great britain and with the majority of western countries just view this situation in terms of wise democrat against the evil of the if you're in the sheaves i think it's a simplification. and russia's president has said that the talks and the relationship between the u.k. and russia has gone on to a new level what do you think that new level what does that represent what does that mean though the usual russian way off so preventing problems with foreign countries is to suggest that. you know all the issues that cannot be resolved great knowledge should be set aside and economic cooperation should continue their course that we are all that we suggested to japan and i think a similar way it's been suggested to great britain i called this person will work and will see russia and great britain having more economic interest in future i think there are all prerequisites for it. being pretty great britain is one of

their areas where russian elite gets integrated into the western city and russian and it wants to get an integrated and there isn't a common issue that russia and the u.k. can talk about the olympics because the next summer olympics are going to be in london and then afterwards there's going to be the winter olympics in sochi do you think the two countries can use that as a platform for cooperation i'm sure they can because of course great britain is concerned about security and you know you played games in london and of course russia is concerned about security at the olympic games in sochi so the fact that britain refused to take part in an international panel on security or for sochi olympics i think it's regrettable and i think basically. the chance us or a terrorist attack against great britain or a terrorist attack against russia are fun media on the vast hundred million times greater than an attack of great britain eg structural russia against the average people so we should do view should be reduced and bush would view the real threats

not the major advance or i thank you very much peter and dimitri babbitt political analyst now you have perspective and. business up next with you here stay with us here on r.t. . hello and a very warm welcome to the business of dave dales for around four hundred million dollars have been signed it during the visit of the u.k. prime minister david cameron to russian delegation includes blue chip companies like royal dutch shell and british airways british d.i.y. retailer kingfisher will unveil a plan to open nine stalls in russia the total investment could reach two hundred fifty million dollars he is also expected to sign a deal with the russian state energy corporation which would help u.k. companies will contract in russia's expanding nuclear industry. among other notable deals russia's state nanotechnology corporation is buying forty to fifty percent of

the london based pro bono bio when i'm just close some the financial times describes the company as a new medical company launching the world's first. nano technology treatment pro bono bio plans to list in moscow and london within four years. tony hayward is stepping down from angle russian oil fronting the b.p. less than a year after joining the board as a non-executive director the former chief executive of b.p. who was fiercely criticized for his handling of the gulf of mexico oil spill is leaving to pursue other interests in the energy sector departure comes at a sensitive time although the piece failed attempt to join with was an effort to explore the arctic alliance was broken by the russian partners and b.p. who are seeking compensation through the courts from the british parent company. that's a look at the markets now oil prices low investors fear europe's debt crisis will harm economic growth tempering demand for robot cereals lights which is currently

trading at eighty six dollars per barrel while branches hovering at one hundred and eleven dollars. european markets to seeing heavy losses in early trade. it says one point three percent lower shares in u.k. lenders are under pressure after the independent commission told banks they will have to ring fence their retail arms following the credit crisis shares in lloyd's a down three point two percent bank of scotland was down three point six percent and barclay is shedding three and a half percent. and european debt wars are weighing on the russian markets as well the emphasis like standing in last week's losses in monday's trade the r.t.s. and the might succeed deeply in the red three point eight and three centrist correctly let's take a look at some of the individual share moves in the my six energy majors all losing ground with gazprom shares in almost three percent and look what a quarter of that banking stocks are also under pressure with russia's largest

lender setting three and a half cents. and fears a mounting the world is heading rapidly for a second day of the recession russian finance minister alex accoutrement says it's more probable now than before the some of russia's balanced budget means it is reasonably well placed to ride out the turmoil but a strategist chris says that will offer only limited protection when the mood turned sour. in reality russia is in a much stronger position today than it was in two thousand and eight. you know russia is in a much better position to be able to withstand global downturn. you know to to remain fiscal be solvent and stable just a 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 russianness and prices will go down probably even faster than the rest. finally rushes their parents a ban small eric harris from running both charter and local flights rights will be given to the country's major airlines so will also get state subsidies and the say this could reduce existing passenger traffic by up to forty percent with just a few companies operating in the market the move is aimed at improving russia's poor aviation safety records after almost an entire professional ice hockey team was killed in a plane crash last week. i that wraps up the business boston new york to date now for more stories you can go to our website archie dot com slash business.

mission and free credit take free in-store charges free. range month free. three stooges free. download free broadcast live video for your media projects a free media john darche dot com. wealthy british style. sometimes such. markets trying to. find out what's really happening to the global economy

with mike's culture the no holds barred look at the global financial headlines do. into congress report. two thirty pm in moscow these iraqi have lives political differences won't be a sticking point in improving russian pritish relations that's the pledge from the leaders of both nations during a meeting in moscow it's the first official visit of the british prime minister to the russian capital after six years of strained ties. italy's disputed fifty four billion euro austerity package enters a final debate in the lower house of parliament but open protests at the unpopular cuts have already started with some areas in the country going as far as trying to seek autonomy. and iran up prepares to officially plug in its russian build

to share reactors state nuclear stations the country's first atomic power plant will reach about how capacity after being connected to the country's main national grid. more tough austerity measures a new property tax also being prepared for the greeks as our country's economy finds it hard to escape the clutches of its debt knickknacks we talk with a greek member of parliament who says joining the euro zone has destroyed his country's financial prospects. greece has given the world many fine myths including the latest one and its economy was strong enough to join the euro zone was it a comedy and tragedy or maybe a farce well he's cast that ran out joined by the member of the greek parliament. thank you very much for your time sir now greece has been at the center of political and economic debate in new york for some time now do you think the

european union has done and not how greece out not enough and not in the right timing and greece was just the weakest link. in the building in the chain that wasn't well constructed because a problem when you promote the financial gratian without having political integration and i think it's the time for big decisions in the european union not so sure that the political leadership of the european union today is going to be what do you think is at the root of these crisis that's a root of this crisis is that the political leadership has given. a big part of its power to the let's call it. the people that were never vote for a member elect. but they seem to have been the elected leadership that is

something that has to change and another point of view maybe it sounds a little bit. but making the money without producing anything is immoral and that's what we're paying right now so what you seem to be suggesting is that greece has lost more than they've gained from joining the european union and the euro zone listen our fault is that we lost chances we. should have done more and the good things right now it is costing us a lot you can imagine that. germany for example is lending us money when the big hit with the biggest interest rate. itself is borrowing so they're making money out of the help to us now some critics say in that sense euro was introduced in greece wages have been increasing at a pace seven times higher than enjoyed if you just mentioned down for example

salaries for public servants have increased by seventy six percent so some critics may say that it's actually based inefficient botching inefficient cost management the collapse of these dire situation. there is a truth that the greek political system. or. for the best of the last twenty years was. giving money giving benefits in order to collect votes. that is not the only reason to go for these. patients that he would refer to because you must keep in mind that when we entered the european union the salary of the public servants in greece was one tenth of the salary of public servants in germany and it was supposed to be that. the aim of the european union was that all europeans would come to the same level so yes there was

another patient i don't know seventy percent who said but still the salaries are lower than in germany how bad the situation really is one of the chances of greece defaulting on its debt in the near future i believe in the perspectives of greek economy maybe right now it seems rather gruesome picture but we have many capacities that haven't been exploited them best. all of the reasons i'm here in moscow to promote the conference that we're having and wrote us about greek russian collaboration there are many things to do especially in the energy sector of course the tourist sector the real estate sector the corporation and production of. items of high technology called value with russian know how and production in greece this would have advantages for both sides plus the fact that

with the help of the european union greek farmers have stopped producing can you imagine a country like greece right now feed its people we don't produce enough for me we don't produce enough we even boil we are importing a country like greece that should be producing everything can produce anything and should be and do we had a 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 and this has changed our sentiment here giving us full of the. why decision for greece to join the european union in the first place the decision to join the e.u. was a wise one the way we entered the monetary union was the wrong.

relation of the greek coining drive that we had. euro was incorrect the way we sense. who made the transition from the drachma to the euro was incorrect for example prices went three kinds of we didn't pay attention at the time because what we gained from. monetary union right away was. all credit. greece and greeks could borrow money easier but it wasn't used in the correct way it was used just to buy things but also the investments that were made didn't go to work 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.

buying german because we have helped the german economy very much by our buying something i'm telling you maybe greece borrowed a lot of money the past ten years from the beginning you know 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 just recently b. greek i would just have announced a very ambitious presentation program. and guy intention may just take companies in the now after a raise some money and close some budgetary holes what do you think about program i think that a big part of the public sector should be privatized i don't think that the current government is. moving in the correct direction and i'll give you an example that has to do i know that there was there is

a russian interest from the russian railways for the greek railways and i am sure that. with russian management and russian know how the greek gray laws can make my can make money. today they're losing money and as far as i know the greek government hasn't responded to the proposals so things like that have to change. for privatization but with. a spirit of development we don't want to sell out drinks and we're not going to sell the acropolis as some german magazines and newspapers proposed i wonder how they would feel if they were we would ask them to sell them at the gate so something similar historical and notional value and i do believe that what. european union the troika as we call the european union monetary fund and the

european central bank the the proposal the plan that they have it's not working. raising taxes. and the kaname that is in deep deep recession doesn't solve problems it creates even more what future do you see for the unified europe do you think it will survive this crisis i would like to see europe survive but there are many things that i have my objections for example the relations between the european union and russia they should become better. greece has tried to be a bridge between good opium union and russia and russia successfully sometimes unsuccessfully and others there are some new member states and they get up in the union that are reacting but russia is a part of europe so i can think magine a europe without russia there must be

a closer form of cooperation between the two sides and everybody is going to benefit from that you mentioned germany several times throughout the last me finish and on the german call with just a few days to go i am going marco sad that the euro collapses europe will collapse do you agree with the statement i want to see the european. continue to exist i believe that we didn't start it in the right way. but it is the right direction we just need a new framework and a new understanding between us because right now very hitting a country that is not entirely responsible everybody has its own responsibilities on the sponsibility s. and it's the weakest link but there are others still and you saw that the problem

of greece really quickly became a problem for i love portugal now we're afraid for spain for italy so it can't be only greece's problem the whole structure was wrong and we have to change it we have to find another approach i still do believe in the european union and the european dream. but in the larger dream and in the more correct way and as i said in the beginning i can't imagine europe without russia. culture is the same olympics mayor islam is a real commitment to a currency crisis in an unknown future which is there assuming.

the elite. the are limited. to sleep just say. see. him in. more news today violence is once again fled the scene these are the images the

world has been seeing from the streets of canada after same operation so. says.

political differences will be a sticking point in improving russian british relations about the pledge from both leaders of the leaders of both countries during a meeting in moscow the first official visit of a british prime minister to the russian capital borrowing six years of strained relations. italy's disputed fifty four billion euro austerity package entering a final debate in the lower house of parliament but open protests at the unpopular cause have already started with some parts of the country going as far as trying to seek autonomy. iran officially prepares to officially a plug in its russian built in the share nuclear station of the country's first atomic power plant will reach about crop of capacity after being connected with a national grid. as well as an actual sport stay with us here on our team.

thanks not here watching the sports news live on our team coming up in the program . serina williams in the women's singles final denying the americans hope somebody pulls title one of us open meadows. at seoul schools the second goal in as many games for russian side on she is the premier league's most talked about seed beads full day usually. and also surpassed in the towel is closing in on a second consecutive pull with a long title winning the south and brown three saying had a chance in boston and the mountain on hold so. that's meadows wes amount of stalls or house claims to have made in grand slam picture a stunning serina williams in the rain to late ladies final on sunday minute's

silence to commemorate that south anniversary of nine eleven opened proceedings on sounds of course. our stars are going into the championship deciders obvious underdog against the three time winner haven't dropped the sap but it was the nine seed who do minutes and throughout the match allowing her to secure a relatively easy straight sets win six two six three sam starts or capturing the overall title with a forehand winner on health that match point there becoming the first australian woman to play in the u.s. open singles titles and what back in one nine hundred seventy three. felt like i was definitely the underdog going into it so maybe that kind of made me a little more relaxed going into this match then especially my last grand slam final i think i was able to draw on a lot of that experience from the french open and. you know i had to believe that i had a chance to win i think obviously having two victories over there in the past. helped

me feel that it was possible and i knew that i had to go out there play well even have a chance to play for the u.s. open i would have never thought i would have a chance you know. seven weeks ago i mean when you're in wimbledon or whatever you know and let alone six months ago or were they just were never there that opportunity would have been available so i can't be too upset myself. that's news for the local supporters come in late on the day after a little googling saw rain on the beach by making sure everybody in the women's doubles final rain interrupted play out to the first surface in a close battle in the following hours with hooper and raymond eventually winning it all in a decisive tiebreaker. that russia's men have won the beach football world cup in italy for the first time national team beating nine time world champions brazil as well to aids in sunday's

final russian school duquesne free to leave the on by the summer of boys' school to give more times in the first period because the gap is just one building for the first break and second period for going to be the size of as the russians added six more brazil nets in just weis the underdogs then held on to that the bondage to secure them made them well. made while spartak moscow is unbeaten run since june in the russian football premier league has been extended for at least another week after seeing off on current sunday's opening game just one girl coming on a dreary day in day out a. chance out of me with and the second half of their book is skewed that afterwards the thousands really soaking in the experience when we close the raya did break the deadlock really pinpoint free kick five minutes from time that's right enough for the rest of us to take all three points. now the league's all the spartak outfit meanwhile saw their wounds continue nine keep going down to dust off

belmont have the chance to open from the spot in the face minutes and although the former russian international be the keeper he could be would post both teams than created chances and course burst into the area and slowed his home in the eighty third minute sparked like melbourne to move the league table after the one meal defeat. and that's because really it's a bit of who had been bought and going into the weekend managed to claim the fourth with all the seasons and he's going to be. got things started against them seats on with nine minutes gone the russian international left all alone to big the spot and host seems lead will stand blow dry before the break by the public made it two zero two three. and in the final game of the day you boys will go on home page the visitors open the scoring go through me hide the play or something to the keeper a back with his long range afterward but thirty minutes after that somewhere and so

on not just the second goal in as many matches for and she did full time african player of the year equalizing in his first game in maharashtra a lot that was before another world star but tell us that the day when i right before the hour mark after a freaky. you know fourth in the premier league table while we twenty three reps up late on they wanted to post the behind in the changing. and they were just two games in the english premier league on sunday in the early one so west for all win their first match of the season the fact is that you coming out the expanse of the boys nori city for the mighty is moscow man peace and order when again it seems just three minutes to seal maximum fines for them while full the man blood burn remain in norah jones but with lists out of playing out a one all joy at craven cottage and. now in formula one sébastien result second straight driver style appears old but imminence with six races to go the overall leads are.