president obama sets up a standoff at the un general assembly was sovereignty seeking palestinians are set to clash with a veto holding us despite overwhelming international support plus. banging the drum for a new nation thousands of palestinians pour into the streets of the west bank in support of the paid for statehood at the u.n. . on camera the palestinians if you have a mano with these cuban and any punishment on the street as people celebrate this historic occasion join me in a few moments and i'll bring you more. than the eurozone teetering under its rapidly piling debts with greece trying to speed up cuts and the i.m.f. warning of a new recession may be looming. and while europe is struggling to avoid slipping

back into recession russia's finance minister is saying that russia will have fully recovered from the teeth thousand eight minus will brighten by the end of the this is the twenty minute. ten pm in moscow i match reza good to have you with us here on r t our top story the shout the showdown over palestinian statehood set to dominate the u.n. general assembly and play out on the streets of new york the majority of the international community including russia is ready to support the bid but the u.s. says a palestinian state can only be achieved through talks with israel for more on this we're joined live from new york by archy's marino portnoy. good to have you with us so with more talks expect on the sidelines of the u.n. general assembly over the palestinian statehood bid where does the issue stand at this point marina. well at this point the palestinians show no

sign of backing down from their campaign for you and membership this is despite tremendous pressure coming from the united states u.s. president barack obama addressed the general assembly a few hours ago and said that peace in the middle east cannot come through stick for statements or through resolutions from the united nations he said instead the united nations all members should be encouraging the palestinians and the israelis to get back to the negotiating table what we do know as we've reported is that the majority of countries are supporting the palestinian bid for statehood and that includes russia the u.s. has the right and said it would use its veto power in the security council to prevent the membership from going through russia's foreign minister sergei lavrov said of course would be better to get both parties back to the table together to negotiate but the u.s. should not use its veto to prevent the aspirations of the palestinians or any other

country now out on the streets of new york city we did see and have seen a lot of palestinian supporters demonstrating on their behalf right now this is a story that's dominating not only new york not only the u.s. but it's making international headlines in the u.s. is in a position where it could be seen as not standing by its words if it uses a veto against palestinian membership it would also over the next twenty four hours in new york that have an impact on the palestinian. well twenty next for twenty four hours is a pretty big deal we have seen that u.s. president barack obama has and that with israeli prime minister benjamin netanyahu for a bilateral meeting also underscoring the fact that the palestinians and the israelis need to get back to the table and need to be given go sheeting again obama did also say that the bond between america and israel is on breakable that also symbolizing

the fact that the u.s. will use its veto power but the u.s. president is meeting with palestinian president mahmoud abbas in just a few hours that was a meeting that was not scheduled before last night or before tuesday so that is an urgent meeting that was put together the u.s. is clearly trying to get the palestinians to to back down in some way or stalled this campaign for statehood and u.n. membership so we do see that a lot of diplomatic effort is taking place on the sidelines of the u.n. g.a. if the u.s. will succeed it's not sure because the palestinians do have the majority of the sport of from the international community. in new york thanks for that report. thousands of palestinians are marching across the west bank to support their leader's move to win recognition for their state at the u.n. there's an atmosphere of jubilance says government services and schools were closed to allow people to go out onto the streets and demonstrate or his policy or has more. is being priced for it's right across the west bank is this tomato that some

twenty thousand people have taken from the space of a mile that people took up work the schools closed early and many of the businesses shut down on standing and on the nod which is really the focal point of the myler and in this area the businesses the shops and the restaurants have been opened so that people can really celebrate was almost a kind of the atmosphere now this does kick start three days of peaceful demonstrations of the palestinians and the staff says they will be holding in the run up to the palestinian president mahmoud abbas making their third on friday for statehood at the united nations we've seen some of the such celebrations across the west bank in hebron there were an estimated seven hundred thousand people turning out for the parties in qana bills today and some of the scenes unfolding in defeat him and in nablus they wanted to isolated incidents of violence they did change it will help ease the tensions in modern day one in kalandia checkpoint not far from here it was a little bit of violence in hebron the both of those have been built under control

and the people i've been talking to say that not only do they have a commitment to holding peaceful demonstrations but sophia had a commitment to making sure that this historic moment on the world stage is seen and felt by everyone in the international community for the israeli army so he has been preparing for violence but what many say is that innocent people are rationed it's almost encouraging if one can say that the violence has happened what simple month is made the army has been undergoing an operation called operation from the scene and this is full days here that these peaceful demonstrations of the palestinian say they will hold could erupt into stand into violence but their eyes not only on the palestinians the israeli army also has a high on the right from home for many and israelis they. because just yesterday there were a number of demonstrations by its way the state says across the west bank from the fifth has been solved adamant that they will not allow the palestinians to do what they say take over their land now we are hearing initial rumors that some kind of deal has been struck the kind of scenes we do not have confirmation of we do not

have the details of the gate but what we do understand is that the kind of scene in president mahmoud abbas might on friday the bill of making his bid for statehood but instead of asking for the vote to happen at the same time he might today best and tilt seem to be sometime next year if indeed this is the case that means that american and his way the pressure on the palestinians has come to base which has certainly extend for. more perspective on this i'm joined by ron is uber rude editor of the online middle east newspaper palestine chronicle joining us live from seattle thanks for being with us so when we're nearing friday when mahmoud abbas is presenting his the palestinian bid at the u.n. what do you think will happen. well of course there are various scenarios here and the leading scenario among them is that the u.s. is going to veto the palestinian attempt at trying to exact a recognition of the palestinian state from the security council this is kind of a foretold conclusion really the challenge for palestinians is not that hard for

say the challenge is to remove really the palestine file from that of the u.s. supposedly as an honest broker in this process and to put it into the international arena if this succeed in doing so they are going to deprive the united states from from having the absolute and sole control over the fate of the arab israeli conflict but at the same time if there is a mediator in this process they are going to be on one side or the other i mean the u.s. those who are in support for israel would have someone else is a mediator here and they've already stated their support for the palestinians doesn't it also struck the other way not at all actually the palestinians are not expecting a third party to be on their side you have clear you understood lucian's that have been passing for the last sixty three years and they have a very clear vision and understanding of how they are israelis conflict should be

a result of what history is need is to go back to the u.n. and say we need a third party that would add here to that frame of reference and the frame of reference the numerous you're losing lucian with the security council or general assembly resolutions states this is this is the roadmap out of this conflict it should not be the diktats of american foreign policy it should not be the dictate of the israeli lobby in washington d.c. or it should not happen on the be hissed of a right wing government in tel aviv it should happen in accordance with international law and this is what palestinians are hoping to achieve. palestinians would read a presence or peace time a final deal with israel next year known. that's all i think what sarkozy is trying to do here is to present himself as someone who's standing up to equal distance between the palestinians and israelis this is really an old trick and the europeans have done it for many years and it did not need anything it did not yield to the palestinians even one inch of historic palestine or do you the occupied territories

so really going down that road is not going to get them anything back. the u.s. has promised to veto the palestinian bid and they're saying that israeli security can only be achieved through negotiations now with rockets fired from gaza terror attacks on israeli soil how are justified you think or the u.s. concern for israeli security. is there hasn't been really any suicide bombing in israel for years and years the latest attack happened supposedly from from egypt what has been going on is the rocket fire that killed five six israelis for the last ten years one on the other hand you've had thousands of palestinians being killed and wounded as a result of israeli attacks on gaza and elsewhere in the west bank so if anybody security should be honored here is the security of the palestinians the occupied oppressed party not not too much emphasis on the security of israelis as a palestinians do not exist in that process or you see rallies in support of the

palestinian bid in the west bank and new york do you think that these demonstrations will turn violent if either side isn't going to be satisfied with the outcome of the un vote are you going to see that happening the fact that we are going to the united nations indicated palestinians are seeking a very peaceful way out of this what we are saying is let international law be the judge that the international court of justice let the general simply be the judge you can't be any more pacifist really than that so to expect palestinians to use violence as a way to exact mission from the united nations it just doesn't make any sense at all for iran as a brit or of the middle east newspaper palestine chronicle rival seattle. the u.s. is israel's big supporter in the un and it's back for the arab spring threatens its men its main middle east ally to leave it in isolation america got behind a muslim movements for democracy but the new regime in egypt has left israel picking up the pieces of broken relations archies and yes and no way has more from

cairo. 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 paying for what it did with the evolution bring us. doing good your time there was a bit of security but now there's less as you can see on the streets israel has also been left hanging a slow road to stability in neighboring egypt mixed with a massively unpopular israeli foreign policy makes a dangerous cocktail. the case for change towards those this petition was very slow so you had a lot of frustration on one side and then you had a lot of anger that. exacerbated after the killing of the five protection soldiers on egyptian territory by israeli gunfire. taking out 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 hours three demonstrators were killed and over a thousand injured. and this is the fear this situation can get worse for israel not for us which is starting to get stronger this is not a negative thing for us but a plus. for the protester who took down the israeli flag at the embassy in august was hailed as egypt's new super hero flagman a wall wasn't built to protect the embassy but completely destroyed by protesters. this is where. remains are. behind our report card shows a movement is now being enforced here in egypt suffocating it's already freedom and in the region the u.s. is strongest our. basic security threats as this new democracy is stuck in

a spiral of uncertainty instability and sometimes chaos. then human lives in young called the incident a near disaster being averted might haue a lot more work to do to avoid catastrophe in the future this really should worry about look at what's happening in turkey and egypt two very important states would choose to have not only peace but 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's security it must occur to netanyahu and others at this point that certainly be americans are holding the end of the game says and have all the cards up their sleeves so so i think that's something that must weigh heavily on on israel as well because when it comes down to it the u.s. tends to protect mum thing in the end the basic problem here i think with americans

and with the western civilization general the way they're handling things is that it's become too much about interests not not really about humanity or about anything else it's really become about interests and and when interest is the main driver of things become messy and egypt could become a mass that israel will have to live with he's now a r.t. cairo. stay with us here on our team plenty more coming your way including the tough life of an afghan junkie and look at how almost every family living in the world's biggest producer of opiates is dealing with the scourge of narcotics. but first the international monetary fund has issued a grave warning for the globe. financial outlook the most severe since two thousand and eight the lending giant is pessimistic over world growth unless the u.s. and euro zone lawmakers act quickly meanwhile a greek official has announced the country's wrapping up budget cuts and planning to spend more civil servants to secure a vital i.m.f. in cash or here without the eight billion euro bailout the country will default

next month there says the european commission inspectors plan to return to athens to assess the progress in reducing debt for more on this we're joined by patrick young executive director of the investment advisory firm d.v. advisors thanks for joining us so international monetary fund thinks the current financial situation hasn't been seen like this since the recession of two thousand and eight how bad do you think it is oh it's absolutely easily as bad as the i.m.f. say one of the problems we have is that the i.m.f. if anything more prone to optimism so therefore then coming out today and telling us that european banks need another four hundred billion dollars really means they need probably at least half a trillion dollars five hundred billion and i mean even for a financier like me that's a lot of money so greece is paying to push even more austerity measures on its people with this latest set of cuts managed to stick to kickstart that country's economy you know the problem here we have is that actually greece is now in such

a debt spiral that it's really well it's like one of those world war one aviation films that we've all seen were when they get the tail of the fighter suddenly he goes down in flames fire really into the ground and unfortunately there's nothing the greeks can do at that moment until they've had a really really gruesome economic shock if they're going to maintain themselves in the euro and i personally but they really can attendant's those illegal because they don't think the greek people are prepared for the fall and their cost of everything you know that the overall standard of living because it's absolutely horrific and often says it has. enough money on hand to last till mid october no more why do you think euro zone leaders are holding on to the bailout cash if it wants the euro to survive well look at the problem we have here much is absolutely not political and the i.m.f. actually talks about it today it notes the fact that we've gone beyond

a sovereign debt crisis now we have a political crisis the leaders of france and germany are looking over their shoulders to see what's happening i'm not their cultures and the truth is the voters particularly in german germany are fed up by feeling on the greeks and they don't want to pay for other debtor nations so therefore the germans and the french are playing politics by trying to look tough all of a sudden when they've actually been late to the party throughout the course of the last eighteen months since this whole crisis has been developing has done to another country now italy has been downgraded by standard and poor's and it's been a recently trying to get help and cash from china do you think that's a solution well you know people he has a longstanding history of rushing towards of their donor nations i mean that used to get a lot of money out of it believe both for their industrial companies and the government during the one nine hundred seventy s. nutrients running i think to china demonstrates to us just how the world has tilted the truth is we are on the verge of seeing and witnessing in our lifetime the death

of the west as a prosperous economic entity they've been in the ascendant provide hundred years and noise after two hundred fifty years old basically being at the absolute peak of their powers we see a situation where italy is crashing and burning it too has no tangible political leadership silvio berlusconi unfortunately has ended up looking like a liability in office and the people are rest of they're not willing to take the house that they need to balance the budget but at the same time is that they would have the death of the western economy a little bit premature because during the eighty's everyone was saying oh my god japan japan and now japan is in dire economic straits it's having its lost decade could we possibly. see that with china to that's a brilliant point mass i would agree with you i don't think china has reached in any way the point where we're going to see that china is the new dominant power what we're seeing the always and if we take the east as a whole and that includes russia even the new europe at least to europe as well as

indeed india and china those are the countries in the ascendant but actually to look at the whole concept on a broader basis of what's happening at the moment in the economy one of the biggest worries is actually the elephant in the room is actually china because china has a huge asset bubble its property market has gone through the roof it's had an incredible explosion in lending in the course of the last two years to try and keep the economy growing and i actually think china is on the verge of a recession as well so it's not if you take out the fact that china goes into recession the united states of america is blackline in western europe is basically headed back into a recession whether it's actually ever come out of recession is in part a moot point this is not good for the world economy and that's essentially what the i.m.f. has been saying today there is a major problem for the economies of the west right now by the chinese economic outlook doesn't look particularly much better and therefore there are a relative who always sees where we hope that things are going to hang together

possibly in australia and certainly in places i think like parts of eastern europe and russia right unfortunately have to leave it there will wait and see what happens next patrick young executive director of the investment advisory firm d.v. advisors thanks for a perfect. hundreds have gathered in capital to mourn the assassination of former afghan president burhanuddin rabbani a key figure in current peace talks with the taliban was killed at home by a suicide bomber who had explosives hidden in his target a special ceremony will be held at the presidential palace before his body is brought to his home province in the northeast the killing was the latest in a string of high profile assassinations including the murder of president karzai is half brother in july much of the violence has been carried out by the taliban by income from the drug trade which is flourishing afghanistan is the source of the vast majority of the world's heroin critics say nato has turned a blind eye over the ten years it's been in the country because of reports from

kabul or drug use is relevant. the penalty for drinking beer in kabul is sixty whips on the back publicly it is a very traditional muslim society or is it there are dozens of people if not more for drugs right there under this bridge in the center of the city with all this coming and staring at them and all these insane conditions we still rubbish being thrown weight here where we're standing right now this is just incredible seacat heroin opium it's all cooked mixed injected or small to the right i'm on these piles of rubbish a rotten meat and an indescribable aroma and not one policeman anywhere near but that's not all we were told these people don't just come here to do drugs many of them told us whole pakistan and you can hear we don't have any job we don't have

any editing to do if you can't say for the war on either the help of a study commissioned by the us state department shows each family has at least one drug user all kids are now found in breast milk and all kids even newborns that morphine in their blood there's no doubt the theory 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 their own ninety percent of all the opiates in the world are produced in afghanistan interval cleans the markets global trade turnover has long surpassed the five hundred billion dollar mark a russia is one of the worst affected states with around eighty tons of heroin thought to a new essential in a country like india those people 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 for.

drug production is not their goal there is no such directive. many experts find this a bit strange given the fact that a large part of the revenues from drug money is used to sponsor the taliban needles key enemy in the region meanwhile the international community and 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 that multi-billion dollar afghan drug network has the whole world and its grip going off key afghanistan. stay with us here on r.t. . thanks that's right time to get the latest from the world of business while many european countries are struggling to contain the deficit russia is such have

a balanced budget this year in addition the finance minister of russia says inflation will be a record low seven percent and in terms of growth alexi could trim predicts russia will have fully recovered from the two thousand and eight financial crisis by the end of this year. russia's g.d.p. will reach pre-crisis levels by the end of this year but state budget riven use returned to pre-crisis levels only in about three years that's following a cut in texas and low incomes in the energy sector point. but we have no doubt that this year the budget will be meant for the first time we will not be running a deficit. let's have a quick look at the markets oil prices a mix does the market was torn between crowing expectations of most analysts measures from be u.s. federal reserve and gloomy i.m.f. growth provisions which is currently traded at around eight to seven dollars a barrel while branches that one hundred twelve dollars. and u.s.

stocks a little change so far as. a way to get federal reserve announcement that may signal more stimulus for the world's largest economy not only europe but markets finished on the road with banks leading the declines investors were cautious after wall street gave up its rally and as the greek debt crisis as well as on traders we're also awaiting the outcome of the u.s. federal reserve meeting later today it's now widely expected to deliver some new stimulus for the u.s. economy and finally here in russia the markets slipped into negative territory at the close of play the r.t.s. down point one percent while the mice it's most point eight percent whole look at some of the individual shareholders in the it's well may just were down at the close. one. last under two percent on the news the company is discussing the possibility of building a joint was refinery in russia with china scene of not circus trading well after a hike and pipeline transportation. independent produce this. straight

for us. so they were flirts the to the everybody is. what we're doing fool for the group of. people generally excess of the good relations of a very attractive of the rover stock circuits and the stokes. nobody is sure about the timing. to this stage presence the body could produce in a long year the. open was next week six months remains the subject to be consultants and most people in my opinion sitting in cash going for a little. p.p.c. problems in russia have just gotten a little worse the minority shareholders in the company's russian venture t n k b p have doubled their compensation claim for b.p.'s attempt to form an alliance with

ross in it they now want five billion dollars they put this down to a clear understanding of the damage caused by these failed bitch just talk shares and explore the arctic of course that the minority shareholders quintin p.v.p. last potential income by being locked out of the deal with russia's biggest wealth from the first court hearing is said to have been in early october. that's the business bulletin for more stories you can head toll website archly dot com slash business.

kushal is that so much of an oldish musician clientele to try to keep any maybe geopolitical order in the middle east and the arab world is in ankara making a bid to play the role of a regional hegemon on the back of. one of the weapons grade plutonium is turned into a vital new resources nuclear waste becomes a fuel friendly.