really it could be a lot of people if you're really looking at is it time to read the countless ms reno today should you grade still be on markets generate wealth in the rich only get richer. we gauge the global reaction to the news there but even putin is running for the russian presidency again next year with me from a van and now planning to replace the at the government's. we've got the announcement now of the and now it's just join me anything now wait for the latest global and russian reaction to putin for president. european media's all for a barrier rescue plan as they battle says stave off a double dip recession and the prostates and greeks to fold while the i.m.f. warns it may not be able to help me some. sound on freedom of expression in the u.k. as a historic precedent set for

a bound on multiple parts of long term. and business russian markets problems krakatoa shop losses in early trading while the traditional safe haven asset gold is the altitude percent from its recent peak joining me for full business bulletin and christmas time. welcome see this is live from moscow global media has been responding to the news of a team of police and will campaign to return to his old job as president next year he's been backed by russia's current president to get through that and is now aiming to replace putin as prime minister and he's now asking. the announcement itself not a very big surprise but how and when that happens some analysts are saying it was the best kept political secret in modern history of course social networks went

crazy with reaction if we take a look at some of the tweets that came immediately stateside from senator john mccain not a big surprise coming from him he of course a former presidential candidate in the u.s. in two thousand and eight says surprise surprise shocking new speaking is running for president and then here in russia from a presidential aide are. we have nothing to be cheerful about it's better to be playing ice hockey at luzhniki that of course is the stadium where the united russia convention took place and the announcement was made he goes on to say it's probably time to switch to a sports channel i know there are another tweet from katrina vanden fugal who's the editor of the nation i says they did it to replace hooten democracy russian style not so they were going to hear from a lot of analysts whether or not this is the path to russia creating its own democracy so to say not necessarily. taking the beat the western model that we see in the united states and in western europe have a very different reaction on the social networks and this really is just the

beginning i think it's fair to say this announcement happens on the weekends to drop this monday we're going to be hearing a lot of different analysis about what this means with pledging your future running against a president in the trenches you put in doesn't joy a slightly higher approval rating then president medvedev it's about three percent and really he is known for bringing stability to russia after the turbulent ninety's russian citizens of course very much appreciate that ricardo young from voice of russia radio had this to say he's got to start creating jobs just like other presidents other prime ministers have to do across the globe he's got to start the russian economic engine. going again reset the economy there i don't think he needs some changes at this point he has been very. consistent as showing himself as a very strong decisive leader and he certainly has done the same with his protege obviously a person of good years and this is the kind of political intelligence this is the

kind of smarts but i think people respect whether they're in russia or the u.s. he's shown to be very decisive very strong and has a vision for russia and i think that whether it's the u.s. or russia or any other country that you have a leader who has a vision and a strength that people can see that's the that's the individual they want in office . they did it would certainly have their work cut out for them what they need to do now is convince the rest of people that it's their tandem that will take through the next decade i move out stability to further development. and let's get some more perspective on this now from london based ross the expert in the cooley has a joining us here in aussie was poorly so ross is now. back to having this president does that mean that the country. no not necessarily because russia is a pretty good economic situation to present if you look at the all revenues. if you look at gold. raw materials diamonds and so on russia is

a very strong position the. russia will issue far because it has to go before the billion dollar. it can take nothing but a present economic situation is. quite good because the i.m.f. is expecting something like four percent growth this year which is vastly superior to the european union america you talk about economics that of course the question still hangs in the arab political circles and the ruling united russia party and the p.c. made that a tandem is supported by the heart of all russians but the widespread he persisted there is a lack of democracy in the country why is that. basically because the middle class or small. if you look at the west european and american north american democracy the middle class has a large. political parties really come from the middle class. and

many of the people middle class are business professionals and so on and that group is look really developed in russia. but many some of the civil servants and so on state officials. and russia needs to evolve a much larger beautiful are small and medium scale businesses need to develop. the middle class will develop. everywhere in europe especially america big business is involved in politics because money money is power and you look at america the democrats and republicans big business support goes to get money from big business wall street. it's no surprise that russia that you know the united russia media receiver is in fact the party of the oligarchs and the top business for him because you join if you are a top business person you've got to be in the top party other was maybe sidelined

but is that perhaps why this is a con back to the kremlin it's also been criticized heavily in the way you think they have a point. yes the west take a different view because they take a view it's really a liberal market economy plus democracy democracy in the west means a multi-party system a multi-party system is not developed in russia. because the the communist party until ninety ninety one. and afterwards you had various parties which reflected years and presidential power then put into power and so on so long the dominant party in russia and all the other parties are really minor minor parties it surprised me the communist party has made a strong showing but a good knowledge of gone it doesn't seem to be a very dynamic leader so therefore from the cold if you have democracy the western view is different because it's multi-party it's business very often really business

in russia that really hasn't developed yet russia needs perhaps another generation before you get the system because if you think back to the usually or you just mentioned alluded to trying to set up a two party system based on the american system under sail. one party dominate is you could really have two parties competing for power in russia at present the trend is one party and anybody who is anybody anybody who's economic wants to be in the party and if that is the case then no other party really can challenge for power ok let's look now to russia's foreign policy theory that medvedev has a say called resets carried on with washington likely to keep supporting that. well he will because he i think he views the united states is declining power the united states of britain is uncertain situation a real paralysis obama is looking forward to the presidential elections next year

and foreign policy is secondary and therefore russia would be in a strong position they would say we have a strong leader the united states needs a strong leader leadership in america is weak therefore can we reach some deal and so on the russians really think putin may think russia doesn't need to make any concessions for the u.s. at present because who knows what's going to happen next year the year after is these economy going to go to collapse and who will be the next president let's let's deal with the next president so. in many ways will be seen as a figure of one term president so we don't need to make any concessions from the other point of view if you look at the middle east putin and russia are very strong supporters of pressure. from syria european union and united states would like assad to step aside and another leader to take over so therefore that's one point where they'll be conflict libya russia's change tried to libya and so on but in the arab world they need to play a role they always played

a role and i think they'll be looking to play a greater role but from my point of view the greatest challenge to russia is really trying to economic political and military groups from china is a great challenge to russia in many ways you know states is not a threat. to russia china is potentially a threat in the long term at. russia's internal race and can operate peace and that it had a piece of its corrupt said increasing climate in russia what are they really making any progress. six trimly difficult to do that because if you look at any country if you look at britain there's corruption if you look at the united states is corruption corruption which is really difficult to pay to remove once it gets into the system. based on the prism it's based on the granting contracts to your friends and so on and that's very difficult to eliminate and the russian system no you found that actually in the government of the communist era it was developing then

it which a greater proportion is under yeltsin and since then you have the elites the business elites who can in fact buy influence. they're the ones who make sure that they have the they retain the power. they are strafing small and medium scale business because they don't want competition and if somebody falls out of the kremlin the cracks police can be used against us so therefore your situation is very very difficult to extirpate corruption or to listen corruption we did you did this best many fine speeches and so on. but the net result i don't think it's very great it's a great challenge now for russia for putin to try and reduce corruption trying to get the country more efficient because corruption efficiency of the country to reduce that he's a strong man he's got the power because somebody else had to implement his decision . and as

a people including the three hundred in favor of reducing corruption it's very very difficult for the president or the president to do that ok the callie i rushed past exasperate london many thanks. jake. if you're with us and kids happy but also plenty of company in the program including peace i did say palestinian officials in washington the bullying the un member states into delaying the palestinian statehood with a security council gathers to discuss the issue also. that it will be ready or could use all the talk you know about shutting down for a school social network sites. we're talking about the kids or your civil war measures historic changes in the u.k. is their home office and the police impose a value on marching. eurozone leaders are preparing a rescue plan to prevent the escalation of the financial turmoil threatening to send the global economy back into recession it comes as the i.m.f.

is war that may not be able to help the big european economies struggling to tackle that as well with the greek as of old now widely considered a matter of time the priority is to prevent the biggest states of its years spain being dragged down greece has been hit by another wave of public strikes against government austerity measures what is ours is garbage can report to us accused of being too tough on some countries are painting soft on others like the us of the two thousand and eight prices. litter ship has changed but the methods have not for a desperate economy the i.m.f. still offers the same bitter medicine of draconian budget belt tightening reeses push to redouble its austerity efforts at a time of economic recession and to sell a vast trunk of public gets it at fire sale prices some have no choice but to cut dificid know the i.m.f. for my head dominique strauss kahn said there forcing greece to pay back its debts

would unacceptably impoverished the country and that everyone must be willing to accept losses on it but philanthropy has never been the i.m.f. strong point it's a new situation where my main shareholder is the united states of america well any dollar any euro that is invested in the fund goes dark. to the member principal and interest we not in the business offices of subsidies we're not in the business of giving grants the us and europe are holding the most votes in the organisation and veto power despite the fact that emerging economies have been the engine of global growth in recent years the organisation's policy making is being under fire for being biased in favor of its top shareholders one of the functions of the i.m.f. is crisis warning in prevention but when three years ago the financial crisis in the u.s. was sending devastating shock waves throughout the world the organization proved completely redundant in the case of united it. in

a much stronger position warning it better to build a financial. going to be. completely . and it must be able to monitor. it well. it will probably do that ability some experts see the intimacy between the i.m.f. and us corporations as a matter of concern all of the big decisions that are made by the u.s. treasury department well even the head of the world bank has accused the top advanced economies a few congress in their policies when countries with large fiscal deficits preach fiscal discipline the poor countries what are they really saying do what i say not what i do when countries pay homage to free trade but hold back developing countries with barriers what do they really say it when i say not what i do

a do what i say not what i do world will fracture to the detriment of all. the old ways can and must change with the i.m.f. swankiest members themselves facing their own debt problems any doubt whether the organization will be able to take adequate measures to work off possibly another global crisis as well lending money to the world's recur connelly's the i.m.f. is still facing the challenge of offering viable solutions that do not come with crippling measures but one thing is clear the world demands an i.m.f. that does not work solely for the benefit of the few i'm going to check out with forty four march parties. palestinian euphoria following the state to visit the un's beginning to fade as the security council prepares to discuss the case late as a palestinian authority has given the un see weeks to decide on the issue authentic using the u.s. to meetings in the states and pulled down and you'll see a shadow on this american face and also the proceedings of all ms bound with

greater recognition of any indian state without the approval of israel palestinian activists and knew or they questions why israel would ever want peace the state it is come to be occupied for so long. as palestinians we have a very high concerns of national pride at this moment that even though we know the veto is most likely coming. makes no difference but there is a very high sense of national achievement at this point because for one so after those very disappointing years of the so-called peace process the political leadership and the popular popular public opinion are in line and they're in an on one side of the political debate if you will going back to negotiations is not something palestinians are posed on principle but if we go back to negotiations with our occupiers and that's what israel is without any terms of reference without

israel clearly committing to international law clearly committing to its obligations according to international law and relevant un resolutions then it's purely pointless. i was the bottom of struggles to contain the fallout on the palestinian bid new reports of the merge that he secretly approved the child's for fifty five high tech bunker buster bombs israel would be allegedly to raise just months into his time in office it was something the british had rejected fearing that israel would sell the technology off to china but according to all that historian at william blum for obama it's all about campaign funding. well the u.s. has been giving israel. who are. not based on larger i mean if you ask. it's not is not what he is pro israel because the money he gets in the u.s. from campaign yes unfortunately a lot of these. individuals that's what motivates them the only rationale here is.

logical. governments bronzes police powers to prevent fellow right groups are marching through several parts of london and the day's school in the us says it applies to the county the theory is of violence at the source a. defense league earlier this month. that report has prompted concerns the dangerous precedence and sessoms hands of police and freedom of expression. a few workers activists on the home office ban on marching it's clear it's an attack on the basic democratic rights in this country through september in six areas of london anyone marching like these people did last winter is liable to be arrested and fined or even imprisoned. the ban was prompted

by plans by the anti muslim english defense league seen here in luton in february to march through tower hamlets the area with the highest concentration of muslims in the country but instead of banning one march on one day the home office banned all marches in six bars for an entire month activist richard seymour sees a wider motive once again as pastors in a certain so that martyrs and it just means that the police more powers and that's part of the wider problem that if you're a static demonstration the police are right to pen you in. a restroom very. small doses or not of these people behind me or amongst the lucky few they still can march just by pure accident of geography we're here in lumberton which is not one of the six bars affected by the crime but if as many fear the government extends and widen the plan to take in more parts of london the scenes that you see

behind me both small and large marches through london and many other cities across the country could be a thing of the past the ban comes hot on the heels of widespread rioting in many english cities in august it also coincides with the introduction of government austerity measures which some say amounts to the dismantling of the entire welfare state many say public fear of civil unrest is being manipulated to prevent the unions from turning out to protest fierce cuts and pat. reagan from the workers revolutionary party says it's just the tip of the iceberg to the border area curfews you're talking about shutting down facebook social network sites we're talking about dictatorial civil war measures because what we're doing in britain is creating a historic change which inevitably. the majority of the population will oppose and

the home office can only stop marching its powerless to prevent people from gathering but workers' organizations argue it's no good just standing there you've got to be able to march to make a statement as the unions did in march when more than a quarter of a million people turned out to protest the cuts activists say that's exactly what the government's trying to stop just in terms of where we are at the moment in this country with the cross as a stereotypic course through by the government trade unions are one of the. opposed no public order of absolution does tend to be used against striking workers something that's very clear. there's been some recent examples of people being called off because clients are not always and we can say resistance to cuts freedom of expression and dissociation are in shrine didn't u.k. and european law with the u.k. renowned for its powerful union organizations but the ban gives police the ultimate power to step in and arrest demonstrators merely for exercising their right to

speak out against the government and that's a dangerous precedent to set a bit arty london. because going to check on some other international news in brief syrian it turns in the position of the government of bottoms of the opposition held city of a last stand in the west of the country reports say three people how safe the injured and that the army is preparing to the safety in follows a sharp increase in anticipation of sentiment around the country with serious seen some of its biggest protests in months president assad playing down ras on foreign meddling in stabilizing the country. to spain now where the law is said to have lonely is ended in clashes between fans and bullfight campaigners scuffles broke out near in a region or a boss alone or off to the end of a surety that about on full flies ingalls him by canceling is paul image comes into

effect in january after pressure from animal rights activists but many still see people fighting as part of their heritage and want the tradition to start. libya's ruling national transitional council supporting struggling to form a new government as fighting continues here this is of sips a loyalty fueling the rugged saffy the ongoing civil wars claimed the lives of an estimated thirty thousand people so far meanwhile in the capital tripoli a mass graves been discovered as to make a second table always person on good portions it's believed that the remains belong to the inmates of kidnappings top security prison abu selling the site of a mass attack in one thousand nine hundred six. and we have more on libya on a website comment on that you like find out just how much the u.k. ministry of defense has spent say getting. out of power. it's time now day for a business update with patty and i think they're way. i

have all kinds of business here in r.t. thanks for joining me this hour russian rockets of bouncing back after shot falls in the first hour of traits there digesting the news vacuum of hussein will be making another bid for russia's presidency and aleksey couldn't could be stepping down as finance minister more globally european leaders have made progress agreeing the size of the bailout critically not how it should be funded people all over it was at the r.t.l. stock exchange. after a relatively slow start to trading on monday both the are to guess and my six have started to regain some of the ground they lost last week when both markets took a bit of a hit no that was a knock on effect for some do me a growth predictions coming out of the united states also the ongoing debt crisis in the eurozone now there was a meeting of eurozone finance chiefs over the weekend but all that did was really

throw up more questions than answers they did say though that it could take almost two trillion euros to bail out the debt riddled countries in the eurozone so all of this coming together to leave the markets extremely volatile at the moment you throw into the mix the big news from russia the bloody me of putin will run for the presidency in twenty twelve and this finance minister i let's see could get in may step down and it's quite difficult at the minute to see just how much of an impact that will have on the markets right now. tell us take a look at the figures r.t.s. is two percent higher and in my six is gaining over three percent and looking at some index movers out of isaac's most energy major a rise with gaining four percent telecommunication john rother the commerce awful lot of companies listing twenty five percent of its preferred shares in london and banking stocks are no exception in the t.v. twenty two point six percent of black. european markets are higher as well banking

stocks were were under pressure a rebound thing over miners continue to be out of question future with commodity prices silver and gold miner fresno is the biggest color on how you can index topping over eight percent of our precious metals. all prices are higher this hour investors are speculating that you have sovereign debt crisis or cut fuel demand and that apple's wise friend land is trading at just under one hundred and forty. four dollars a barrel actually while the public is trading i think there's about. the uncertainty in the financial markets has made cash king even the traditional safe haven ask that gold is down fifteen percent from its recent peak and one point on monday had lost one hundred dollars although it's. back most love our capital says it's nothing but a correction after

a significant. always seen recently with gold is a fantastic run to the upside is traded that are noisy hundred dollar levels twice as if the trade became increasingly overcrowded so you had individual investors and as well as an individual just as large a trading houses investment banks and sovereign nations all piling into the same time and when they did it becomes it is very little supply left it would certainly demand left. carlos' and therefore we saw you see a pullback in the in the price also exchanges have increased their margin required will deposit required to hold gold so this seems to be a short sharp sell off and is in line with what we're seeing elsewhere in the market. that's our business outfit for this hour but i'll forget you can always log onto our websites r t dot com for more stories thanks for.

being. wealthy british style it's sometimes right on. target. markets financed scandals find out what's really happening to the global economy for a no holds barred look at the global financial headlines. cause a report on our. culture is that so much good music to make it along.