markets. find out what's really happening to the global economy is a report on our. life from revolver of palestinians are taking to the streets from across the west bank to show support for the early leaders bid to win u.n. recognition. the u.s. is accused of encouraging the arab spring to achieve its own interests even though it sacrifies the position of its closest ally israel leaving it isolated. an international team of inspectors sees progress in talks with greece while the i.m.f. warns of global economy is in a perilous state. plus in business russia's two main bourses are step closer to foreign allies in their multibillion dollar merger we have all the details and business in twenty minutes.

one pm in the russian capital you're watching r t a marina josh you will come to the program palestinians are cheering on their leader's attempts to win membership to the un general assembly with massive rallies across the west bank. you're looking at live pictures now from ramallah just a day before president abbas presents the plan before the international body moscow has backed the bed saying palestinians deserve a right to put their case that's as the u.s. tries to hold that presentation claiming it will veto the move unless palestinians and israelis launch talks are these reports more from new york. the issue that remains at center stage for those attending the united nations general assembly is the issue of the palestinian campaign for a u.n. membership eight hundred is something that the majority. the general assembly does

support but it is something that the united states has been speaking out against that the u.s. has the right and to use its veto in the security council because no sides palestine or israel are ready to return to the negotiating table but foreign minister lavrov did say that it is within palestinians right to ask for u.n. membership and the united states should not get in the way of aspirations for any country if you can you play in the middle east will not meet in the near future the recent meeting with the u.s. secretary of state hillary clinton has shown that the u.s. would not like to see the palestinian question raised at the u.n. we think that it would be preferable to sit to the negotiating table first with both sides are not ready for it because there's no agreement between them we think to provide some kind of standing at ministration of the rights to the u.n. security council to speak out to make statehood when it was just this time last

year that u.s. president barack obama addressed the international body saying that when he comes back to the united nations in two thousand and eleven he hopes that palestine will be our member of the united nations and now twelve months later the u.s. of course is back peddling and threatening to veto the aspirations of palestine also reports coming out that the u.s. president barack obama will be meeting with palestinian president mahmoud abbas this was a meeting that was not scheduled up to this point of course that the u.s. so against the policy and bid for u.n. membership but if this meeting does take place who knows maybe the story will shift into a much different here. brian becker a prominent advocate of rallies against the war on terror told r.t. diplomatic pressure is just one of the means the u.s. is using to halt palestinian. aspirations there's no question that the obama

administration and the democratic and republican party operating through congress is exerting a mensa pressure on the palestinian authority made me clear that the palestinian authority will be cut off will be deprived of the funds necessary to pay palestinian authority employees as has already happened much of that money was already cut in july it's a lot of pressure on the palestinians but the palestinians are likewise pressured by their own people who have seen no remedy to the suffering that they think that they suffered both in the west bank and gaza and the growing international support that makes the poles to me and see a new possibility at the un for recognition of palestinian statehood. while the u.s. might be to fanning israel's interest in the u.n. critics accuse washington of the exact opposite during the recent arab spring america has been outspoken in support of the liberation of muslim states but once that came into force major israel was the first to pay the price of the regime

change parties and he's now explains how the us has pushed tel aviv into isolation . democracy has a price the people of egypt have spoken. their voices have been heard and egypt will never be the same and the new egypt embraced as a positive example of change in the arab world by the west is not the only one page what did interest the us. you know what he's doing here in your time there was a bit of security but now there's this as you can see on the streets israel has also been left hanging slow roaches to believe the neighboring egypt mixed with a massively unpopular israeli foreign policy makes a dangerous cocktail the case for change towards those disputation was very slow so you have a lot of frustration on one side and then you have a lot of anger that. exacerbated after the killing of the five if you can soldiers

on the engine targeted by israeli gunfire. taking up the situation even further the recent attack on the israeli embassy in cairo protesters threw stones and stormed the building as military police stood by and watched for hour worse three demonstrators were killed and over a thousand injured the medical mission to this situation can get worse for israel not for us who are just starting to get stronger this is no negative thing for us but a plus. the protesters who took down the israeli flag at the embassy in august was held as egypt's new superhero flagman a war was then built to protect the embassy but. completely destroyed by protesters . who were maimed and out. of mind on repercussion the movement is now being enforced here in egypt suffocating it's already served freedom in the region the u.s.

is stronger. facing security threats and this new democracy is stuck in a spiral of certainty instability and sometimes chaos benyamin netanyahu called the incident a near disaster being averted and might have a lot more work to do to avoid catastrophe in the future is really about look at what's happening in to. two very important states in the area which will have no new friendship with israel. at odds with israel and its number one friend seems to be having trouble keeping a balance when it comes to promoting arab democracy and protecting israel security it must occur to netanyahu and others at this point that certainly be americans are holding me he says and have all the cards up their sleeve so so i think that's something that must weigh heavily on israel because when it comes down to it the

u.s. tends to protect one thing in the end the basic problem here i think with americans and with the western civilization can in general that we think is that it's become too much about interests not about humanity or about anything though it's really become about interests and when interest is the main driver of things become messy and egypt could become a mess that israel will have to clean up piece in our way archie cairo. on the way here on r t a life of junk is the reality in afghanistan to find out why the major coalition is ignoring that the only afghan drug industry which is claiming lives that actually. helping fund taliban. an international team of dead inspectors has decided it will return to greece next week to check on the country's progress in reaching its budget goals athens hopes this will help win the release of the latest emergency loans greek authorities want

to convince the debt inspectors that could meet strict budget targets as a country desperately needs the next eight billion euro bailout package without the money the country could default within weeks whatever no decision will be made until told by the i.m.f. warranty work and the united states risk falling back into recession unless lawmakers quickly so i underscore in their regions difficult this was a credit rating downgrade of the italy by standard and poor's financial analyst michael ross believes the constant downgrades are only putting pressure on the world economy. and there's a kind of currency war going on. for the united states from the rating agencies here in europe i mean what does it really matter. such a logical. really very very hard and in terms of currency war you have to see that to. fail the euro in order to keep the dollar at the

end of the day this equation not be true of currencies will fail in my opinion because europe. if you take a closer look at most western countries they are all feeling go all over the situation at the moment is. very under big pressure so it doesn't have any of us says such things. economist michael pangle says the e.u. crisis will have far reaching consequences for the global economy. i mean a plus that i mean is anybody really believe that italy deserves an a rating their debt to g.d.p. is one hundred twenty percent and rising a significant number of european banks are insolvent the e.c.b. has the buy all of that sovereign debt and take it off their balance sheet that is the final answer greece will default and that means somebody has to take the pain

and it's going to be either the banks or it's going to be the central bank creating inflation and then everybody suffers get ready for a protracted and significant increase in inflation both in europe and japan and the united states now so it will get some of the stories from around the world first again and we're much long for a cease fire has come into effect in the capital sanaa after three days of violence which killed sixty two people more than one hundred were taken to hospitals with gunfire and shelling of credit down came despite reports the country's vice president could sign an initiative arranging the transfer of power is something protesters have been calling for for months. one of colonel gadhafi has a last remaining strongholds the city is now fully controlled by the national transitional council but fighting continues in the cities of bani walid and to

syria media's interim prime minister says a new government will be in place within seventy eight ten days where the nation's new leaders are already welcomed and the united nations. the u. as state of georgia has denied a final appeal for clemency for a prisoner on death row on the eve of his execution more than nine hundred eighty nine murder of an off duty policeman no murder weapon was ever found and no d.n.a. evidence or fingerprints conclusively linked troy davis to the shooting most witnesses have also since changed their testimony of more than one million people. worldwide have signed petitions for clemency amnesty international said georges this grow to the justice system and will execute an innocent man davis is due to face death by lethal injection on wednesday. to mexico now where government have dumped the bodies of thirty five people in a row where you during rush hour in the gulf state of veracruz the victims were

found in two trucks left near a shopping mall in a sea of bottle real police identified seven of them and all have criminal backgrounds including stores in home aside in drug trafficking volatile rio has become a frequent side of clashes between armed groups as drug related violence grows russia's federation council the upper house of the country's parliament has elected and new speaker the former governor of seem pretty young go will now take up the post are just going to charge it has the details. one hundred forty one senators that's over eighty five percent of the federation council supported the candidacy of the younger today no one opposed the decision and one person abstained from the books so from now on willing to let the young kids officially been used for all the upper house of the russian parliament this position became begun to may this year after x. speakers have given all of those records by the legislative assembly or sandpit is

now willing to let the uncle have to move from something his birth to more school which is going to be somewhat of a hard decision to make as she herself it mates because for almost fifty years she and her family have lived as it is and from two thousand and three she had been the governor of russia's northern capital and you're talking larry saying over the past few years because of your a popular support of several construction projects and the way in useable services operators in the city but there are qualities as a manager as a leader are very hard to andras to maybe we look for example of the city budget of some pittsburgh of two thousand and three when she only took up the job it's true that some two billion dollars and today that she leaves her position proposed as the governor of some pittsburgh the city budget is over ten billion dollars presidential reporting there well still to come this hour here on our team no more rush hour we travel to one face on earth where air pollution is a thing of the past and daily commute is

a little light. gattis fans warning that they're famous for a president who was a key to go sheeter with the taliban around a dean rabbani was killed by a suicide bomber areas home in the capital kabul on tuesday it's believed explosives were hidden in the attackers current by you had the lead peace talks with insurgents over last year and was considered one of the most influential figures in the country or killings the latest in a string of high profile assassinations in afghanistan and second taliban attack on kabul in a week. he was the last carol to interview mr abidal for his dear way in the mail occupation of his country the ongoing civil war which has claimed thousands of lives. of people of afghanistan do not want foreign troops to stay here we don't want to nation security to depend on a foreign military presence it's simply unacceptable however considering the critical security situation in our country the lack of stability and the continuing armed clashes were forced to tolerate the presence of nato but there would never

have been a civil war in afghanistan and no problems with the taliban if we hadn't been invaded by foreign forces the people of ghana still had managed to live for centuries without such in-fighting. and you can watch more of their interview with or late mr abidi on our website r.t. dark car. whatever land was taliban stepping up its attacks across afghanistan why they are named sources of income is in full bloom countries and for most drug trade kills thousands of users worldwide each year while helping the insurgents combat the nato occupation but critics say the alliance has made little effort to rout out the deadly business during its tanny or a long campaign has a workers going off reports from kabul. the penalty for drinking beer in kabul is sixty whips on the back publically here is a very traditional muslim society or is it there are dozens of people if not more

for you and what's right there but it is a bridge in the center of the sea with the was coming and staring at them. in same conditions ways to rubbish being form wait here where we're standing right now this is just incredible seek arrow in all. it's all cooked mixed injected or small to right arm on these piles of rubbish or rotten meat and an indescribable room and no one policeman anywhere near but that's not all we were told these people don't just come here to do drugs and many of them call this whole pakistan and iran we all can hear we don't have any job we don't have any and i think you do if you can pay for the war or you have a bunch of. a study commissioned by the u.s. state department shows each family has at least one drug user. found in breast milk and all kids even newborns that morphine in their blood there's no doubt the period

of plantation song with narcotic crops has increased since military hostilities start an afghanistan i believe that the war was the root cause that forced afghan people to turn to poppy growing around ninety percent of all the opiates in the world are produced in afghanistan interval cleans them all. because global trade has long surpassed the five hundred billion dollar mark or russia is one of the worst affected state with around eighty tons of heroin got to a new cell in the country you know it's tragic that despite the enormous resources nato has put into afghanistan including military force drug production is just phenomenal moreover the head of nato military committee personally told me fighting drug production is not their goal it was no such directive. many experts find this a bit strange given the fact that a large quarter of revenues from drug money is used to the taliban and. in the

region meanwhile the international community spends billions of dollars to fight drug traffic but since nato has no legal way to coordinate the funds are spent with very little positive results well officials say the multi-billion dollar drug network as the whole ruled and it's good you got. kabul afghanistan. well there's more on the problems with drugs in ghana stan are constantly updated website r t a check out of our latest picture gallery shot and one of the most notorious hangouts for drug addicts in kabul. falls online freeview the opposition in belarus famous for so-called silent protest is coming back with a vengeance after a brief hiatus. modern see while others are all too familiar with constant traffic jams and air pollution rising their stress levels and causing health problems but one remote place in the arctic has adopted

a different approach to the concept of commuting artists on a boy who traveled to the island of spitsbergen to discover what the fuss was all about. that's what it really means to put the shoulder to their will contrary to popular opinion huskies don't go on vacation once the snow melts. cars. are. in fact in the world's northern most city being docked time is a year round phenomenon blog flag where the only means of transportation around archipelago until the mid one nine hundred sixty s. and why why now cars and well i will have replaced them in many parts of the north here is prison bergen is still growing the way. it's not only more environmentally friendly but also. ok for always rely on we called deal with the cold while dogs will never live. like most of the residents of norway's long years beyond robert

wasn't born here. then in his mid twenty's spleen big city congestion in hope of reconnecting with nature he says who clean his jeep behind his barking female peter morris is the major change of his life class if the dog spit. beats they know they need. exercise every day so. when it improves with interest i'm going out training in my car some two thousand residents along here is little more than a white place in the road they may not be any traffic police but the rules of the road are no last trick the local authorities have already closed some of the archipelagos routes to motorised traffic with more restrictions to come. the law being forced behind a partial car ban is very poor think also and every dog lover cheick is driving

just milking invasive and damaging to the environment if there are no smoking areas why shouldn't there be no driving areas here small books our country norway and many other places also here in the north. i think today we are living in big tones we need the silent room where we can live all what's wrong in our normal days we need to rest our brain as the iraqi palin who tries to attract more tourists some suggest that big her restrictions may have a commercial appeal with people around the world reporting increase in traffic pretty many may be in need of a car free refuge like peace russian traveler couldn't call us of and most of my poor endures hours long commutes to work sans the absence of hunger. horn's meets you instantly fall in love with it weighs the most amazing moment i experience here on soul but it's of course the traffic the lack of traffic even early on january

first in moscow you cannot find that if you cross like you see here to ban cars in the favor of dogs it's an absolutely great a great idea and this would probably attract more and more tourists down here going to the dogs is obviously not an option for every cd but here has he's definitely don't feel like a fifth wheel because we can see longer be an. hour how this hour's headlines in just a few moments here for you before that i will take all that's happening in business with. eleanor constables and it's here on our sea of rushes to major bourses the my six n.p.r. ts are putting the finishing touches to their five billion dollar merger the new brand of a combined stock exchange will be a preserves of early next year with plans for an i.p.o. in twenty thirteen an r.t.s. or ever it has all the details for us. there are now new legal obstacles to the

merger between the r.t.s. the my sex exchanges the mergers been approved by the federal monopoly service and it's now on to the technical details which are not you when you're talking about joining together and index the trades mostly in equities and currencies and another index that trades mostly in derivatives and that on different technical platforms and one thousand person board has already been appointed from the banking community and from the brokerage community and now from here until the end of december it's that the legal merger between the two indexes will be completed and also the merger of some of the markets during that time they'll be testing the systems they'll be synchronizing the industries in terms of data and also they hate to create a single technological entry point to boost indices they'll also have to make sure of course that the service they offer is interrupted that there is no loss of quality and also to integrate all those technological details the ambition is to

have a full set of financial instruments a full package of operations to be one of the exchanges and in the next couple of years to be in the top ten in terms of revenue first priority integration second priority to around about two thousand and thirteen obviously the overall goal of this is to make her into a global financial center and the c.e.o.'s of the r.t.s. and my sex who were here in london on tuesday say this is not the only thing that needs to be done to create a global financial center in moscow but it's certainly a big step in the right direction russian ruble continues syria treat against the main currencies it's reached the lowest level against the us dollar for ten months the other solace of all about deutsche bank but also believe the ruble is riskier than other currencies are the moments but he doesn't avoid to diversify if possible . well prices are still high the economy is still very strong.

so the doesn't seem to be. urgent need to drastically shift from one currency into the other clearly we're living in the very unstable runs of with its requirement for markets so what makes sense is diversification what makes sense is to retain some portion of rubles hold some portion in dollars and in europe and if you have further ways of diversifying your savings only for the better. would be the simple approach the best approach. in order to be defense of the. markets currently i personally think there is no fundamental reason to avoid the ruble morse code other currencies. but i think a look at the markets now all prices are mixed this hour after seeing some gains only choose day that's crowding fears over the euro zone that prices still keep concerns over the land light sweet is currently trading of below eighty seven

dollars per barrel brant is action towards one hundred eleven dollars per barrel. and european markets are in the red with banks leading the clients investors are cautious after wall street give up its rally and as the greek debt crisis lingers on the footsies losing point five percent this hour the dax is losing over one percent and here in russia the markets have slipped into negative territory the r.t.s. is down two point six percent on the my sax is losing point three percent this hour let's take a look at some of the movers on the ice ax all majors are again in this hour lou call is slightly up of god cross that is losing point eight percent that's on news the company is the scotts in the possibility of building a joint all refinery in russia let's try this send a pack and food company of russian c.s.l. and their. the spider posting a fourteen million dollars net loss in the first half of the year. b.p.'s problems

in russia have just gotten a little worse the majority of the minority shareholders in the company's russian venture to be have doubled their compensation claim for b.p. said sam to form an alliance with ross left they now want five a billion dollars to put this down to a clear understanding of the damage caused by b.p.'s failed bits a swap shares and exploit the art that with rosneft the minority shareholders claim to give you the last potential income by being locked out of the deal with russia's biggest oil firm the first court hearing is scheduled to happen in early october that's how business looks the soured by.

if. it is easy. to. see.