coming to live from moscow and here marina joshie welcome to the program all the political and economic heavyweights of the pacific rim are meeting under hawaii's tropical sun for the annual apec form the summit is touching on everything from establishing a pacific wide free trade zone to perhaps inevitably the eurozone crisis and it's given the presidents of russia and the u.s. a chance to hold talks. and has more from honolulu. the apec summit of course as we know gathers twenty one economies that make up the asia pacific riza region and this is where leaders take the opportunity to focus on all sorts of ways to boost trade between the countries they work out ways to make investments easier to improve the investment climate to make the economic ties more productive and this is certainly been the focus this time around as well but of course it's been hard this year for leaders to avoid the european financial crisis because this is something that's looming over the world economy something that's been very hard to avoid because it impacts all of the countries that are certainly

not just europe there have been dozens of protesters here in honolulu gathering for their own anti apec meeting if you will and they have been protesting everything from open and free trade to globalization the protesters have been seen as sort of a continuation of protests going on throughout the united states of the world the so-called occupy wall street movement and the similar issues were addressed at those rallies here in honolulu earlier today in terms of agreements one of the highlights of the day has been of course the bilateral meeting between the russian president dmitry medvedev and u.s. president barack obama during these talks they discussed very important issues that are not relevant just to russia in the united states but really most of the international community one of those issues of course is the missile defense plans of the united states as we know russia and nato agreed to work jointly on the european missile defense project in lisbon in two thousand and ten those talks however did come to sort of stalled because the united states was refusing to

provide russia with legal guarantees that those projects would not cause a threat to security to russia and this is a fundamental issue for russia and at these talks the two presidents today did say again that those issues still exist but they're going to continue working on missile defense together and try to work those issues out now another important aspect of course of today's talks was russia's future of the world trade organization because as we. no russia has been interested then being part of the group since ninety three and it has plans and it looks like russia will be joining the becoming a full fledged member of the world trade organization by the summer of twenty twelve and a very important element took place today the us president barack obama said that he would start working with the u.s. congress to try to call off the jacksons batek amendment this is something that's been a major issue between russia and the u.s. because this is a clause that was put in place by the u.s. congress back in one nine hundred seventy three and even though it has been under

moratorium it's definitely been causing a little friction between russia and the u.s. when it comes to trade between the two countries now getting rid of this amendment is something that certainly could really improve trade relations not just for russia in the united states but the international community working with the countries to sell russia's access to the w t l was central to discussions on the last day of the apec summit after almost twenty years of thorny negotiations a geneva commission finalized terms for a long awaited membership. looks at what will change in russia's economy once and finally joins the club. for the person on the street w. membership will not be just something they'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of unfortunate goods drop and domestic companies also grow quicker with foreign markets opening up. for workers of this much allure company it all looks

like a win win situation their most recent project is the north stream pipeline should they enter international markets they'll face very little competition. and this is raw say much the largest plant in russia's south producing harvested rushers. for months ahead and workers who can spot it. but the head of the company has a rather different outlook to that of the w t o cheerleaders with. gas will be in demand even without entering the job. and we culture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most up here with. the traveled more to john up the vase was rescued from the brink of death in the economic crisis of two thousand and eight by prime minister putin with more than

one billion dollars in loans cash and guarantees. that is the government's favorite child but not all car makers in russia are as cherished this used to be a thriving. open the 1930's most successful years what the fifty's and sixty's when hundreds of thousands of my screech chorus flooded the soviet and foreign markets after the collapse of the soviet union creature was in desperate need of money but the government could not have or to a loss making copper and must creature. crossed out. the only way to avoid the collapse of yet and now the industrial john c. is to use the transition period of joining the w y z firstly entry to the w. doesn't mean you instantly have to drop all timers and comply straight away the transit so-called transition period roughly seven. protectionist measures will

apply for a number of sensitive industries which employ millions of people such as a group called timber and calm but at a certain point the state's industrial dependents will have to live. and work on their own to feed in the world outside but that should be a somewhat easier place to do business with a reduction of customs tariffs and trade barriers to a more level playing field across international markets. aren't. coming up later in the program hating out of the wheel of the north stream pipeline is turning to starting the flow of russian gas straight to the e.u. market. and now all of the billionaires to russian tycoons take their quarrel to a london court and unveil some dark secrets from the past.

so it's the end of an era and italy as the country's controversial and charismatic prime minister silvio berlusconi steps down that's after the lower house of parliament gave its final approval to a vast new austerity package which was a precondition for his resignation the p.m.'s seed though won't remain vacant for along with former official mario monti looking to take over the public reaction so far has been mixed with some celebrating their lives coney's fall while others are wary of the future of our correspondent in italy sarah ferguson explains. that a stairs he'll finally say oh it's silvio berlusconi's fate and he. down as prime minister of the country now for better or worse he was certainly a character and it's going to be a massive change now that he's resigned from the post optimism certainly for the future but what the future will be right now remains uncertain is that a caretaker government is going to be put in place the man is being paid for the top spot is very well respected economists here in the country mary months say he's

the former commissioner he's a euro crowd he knows the system inside and out a good ling's of brussels there's certainly a question mark over whether he's going to have the democratic legitimacy that is needed to gain public support of course or an unelected government taking the reins does raise a lot of questions these are just the initial steps and was is a short term measure certainly going to go some way to standing that panic that we saw at the beginning of the week and to calming somewhat the fear that it's the was literally about to be sucked into that spiral that we've seen countries like greece be sucked in but of course short term measures only last so long you're going to really now need to look at whether whatever government now follows is going to be able to put in place long term sustainable measures to get the country out of the crisis situation that it's found itself in those in the virally speaking to people in the town there who were holding

a protest one of the measures that they were protesting with government spending a waste of taxpayers' money and really what they were saying was very clear is that whatever happens now and whoever takes power is that the really going to want to see their politicians and those people in charge leading by example and of course they simply haven't seen that under berlusconi especially in the last couple of years the country has been suffering under economic social and political stagnation and kickstarting that is going to be a major challenge and a big part of that is going to be regaining public trust and the credibility that's been lost in recent times because without the public support these reforms a simply not going to work. so far as reporting there and now there embattled country greece has received a new coalition cabinet and prime minister after the previous premier george papa joe was forced to quit over his handling of the debt crisis the new pm locust pub

adamus who is a former vice president of the european central bank says the priority will be to keep greece in the euro zone but a new coalition government will also have to secure a fresh portion of an e.u. bailout otherwise athens warns it will go bankrupt within weeks. western europeans can be more at ease this winter with an uninterrupted flow of russian gas to keep them warm the north stream pipeline will pump fuel along the baltic sea floor and straight to e.u. customers without relying on transit countries like ukraine and belarus bushell watched as president medvedev and european partners went with the flow in germany. the wheel of fortune turns in europe's favor your leaders hailed russia's first ever route that skirts tricky transit nations bill routes and ukraine with the gas rich middle east also on stable energy chief say the project's a boon in several ways nothing brings admission and i think that's.

a very important admission and security often for with good and he's there we traveled the world. he said in a tough secure way through every ascension but the security comes with a hefty price tag the project cost some eight billion euro in fact nordstrom operate together was told by many top ten lists that the world's longest subsidy just route was doomed to failure this is a pipeline they said couldn't be built it's too long too expensive and take they said it was impossible that it's happened think experts is down to russian engineering brilliance. with technical. design off the pipeline which is i think the best pipeline we have. guests from what about nordstrom's first line has started successfully and the second goes operational in

twenty twelve together they can heat twenty six million homes a year but more is needed gas use has jumped even through the current e.u. debt crisis and supply can't keep up with predicted demand gazprom given the strongest him so far the third line could also be built though mean that they fall at all the capacity of existing against your show by plenty still not enough expansion or notice that it will be discussed it is so thin some even call this project the first step that could take russia into the e.u. single market there are those who hold nord stream will make the two sides friendly . we are trying to bring russia closer to europe integrate europe and russia into a common energy space and there for this space will be successful that we can think about creating. economic space free trade zone as the first guest began to flow through. the next few months. really the still to renew

between the e.u. woodrow show or just a little point dream. in germany. wired to r.t. dot com for more stories an eye catching videos and here's a taste of what's online right now the daily bloodshed in the kashmir conflict ruled by india by claim by neighboring pakistan is leaving the women as the silent . male dominated society. russia's black sea coast is attracting thousands of thrill seekers to ride the waves with surfing becoming increasingly popular in the country from or had to r.t. dot com. for you an atomic watchdog has released satellite images and letters this week that it says backs up its reports suggesting iran is secretly developing nuclear weapons and u.s. secretary of state hillary clinton has called on tehran to answer the questions the report poses claiming it has

a long history of deception by iran's chief and voice to the i dismissed the agency's finding saying the material was fabricated by the us and is at its allies he told r.t. that his country is ass transparent as any can be dismissing the latest reports as politicized. not. with political motivation and under political pressure by the us and couple of the western countries this report has fifteen pages of the allegations and the materials which were handed over on. sweet saying that companies should read the temp pages of the report of director general which says that all activities including a retirement are continuously on their inspection the only second part which is the n.a.s. is about the american allegation the important thing is that we are party to n.p.t. all activities are on their. even.

short analyses fiction this is great and we go invited deputy director john by to even visit the. richmond can you give me any example that any respect or being permitted to any. and the other part of the war. he you police are investigating ethnic clashes in northern ca so after a serb man died and two others who were injured in attacks late on wednesday it comes as nato ok for peacekeepers fired tear gas and ethnic serbs while trying to seize one of the or barricades set off months ago in an ongoing dispute on a sort of casa border the un secretary general says the tension has been caused by casillas attempts to expand its control over. the serb dominated area here she asked me to delve deeper into the causes behind the resistance. that.

perhaps not in the venue for a wedding but this serbian couple living in northern course will decided to get married at the barricades and. we're going to be others here and there were two who would invent. this sort of barricades in northern kosovo have been standing for several months now for those who built them there are just a part of everyday life not only have the kosovo serbs isolated themselves from the case. but also from their own wanted neighbors this is the famous bridge which splits the town. being an albanian parts it was called the bridge of friendship it was meant to symbolize that the two can easily live together but the size of the barricades on the serbian part tells the whole story of how serbs are unwilling to be part of the self-proclaimed state while the cemented barricades in the middle of it so have become the town's main gathering spot tensions are still running high

just a few kilometers. for every sand off the gold the quay for troops managed to demolish serbs built two hundred miles there are times when the two pro sisters take place and all ten years sleep. on our. alibi and. people like you see. the. serbs say they have no choice but to continue barricading themselves in they believe albanians would not hesitate to wipe them off their land forcefully help they believe by k. four troops despite constant clashes with a nato contingent and political pressure from belgrade because of the serbs have become accustomed to living this cage they have built for themselves. it was hard at first when we run out of food and petrol but we serbs are people who are used to improvising in finding a way out we've built alternative routes through the mountains so now we can again

receive supplies we prevented a humanitarian catastrophe when you pull away mccord the orthodox priest of the town's brand new temple sat he has never been busier with all the people flocking in lately to pray for the well being of their families it is thought is not morbid or the close of all his indifferent hard times it's even been ok my bad turkey ones but series with stude old heart tests of times and everyone and made sure of it so nice this land is the cradle of the serb culture and statehood. another deadlock in this balkan melting pot continues vogue. rate is still unwilling to resume negotiations with pristina which could do this standoff but while politicians clash this sort of family has little trust in diplomacy their kids may be too young to realize what it's all about and why they are being shown the barriers but there is little doubt world views they will inherit once they grow up.

reporting from course. in kosovo. so had for you the sour and unwelcome return a russian pro with tons of highly toxic fuel on board crashed back to earth scientists don't manage to regain control of the details in just a few moments. a british court is the setting for two of russia's richest to battle it out and it's now small claims six and a half billion dollars is at stake. once the cash from ramana. accusing the chelsea football club owner of robbing him as our man of reports that means britons are getting a rare glimpse into the life of a low profile billionaire. it's been dubbed the battle of the oligarchs in one corner is mr a estimated well fifteen billion assets for your a football club and a french chateau in the other corner mr p. estimated fortune five hundred million he had to sell his yacht but he does still

have his trusty stretch my back which he never fails to show off from an album overages rise to riches is a story precious few knew until now his time in the witness stand has lifted the lid on a life in the shadows he revealed how some of his companies employed primarily disabled staff landing lucrative thirty percent tax breaks and he came clean on the piles of cash he paid for protection as he dived into the infamous allegheny and walls of the ninety's where we now know someone was murdered every three days not exactly the clean cut image and one of britain's most loved foreign imports he did want to i think it was in the moment you know the only difference between a rotten p.r. and here his p.r. has been very good presents a very billowy an image that he doesn't really come across aggressively that we say anything at all he wants to go respectable and suddenly we're all waiting of the rather sort of see the origins of his wealth it's

a third of that wealth that he claims is he's still a wanted man in russia he's suing mr and promote it for six and a half billion dollars they set up the oil company sit next to gether in the ninety's just about as he claims he was blackmailed into selling his stake a fraction of its true worth a mere one point two million dollars the money here is massive the case is expected to smash the record for the u.k.'s most expensive privately funded litigation is thought to be costing eighty dollars a second in here as for the legal fees mr rich is rumored to be sixteen million dollars but there is also lawyers have their work cut out there on a no win no fee basis the pair used to be close miss to be. he gave his protege the all important leg up into the world of the super rich and we now know he was paid for his troubles but mr a says that was just protection money knowing they were ever business partners it's not play in this case right so there's no concrete

evidence after all this was ninety's russia none of their deals were written down five weeks in and i've counted the cost of nine billion is five russian one cause. all israeli one british the crown prince of abu dhabi is suddenly involved for transferring one point three billion dollars from one to the other not to mention future strange deals because of many things that maybe never happened the whole thing's extraordinarily bizarre you try and place the whole thing together which becomes another difficult task because you don't know how much of this is even anyway true according to mr pease lawyers mr a has hidden his billions in a complex web of shore holdings so even if mr b. does win he'll have a difficult task extracting any money with so much at stake it's painstaking progress the battles expected to go on into the new year after bennett. now let's take a look at some other stories from around the world iran has been rocked by

a powerful explosion at an ammunition depo west of the capital tehran at least seventeen people were killed and over a dozen wounded two consecutive blast ripped through the side shattering windows in nearby buildings and munitions facility supply is the country's revolutionary guard explosions were said to be accidental but be exact cause remains unclear at. the crippled fukushima nuclear plant in japan has opened its doors to journalists for the first time in eight months reporters had to wear for way protective clothing before being allowed in a plant suffered a series of meltdowns and explosions after being diluted by devastating tsunami in march caused by an earthquake hundreds of square miles of the surrounding area were turned into no man's. land. the first happy snows are causing misery for thousands left homeless by two recent earthquakes in eastern turkey the latest on wednesday claimed the lives of over thirty people bringing the combined number of

dead to six hundred forty man more have been left living in tents in the open air among the victims this week where the japanese aid worker and two turkish journalists. russian space experts are battling to fix a technical failure on board an interplanetary station that was heading to the martian moon phobos the aim of the probe was to get a better knowledge of how the universe evolved but there are a few years the vehicle could crash back to earth having never reached its goal or just on darkness at the baikonur launch station for us. hopes were high when the phobos rocket was launched from the cosmodrome here in baikonur in kazakstan it was the first interplanetary mission russia hug launched in fifteen years and there was great hopes that it would help to reveal secrets about the red planet and about how life evolved those hopes have since turned to fears of a potential catastrophe the stage of the rocket went ok it went off into the overt

of earth but then problems started the second stage was supposed to commence with the cruise rockets firing that would carry the phobos spacecraft on its ten month voyage to the red planet they didn't fire what does this all mean now then it means that far from going to the red planet phobos is most likely heading right back down to earth it's likely that it will happen about the end of november beginning of december the predicted date given at the moment is the twenty sixth of november as earth's gravitational field slowly pulls the spacecraft back into the atmosphere the upper atmosphere is very turbulent and that was going to throw the rocket around as it comes back but eventually it's going to have to land somewhere the hopes are that it will land somewhere in the sea the rocket is carrying about ten tons of very toxic and highly flammable fuel and there's also

a small amount of radioactive material in the equipment on board the chances of it landing on a populated area of very small and the chances that it will cause any harm but the chance is there and that's what experts at mission control are trying to avoid. tom barton reporting there well be back with a recap of the week's top stories in just a few moments to stay with us.

right to clean up ghost town. squander money. what is no. more lou sixty square kilometers of the mistakes and those who are still supervising lives and finding we're just. it's getting bad out here. but not saying hardly any birds squirrels you know. you know i don't know what's going on. concrete on our chief.

arduous country. seem to be. true. where did it take. to maggie to join us you're watching. today's top stories and a review of the week political and economic how he waits on the pacific rim vowed

to prevent europe's debt crisis from spreading the presidents of russia and the u.s. need on the sidelines of the apec summit to discuss missile defense syria and russia's future in the w. two countries watched their governments fall at the height of a debt crisis with italy's prime minister silvio berlusconi resigning and greece swearing in a new hat of cabinet. the u.n. atomic watchdog releases satellite images and letters which allegedly prove iran could be building a bomb iran says the accusations are fabricated and politicized. and police investigate fresh clashes in northern cost of war after nato peacekeepers fired tear gas at ethnic serbs at a disputed border crossing. special report reveals how toxic the american pharmaceutical industry can get in its pursuit of profit.