eleven am in the russian capital you're watching r t on marina joshie a huge chance to thaw frozen ties with russia the british prime minister's description of his official visit to moscow the first by a u.k. leader since two thousand and five and speaking to russian students david cameron said business should be the driver of good relations pledging multi-million dollar deals during his state ties between the countries have been strained in recent years over a number of issues notably the poisoning death of a former russian security agent in london and he has more on david cameron's visit . looks like the both sides have agreed to disagree pretty much the show must go on and both russia and britain understand back some six years full of many issues on which the two quinn see eye to why and lots of mutual understanding let's not forget the litter in yankee song when former russian security officer alexander litvinenko was poisoned by polonium and died in london britain then was looking to bring back

a russian citizen which it thought could have been behind the killing that was followed by a diplomatic wow expulsions and pretty much although not official as severing of ties on the highest level also over the past couple of years british authorities reluctant to actually die russian citizens wanted by courts here in moscow just a lot of issues that have really interrupted moving forward in both russia and britain one thought to stop both countries understand their responsibility as major economies in light of the financial crisis there's a major deal under work under works between shell and russia's gas from of course in the energy sphere and bruce investment in russia has reached forty billion dollars by the end of twenty times so both the leaders and of course business men alike one fact relationship to continue to develop in the positive light that it's been doing so since the global financial crisis of two thousand and eight both countries are holding upcoming olympic games london in twenty child russia is sochi

and twenty fourteen so they certainly have a lot that they can talk about and that's just in bilateral relations they are certainly going to be touching the most pressing global issues and we're hearing on the top of that agenda will be libya let's not forget that britain along with france were two of the first countries to really push to secure that u.n. resolution to go into libya and with some of the first forces in the country they're also going to be speaking about syria and perhaps you want nuclear program as well we're not expecting any kind of major breakthrough about these two. but certainly both sides are hoping that this is at least the first steps or perhaps even the beginning of a reset. artisanal way the reporting on today's talks between the british and russian leaders in moscow. italy's much disputed fifty four billion euro staring package to slash the country's crippling debt will go through a final debate at the lower house of parliament on monday it would increase taxes

and cut government spending to balance the budget by two thousand and thirteen but constant changes to the plan and squabbling between lawmakers has damaged people's face in it as i've abandoned reports there's a town that's decided it doesn't want to wait for the cuts. welcome to filipino a small town in the middle of italy that also claims to be an independent principality and to prove it it's even started printing its own money the man on a new note says town mayor lucas a lhari now self-proclaimed prince i guess everyone dreams of being a prince when they're a little boy and so did i now i get to live that dream filipinos going solo in protest over government plans to slash council funding he wants mall towns to merge having the number of local authorities with a population of just six hundred philip tino and its mayor for the chop.

it's a terrible idea because it makes no economic sense we have everything here to be autonomous and besides the neighboring towns are at least thirty kilometers away so it's not practically possible it wouldn't even save that much money most regional administrations do nothing we should get rid of them instead italy's in deep debt one hundred twenty percent of g.d.p. the second highest in europe but unions a furious with the cuts accusing the government of punishing those already at their poorest even some of silvio berlusconi's own allies now oppose them with amendments piling up but filipinos fed up determined to be the next san marino a constitutional republic within italy that has no national debt a rare thing in europe that methinks the town can live off its natural resources of wood and water but currently profits go to private companies there are constitutional hurdles but since autonomy is not illegal it could just be

a matter of time at the moment these notes aren't legal tender just souvenirs but the plan is for two theory to be worth one euro and for this to be the only currency they could be spent in the shops and restaurants here be. this is always been slow in this sleepy town but shopkeepers hope the new money will bring new cash. i'm sure that once we start using the new currency the economic situation here will significantly improve it will have a positive effect on tourism of course attracting more people to the town. far from being a p.r. stunt filipino means business and berlusconi knows it he's visiting the town later this month to stave off the rebellion and he'll have a fight on his hands filipinos the source of rome's water supply and that mayor is threatening to cut it off if he doesn't get what he wants live in it r.t. filipino italy. dead light in greece meanwhile is planning to impose

a property tax it claims will let the country meet the demands of its lenders the greek prime minister has already pledged to move ahead with highly unpopular stary measures later we talked to a greek m.p.c. miscarry called who says joining the euro zone was detrimental to his country's financial health. with the help of the european union greek for most have stopped producing can imagine the country like greece right now . it's people we don't produce enough meat we don't produce enough we even oil we are importing and we had the scheme from the european union that farmers were paid so that they wouldn't produce anything. we destroyed one of. the main assets of our economy the investments that were made in europe. only to sell germany you know what's the biggest investment it's made in greece for the

past ten years super markets. and we ended up buying german products buying german cause maybe greece borrowed a lot of money the past ten years from the european union from germany especially why don't you check out how much money germany has made out of greece the past ten years you'll discover that it's more than what we borrowed. as a country after country in the eurozone imposes cuts leading to more cuts causing public anger to spill out into the streets we ask if there is a way out later some financial people in the know joined the debate and crossed. the banking interests in europe crippled the central bank they didn't want to central bank to create credit they say we want governments to come to us and pay us interest and we want to rip off the economy don't have a central bank don't have

a public option let us raise your cost of doing business give us the business so of course there should be a central bank unfortunately the central bank is enough to create employment enough to run the government deficit not to help people but to give more money to the banks to bail them out that is rotten that is central bank lobbyists and that shouldn't happen and if that's so they create a central bank then good for the europeans for saying to hell with angela merkel. i have to concur with michael on this and i think essentially what we see is continued rent seeking ever since the lisbon agreement and treaty what we've seen is really going back to maastricht is an attempt to liberalize into privatized credit creation so we have this rent seeking from the real economy to the financial sector and i don't see things changing. that debate coming your way in just twenty minutes time here on r t. also i have

the sour america remembers the victims of the worst terrorist act in history a decade after the nine eleven attacks. and egypt and turkey turned their backs on israel which has warned it could soon be isolated in the region with former allies expressing growing resentment. when one deals with war for us to realize that this tremendous amounts of damage that are done not just human damage but damage to the physical environment in which the battlefield takes place tremendous amounts of damage done by aerial bombs by napalm. coming from the city whether it's on a sonic boom say tractor marine mammals or it's the burning oil fields here in iraq or destroyed or reduce the pacific for purposes the list just goes on and on the geneva conventions and forty nine states that are shall be taken

in the war to protect. against widespread long term and severe damage the united states although it is accepted almost all of the provisions protocol has taken exception to that. a hockey player one of only two survivors of a plane crash that killed almost the entire locomotive jaroslav ice hockey team has died in hospital despite doctors efforts alexander died from severe burns to his body and respiratory tract the plane carrying russia's skate hockey team crashed in central russia last week was on its way to belarus for their first game of the season over one hundred thousand people gathered to honor of the much loved player

. in their hometown with ceremonies also held in the native countries of foreign players a crew member from the plane is now the only survivor of the crash go to our web site r.t. dot com for more on this tragedy. iran's bush era nuclear power plant will officially start operating when it starts to provide electricity to the national grid later monday the facility which was built with russia's help came online last year russia sanity minister praised the efforts in working together and promised similar projects in the future. if you would. give the widow you really income to parts when through difficulties and problems building plans and today we can be proud to the results that are drawing the attention of the whole world i'm sure for the cooperation in operating the station and developing other nuclear energy projects who will be distinguished by the atmosphere we created while working together. russia has agreed to provide fuel for the plan but iran will

return all spam fuel to russia to ease western concerns over the iranian enrichment program to run as once again stressed its atomic ambitions are peaceful and are not aimed at building nuclear weapons. sunday was an emotional day for americans remembering the victims of the nine eleven attacks exactly ten years ago thousands gathered in new york at the new memorial at ground zero and students silence while the names of the three thousand people who died were rattle out ten years ago terrorists crashed hijacked planes into the twin towers of the world trade center in new york and the pentagon building in washington d.c. one more plane came down in the state of pennsylvania west responded with invasions in iraq and afghanistan for which it was hugely criticized author and journalist afshin rattansi says washington's response to the attack was inadequate and will eventually backfire. i think institutional structures even in

a country as advanced as the sole superpower on earth were at fault and many people have said the institutional and bureaucratic procedures didn't allow them to shoot down those planes before they hit the world trade center and so forth but perhaps a bigger malays here is that all systems seem to have failed the media the courts the police forces the intelligence agencies government it's as if this happens when i start to fold the response from the united states to nine eleven. was was so catastrophic a wrong that. someone in love might not get what he wants but people all around the world have been affected so poorly so badly by u.s. policy lots of people in the global south still remember how their countries have been distorted or destroyed in so many ways by american i think american intervention in afghanistan and of course the other superpower previously the soviet union has proved again and again very dangerous for the superpowers involved

afghanistan is not an easy place for america to take over and i think you're more if when i. say his first responsibility is to the afghanistan people it's a problem and then to the wider region note to the united states the idea that the united states can take from what's happened in afghanistan i don't think so and as to democracy building democracy building needs to be created from the ground up but it took a huge toll on the american economy as well and it's a sad day for some of the side even those who believe in the constitution the original constitution of united states of america one of the greatest ever and see how superpowers they rise and they fall. other exclusive nine eleven stories and much more and be sure to check out our dot com here's what's online right now. nearly ninety percent of afghans have no knowledge of the september eleventh

attacks against the u.s. or the reasons why their country has been occupied for nearly a decade you'll find some surprising details and exclusive video online. and ten years after the attacks what does nine eleven mean to you to make your voice heard in our interactive poll on our plus there's lots of video to check out on our you tube channel. the official.

video. colonel gadhafi is remaining troops continue their resistance in the vs the rebels advance on one of his last strongholds with the help of nato airstrikes could office fires did not lay down their arms before a surrender deadline last week but the whereabouts of libya's former leader who vowed to die in the country is still unknown one of the sons crossed into neighboring this year earlier reports suggest other members of the fam. and some associates are already there but with gadhafi now on the run journalist the current chan don says nato is contradicting the initial a of its mission we have now

nato was main rebel commander in tripoli who was a former friend of al-qaeda and a so-called jihadi so this is really the big news story of today which and hardly any of the new news networks are covering it the world has to learn that the west will never give up its domination of the globe without devastating and taking the rest of the world to war so in as much so doing the main lesson for us to learn is how do we develop our effective internationalism against aggression or for worse the lessons of oversleeping learned by the west because what they've done in libya . you know gadhafi has more of a social support in libya than the taliban do in afghanistan unlike understand libya is just neighboring europe so with the resistance that is raging and will lead them to go in in libya i think europe needs to watch its back. turkey has warned israel it faces a growing isolation in the region as a turkish prime minister has for egypt the jewish state has recently found relations with ankara as well as cairo strained after rioters they are ransacked

the israeli embassy anger swelled after israeli forces responding to a cross border militant attack mistakenly killed five police officers last month and turkey has vowed to israel in the international court over its blockade of gaza it's already cut all military and trade ties with the jewish state after it refused to apologize for killing nine terrorists in a raid on an aid flotilla last year dr jonathan spyer from the global research in international affairs center says the role of israel in the changing middle east is diminishing. it's important to remember that there are there are approaches underway in the region right now which are no way in which israel can in no way really exert any influence we are in the midst it might be said of a tectonic shift actually in the strategic picture of the middle east the government and it won't continue to have a general atmosphere of known simply to israel and so western and so is ready rhetoric at the same time in reality they are dependent on american support and one

of the aspects of to move towards making a bid for regional leadership is once again the very distinct cooling of to put it mildly its relations with israel so these approaches is of historical magnitude which israel can't really influence israel in a certain sense is only going to be able to pursue a policy of damage limitation hoping very much to keep these relationships with egypt with as much track as they possibly can it doesn't really matter right now exactly what israel does israel is going to be increasingly isolated it's going to be put in a very defensive situation and that i think is the reality in the region we're looking forward to at the moment. now also look at some other stories from around the world counting is underway in guatemala presidential elections with former military general perez molina thought to be leading leftist groups have warned against a return to the nation's dictatorship past but a high crime rate and poverty in guatemala have left many voters seeking tough solutions analysts say molina nicknamed the iron fist is seen as most likely to

restore order and stability. japanese prime minister yoshihiko noda has appointed former government spokesman yukio edano as trade minister the change comes a day after the resignation of the previous incumbent. who had held the post for an entire week mr material was prompted to resign by opposition parties after he told the area around the tsunami damage because human nuclear plant a town of death among the trade ministers responsibilities is japan's portfolio. the march in chile to remember the victims of dictator augusto pinochet turned violent crowd started helping police officers and the media with rocks before a full blown ride started on the streets of chile's capital santiago similar marches were held in the country every september eleventh. that brings us up to date here on our let's see what's happening in business us here.

come on very well welcome time for your business update fears the mounting the world is heading reputably for a second dip of the recession russian finance going to. probable now than before to someone russia's balanced budget means it is reasonably well placed to ride out the turmoil but trying to strategist chris with us says that the offer only limited protection when the mood turns sour. in reality russia is in a much stronger position today than it was in two thousand and eight so you know the russia is in a much better position to be able to withstand global downturn. you know to to remain fiscally solvent and stable that's the reality it doesn't matter the perception is that russia is still a high risk environment and most international investors view russia as a derivative of global growth therefore if they become optimistic about global

recovery russian asset prices tend to rise higher faster than others and equally when there's a sell off as we saw in august russian asset prices will go down even faster than the rest creases debt problems just won't go away leaving many believing a default is inevitable but cities chief economist william believes the e.u. will draw out the process to avoid shocking the markets. the. restructurings. right. over of greece. portugal and ireland could be done in one fell swoop you as always europe always tries to be a little bit pregnant but curative expect a lot. of the great to be sixty five eighty percent of the notional of bonds outstanding of course story. of banks

that are exposed to the greek especially in greece but also. from an open question. let's have a look at the markets well process the low investors fear europe's debt crisis will harm economic growth tempering demand for. whites which is currently trading at eighty five dollars a barrel while branches hampering at one hundred and eleven dollars. in asia the nikkei index fell by more than two percent on monday to end it is lowest level since april two thousand and nine way down by renewed war as part of the european debt problems hong kong's hang seng is also seeing losses heading for its close close in more than a year. and european debt crisis weigh on the russian markets as well the indices are extending last week's losses and trade they are just my six so deeply in the red two and a half and two percent respectively that's a look at some of the individual share my six energy majors are losing ground with gazprom shedding two percent and dropping more than one percent banking stocks also

under pressure with russia's largest lender twenty percent a sour. note russia has ended last week on a low despite president obama announcing a new stimulus package for the u.s. economy looking ahead to the next five days look some to nation's capital is not optimistic as expectations of more poor economic data remain high. it's a very interesting sequence all of the events i say about my speech will be forgotten at all and actually everybody understands that the obama it was there will be a situation he just proposed in some measure of the free probably because he will block this measure of some congress republicans will be the public enemies and that's why the chances for obama to pass these legislation really high but i think that the real market more in fact there will be the way you repeal. which will arise during the next week because we haven't seen them forward to

almost like a week it's a pretty long period of time for. the finance to happen. now russia's preparing to ban small air carriers from running both charter and local flights for its will be given to the country's major airlines who will also get state subsidies analysts say this could reduce existing passenger traffic by up to forty percent just to keep companies operating in the market and move his aim to improving russia's for aviation safety records after almost an entire professional ice hockey team was killed in a plane crash last week. that wraps up the business bulletin for more stories it can head to a website that sorry dot com slash business. culture

is that so much of the taxpayer's money i mean was it ever a real mystery there's no fear of currency in crisis and in an unknown future but is there a sober living. league .

welcome back here with our t. here's a look at the top stories the british prime minister is in moscow for talks with the russian leadership after years of strained relations it's the first official visit of a british leader to the russian capital since two thousand and five. iran prepares to officially plug in its russian built bush era nuclear station the country's first atomic power plant will reach about half of the capacity after being connected to the main national grid. is disputed fifty four billion euro package and there is a final debate in the lower house of parliament but open protests the unpopular cuts have already started with some areas of the country going as far as seeking autonomy. as more countries saying in a sea of debt crosstalk debates whether a financial.