what's going to be the rule of the european central bank in bailing out governments as opposed to the role of the i.m.f. so i think these are issues that the global community will have to look at and i want to ask you about china obviously china is the number one us to get holder i believe they have around. three trillion dollars that us in your opinion can they make the right decision and during that period is true that the chinese have a very large holding to some extent if the chinese wanted to retain. parity with the dollar which was part of their strategy they would end up holding a dollar debt because if they didn't hold dollars there then essentially the dollar would depreciate. and the renminbi would have appreciated so to some extent the

trying is holding dollar debt is the other side of the course of running surpluses but not actually appreciating against the pattern see if you're running a surplus which now you know that that period gave the word a lot of stability a lot of growth the chinese benefited i guess whether they made the right choice or not depends on whether be now addressed in a soft landing mefford rather than in a highly disruptive member and it's in everybody's interests including the chinese of course the adjustment should be a soft landing do you think that dollars and i survive as a global reserve currency as a major currency absolutely i mean look the united states is going to remain. the dominant country globally it won't be as overwhelmingly dominant as it used to be but it certainly remain the largest economy certainly for another ten years the fact that the u.s. has free movements in and out of capital will still make it the trendsetter rather

than the trying these economies the real issue is in future would people be willing to hold all their reserves in golas and as a general rule if you've got four major currencies it doesn't actually make said store all your lives in one province so i think the in the past there's always been the assumption that other countries may addressed the u.s. currency become the sort of stand of stability. but i don't think can remain true once you get a lot of other countries which have more or less similar size as us and in your ideal world who should raftery the global economy i think there is a lot of consensus around the world that the fund is the international institution that should be looking at these things and if there are governance problems or inadequacies in non representation in adequate amount of the newly

emerging countries then those should be corrected. actually use this as the forum and obviously you know there is a reshaping of the world economy as we've just got fed happening that's probably going to also cause fundamental political shift as well what do you want facts to be from our point of view the rise of a number of emerging market countries will create a much more balanced sense of the world economy amongst countries that were earlier seen to be dominant it might create a greater awareness that you know they can't unilaterally decide the future of the world and certainly countries that earlier felt that they were not part of the critical decision making now feeling part of the critical decision making i mean that's good democratize ation of the globe truth have positive effects because it'll make these countries behave in a more responsible manner and there's been

a lot of talk about rating agencies being unaccountable despite their political influence where you make the the agencies mark out of all if you could one of the fundamental areas of conflict are the rating agencies rate companies that pay them to rate them so you can generally assume better pump a need that pays a rating agency to rating it's hoping to get a good rating so there's a there's an element of conflict of interest if you're getting your money. from the people who are giving a rating. i don't find an easy way of solving this problem but i think transparency transparency in how the ratings are down under track record is the only way that you're going to be able to solve the problem and the last question i want to ask is you know a lot of people are saying that investors are going to perhaps invest more in the of emerging market if they start to look away from u.s. treasury bonds i mean what's the planning commission short term predictions for

n.p.r. in relation to everything that's going on right now the big message coming out of how the global economy is moving is the industrialized countries are going to grow more grew more slowly whereas the emerging market countries are going to go faster india's been growing for the last five years at about eight point two percent anybody who's investing and looking around the world if they find one market is growing a little somewhere between eight and a half or nine percent another market is going to grow to a hard percent i mean they would be very well advised to invest in the markets that are growing so we expect on a medium term basis there would be it already is and will remain preferred destination for foreign investment people look at the global portfolio traditionally they've invested too much money in the industrialized world not having anticipated what the consequences of globalization it would be so over time

i think they should be rebalancing a little more towards the emerging markets and within that i think india would be a very good bet. well it'll certainly be interesting to see how and here's a fact that dialog if i want to thank you so much for taking the time to talk to me thank you. so much brighter if you live by someone from funds to the british in these. days for instance on t.v. dot com. we'll.

bring you the latest in science and technology from around slosh. we've got the future covered. worldwide manhunt for him lasted for a fifteen year. old war it was promised for a. political murder for the west. for a minute. general of the serbian army. they . are limited. on our chief. of mission three cretaceous three. three. three. three. three.

three blood clotting videos for your media project a free media. on. top stories on r.t. syrian forces launched their biggest sweep against protesters in the northwest with reports of several killed meanwhile russians are urging the un to get the warring sides to avoid a repeat of libya's chaotic descent. and authorizes it special forces to shoot at palestinian protesters as they prepared to march in support of a u.n. bid for independence one of its already jewish settlers in the west bank but claims the sole purpose is to prevent bloodshed. in the gas impasse ukraine backpedals taking russia to force prices. it's already signed a deal can't continue to insist on a price reduction and so far refusing to make any concessions. or news for me and

fifteen minutes from now let's see now what's going on in the world of sports with natasha. hello welcome to a distance thanks for joining us on the headlines this hour you can look at some point in the final perhaps it had all come our own zero twenty as well for the fly against ireland here in moscow has certainly the wind to solidify their top position and grow but. there's open tennis on russia's top ranked player battles a lot of them makes the court finals the second see the still aiming to have passed major trophy. and also he's ready to defend his belt but only talk challenges are welcome to the recently crowned w.b. champion russia's alexander still uncertain about his next opponent. and

photo as well as start as russia gearing up to take a massive step towards heroes went its well qualification on tuesday the group b. leaders take on the second seeded republic of violent here in moscow they trace crucial for both slovakia and armenia are also very much in the running russia's a full of face court although midfielder ego is in use of is out for a suspension the hosts and to the time high spirits having beaten the irish free to in dublin last october. it doesn't matter who's playing for ireland even when they are under twenty one thousand. one hundred percent always difficult to play against but we have something going i was proud to do what we did there as well and the. game was well. meanwhile islands are coming off a neil neil joy against slovakia the visitors and dissipates often cowed so where a defeat could bring back all the fine hopes to announce speaking earlier on monday striker will be keen also brought up russia's three two loss lost him. you know she

really well is the man yourself before you know we have to concede that too many go so. we've learned lessons from the game against the russians you know in order to be taken into tomorrow's game so. i think move fully aware it's going to be expected of what russia is going to bring to the table and england are also busy getting ready to their next goal the fight against wales at wembley fabio capello's men talk group g. standings without a lot so paul well wales are rock bottom england where reason for an awareness of a ball carrier in their latest match last friday but that doesn't mean the hosts are in a noncompetitive mood. and mother will be tough game because that was playing really well i watched the game for good play against montenegro and carried a lot of chances to score goals and he played a concert there with his back at the top of the food and will be really

dangerous scamp. now russia have finished top of group d. standings having won all of their preliminary round games at the euro basket in lithuania later success on these one point game against slovenia david plotz man snatching the sixty five sixty four victory because he'll be seventy one your shot at the poles are both schools though are through to the second group stage. tennis where mr superglued chunk of way is through to have passed us open called final ought to seeing all francesca schiavone in a lengthy three sets out on monday the seventeenth seeded russian progress in five seven six three six four min while bells were. set to face him out of stalls are following sunday's victory over german side been lisicki. moodle of efficiency on the day with sixteen widows and just two level unforced errors he struggled to match that pace losing souths similar story in the second when it's not over

closing out the six two six three big tree now meets all salience dancer who has beaten her in several. meetings. i was able to raise the level of my game compared to my three previous matches and i'm really happy about that. i didn't love her for her in the first then she started playing a bit more consistent in the second and then. was able to hold my friend and break her virtually win the match and concerts. only men's side of things russian involvement is now over the last of all going down to joe miller in round three defending champ and off on the d.l. meanwhile had an eventful day it flushing meadows on sunday eight self two hour forty minutes and counting the may day hate seeing the world number two say carroll . of argentina seven six six one seven five how it ended up to rafael nadal now through to the fourth stage where he made love for

a place in the last eight. then york sango to get stolen a doll in the into the room off the words journalists watching on answer off a grabbed his leg with ground slowly stretching out before collapsing on the floor and also dealt with was it was quote really hot and it was just bad luck that the brain sprang up in front of the cameras instead of in the changing rooms. and much more straightforward than neutral fellow time hopeful andy marra even schooled barely missing the proved wrong in the six one six four six to the trio both in the lot as a clash of the last sixteen against surprise package american wild card donald young now awaits. just heard talk of the stars was one of the let's get going over. for a minute. you know where you can get an early bird. i mean except for the

sort of us from it was. because. when it was important goes along with the don't want to serve the first report and what it might be don't want to be. sure you know three four hour because it's not easy to recover. i want to have the weight boxing where the newly crowned w.b. a world champion alexander. the founder belt against any top challenger the russians been speaking to reporters in moscow this month a forty nine year old american former great out of the hole it felt as among those who could record of legal up against the most likely candidate is the reigning undisputed champion ukrainian bloody miracle each call w b a regulation stick to a championship belt should take place within the next eighteen months meaning both sides have quite some time to prepare. certainly we're thinking a lot of flights with full of demon

a police call but before it takes place i would see needs to take a few more steps forward alexander wants to get more champions experience and we're all willing to create better conditions for such a big event because the aim is to hold this vote here in russia with the australian rugby school they're off to neighbors new zealand with four days left before the world cup kicks off on the ninth of september the world is hoping to add to their previous titles which they back to nine hundred ninety one and one nine hundred ninety nine to get things started against on sunday hundreds of fans gathered in downtown st louis early on monday to say goodbye to the two time world champions a special moment for coach robbie deans with a kiwi aiming to bring the world cup back to australia. we understand will be a challenge. but we're up for that very ready for the boys are very ready for it. for a few days i think. training's been going to the claw and i think their minds are

in new zealand already. and finally twelve year old not a young no no more goes soon hopes to find herself in the guinness book of records and she's become the first girl on the fifteenth of bench press an incredible seventy kilograms which is unfortunate has the story. she hasn't even entered her teens yet marianna now mother is already a sensation around the russian powerlifting scene the fifth grade school kid has a reception with a dozen world records and a sport but she took up completely by accident. i have already been bench pressing since i was ten i went with my dad to a competition and during a break i decided to try and the the bar weights twenty kilos and i managed to lifted four times an expert saw this and said i should train as this is a rare feat with the striking thing about mariana who hits the scales of south of forty eight kilos so that no one would ever of guessed that someone so slight in

build would be able to lift one and a half times her own body weight however size isn't everything and she's able to outlive girls who are much heavier or she's been recognized as the world leader in the fifteen and under age group. there is no secret behind my success my father trains me which i really like the coaches are really good and some of the best around they have trained a number of champions i'm one of them and i think they have played a big part in my development this crossing is not the only big discipline at the moment so money on a doesn't receive any state funding one of her options is too late to change the weightlifting however such a young age no mother is content to keep her options open and a farmer alexander was also a professional grange pricer his weight lifting has its pitfalls. which. means it's a lot of stress on the spine and on the knees a weightlifter can only really compete until they are twenty five to thirty because

injuries will take their toll but you don't have these problems with bench pressing money on his extremely confident for a twelve year old still leads a relatively normal life hit ten school though she says boys do pick on me out of jealousy as she takes all this in her stride and she believes her amazing feats can be a message to everyone that anything is possible if one puts her mind to it. i would like to be an example for both adults and kids that if they see me in the gym they will want to follow suit money on has made some amazing achievements in her career so far our aims over the next year also are to climb benj price in excess of eighty kilos and given her rapid success and dedication one wouldn't bet against her achieving this speeds and setting yet more records richard boldly dancey moscow. that's the latest polls for the moment bill will bring you the news headlines after

the rather. cultures that so much taxpayers' money or maybe this is your real. soak the rich during the great financial contraction millions watched their jobs here at home but the rich of only got richer should the rich pay more.

more news today violence is once again flared up. these are the images the world has been seeing from the streets of chatter that. china operations are on today. or. if. the russians would be soo much brighter than.