the crowds about which scooped up the top of the order of the better school of. business met with maria stay with us here are. hello and welcome to business here all artsy deals worth around four hundred million dollars have been signed during the visit of the u.k. prime minister david cameron says russia the delegation includes blue chip companies like royal dutch shell p.t. and british airways british the i y. retailer kingfisher will unveil a plan to open nine stores in russia investment could reach two hundred fifty million dollars the u.k.

is also expected to sign a deal with the russian state energy corporation which would help you create companies with contracts and russia's expanding nuclear industry. sony hayward is stepping down from the angle russian oil firm at seeing play b.p. and that's less than a year after joining the board as a non-executive director the former chief executive off be p. who was fiercely criticized for his handling all of the gulf of mexico oil spill is leaking to pursue other interests and their energy sector that departure comes at a sensitive time following b.p.'s failed attempts and with ross have explored the arctic the alliance was broken by the russian partners and seeing plenty who are now seeking compensation through the courts from the british parent company. now let's take a look at the markets now oil prices are mixed this our investors fear europe's debt crisis will harm economic growth tempering demand for drawing materials light

sweet is currently trading at about eighty seven dollars a barrel approaching eighty eight while the brant blends is approaching one hundred twelve dollars a barrel. in the u.s. markets opened lower right now there are more or less flats and that's us fears nouns over europe's that talk especially after a credit rating downgrade of french banks. and there were go we can see europe now markets there are seen heavy losses shares in u.k. lenders are under pressure after the independent commission told banks there would have to ring fence the retail arms following the credit crisis and european debt worries are weighing on the russian markets is that all the indices are extending last week's losses in the end they stray the r.t.s. is down there with three percent of all the my sense is that over a one percent let's take a look at some index movers on the my sex energy majors are losing ground with

gasper on set and over three percent banking stocks are also on the pressure with russia as the largest lender losing close to four percent and north's nickel is trading slightly better ahead of its board meeting it plans to discuss a buyback of company shares from minority shareholders. peers are melanson the world is heading rapidly for a second dip of the recession russian finance minister alex secluded and says it's more probable no then before the summer rush is balanced budget means it is a reasonably well place to ride out that struggle but troika strategist chris we first says that's will only all for limits of 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 that russia is in a much better position to be able to withstand global downturn. in order to to remain fiscally solvent and stable that's the reality it doesn't matter

a perception is that russia is still a high risk environment 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. of us were parents about and small air paris from running both toward her and a local flights routes will be given so the country's major airlines will also get state subsidies analysts say this could reduce our system passenger traffic by up to thirty percent with just a few companies operating in the markets the move is aimed at improving russia's aviation safety record after almost an inspired professional i saw its roskilde on the plane crash last week. and that's all this is for now for stories head over to our website arts health kongs last christmas in the meantime states most of the

headlines with less. like millions of americans have lost thousands of dollars in retirement funds and i haven't had as bad as many it's not just about the debt it's about me to. me ma'am brown the issue. missing.

you. needed. but now she. says this is my film i get the last word this financial crisis will not be for and off like a light sweet. wealthy british style it's time to rise from. the. markets. find out what's really happening to the global economy for a no holds barred look at the global financial headline just to name two crimes a report.

for. the. price or if you. come from feinstein's parachutists.

stance on t.v. don't come. six thirty pm in moscow good to have you with us here on r t these are headlines there's been an explosion at a nuclear facility in southern france with one person killed several injured officials report no emissions outside the site which handles nuclear waste with a low level of radioactivity. stronger relations for mutual benefit russia and the u.k. agree not to allow their divided opinions on the lived an ngo scandal in the resolution of the syrian crisis to stand in the way of a political and economic partnership. that's generating power on plugs its first nuclear plant into the national grid the facility had to share was built with the

help of russia and will reach its full potential of the end of the year. italy moves closer to the center of the eurozone debt crisis as its crucial austerity package enters the final stages triggering a new wave of protests that spending cuts the much debated fifty four billion euro program aimed at balancing the country's budget and triggering growth. more tough austerity measures and a new one off property tax are prepared for the greeks as the country is finding it hard to escape the grip of debt up next 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 edifying myths including bill 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 describes 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 europe wide some time now do you think the european union has been and not to how greece out nothing nothing nothing the right timing and greece was just the weakest link. and the building in the chamber. well constructed it has a problem when you promote the financial gratian without having political integration and i think it's the time for big decisions of 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 at the root of this crisis is that the political leadership has given.

to the let's call it. to people that were never vote. but they seem to have more power than the elected leadership that is something that has to change and another point of view maybe it sounds a little bit moral but making 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. he could then should have done more and other good things. right now it's costing us a lot you can imagine that. germany for example is lending us money in a big hit with a big interest rate then they itself is borrowing so they are making money out

of the help to us now some critics say that. year was introduced in greece wages have been increasing at a pace seven times higher than enjoying it 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 be inefficient bodging inefficient cost management that plath to these dire situation. there is a truth that the greek political system. for. for the past of the last twenty years was. giving money giving benefits in order to collect votes. that is not the only reason though for all of these. patients that you are a fellow to because you must keep in mind that when we entered your opinion on the salary of the public servants of 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 an augmentation of i don't know seventy percent he said but still the salaries are lower than in germany how bad the situation really is one of the chances of greece defaulting on it in the near future i believe in the perspectives of the 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 promote the conference that we're having and wrote us about greek russian collaboration there are many things to do specially in the energy sector of course the tourist sector the real estate sector the corporation and coal production of.

terms of technological 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 foreign must have stopped producing can you imagine a country like greece right now con feed its people we don't produce enough meat we don't produce enough we even oil we are importing a consul like greece that should be producing everything can produce something and should be and we have the scheme from the european union that farmers were paid so that they wouldn't produce anything. we destroyed one of the main main assets of our economy and this has changed. sentiment caregiving is full of disappointment do you think it was

a wise decision for greece to join the european union in the first place the decision to join the e.u. was a wise wrong the way we entered the monetary union was the wrong. relation of the greek drachma that we had to the euro wasn't correct the way we sense. we made the transition from the drachma to the euro wasn't correct for example prices went three times up we didn't pay attention at the time because what we gained from. the monetary union right away was more credit. greece and greeks could blow 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 to europe were 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 cause we have helped the german economy very much by our buying capacity i'm telling you maybe greece borrowed a lot of money the past ten years from the you know 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 nor than what we borrowed just recently big greek authorities have announced a very ambitious presentation program. and by intention to sell may just take companies in an effort to 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 a race can make money. today they're losing. 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. the spirit of development we don't want to sell out the greeks and we're not going to sell the acropolis as some german magazines and newspapers proposed i wonder how they would feel if they would ask themselves i'm not bill gates or something similar

historical and the notion of value and i do believe that what. i think european union troika as we call the european union monetary fund and the european central bank of 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 utopian union and russia and russia successfully sometimes

unsuccessfully and others that. a new member states and they get up and you know that are reacting but russia is a part of europe so i can't imagine 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 this interesting lack me finish it on the german call with just a few days ago i'm going to fab that if the euro collapses europe will collapse do you agree with him and i want to see the european cut and see. continue to exist i believe that we didn't start it in the right play. but it is the right direction we just need a new framework and a new understanding between us because right now very.

not entirely responsible everybody has its own responsibilities on this possibilities and it's the weakest link but there are others too you saw the problem of greece through quickly became a problem for i love for portugal now we're afraid for spain for italy so it can't be only police this problem the whole structure was wrong and we have to change that 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 a more correct way and as i said from the beginning i can't imagine europe without russia. russia is the same i think it was something like six years in the real. deal

a currency crisis and in the future is there a simple thing. just so.

today. these are the images. of canada. mission. critical three. three. three. three three. three

. stronger relations for mutual benefit russia and the u.k. agreeing not to allow their divided opinions on issues like the litvinenko scandal and the resolution of the syrian crisis to stand in the way of a political and economic partnership. generating power iran plugs its first nuclear plant into the national grid the vicinity had to share was built with russia's help and will reach full capacity at the end of the year. italy moves closer to the center of the eurozone debt crisis as its crucial austerity package enters a final stage triggering a new wave of protests the top spending cuts the much debated fifty four billion euro program aimed at balancing the country's budget and triggering growth. you

know neil is up next with the latest sports news stay with us here on r.t. . it's great to have your company this is sports and we have got plenty ahead over the next ten minutes including all this. stateside shock some stories are secrets her first ever grand slam title beating big favorite serina williams and the women's u.s. open final. soaring eagles one of the favorites for the n.f.l. crying this year philadelphia get their campaign all to fossick stars against the set list. topping the charts russia moving to first place overall in the modern pentathlon world finals being held here in moscow. let's start with some sad news the last surviving ice hockey player from last week's deadly earth and

youngest level has died in hospital alexander kaleem off was one of the only two people not to person immediately on wednesday that twenty six year old was being treated for severe burns in an intensive care unit in moscow when his health plea worsened this morning forty four people have died while crew member alexander says soft remains in critical condition the plane was carrying kontinental hockey league team lucky motif to belarus for the opening match of the cage season aside have decided to pull out of this year's competition despite their squads in the league for free here's the. kitchell season house however going ahead today after thursday's initial start was postponed as i mentioned right there looking chief won't be unfold this season but the russian president sees no stone will be left unturned in the attempt true turn the squad to former to worries. because we were trying to decide the best way to help the families of the deceased

blears the local jihadi cool was a team that was admired not only nearest larval but all over the country those who must decide how to resurrect the club which will be the best way to honor its former employers. showing the elites of women's tennis the streaming clinching her maiden grand slam crawl and after stunning string a williams in the rain the lead us open final on sunday a minute's silence before the clash on center court to commemorate the tenth anniversary of nine eleven it was then dying to watch and were relentless those are never less often the first set that night to see not messing around in the second either proving you with a new clip against a heavily favored three time champion at flushing meadows. williams soon as you're capturing the title with a four hundred winner on her third much point six two six three would end things are just becoming the first thrilling moment to the u.s.

open singles title since margaret court 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 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. it really 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 no one during wimbledon or whatever you know in light of the six months ago or what i just would never have thought there that are pretty would have been available so. i can't be too upset if i see. tennis's new biggest rivalry in the men's side of things gets another installment

with the stakes at their highest world number one novak djokovic seeking his third grand slam crown of the season against second ranked ruffy a little rough a sure to be arch for revenge after being relegated to try to ensure a status by the serve five times going into the law latest decider. let's talk football where real madrid house secured an early advantage in the race for premier league glory this season at last because perfect after two games more thing can be said for a parcel no but spanish champions doing everything right in the opening doesn't minutes however against reality susi it does to put the team brilliance leading to the one from zambia and it's an almost identical build off of the visitors' moments leader says bomber gets the man pointing on the broken bowl but there would be no more highlights for boss their night including during a two minute spell of quarter of an hour after the break first cutting the deficit

from the head of emotional appeal. before quite bizarre pasta with the help of the sensible sure points in time and he's my man of the mission. prostitutes to the finest work but no with whom she. puts archrivals real madrid have six points to seven use torches keeping their run going to. be. easy to support before the one of the fifteen minutes the frenchman had a brace on the night as the tough as this is second seventy four minutes in leaving the sport we see the stage. do you suppose we put the tie to bed a minute gonzalo beyond slopping your forward to the real stuff that really gets people alongside lincecum.