retain. a very warm welcome to this is live from moscow all top story now russia's president has been explaining why he's not seeking a second term they need to stress that he. didn't have common goals and that putin's huge popularity among russians. should he return to the presidency next year may develop al blind his reasons in an extensive interview with russian media about how things. spoke about the upcoming race for the presidential seat explaining why he thinks prime minister putin is the best man for the job well first of all. in the country.

when it comes to. goals there's no such thing as power struggle and it's up to the people of this country who they want to see as their president regardless of what. things is best for the country. in that respect he emphasized that all the speculations about the presidential election of two thousand and twelve being a sealed deal here in russia are absolutely irresponsible and unacceptable. it's up to the citizens to elect and those are just words it's the truth any politician can lose an election along with his or her political party in our country's history as well as other countries that's what. anything can happen. let the citizens decide. it's our people who. are able to highlight the key points either by voting for a candidate or a party will by turning them down that's what democracy is about do you believe in . the recent discharge of the country's finance minister. calling it

a matter of political discipline just to remind you that shortly after prison you have suggested a push in the floor of the county's stalled job on the other side of the atlanta crushing finance minister speaking at a press conference in washington has said that he does not want to remain at his post with the new government to be just pointed out that solution must have been doing his job for way too long if he got so bored of it that he's making such irresponsible statements and making them abroad nonetheless he said with his professionalism and experience has been should have no trouble whatsoever finding another job and another way to serve his country. and we'll be bringing you the full version of that interview of course a minute four thirty pm g.m.t. . as a gentleman costs by now when the full stay away old journalist from the area near the barricades that was set up by serbs it's now encircled with barbed wire and the

airlines offices that promise to shoot to kill anyone trying to course time to cross that will allow our correspondent and if he had a chef ski joins me live now on the on the phone from the region and they say oh you see what's going on in the area. certainly i'm especially right now about seven hundred meters from the border between calls for and closer to a very large barricade which were created just recently under which sort of violent clashes on tuesday and they have been for the last several days here but this morning just a short while ago where more than a hundred k. four troops came over them pointed their weapons at the serbs who were barricaded in the checkpoint and told them that this was the border zone and that they needed to leave there were no fights no violence whatsoever and the serbs actually pulled back about five hundred meters from where they stood and very jaded that the bridge there are closer to the road which leads to the border for now thank you. it's the

same barricade it was just a little more further away but it seems come from now the case for forces are in full control of the area was. definitely the service which is standing here not really there would be a pretty violent mood and we could be seeing some more tension here before forces also pushed all the journalists away from the area and even the one of our colleagues crew left their car behind the case for line and they actually have to get permission to get their car back so the situation is definitely very tense here and we certainly see some more developments here in the near future and i say if they say peacekeepers are indeed trying to dismantle the barricades what consequence is couldn't bring but it's hard to say whether the barricades will actually be dismantled because this is this is not the only barricades around the region we have seen about six or seven manmade checkpoints on the sides of the local serbs on the way to the border so basically it is just looking for is they lost

a little battle but they not lost the war i think they will still continue holding their barricades all along the way in all the course of a blocking that's blocking the case for troops and the call for the police from entering the third part of this area the third part of northern cultural rights and they say many have survived the next day yet as she asked they're on the phone in northern cal survey. well coming up later this hour libby is a future cottage in uncertainty thousands of civilians leave from the vicious fighting between the national transitional council and gadhafi loyalists in the city of sirte we know where tension from the u.n. . on the shadow of an imminent u.s. veto hangs over the palestinian statehood bid at the u.n. security council as a yes vote looks all but certain. international inspectors are having trouble visiting key ministries in greece because angry workers all get behind them in their latest anti austerity protests the delegation are in athens to

decide whether greece is fit for another portion of the bailout a company last chance to evade a collapse later this month the decision was suspended over doubts of the country's doing enough to reduce its enormous debt leaders have pushed through pension cuts and extra taxes to try and please their credit says but the public remains convinced of the relentless austerity policies and making things worse the sarah first reports from athens. greece has been the poster child of the eurozone debt crisis with germany voting to expand the bailout fund the country looks like it's to get that much needed cash injection the help come with some conditions here in greece the people say the price that is being made to pay simply too high earning the. deadline day for the first to be hit with the greek government's new special tax it's one of the measures they put in place to try to secure the next tranche of money the country needs to avoid bankruptcy the extra tax which is about another

three percent for people. supposed to help plug some of the massive deficit in the budget left more than a year's salary cuts rises in living called the people here already at breaking point the last two years almost. at least thirty percent of his. era cost analysis from the opposition movement entitled pay he tells me how the meat mints expanded rapidly in recent months as more and more people hit that financial wall before the people. who were not paying because they wanted to protest against the situation know there are thousands and dozens of. peoples desperation has become increasingly evident on the streets of greece the violence is repeatedly pray can out between riot place protest as she states even

more clashes his parliament again feted in yet another measure in the fall of any property tax where organizing. to put goodies on there are. just for. kicks do not. many people in greece now question just here it is the thing control unfortunately very very early in euro zone are the bankers. bankers. shareholders. again and again and again are the. taxpayers in the euro zone despite germany having baited positively to expand the size and power of the european pan out to fund the ready critics are questioning whether that will be enough concise now turn to the many

challenges you still face if the problem will move from greece and will start touching european countries then the german banks. even germany. will be you know. will be affected find a solution today not just for greece but for all the european union countries with past measures failing to have the facts in this political leaders continue to struggle to convince the public to. still hangs in the balance these protests. continue many people hate it greece is a country now at risk of having not only a financial but it democratic deficit as well sir. outside the parliament building in athens. have a constant updates on what's happening in greece and across the euro. and it all

right put it all in context for you on a channel. hundreds of egyptians are gathering in cairo's main square to take part in a mass protest named we claim the revolution they feel let down by the transitional military council and want the current emergency rule to be lifted. pressuring a far more open election or something echoed by political parties threatened to

boycott november's parliamentary election anything our report happiness that's driving people back on to cairo streets. we knew that change would come to egypt a new chapter of freedom and democracy don't judge a book by its cover when reading post mubarak egypt it's between the lines where you'll find the new chapter hasn't been published ended or slightly revised we still have the supreme council of the on those. in. this country towards democracy barak may be gone but his policies are not that hosni mubarak's case is ongoing at this tribe you know new figures from human rights watch claims more civilians have been forced to face military trials the last six months some twelve thousand during the entire thirty year rule of

mubarak average civilians are giving to you know seven years in prison a lot of torture has occurred since. skaf has come into power. actor doesn't clown around when it comes to the supreme council or scoff he has taken part in protests since day one and still has scars from being detained because the books were much worse he said very long they told people they had to stick it humbly from its offer that's all shot to the study on the beach with bats on the head least only because i'm well nerd now most of that's leave the country for thirty years according to you know if i have to seek asylum at all stay and fight for freedom like mubarak skaf gets the support it needs to rule egypt from abroad and the aid that we get from the us that one point five billion a year the easier to seize from from the usa and most of it entirely goes to the

to the supreme court to the to the army you know the scout and while the west coast history books will change for the better the arab spring is a massive opportunity to spread peace prosperity democracy egypt sions are left reading the writing on the wall in many areas it's the same as before don't want to front some areas it's getting more worse and he's now i r t congress . meanwhile thousands of civilians a fleeing the city of sirte in libya as fighting between pro and anti kadafi forces that way to do with from the international committee of the red cross says with the city a critically short of food water and medicine the refugees have total choice but to head into the death it. these people who already that's very are making investors i'm sure you know them all know why did it got very game formation you got from

these people getting out. and i'm sure things that are in high spirits diesel supply is getting growing old there is no all turn on at the end they have a just so that's a story. we have been trying since the last week or so and does this a deal that is what i was assigned did not did not success. now there are a few places that you'll hear about the humanitarian crisis in sept and the remaining pockets of resistance in libya so content and from british civilians the peace in libya told us that because that plight isn't given enough media attention . malcolm x. once said that the media will teach you about your friends your enemies your enemies or your friends i think if empire learned from vietnam some lessons are you don't let the media have free access they definitely learn the lessons from the two thousand and three war of aggression against iraq that's make sure that there's no critical media that the media is on so i'd also add that they learned a lesson about make sure the media doesn't oppose the war make sure there's no prison no controlled things like abu ghraib or prison the controversies to make

sure none of the kind of factual humanitarian food out like iraq happened in libya through the media so i think this is the situation we face with the struggle is really on the media front my sources on the ground and i cross check my sources on the ground in libya tell me that bani walid is still a strong resistance against the pro nato forces and nato itself and also my my sources on the ground mention that a very important border town between two news in libya and algeria has been captured by gadhafi as a resistance a town called got and also good. between the algerian and libyan border is also surrounded by gadhafi as resistance against nato so really what we have in libya is a situation i came to afghanistan but the difference being is that gadhafi is arguably a lot more popular than the taliban's national resistance is and was in afghanistan . but as usual we always like to hear your opinion on things on our website while asking what you think about the current situation in egypt and libya and here with

the results us a phone call from they responded to all poll believe that all the campaign would have benefited the most while about a fake thank you for being ready to draw any conclusions they were named also played between the two options either being the democratic all feeling none of the revolution support positive results. to have your say. now twenty four hours a day is seven days a week web sites that you would update on all of our latest stories added much more clued in a lot more without a head. a russian rocket saw was in the skies from the baikonur cosmodrome carrying a major telecommunications satellite and out more from. a small city in russian far east than the someone living in fear. of protoplasm moves into the neighborhood people were at times when this is claimed one person it would be unlikely for the family which has to weigh read all about it and watch the

footage. now especially up missions committee of the un security council is to hold its first musing over the palestinian push that stated that was after nine members of the council promised to bank the bed well at this stage analysts believe america will try to stall the process to avoid vetoing the resolution among the international bodies in the bed is the european parliament which called the palestinian quest for statehood a legitimate target meanwhile israel has yet again the come under fire from much of the world community after approving more settlements on occupied palestinian territory a senior official told also that unconditional u.s. support and aid remained

a major factor behind israel's paid. the. start of the. talks which we did direct talks which we did indicted talks which we did. decided to end the freeze up settlements and what they're called to go to this issue has pushed the whole dogs and. even companies that. jewish settlements in the but as you know there is an obstacle to be used they are i'm not legitimate i'm so on we asked them to do the european union you know if the. israel is announcing the southern months and what are you going to do about it so i think this is the question for the entitlement community where israel is every every day violating green months by evaluating international legitimacy violating all. related to united nations the question is what is it that the international community is doing about it we hope that the international community does not go

into new to deal with the spoiled kid of the. european capitals of the palestinians are putting high hopes on the u.n. security council people about cross-talk later his guest puts the organizations credibility under scrutiny. if we would pose a hypothetical that tomorrow the united states or the united kingdom decide to go on a war and the united nations security council doesn't give that you know there's a russia or china or whoever vetoing that particular decision then they decide to step so the united nations and go to war regardless what can the united nations do in reality they can do absolutely nothing and that is where the problem is. i prefer. headlines this hour and yemen's ministry of defense did kill the u.s.

born terrorist mastermind while he was allegedly involved in a number of attacks on america including at the failed christmas day bombing in two thousand and nine allo lacking was said to be on the cia's priority target list and his death follows a number of failed assassination attempts by the u.s. army. filipino maids have won a landmark case in hong kong allowing us to apply for permanent residency it puts into question hong kong immigration policy which. exclude foreign mates from applying for residency even though all the foreigners can do so after seven years the rules accused of being discriminatory is that politicians are accused of a strain on housing and social services the government said it would appeal the ruling. thousand uses our hair r.t.f. business now with the yet to go away.

hello into our home welcome to the business update growing fears of a global recession are making investors pull their cash out of riskier emerging markets russia is no exception with economists saying that sixty billion dollars could flee the country this year this is also adding pressure on the ruble it's lost twelve percent against the dollar since the beginning of september well to shed some light chris with us from toy good dalek is here with me in the studio thanks for joining us chris so what's driving capital outflow domestic or global in that it's very much globally based there is a global risk phobia right now on the back of the threat of euro zone debt default which kind of steep plunge that region into a severe recession and even without that we're seeing evidence of slowing growth in the us and china we had some numbers today which indicated slowing growth there as well so there's a general concern that the world is slipping back towards a recession and under back of that investors are playing it safe they're avoiding

anything in the risk category and that includes pretty much all emerging market equities and currencies speaking about russia will push to run for president next year sure investors understand the capital outflow well first of all it puts some certainty on an uncertain situation so you know the old cliche markets hate uncertainty so we now have at least certainty as to what's going on but i think the more important issue will be you know exactly what sort of government. putin forms next year and what will be the priorities of that government and there has been a lot of concern in media and western media in particular that we were going to revert back to the sort of priorities and style of government we had previously i don't believe that's the case i don't think you know in any way to that's even possible it's quite clear to russia can no longer rely on ever rising oil revenues . to drive growth there needs to be

a new economic model people understand the government understands that and putin has said it many times as well saw we were yet to see exactly who will be in this government what shape it will be and what will be the priorities and that will then tell us what sort of investment market we can we can expect how will the resignation of the darling on for foreign investors i mean alexy could really affect russia's budget policy and its risks well again it all remains to be seen frankly and it's part of mention this change that we see is absolutely necessary anyway and we believe is coming so it's not just going to be about one person in one particular job it's going to be about you know the blend we get in government what will be the priorities of government and what will they you know what policies the economic policies that they will pursue you know frankly it's an impossible question to answer we do know for sure that elect seclusion was the right guy for the job over the last ten twelve years he's left the country in very good financial

shape we have a very good balance sheets and we're in an excellent position to both withstand a slowdown in the global economy and to pursue growth initiatives from from here so he's definitely done an excellent job and left russia in a good position to go forward it really depends on what the whole package is going to be after we see the next government and what's all this going to do with the rubble can we make any predictions. you have to tell me what you think is going to happen in greece you have to tell me what you think is going to happen in the us growth in chinese growth and therefore what the impact will be on risk phobia as it were and then you can start talking about where the ruble will be because it's all going to be driven has as has been the case driven by external events my sense is that what we're seeing seeing from europe now is more of an effort at least to fix the problem for now i think we might come back to this problem in its debt default next year but it looks like we might find some solution temporarily. and the us fed has already said that it will do what's necessary to try and sustain growth in the

us economy so i think we're pretty much at the bottom of the weakness in the ruble right now i would believe i would expect to see the ruble recover some of its losses over the next couple of months and i would expect it to end the year stronger than it is today for death absolutely predicated on no greek default and u.s. fed taking action to try and stimulate growth in that economy but chris a weaker but for russia given such and see all the global economy it's a real quandary for most emerging markets not just for russia on the one hand you don't want too strong a currency as was the case in two thousand and seven and park two thousand and eight because it attracts specters of capital inflow which drives up you know equity markets real estate markets and it's and drives up inflation so you know there was a real concern that russia was attracting too much specter of capital at that time on the other hand you don't want the currency to go too far the other direction because obviously you know

a weak ruble detracts from the you know long term investment attractions of the country and. therefore do not get to sort of investors to to need to build up the economy long term and whether it's in the agriculture industry or technology so it's always a tight balancing act in the ideal currency if you like for russia is probably around twenty eight or so against the dollar debts you know that's a good position for the ruble to be parked as it were in order to attract those long term capital without attracting too much speck of capital but you know it's it's a difficult targets to reach especially with so many global events actually dictating the order of play chris with a chief strategist a troika dodik thank you very much for your analysis and we still have time to the quick check on the markets oil prices the low of the sell light sweet is trading at eighty one dollars per barrel while brant just hovering at one hundred three dollars. there all the. european stocks are trading lower the foot so is over one

and a half the sub down while the german dax is two and a half percent in the right comic and luxury firms leading the falls shows and record dropped three point six percent in london mine isn't acknowledges stocks are all losing ground shares of u.k. chip designer are holding down three point four percent on german car maker b.m.w. fell full set. in russia stock saw in the red in mid day trading session it's the biggest quarterly truck for the my six and almost three years concern about the global expansion is faltering as part of the country's course produces. that's all we have time for now is join us for another business update in less than want to get more stores an analysis from our web site r t v dot com slash business.

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this is o.c. on developing story this hour now a shoot to kill policy was in full still on call civilians in the border with serbia as you might say disputed checkpoint correspondents trying to break through an information blackout the crossings fully controlled by the seized police backed by the alliance two weeks ago i. think that i'm in bed and said putin would have had the same goal should either of them stood for the presidency next year but at pigeons popularity among russians makes him the better candidate he's explained why he withdrew from the race in an interview to russian media.