his leading player switch roles artie's in this and is across the latest. but 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 scam answer about that news him saying that he doesn't see himself working in images government obviously talking about him possibly becoming prime minister the president not happy about the comments they were making in the last one was there and a visit he calls them moderately inappropriate and this is what he had to say he sat down with 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. with. my opinions do differ from yours but on only take such

a decision after i've talked to the prime minister say those who are most upset with him 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 of and all if these differences do exist i see no other way than for you to resign although this would be an unpleasant outcome the body of work was still. very harsh words there from president medvedev as well exceed on the spot there is a fiscal position now is that what this means the fourth. year of politics no one can really say oh we're going to see some reaction force upon the markets and for all those that were saying everything we can see is that just politics are stacked and boring it might just be that they were very wrong the reaction has been a very makes here in russia and our process the flow out of course social media was just a buys a candidate if you look at twitter and lots of comments both positive and negative

. if we just go stateside in this 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 anti russian rhetoric and anti 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 she writes nothing to be cheerful about it's better to play ice hockey stick a stadium that of course is where the big announcement was made on the weekend and he goes on to write it's high time to switch to a sports travel with that said it's no secret that both john and medvedev but they're still cold and enjoy very nice here in russia putin as president is known bringing stability to the turbulent ninety's next to tell you that he is very much seen as a strong leader here in the country and that's part of this new time for you to and

made it on a ticket bringing united russia to the parliamentary elections in december and then on to the presidential election next. his course part of the tsunami there let's check out the know what impact his departure has had on the russian stock markets today a book of business desk are you here again well you got first this. has come though the official announcement about could reserve nation was meet after the markets close to it became clear by mid-afternoon that is going to leave his post and so. very bad news for the markets and we could see a negative reaction could response is expected by many analysts to be a major blow to russia's investment climate as mr goodman is highly respected by domestic and foreign business community so we can say that also many of the many investors considering question themselves who's going to be nuts and what's going to happen and also meet the market turmoil and in terms of the upcoming.

crisis and. 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 gained about one and a half percent what the my is it's was flat to negative but 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 about ten minutes time. fifteen. over the business that is over to see your culture 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 cuts but the priority now is to prevent the so-called too big to fail countries are talking italy and spain are being dragged down and is not is going to reports the global lender of the i.m.f. is being accused of disproportionate policy. the 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 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 a hand domenic stress can said they're forcing greece to pay back its debts would unacceptably 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.

strongpoint 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 principal 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 and 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 didn't get in the case of united they should have taken a much stronger position warning about the build up financial excess in the private economy. right out the gate and then the housing bubble completely dropped the ball

and be able to monitor the rich. 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 by 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 a few congress in their policies when countries with large fiscal deficits preach fiscal discipline to 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 will fracture to the detriment of all. they always can in must change with the i met some wealthy 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 for lending money to the world's weaker economies 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 more parties. but with cuts of more cuts supernovae only recipe coming from the i.m.f. a british david campbell bannerman told me people living in the eurozone won't take being forced into further austerity. but i think what's happening is democracy 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 is 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 it which is why this is all happening in the banking sector particularly is very interconnected i think french buying some particular very exposed to greek debt i think i've seen a figure of forty five percent of greek debt actually been due to french banks so there is concern about the knock on effects to those cranks in france and elsewhere and of course if it hits french banks it hits all the 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 obama 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 subsidies 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 there he went statehood bid but now they have to play the waiting game with the security council considers the proposal the organization is expected to study that requests for up to several weeks to port knives across the latest a 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's 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 all week so 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 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 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. 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 course quartet statement that allowed both parties to go back to the 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 in essence go through. that was what is more important with the latest there from new york where the u.n. security council is preparing to discuss the palestinian statehood bid. as president obama struggles to contain the fallout from the palestinian statehood bid reports of a merchant claim he secretly approved the transfer of fifty five high tech bunker buster bombs to israel that apparently months after he took office even though that early had been rejected by president bush to fit israel could sell the technology to china interesting story ted rolls on the line to talk about that he's a political satirist and columnist to join us on the lines from new orleans thanks ever so much ted for being on our to international i wanted the u.s. stand to gain from this deal. obviously it's just 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 bush 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 course the other angle to this i guessed had been speculation for a while as now they israel was a massive weapons like these possibly to use against iran i mean how much consideration would the u.s. given to these bombs being used for that purpose maybe well they probably wouldn't be useful to israel for any other purpose but the first bunker buster is a five thousand pound bomb that is 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. now the same exact bombs would you know what kind of application could they 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 with celebes deep underground and the only way to really access them would be using exactly the sort of weapon so. it's not speculation to ask where they're going to iran would be interested in would be would care about this transaction this is very much an escalation of the conflict between israel and iran the bush administration as i said just now a 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 going to republican counterparts and predecessors under president obama we've seen an escalation of a secret war in somalia and yemen we've also seen you know a new war in libya as we know and it still does still ongoing the nato mission continues and so overall the democrats are always worried about being attacked by the right not during presidential elections as weak on national defense by b. they tend to go overboard and go in the opposite extreme and it never does them any good they still get attacked as being weak on national defense anyway of course meshing all this said as well the palestinian bid for statehood and there's a clear rift between israel and the us what i will to make concessions to the

palestinians back in may then of course also is threatening a statehood veto right now while as we had in this story prior to giving military support the other side a lot of people say how far will washington go to do israel's bidding all play. well so far. it seems that there is very few limits that the united states is willing to cross that 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 is a training nation the size of new jersey and it has no oil wealth it has barely a strategic position and yet it's telling the soul the world's sole remaining superpower what to do and it just goes on and on i mean the un veto is going to be a tremendous embarrassment for a united states that claims to support equal rights and self-determination in the middle east but how can you possibly support steve good for the libyan rebels and

not statehood for palestine that's been waiting at least twenty years. we will keep you very very busy with your comments and your illustrations as well ted rall political satirist columnist north thanks for being on r.t. big. to britain now people they 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. lore 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 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 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 doses 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 bars 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 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 talking about area curfews 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 historic change in which inevitably. 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 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 stereotypical pushed through by the government trade unions are one of the major box opposed to that no public order legislation does tend to be used against striking workers i mean that's been very clear. there's been some recent examples of people being pulled off the picket lines. 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 your emmett's r.t. london. loyal more hard hitting news an exclusive stories of course around the clock dot com for most. page today why not do it already picked these two out for you might be interested in britain's estimated directable whopping two point seven billion dollars over libya that's seven times more than originally planned of angry taxpayers want to know exactly how much the military shelling out of us. or interest you head online tonight like more than five hundred million others have also made rushes at 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 a lot of 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 where make

a ridge changi took on chechen side terek that's to come but the big news of the day the sacking of the russian finance minister you are 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's finance minister that follows a disagreement with president medvedev sparked by cooter and publicly stating he would not work on de mint vet if in the next administration while christians resignation was announced after the markets had closed it became clear by mid afternoon could transposition was no longer tenable to all correspondent peter all of a brings us 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 that there was an ultimatum being issued from the president made yet of two khodr and to get on board

with medvedev policies or to tender his resignation then the both the my six and the r.t.s. dropped by one percentage point no alexy 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 fund became incredibly important in two thousand and eight when the global financial crisis hit the phone being in place meant that russia didn't suffer as badly as it perhaps would have done had that money not being there now the announcement of could that ins resignation came at the end of the business day here in russia the markets had 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 so the markets dealt with not. 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 vice and the r.t.s. but. 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 seeing the markets go up and go down though will be interesting to see old tuesday morning when markets here in moscow reopened if they'll be any further changes in if this the resignation of a legacy could you know will be the driving factor in making differences on the russian markets. and as artie's peter all of a has just been reporting the russian markets closed makes you can see the figures on the screen they are chance and flat to negative and the my sense was one and

a half percent. let's have a look at some of the individual share moves in the market six most energy majors were on the rise with a book well gaining two and a half percent burbank's leapt into the negative territory in the end of the trading session and telecom giant ross telecom also turned into red at this comes as the company is listing twenty five percent of us preferred shares in the london . and european markets have ended monday's dredges session in the black banking stocks were higher although miners were under pressure due to believe the commodity prices. the uncertainty in the financial markets has made cash king even the traditional safe haven asset gold is down fifteen percent from its recent peak at one point to monday it had lost one hundred dollars although it's since. at e.t.f. capital says us nothing but a correction after a significant rally. always seen recently with gold is

a fantastic run to the outside is try to do that nine hundred dollar levels twice and as it goes in 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 become that it is very little supply left although 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 so have time for novel stories you can log on to our website r t v dot com slash business.

more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are old today.

it's ten thirty pm monday the twenty sixth of september here in moscow thanks for being with us you're watching around the world this is our international and these are our top stories the first fallout from dmitri medvedev and putin presidential plans as russia's finance ministers be fired. after the treasury chief said on sunday that he could not under a new government if russia's leading tandem switch jobs at the kremlin. eurozone leaders scramble for a rescue plan to stave off the euro collapse and a new wave of global recession the international monetary fund's accused of not treating countries equally as it prescribes more cuts for europe while doing america's bidding. and the u.s. most powerful body prepares for talks over the palestinian statehood bid which president mahmoud abbas had been last week but the u.s. and israel are being blamed for stalling the.