advantage his given a short shrift to russia's finance minister and a suggesting that he stands down but says he's going to discount his position with prime minister putin and he said now he's following developments for us and was able to have mike now so what's behind the president's for mom. it all seems pretty clear cut although we don't know exactly what happened behind the scenes what we do know is that president medvedev is not very happy with finance minister alexei kudrin he made some comments after news came that if putin does that putin is going to run for president he would like to see meditative go on to be his prime minister quarter and said that he doesn't see himself working in medvedev government of course he went as prime minister and this is what president made very different to say to him face to face. if you think your views on russia's economic agenda differ from mine as president you can resign but you have to answer right here and now are you going to resign that this should be in your books the.

bush just my opinions do differ from yours but on only take such a decision after i've talked to the prime minister. has been the most of the skills you can talk to whoever you want including the prime minister but as long as i'm the president i make these decisions you have to decide very quickly and give me an answer today if you reconsider the differences you are talking of and if these differences do exist i see no other way than for you to resign although this would be an unpleasant outcome anybody of this deal with you mr. finance minister codes are what i must want there with some very harsh words from president medvedev what this all means for the future at least the near future of russian politics no one really knows i think the analysis of analysis will begin to come in probably throughout the week but most certainly those who say that russian politics are boring may soon be proven wrong certainly more twists and turns to come i'm sure.

and he's who wants the world's reaction been safe on this potential job swap with the top. will of course who drew those statements first of all came after the big news on saturday that prime minister putin will in fact be running for president. for the presidency in march twenty twelve and that he wants president innovative to be his prime minister global reaction to that and here russia has been you know it's no surprise that a lot of western media and western officials came in with some pretty harsh criticism on your of russia for supporters of the united russia which is the ruling party it enjoys a great deal of support from russian citizens known for bringing stability now running on a platform to continue through that stability and bring the further growth to the country throughout the next decade or so but of course social media is the place where really could gauge some of those reactions stateside from a u.s.

senator john mccain known for his anti content rhetoric says surprise surprise shocking news which in his running for president again and then here in russia from the president's very own advisor our colleagues are cold which this is what he had to say in twitter basically what he said is that it's nothing to be cheerful about it's better to play ice hockey at luzhniki stadium that of course is where the big announcement was made and he goes on to say it's high time to switch to a sports channel so he obviously not too happy about with that said it does have to be said that most russians do believe that the most important thing for russia at this point is stability certainly putin as president has proved that he can do that also united russia has dropped a little bit in approval ratings for the past couple of years so there is some work to be done to take the party through the parliamentary elections in december and then on to the presidential elections but really if you come on to the. it's at

least here in moscow and. most people will say. at this point he does he doesn't joy at three percent or so. higher approval rating. interesting day in russian politics and he said many thanks live in these the now in central moscow. where russian stock markets today private investors comments well i bet it's got more on that from a you tube of issues a business day for us you know what did this markets and well as news of russia's finance minister possibly living his post is of course news for the russian stock market something less he's regarded by many analysts as a so-called rock of stability in russia and many analysts are expecting that to be a major blow to russia's investment climate if he leaves so far we can say that the markets are losing ground the r.t.s. lost about one percent to negative so far and my six is getting one and

a half percent losing about one percent the south will have more market analysis in the business bulletin in about ten minutes ok looking forward to getting more from you on the market reaction you're in the studio a little bit later. the year is indeed as a working against the clock to set up an extensive rescue plan for the region to head off from plunging the global economy into a new recession would be idea now is to apparently boost the size of the euro zone bailout fund some two trillion a year that the i.m.f. warned it may not be able to help out the european economies need is a real city. hall from greece is staggering debt but analysts say default still on the cards greece has been hit by another wave of public protests against. the priority now is to prevent the so-called too big to fail countries such as spain being dragged down this guy as you can report that may lend the. i.m.s.

being accused of disproportionate policy towards 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 chunk of public assets at fire sale prices some have no choice but to cut dificid know the i.m.f. form ahead domenic stress collins said they're forcing greece to pay back its debts would on acceptably impoverished the country and that everyone must be willing to accept losses on greek debt but feel lancer p. has never been the i.m.f. so 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 buck. to the member principle and interest we're not in the business helps us 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 organisation's policy making it's been under fire for being biased in favor of its top shareholders one of the functions of the i.m.f. is crisis warning and prevention but when three years ago the financial crisis in the us was sending devastating shock waves throughout the world the organization proved completely redundant in the case of united they should have taken a much stronger position warning about the build up financial. to be. that write it up again and that hasn't completely dropped the ball and it must be able to monitor the rich. like united states as well as other countries it will only lose its credibility some experts see the intimacy between the i.m.f. and u.s. corporations as a matter of concern all of the big decisions at the i.m.f.

are made by the us treasury department well even the head of the world bank has accused the top advanced economies if you caucus 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 do what i say not what i do a do what i say not what i do world well fracture to the detriment of all. the old ways can in must change with the i may have swapped the as members themselves facing their own problems many 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 weaker economies 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 wall demands and i.m.f. that does not work solely for the benefit of the few i'm going to check out with forty four more parties. but in just a few minutes here on. too much of president bush seems no problem for obama we'll look into why america is kind. of nature off a supply bunker busters to tell of the stops and also. to protect the police get powers to blanket ban marches and deadlines this riot paranoia leads to a rollback in the heights it's question. from london and a few minutes. now we seem palestinians optimism over the un statehood bid a bit now they'll have to play the waiting game is the security council considers the proposal the organizations expected to study their request for several weeks. across the latest in new york for us. 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 house 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 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 at stake and that is why the obama administration worked tirelessly all last week

to try to convince the palestinian 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 the majority of u.n. members do 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 president mahmoud abbas said he will only return to the negotiation table if israel halts settlement construction and accept the nineteen sixty seven lines on 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 or. halted but building settlements

as a result of that president abbas said there is no point doing business as usual this has been a process that has lasted for nearly two decades 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 negotiation table within one month and then have everything settled within one year right now all eyes are on the u.n. to see if the palestinian bid for u.n. membership and statehood will and will and essence go through. and i would all the latest from new york with the u.n. security council is preparing to discuss the palestinian state two spades. as presence of allah struggles to contain the fallout from the palestinian bid reports of a must which claim these secretly approved the transfer of fifty five high tech bunker buster bombs to israel had apparently happened months after he took office that had earlier been rejected by president bush who feared israel would sell the technology

to china but historian william blum's that's for a bomb it's a way to secure a vital campaign fund. the u.s. has been giving israel all manner of. it's not great but a large europe i mean if you are a rational explanation that is not what he is. money in the us the last few years of working with your. and your human virgil's that's what. got your rationale here as. well as you want to go. now people in britain have long been able to march in protest but those voices are being silenced in parts of london for an entire month the government letting police a blanket ban on public gatherings in the capital and some is putting freedom of expression under threat. the view of workers activists

on the home office ban on marching is clear it's an attack on the basic democratic rights of working people 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 wants a bias past doesn't necessarily mean to say that march isn't going to happen it just means that the police more powers and that's 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. small fences or non-offensive 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 affected by the battle but 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 the band comes hot on the heels of widespread rioting in many english cities in august it also coincides. it's 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 unions from turning out to protest fierce cuts and patrick regan from the

workers' revolutionary party says it's just the tip of the iceberg to the talking about area curfews talk about shutting down facebook social network sites. talking about it or your civil war measures because what they're doing in britain is creating historic change which inevitably. the majority of the population will oppose them 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 process of a stir to push through by the government trade unions are one of the immutable opposed to the no public order legislation does tend to be used against striking

workers something that's been very clear. there's been some recent examples of people being pulled off the picket lines and not obviously we can see any resistance to. freedom of expression and dissociation 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 nor am it r.t. london. and more hard hitting news stories available around the clock at r.t. doctor. he's also being lined up for you right now in burton's estimation sort of. a whopping two point seven billion dollars. seven times more than the. pay is now once know exactly how much the military shining. i mean russians stage the digging

machine is the probe go on a major mission to dig around one of those names for the secrets of that soil. home headed for our you tube channel for more on this simple story and it's. it's easy to. go to. the official altie allocation tool on the phone. from the shops to. let you all chief law is on the go all. video. all

cheesemonger old culture. and history now in the palm of your. machine on the dot com. headways what else is happening around the wall they sound . in syria where the crowd down in front desk continues in the seventh month of us immigration demonstrations time have now begun bombarding the strategic opposition of all the west of the country injuring at least three people are going up and running and she's got seven hundred died and we are going to violence in backing president bush asa continues to there are terrorist groups with tales on answers to security forces off the top to the point. the first african woman to win the nobel peace prize has died while undergoing cancer treatment wangari maathai founded the green belt movement which is see millions of trees planted across the continent she also campaign food democracy human rights and of particular the

rights of women but i was elected as an m.p. in two thousand and two and said to the minister in the kenyan government she was seven people in. nato who says there will planes of hit several military targets of chemical daffy's hometown is libyan regime vices besieged the area still lies between the capital and the eastern city of benghazi both now held by the national transitional council and one of my stopping strongholds for gadhafi loyalists meanwhile a mass grave has been discovered in tripoli that's next to me release the two hundred bodies it's believed that the remains globes the inmates of death is top security place of the site of a mosque and munching on she said it's. one american has been killed and another injured in an attack at the cia compound in kabul an afghan employee of the u.s. government carried out the assault before being shot dead it's the latest in

a string of attacks on the capital taliban has been staged in the salt in the same districts she weeks ago leaving dozens dead and wounded and just days ago i used to laugh out president and keep peace to gacy is assassination in his head. and soon be lvalue his guest discuss the possible end of capitalism fast though the business of everything yeah. hello and very warm welcome to the business update here on our team and as we've been reporting president medvedev has told the finance minister to resign or support his policies to find out how the markets and russia reacted i'm now joined by our correspondent who's a p r t s stock exchange hello peter so what's going on in the markets. well when you hear rumors like this surrounding a character like alexi could that in there is going to be some form of reaction on

the markets both the the my sex on the r.t.s. dropped one percent after this ultimatum was issued by president made yet have to say to. him to get on board or to step aside. and actually could there is a highly respected financial figure both here in russia as well as abroad he's been doing the job of finance minister for eleven years now so highly experienced he's also credited as being one of those people that helped bring about financial state billet in russia following the dark days of the mid ninety's and his idea to set up a reserve fund for excess oil revenue meant that when the financial crisis hits in two thousand and eight russia was better prepared to deal with it if it hadn't had that fund and therefore it's bush itself the bush if it will look better than it would have done had that not been in place now in terms of how this announcement has affected the markets we have seen losses and gains on both m i six out of the

r.t.s. today however it's worth the stress that the current situation on the markets worldwide is so volatile it's hard to pinpoint that this was definitely to do with the announcement regarding mr could that in. the markets have closed here in russia the r.t.s. finishing up for the day in the my six just slipping into the. at the end of trading so it's really a wait and see game to see what will happen if this will be any more announcements about mr good enough this future will affect little kids in the future. ok peter all of us thank you very much behind his just brought us the latest market reaction on the news of a possible resignation of russia's finance minister who drank until we can now have a look at those figures the russian markets have closed makes a speech has just reported the r.t.s. ended flat to negative and the my six was split on the health percent just to have a look at some of the individual movers on the most energy majors and more on the

rise of gaining two and a whole percent burbank slipped into negative territory in the end of the trading session telecommunications giant telecom also turned into a run the company is listing twenty five percent of its preferred shares in london . stores have retreated from the games they saw in the first ten minutes of monday's session the sahwa in hopes that european leaders will come up with a new strategy to result the region's debt crisis they're now falling as left of knowledge as shares lower after an analyst said it's cutting orders for i pad parts . and european markets are banking stocks are rebounding although my mr team is to be under pressure to two week commodity prices silver and gold miner fresnel low is the biggest fall on the pan-european index dropping eight point four percent on lower precious metals. and oil prices the higher investors are speculating that

europe's soren debt crisis will cut fuel demand ample supplies brant plant is that over one hundred four dollars a barrel while light so he's discovering that seventy nine dollars per barrel. the insurgency in the financial markets has made cash king even the traditional safe haven assets gold is down fifteen percent from its recent peak at one point on monday and. i had lost one hundred dollars although it's since. my no it's not at eighty x. capital says it's nothing but a correction offer a significant rally. always seen recently with gold is a fantastic run to the upside is traded that are nine hundred dollars levels twice and as if the trade became increasingly overcrowded so you had individual investors and as well as individual investors larger trading houses investment banks and sovereign nations all piling into the same time and when they did it becomes that

it is very little supply left it would certainly demand left. column levels and therefore we saw you see a pullback in the in the price also exchanges of increase the margin required. deposit required to hold gold so there seems to be a short sharp sell off and is in line with what we're seeing elsewhere in the market. most log what capitol there are and that wraps up the business bulletin for more stories you can log on to a website or to dot com slash business. culture

is that so much i'm afraid we're going to make it a lot of people a variant of our look at is it time to rethink capitalism as we know it today should the world still rely on markets to generate wealth when the rich only get richer and. wealthy british style. is not on to the tide of the times with current. markets financed scandal find out what's really happening to the global economy for a no holds barred look at the global financial headline news joining to cause a report on our.

line. would be so much brighter if you knew about songs from phones to freshen some. news from stunts on t.v. don't come.

it's up us down here mosque a this is all that's needed was pulled out from the dead of inclusion into presidential plans as russia's lead to suggest the finance minister quits it's all telex he could but instead on sunday that he could not serve under in government if you meant the top seems to it's jobs out for the president. here is a need to scramble for an urgent rescue plan to stave off the giro collapse of a new wave of global recession pins out from one of g. phones excuse of not choosing countries equally as a prescribed more cots for europe while doing the earth is building. on the un's that most powerful one prepares the tool to save the palestinian statehood bid to which president mahmoud abbas hundred in last week to the u.s. the new thread i'll be blamed for stool and installing.