so i can r t russia's finance minister has been sacked the first fallout from the bed of the potence presidential plans of the comments over the potential predator job swap. the dash for cash of the eurozone as leaders scramble for emergency rescue plan the stable for another global that while the international monetary fund's accuse of not treating countries equally. on the un's most powerful body prepares for talks over the palestinian statehood bid for the u.s. and israel a big blame for stalling his story. we're

going to be watching from moscow live with me kevin owen it's now ten pm here in our top story russia's finance minister's been fired president medvedev dismissed alexei kudrin after he said he couldn't work in a possible government where russia's leading player switched roles parties in this and now is across the latest. well it all started with the weekend's big news that lady mayor putin will in fact be running for president in twenty twelve and you'd like president medvedev to go on to become his prime minister of finance minister former i think you could say now of course finance minister alexei kudrin some comments about that news him saying that he doesn't see himself working in images governments obviously talking about him possibly becoming prime minister the president not happy about the comments they were making in the last time i was there and visit he calls them utterly inappropriate and this is what he say he sucked out. yes that was 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. in your words of courage just my opinions do differ from yours but only take such a decision after our talk to the prime minister. of you know who most of those there were 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're talking about and all if these differences do exist i see no other way than for you to resign although this would be an unpleasant outcome it was your with the very harsh words there from president medvedev as he could tell it on the spot there is a missile the position now is that what this means our. tour of politics no one can really say oh we're going to see some reaction force upon the markets from those that were saying that we can see is that possible politics are stacked. i

might just be that they were very reaction has been a very mixed here in russia and our costs that go out of course social media was a surprise to me and say if you look at twitter and positive comments both positive and negative. if we just go stateside at least not very unexpected western media really body and their criticism about russia and its democracy i just want to take you through one of the tweets that was written by a u.s. senator john mccain known for his hands the russian rhetoric by nancy putin in specific rhetoric saying surprise surprise shocking news which it is running for president again in the back here in moscow the presidential aide to madrid you are party to a quote which he writes nothing to be cheerful about it's better to play ice hockey stick a stadium but of course the big announcement was made on the weekend and he goes on to write it's high time to switch to a sports channel now with that said it's no secret that both she and many bedded in

their so-called and enjoy very nice to hear and should do to as president is known bring stability to. be like he's next he tell you that he's very much see as a strong leader here in the country and that's part of this new region and it is on the ticket bringing united russia to the parliamentary elections in december and then on to the presidential election next. of his course part of this an hour there let's check out the no water impact his departure as head of the russian stock market today a book of business desk are you here again well you got first. though the official announcements about twitter's resignation was made after the markets closed it became clear by meat afternoon that could risk going to leave his post and so. very bad news for the markets and we can see a negative reaction could response is expected by many analysts to be a major blow to russia's investment climate as mr cushman is highly respected by

domestic and foreign business community so we can see there are also many of the many investors considering question themselves who's going to be next and what's going to happen and also the market turmoil and in terms of the upcoming. crisis and. questions all. so known for steering russia through the two thousand and eight financial crisis among his credits so we can say that the markets are reacting negatively to the news and. it came in about one and a half percent what the my sense was flights negative we can see more market reaction as the more there is they reopen on tuesday and we're going to bring you more in our business bulletin of ten minutes time. fifteen. over the over to see you in just a short while. more news now eurozone leaders are 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 the idea now is to apparently boost the size of the eurozone bailout fund the two trillion euros therefore it may not be able to help out the big european economies leaders are also planning to write off half of greece's staggering debt but analysts say the default is still on the cards for greece meantime the country's been hit by another wave of public protests against public put a priority now is to prevent the so-called too big to fail countries to talk to you . for being dragged and is not is going to reports the global lender is being accused of disproportionate policy. the leadership has changed but the methods have not for a desperate economy the i.m.f. still offers the same bitter medicine of corney and budget belt tightening greece is pushed 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 new choice but to cut

dificid know the i.m.f. former head dominique strauss kahn said there forcing greece to p. back its debts would unacceptably impoverished the country and that everyone must be willing to accept losses on greek debt but philanthropy has never been the i.m.f. strongpoint it's an institution where my main shareholder is the united states of america well any dollar any euro but is invested in the fond goods buck. 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 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 intervention but when three years ago the financial crisis in the us was sending devastating shock waves throughout the lord the organisation proved

completely redundant in the case of united. in a much stronger position warning about the build up. in the. well and. able to monitor. it well. it was that it delivered some experts see the intimacy between the i.m.f. and us corporations as a matter of concern to all of the big decisions that are made by the us 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 the poor countries what are they really saying to 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 will fracture to the detriment of all. the old ways here in must change with the i.m.f. swarthy its 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 recur tani's the i.m.f. the still facing the challenge of offering viable solutions that can not come with crippling measures the 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. but with cuts of more cuts soon will be only recipe coming from the i.m.f. and british u.m.p. david campbell burnham and told the people living in the eurozone won't take playing forced into further austerity. but i think what's happening is the marcus is reasserting itself a lot of countries are saying no you're getting real trouble on the streets of

greece the cia actually prophesies that agree a military government in greece is a possibility god forbid. there are serious political movements in spain amongst young people in italy i think the democratic price of yet more as there are potentially too great and that actually takes us really to the edge when it comes to the euro is a very serious situation this is the a move in the right direction to stabilize things but the moccasin may just not have it the world is very interconnected which is why this is all happening in the banking sector particularly is very interconnected i think french brains in particular are very exposed to greek i think i've seen a figure of forty five percent of greek actually being due to french banks so there is concern about the knock on effects to those banks in france and elsewhere and of course it hits french banks it's all part banks around the world we're very

interconnected and so yes there is real concern here in a few minutes on this channel r.t. from moscow arming israel what proved too much for president bush it seems was no problem for a partner as we report we look into why america's current leader had no trouble signing off a supply of bunker busters to tell of the surfaces also. to protect and to subdue british police powers to blanket ban marches and demos as riot paranoia leads to a rollback in the rights of expression r.t. reports from london in a few. witness palestinians optimism over their statehood bid but now they'll have to play the waiting game with the security council considers the proposal the organizations expected to study that request for up to several weeks now is across the latest new york. 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 and we do know that there are six security council members that have already thrown their weight behind a 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 yield 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 last week to try to convince the public to be a 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. sign to nonmember observer status and that would allow palestine to join and participate in 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 pre nineteen 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 it has not stopped or. building settlements as a result of that our president 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 course quartet statement that allowed both parties to go back to negotiations 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 see what will and will in essence go through that was what is more important with all latest there from new york where the u.n. security council is preparing for discuss the palestinian statehood bid. as president obama struggles to contain the fallout from the palestinian statehood bid reports of a merger to claim he secretly approved the transfer of fifty five high tech bunker buster bombs to israel that apparently took office even though they really have been projected by president bush to fit israel could solar technology to china interesting story tread rolls and all the while to talk about that he's a political satirist i'm calling mr joyce of the loans from new orleans thanks ever

so much for being on r.t. international and what did the u.s. stand to gain from this deal. obviously it's just a part of the continuing relationship between the united states and israel which is probably the number one recipient of what is called u.s. and foreign aid which mostly takes the form of military sales in this particular sale originated in two thousand and five when the bush administration initially approved it but it had been on hold throughout the push years and. it was only in the early years of the obama administration in the first few months that the actual shipment was approved so this has been in the works but it might not have ever occurred under bush because the other angle to this i cast had been speculation for a while isn't it a israel was a massive weapons like this possibly to use against a rat i mean i wish consideration would the us a given to these bombs being used

for maybe. well they probably wouldn't be useful to israel for any other purpose to fight the bunker busters a five thousand pound bomb that he's only used in order to penetrate deep deep fortified positions so for instance they were used quite extensively during the battle of tora bora in the closing days of the initial u.s. invasion of afghanistan and western pakistan in two thousand and one two thousand and two. the same exact bombs you know what kind of application could it possibly have for an israel seeking to defend its borders from a potentially hostile syria for example not very many syria doesn't have those kind of deeply fortified positions but iran does keep it is said to keep its nuclear research facilities deep underground and the only way to really access them would be using exactly this sort of weapon so here it's not speculation to ask where they're going ron we'd be interested in you know we care about this transaction

this is very much an escalation of the conflict between israel and iran the bush administration has a. just now a it staff party didn't trust israel enough to not sell this technology to china if that was the case that what's so different now. well what's so different now is that the obama administration seems like so many democratic administrations to be willing to bend over backwards to look even more militaristic emitter publican counterparts and predecessors under president obama we've seen an escalation of secret war in somalia and yemen we've also seen a new war in libya as we know and it's still that still on going to need a mission continues and it's too over all the democrats are always worried about being attacked by the right during presidential elections as a unique on national defense by b.

they tend to go overboard in the opposite extreme and it never does them any good they still could attract has been weak on national defense anyway of course meshing all this said as well with the palestinian bid for statehood and there's a clear rift between israel and the us what about his relative make concessions to the palestinians back in may then of course also threatening a state of veto right now while as we hear in this story apparently giving military support the other side lot of people say how far will washington go to do israel's bidding up there. well so far it's it so it seems that there is very few limits that the united states since willing to cross in order to support israel at any cost you have to almost wonder how it is that the tail wags the dog in this respect israel's a training mission the size of new jersey and it has a new oil wealth has barely a strategic position and yet it's telling you sold the world's sole remaining superpower work to do just that is only money that the u.n.

veto is going to be a tremendous embarrassment for united states who claims to support equal rights and . germination in the middle east but how can you possibly support steve good for the libyan rebels and not statehood for palestine we use twenty years we'll keep you very very busy with your comments and your illustrations as well ted rall political satirist columnist and author thanks for being on r.t. did you go. to britain now people there have long been able to march in protest but those voices are being silenced in parts of london for an entire month the government's letting police slap a blanket ban on public gatherings in some areas now for some it's putting freedom of expression of course on the. floor emmott found out in london. the view of workers activists on the home office ban on marching is clear it's an attack on the racial demographic 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 most lives in the country but instead of banning one march one day the home office banned all marches in six pyros for an entire month activist richard seymour sees a wider motive once again as pastors in a certain way so that more physical means that the police more powers and that's a part of the wider problem that restricted construction of police of a right to pen in. a restroom very very. small 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 baros affected by the current but if as many fear the government extend 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 band 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 unions from turning out to protest fierce cuts and patrick. reagan from the workers revolutionary party says it's just the tip of the iceberg to the bacteria curfews that talk about shutting down facebook social network sites they're talking about

it or your civil war measures because what they're doing in britain is creating a historic change which inevitably. a majority of the population will oppose and 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 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 pushed through by the government trade unions are one thing neutral books opposed to no public order the exclusion does tend to be used to construct something that's very clear. there's been some recent examples of all of it like it's not always thing we can setting resistance to cuts freedom of expression and association 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 emmett's r.t. london. news exclusive stories of calls around the clock to dot com for most. page today why not do it already or picked these two out for you might be interested in britain's estimated to read some of what big to point seven billion dollars over libya that's seven times more than originally planned and we taxpayers want to know exactly how much the military shelling out of tough. story interests you head online tonight more than five hundred million others have also made rushes that state of the art mars probe there it is its space ship will go on a major mission to dig into a marsh should move to reveal the secrets of its soil the details r.t.

dot com and also of course we'll have our best videos as well on our you tube channel. looking ahead sports here in twenty minutes time kate's got news of the result from a big football game in southern russia will make a ridge charge we took on chechen side terek that's the car but the big news of the day the sacking of the russian finance minister you. assessing how that's affected the markets next. hello and a very warm welcome to the business update and as we've been reporting alexa could ring has resigned as russia signed as minister that follows a disagreement with president medvedev sparked by cooper and publicly stating he would not work on time and vet if in the next administration christians resignation was announced after the markets had closed it became clear by mid afternoon could transposition was no longer tenable correspondent peter all of appraisals the market's reaction. when somebody who's as big

a player as alexey could today intend is there resignation the effects will inevitably be felt on the markets when that announcement was made there was an ultimatum be issued from the president made you have to cogent to get on board with may get its policies or to tender his resignation then the both the my six and the r.t.s. dropped by one percentage point now if you couldn't is a highly respected figure in the financial world not just here in russia but also internationally he was credited with being one of the people to bring financial stability back to russia following the dark days of the mid ninety's. you know he's also one of those people credited with setting up a a reserve fund an oil reserve fund where excess oil revenue would be stored now that reserve became incredibly important in two thousand and eight when the global financial crisis hit the phone being in place russia didn't suffer as badly as it

perhaps would have good had that money not being there the announcement of could ins resignation came at the end of the business day here in russia the market already closed but from mid afternoon it had been pretty confident that his position was untenable untenable and that he would be leaving the post of the markets dealt with not. for a couple of hours before close with pretty much the knowledge that this was going to happen we did see some sales taking place on both the buy six and the r.t.s. but. it due to the volatile nature of the international markets at the moment it is very difficult to to say for sure what is the driving forces when it comes to see the market go up and go down. will be interesting to see old tuesday morning when markets here in moscow reopen and if they'll be any further changes in if this the resignation of all of the legs you could bring will be the driving first day in the

making differences on the russian markets. and as our viewers peter all of us has just been reporting the russian markets closed mix there you can see the figures on the screen the arch has ended flat to negative and the mice it's was one and a half cents. that's a look at some of the individual share moves in the minus six most energy majors were on the rise with the quote gaining two and a half percent find slipped into the negative territory in the end of the trading session and telecom giant lost telecom also trying to read. the company's listing twenty five percent of us preferred shares in london. and european markets ended monday's dredges session in the blood banking stocks were higher all the miners were under pressure due to brief the commodity prices. the uncertainty in the financial markets has made cash king even the traditional safe haven the last of gold is down fifteen percent from its recent speak at one point

on monday it had lost one hundred dollars although it's since. at capital says it's nothing but a correctional significant rally. always seen recently when gold is a fantastic run to the outside destroy do that nine hundred dollar levels twice as it got in there didn't 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 he'd become so that it is very little supply left those only demand left. column levels and therefore we saw you see a pullback in the in the price also exchanges have increased their margin required did the initial 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 markets so i have time for now more stories you can log on to our website our top

com slash. more news today violence is once again flared up. these are the images killed.