from a bed of imprudence presidential plans as russia's media suggest the finance minister put it to his comments over the potential of jobs for. the downs for the cash in the euro zone as leaders scramble for an urgent rescue plan to stave off another global meltdown body national monetary policy cusack not to mention countries equally. on the un's most powerful body to save the palestinian statehood bid but the u.s. and israel are being blamed for stalling the historically.

a very warm welcome to you this is live from moscow our top story now present a new video that it has given a short shrift of russia's finance minister and suggesting that he stands down but lazy cuban says he's going to discuss his position with prime minister permission last season he said now is following developments for us at least so what's behind the president's remarks. from what we know is that when our finance minister lexicons and basically his comments after the news came out on time that that prime minister would be running for president and he would like to see president medvedev as his prime minister what could turn said was that he couldn't see himself as part of it because it's government that we don't know exactly what's going on behind the scenes what we are hearing and getting pretty clear evidence that president reagan was not happy about this listen to this conversation that took place between the president of the finance minister just

a little while ago. if you should so if you think your views on russia's economic union if you're going to do it you can resign your. goodness you have to answer right here and now are you going to reveal the surface machine what's the. bush my opinion stu differs from yours are going on only to make such a decision to start talk to the prime minister the social delusion or say that this has been the most of social spending good to have you as including the prime minister is going to present and i make these decisions you have to decide very quickly and give me an answer today because either you reconsider the differences or. if these differences do exist in which you may see no other way than for you to resign sure this would be an unpleasant outcome that you see some very harsh words there is word for yourself from the president to alexei kudrin what does all means for us politics no one knows yet i think it's fair to say it's going to have some

reaction on the markets but whoever said that russian politics were boring might just be about it for us and to be so what's been the world's reaction safe only to this potential job swap at the top the reaction has most certainly been mixed from around the world and here in russia it's no secret that united russia and both presidents very different prime ministers gives me joy very high approval ratings but some not unexpected reaction from the last a lot of western media outlets criticising anything that was politics were stagnant over we've been speaking to experts that feel it's quite an obvious choice is russia really is a country that needs to billet its these two officials who are certainly proven so far this that's what they can bring the country their platform is to continue to move through stability on to further development and that's what they're hoping to take and take through when the parliamentary elections in december and then of course to the presidential race in march of course social media was just

a buzz when this news came out on saturday that president that prime minister putin was going to be running for president stateside some pretty nasty comments from u.s. senator john mccain he says surprised. it's shocking news president putin is running for president again he's known for his anti putin rhetoric and then here in russia president medvedev very own aides are quoted for coverage saying you know nothing to be cheerful about it's better to play ice hockey at the lucidity stadium that's of course where this announcement was made and he went on to say it's high time to switch to a sports channel but it has to be said overall russians do support their putin it's even said that he shares he enjoys i should say some three percent more when it comes to russian citizens being asked who they would rather be as president that doesn't mean that it's going to be an easy road back to the kremlin and through this parliamentary elections united russia's approval ratings out for the

recent years but if you go out onto the streets and ask any russians at least here in moscow who they want to see as president the chances are you will hear which i think we still have lots more twists and turns to come in this offseason is now with many thanks for the update from central moscow. all of the russian stock markets haven't taken president his comments too well let's get more now from mulay he's a for the business desk for us you can you tell us about places because you're getting precious finance minister alex exclusions departure is of course but news for the russian stock market something ruble and as many analysts are saying it will be a major blow to investment climate in russia into the investment sentiment in the country as he's both respected by domestic and foreign businessmen also thought the markets wasn't close to territory truckie europe higher so they have already started to lose ground the r.t.s. is up zero point eight percent having lost one percent on the news and my sense is two point two percent higher so we'll bring you more market analysis in about

twenty minutes in the business program indeed looking forward to seeing the then year for a bit more here in the studio answer now. well eurozone leaders are working against the clock has an extensive rescue plan for the region to head off from plunging the global economy into a new recession now idea now is to apparently boost the size of the eurozone bailout fund to two trillion a year after the i.m.f. warned it may not be able to help out the big new unit called leaders are also problems with bryce harper recent times during dad but on the fate of hold still on the cards greece has been hit by the way public protests against public can't for the priority now is so called too big to fail countries such as the right space being dragged down and it's going to can report the local vendor the ins being accused of disproportionate policies. the leadership 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 deep economic recession and to sell a vast trunk of probably gas it's a fire sale prices some new choice but to cut dificid know the i.m.f. former head go many extra sconce said their forcing greece to pay back its debts would unacceptably impoverished the country and everyone must be willing to accept losses on greek debt but philanthropy has never been the i.m.f. strong point it's an institution 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 principle and interest we're not in the business obsessed of subsidies we're not in the business of giving grants the u.s. and europe are holding the most votes in the organization and veto power despite

the fact that emerging economies have been the engine of global growth in recent years the organization's policymaking has been 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 we've done that in the case of united. states in a much stronger position warning about the bill to. be. completely gutted. and it. would monitor the rich. united states as well as. it will that it billy some experts see the intimacy between the i.m.f. and u.s. corporations as a matter of concern to all of the big decisions at the i.m.f. are made by the u.s. treasury department well even the head of the world bank has accused the top

advanced economies of hypocrisy in their policies when countries with large fiscal deficits preach fiscal discipline but poor countries what are they really saying it when i say not what i do when countries pay homage to free trade but hold back to philippine countries with barriers what do they really say do what i say not what i do a do what i say not what i do world will fracture to the detriment of all. you always hear must change with the arguments was the its members themselves facing their own problems many doubt whether the organization will be able to take adequate measures to work out absolutely another global price it's as for lending money to the world's weaker connelly's the i.m.f. is still facing the challenge of offering viable solutions that cannot 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 of our team. now in just a few minutes here on r.t. arming israel what proved too much of president bush seemed a problem for obama we'll look into why america is currently to have no trouble signing off a supply of bunker boxes to television. also. to protect and subdue british police powers to blanket ban launches and demos as riot paranoia leads to a rollback in the rights of expression passing reform from london in phoenix. we've seen palestinians optimism over the un stated bid but now there have to play the waiting game is the security council considers the proposal you guys asians are expected to study the request for several weeks but the u.s. is promise it will veto the movers washington wants stated to be achieved only through talks with israel that's got more now from poor ny who's in this arena how

what's a mistake should palestinians realistically be over there see being approved by the security council. well i mean it's no secret that the united states has promised to veto the palestinian bid for u.n. membership and state but nonetheless palestinian president mahmoud abbas made history on friday submitting an application for palestinian statehood and the security council has to consider that application and that as you mentioned is a process that is beginning today security council members will meet for closed door consultations that's a process that can last for weeks we do know that there are six security council members that have already thrown their weight behind the palestinian bid there needs to be nine out of fifteen security council members to approve it for it to

pass but we do know that the u.s. said that they would wield their veto if they have to now washington doesn't really want to be put in a position to do this because its credibility and influence in the middle east is that state and that is why the obama administration worked tirelessly all last week to try to convince the public study and leader to not present the op with his application for u.n. membership and statehood now there is another option if this fails in the security council there can be a vote in the general assembly majority of u.n. members to support the palestinian campaign for membership and statehood at the u.n. it would elevate palestine to nonmember observer status and that would allow palestine to join and participate many forums and file lawsuits with the international criminal court but we're still dealing with its process in the security council and it is beginning today and it will continue for some weeks the morning of the middle

east schools had school news around the palestinians to come back to the bases evil in amman one of the tones about. well president mahmoud abbas said he will only return to the negotiation table if israel halts settlement construction and accept the. sixty seven lines and a basis for talks those guidelines were not put out by the middle east quartet and as a result of that and israel has not has not stopped building settlements as a result of that president abbas said there is no point of doing business as usual this has been a process that has lasted for nearly two decades these negotiations and they continue to fail and that's why he says palestine is leading leaning on the united nations on all its international news and political diplomatic options to

let the world help them decide if they could eventually get its statehood so at this point it doesn't look like the palestinians are being very receptive to the middle east force quartet statement that allowed both parties to go back to the negotiation table within one month and then have everything settled within one year it seems that both sides still are not seeing eye to eye on the situation and nothing is changing so right now all eyes are on the u.n. to see if the palestinian bid for u.n. membership and statehood will and will in essence go through make a. course on the poor niren you. but it's president obama struggles to continue the fallout from the palestinian reports of a. clearly secret the transfer of fifty five bunker buster bombs to israel is apparently months. they have been rejected by president bush who feared israel

would sell the technology just china but historian william blum's as for mates awaits you. well the us has been given is we are little amount of obama's her protection agency liking this is nothing new it's not based on logic i mean if you asked a rational explanation that is not what he does he is pro israel because of the money he gets in the us for his election campaigns against a fortune from the jewish lobby and jewish individuals that's run motivates him and that's the only rationale he has and has to be logical about what he does consistent. britain have long been able to margin protest with those voices are being silenced in parts of london for an entire month the government says and police get down on public gathering in the capital for some it's been freedom of expression under threat. the view of 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 cars for an entire month activist richard seymour sees a wider motive wants a biased past it doesn't necessarily mean to say that mortars are going to happen it just means that the police to more powers and that's a part of the wider problem but if you're restricted to a static demonstration the police have

a right to pen you in. a restroom very easily. with small fences or not for instance these people behind me are 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 barra's affected by the if as many fear the government extend and widen the ban 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. comes hot on the heels of the widespread rioting in many english fiftieth in august it also coincides with the. 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 unions from turning out to protest fierce cuts and patrick o'regan from the

workers revolutionary party says it's just the tip of the iceberg to the talk about the area. talk about shutting down facebook social network sites. about it or your civil war measures because what they're doing in britain is creating a historic change. evidently. the majority of the population will oppose them the home office can only stop marching it's 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 because 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 process of the stereotyping pushed through by the government trade unions are one of the immutable opposed no public order legislation goes tend to be used against striking workers i mean that's very clear i mean there's been some

recent examples of people being hauled off at once and not obviously we can see any resistance to. freedom of expression and dissociation are in shrines in 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 rights to speak out against the government and that's a dangerous precedent to set your and it's r.t.e. london. well more hard news you need an excuse and stories available around the. home hazels being lined up a moment britain's estimates are two of. all things you point seven in the. not subtle is more than planned every time a surprise now wants to clear how much to minutes three shouting out of. me

rushes save the day the machine is the probe that will go on a major mission to dig around one of those moons trivial the secrets of its soil and hold it all seems all call on it for you to channel four more on the second story. is easy to. see. down here for sure we can chew on phone called talk to me all she stops to. mention all she call me a good. deal among. my old girls.

and ownership streets knowing obama you want. to. call. what else is happening around the world this hour syria by the crackdown on protests timmy's the seven month old and senior regime demonstrations tanks have now begun the bombardment of to teach opposition secy of a little star in the west of the country injuring at least three people according to a new ad libbing two thousand seven hundred people died early on going on against embattled president bashar al assad consumes terrorist groups in the chaos are insisting security forces off the taps and the people. who are miserable in the labor peace policies died while undergoing cancer treatment longarm outside found at the greenbelt leave which is the millions of trees planted across the continent choose

a campaign for democracy human rights under particular the rights of women i thought i was an exit and it paid in two thousand and two and says as a minister in the kenyan government she was seventy one. they say says there was brains of hit several military targets of colonel gadhafi is how you count as libyan and the regime five is besieged the area still lies between the capital on the eastern city of benghazi now held by the national transitional council unfold for myself and strongholds for gadhafi loyalists meanwhile a musgrave discovered in company estimates it contained only thirteen hundred bodies it's believed that the remains belong to the inmates of kidnappings top security prison the size of a massacre in ninety ninety six. one americans being killed and another injured in an attack at a cia compound in kabul and afghan employees of the u.s.

government carried out this old before being shot stabbed it's the latest in a string of attacks on the capital taliban insurgents staged of assault on the same district two weeks ago leaving dozens dead and wounded and just days ago for my president who used to gacy say i was assassinated in his head. that's where the news is it's our heroine all see that's it a business update now with you here. sloan's a very warm welcome to the business update and as we've been reporting president richard vedder has told finance minister alexei kudrin to resign supports his policies widely respected in the business and financial community among other things he's credited with successfully steering russia through the chief thousand and eight financial crisis first office of all the chief economist of russia says if he goes he will be missed i think mr could run this seen as the greatest

heavyweight. cabinet interims of his liberal credentials in terms of his capability to convince markets that russia will stay the course in terms of fiscal prudence so accordingly his loss would certainly be taken negatively by the markets i think in terms of the replacements would have to be someone with a significant track record who's an established heavyweight and policymaking within the government and i think or there are very few names that would really come to mind i think one possibility would be aram and graf the c.e.o. of sperm bank. but you know so far. that's just one count of the c. and find out the how the markets and russia are reacting to the possibility could turn may turn to his resignation now joined by our correspondent peter all over who's that the r.t.s.

sort of change how much you peter so what's going in the market. well when you get news like this about as high profile a figure as alexie couldn't of course there is going to be it is going to be felt in the markets when this news came out both in my six and the r.t.s. dropped by a percentage point alexy could there and really referred to is a highly respected figure in the financial world not just here in russia but abroad as well. he spent eleven years in the job so he had plenty of experience has plenty of experience and this apparent ultimatum being given to him by made get of of get on board with my policies all resigned so i did send a little shockwave through the markets now they sort of leveled out a little bit afterwards. couldn't himself is such an important figure for russian finances he's credited with bringing stability he's one of the people credited with bringing stability back to russian finance after the the dark days of the mid

ninety's so he also said help a reserve put it all reserve fund. excess oil revenue was being put into now that was critically important in two thousand and eight when the global financial crisis hit it went to russia was in a better position than most to deal with and it didn't work wasn't as hard by by that financial crisis the markets today they started off a little bit slow and then picked up as the day went on people were thinking this was perhaps due to people looking for bargains in the. end on the russian markets they can tell you they are still open right now it looks like the my six will finish out the day in the red however the r.t.s. has just slipped into the black so that. this news a boat lets you couldn't really stay you will go it has certainly been felt only on the trading floors in the stock market so you're in russia. party's future all over

with the latest market correction thank you very much and we still have time to have a quick check on the markets the russian markets a mixed the some of the r.t.s. is some percent in the red and the mice it's this point eight percent let's look at some of the individual movers on the my six most energy majors on the rise with liquid gaining more than three percent and banking stocks are also up with point seven percent in the black so far was telling me the telecommunications giant telecom turned into red this hour the company is listing twenty five percent of its preferred shares in london. trade have resided in the u.s. stocks have retreated from the days they saw in the past ten minutes of monday's session solemn hopes that european leaders will come up with a new strategy to restore the region's debt crisis they're now falling as apple leapt acknowledges shows low after an analyst said it's causing orders for i pad parts. and european markets are up banking stocks are rebounding over the mine is

continue to be under pressure to two week more to crisis silver and gold mine of fresno is the biggest although on the path of european interests dropping eight point four percent on the precious metals. and oil prices the higher the sol investors are speculating that europe's already debt crisis will cut fuel demand amid ample supplies brant land is at over one hundred four dollars a barrel while the w.t.r. is trading at almost eighty dollars per barrel. ok that's all we have time for knowledge join us in less than one for another business update and got more stories and analysis from our web site archie dot com slash business.

will. bring you the latest in science and technology from around. we've done the future coverage. for. russia would be so much brighter if you knew about some.