whole affair it's when the twenty one economies get together to sit down around a big table around table for discussion on the topics that they're hearing that they're really here for is the trade relationships between the twenty one economies the issues of lifting customs barriers creating a healthier investment climate and really trying to reach an open and free trade zone by the year twenty twenty and this is also a day when they get to mix work with some fun this is what the leaders will be gathering for a photo op when the where the national costume so we're expecting the twenty one leaders to wear some hawaiian shirts so this is really a fun occasion when they get to have a chat have a laugh at each other in the back and really give journalists an opportunity to decipher what all of their body language means and in other events today we're expecting a press conference from the russian president dmitry medvedev who will be summing up the events of the two days and of course next year it will be russia hosting the apec summit so this is certainly something that he is likely to address one of the key meetings of course with the bilateral talks between the russian and american

presidents where they discussed a whole wide range of different issues but importantly one of them was russia's accession to the world trade organization of course russia has been having a desire to join to join the w t o since one thousand nine hundred three and it should this is something that should be finalized and russia should become a full fledged member by the summer of two thousand and twelve and the russian president really thinks the u.s. president for helping out in this whole process he did say that this is the first u.s. administration that has actually been. positive when it comes to russia's accession to the world trade organization among other issues was of course of course the issue of missile defense where there are still some disagreements between russia and the united states because russia wants the u.s. to provide some legal guarantees that the missile defense plans in europe will not be a threat to russia's security among other issues of course iran the two leaders said that they want to have a joint kind of. plan to make sure that tehran follows its international

obligations so that's just a few of the very many topics being discussed here on the ground so far we have nine countries including the u.s. who have signed up to really start working on this pact to transpacific plan it's interesting that the united states has been trying to get more countries to join like you mentioned among them is of course china a major economy that's really making some here over in the united states paranoid that they might lose their sort of main spot is the number one world economy and it's interesting that china so far has been seeing that the those u.s. plans are a little too in vicious because one of the main clause of that pact in question would include basically a need for state owned companies who are get subsidies from the government to be on the same level really as private companies and since so many industries in china are run by. sort of state and equities it's really a complicated matter for china and would really require

a lot of restructuring so this is something that's really for now in the first stages and just includes nine countries for now and while the us girls critical over beijing's control of the value of the yuan c.e.o. of country risk solutions daniel wagner says it could take over as the world's reserve currency if china can meet expectations. china is really in the driver's seat in many respects and this is coming at an awkward time for the united states because the united states is clearly a declining power at the same time and is having trouble adjusting to what that means at the same time china is having a bit of a challenge adjusting to what it means to be a truly global player and it has in the past not really lived up to some of the expectations of some other of the world powers and it is finding its own footing in that regard there really isn't anything that can replace the dollar right now and i think everybody knows that the you want is not fully convertible on the capital in the current account certainly the euro doesn't look like it's in any position to

take the lead i mean what currency would take the lead at this point so i think in due course there will be an emerging shift and my guess is that the you one will ultimately take the helm but before that happens it's probably another five or ten years and the chinese are going to have to do a lot more to ensure that there's a great degree degree of confidence in the yuan going forward. side talks at the epic apec summit put the finishing touches on russia's ascension into the world trade organization expected next year experts have long debated whether membership will help diversify and strengthen the russian economy or not artie's a grouch over breaks down the arguments. of the person on the street w t o membership will not be just something we'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices or when ford goods drop and domestic companies also grow quicker with foreign markets

opening up. for workers of these metallurgical 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 so much the largest plant in russia's south producing harvested rushers is called the book is full four months ahead and workers who conspired. but the hand of the company has a rather different outlook to that of the w t o cheerleaders. our oil and gas will be in demand even without entering the well agriculture will tumble. agriculture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant of 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. i think that's is the government's favorite child but not all car makers in russia are as cherished this used to be a thriving plant of musk reach open the 1930's most successful years were 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 my screech was in desperate need of money but the government could not afford to loss making copper juices and musk reach was crossed out. the only way to avoid the collapse of yet another industrial giant experts say is to use the transition period after joining the w t a wisely firstly entry to the w.t. doesn't mean you instantly have to drop all customs tires and comply straight away

transit so-called transition period roughly seven years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as every culture timber and come making but at a certain point the state's industrial dependence will have to let go of its hand and walk on their own two feet in the world outside it but that should also be a somewhat easier place to do business in the reduction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the gretsch of a r t. coming up ethnic tensions on the rise there are fierce serb resistance and also well after fresh clashes result in death and injury. and in syria hundreds of thousands come out in support of the government after damascus is banned from the arab league for failing to end the deadly unrest in the country.

mario monti a former e.u. commissioner has been appointed the head of a new caretaker government in italy to pull the country back from the financial abyss this follows the resignation of silvio berlusconi who stepped down on saturday having ruled the country's prime minister for a total of ten years and three separate terms firth brings us the latest from rome . feeling bad about the start of another working week on monday spare a thought for the former commissioner mario monti has just been appointed by the president to form a new government and he now faces the massive task of pulling the country back from the financial abyss into which is currently staring say not your usual job description certainly but everyone a very much a playing he's up to the job and everyone's going to be watching extremely closely to see what the results of that will be now he is currently deciding on who will form that new cabinet around him an m.p.

i was speaking to recently told me it was expected that it will not only be a government of many technocrats but also a rather small gathering around him as well that would be with the intention of creating a more streamlined more effective government who is able to push through these are very serious reforms and can then actually have some of these achievements that have been so long awaited for in the country because these reforms long promised and we failed to see them be delivered safer but he faces an absolutely huge challenge ahead of him with the feeling amongst the people in italy is certainly that with silvio berlusconi resigned as prime minister with mary monti and now at the helm that it's silly at least dance a chance but certainly no one's assuming that this is going to be a quick fix to the very serious problems that the country still faces and of course is one thing to pass these measures and it's one thing to now see a caretaker government in the process of being formed and these decisions have

happened very quickly or has to be said this weekend but of course absolutely desperate right now to send the message that they are able to get a grasp on the very serious situation in the country but there's still a lot to be done and these reforms actually have to be implemented and that's going to take years before we see the results of that that you're going to need. democratic legitimacy he going to need support and already there are questions about whether marymount he's going to be able to gain that support in parliament because he's going to need that to push through these measures that's going to be very very important in the coming days and weeks also whether he's going to be able to get a grasp of the public support as well because they're the ones he face these very painful austerity measures v.a. t. hikes pension cuz job cuts all things that a lot of economists i spoken to said not of course conducive to goodness which is exactly what the country needs right now he's a very well respected economist in the country he's certainly going to be watching

very very closely the man that a lot of people think is the right person to guide the country through a very tough time but as he said the task ahead of him is absolutely huge is nickname here is super mario and everyone's going to be certainly hoping he's going to live up to that and he will need to deal with the challenges that lie ahead investment advisor patrick young says that unless the eurozone take serious action no amount of power shifting will help solve its problems. to syria now i think the real problem here is the idea that suddenly overnight because we change the brand and the name of the man who's taking over the door of the office of prime minister we suddenly get a miraculous change in italy and the truth is italy has a huge amount of debt they need to sell that debt in the very near future in order to manage to ensure that they can pay the salaries of teachers and other members of the public service and ultimately it's going to be very difficult come what may because the markets have lost faith not just in italy but in fact in europe's

so-called political leadership who are doing anything but leading nothing is being led in europe no solutions are being made and everybody is ultimately playing politics with the livelihoods of individual workers in europe and that's a disaster for everybody the euro itself is probably going to implode by the end of the ear perhaps even the end of this month on lest we see some serious action. to syria now where hundreds of thousands of government supporters have rallied in cities across the country angered at syria's suspension from the arab league damascus has since called for an emergency meeting of the organization in an attempt to reverse the decision the league decided to suspend damascus in an attempt to force president assad to implement a peace plan to end the deadly unrest meanwhile dozens more people have reportedly been killed across the country on sunday and the latest wave of crackdowns on anti-government protests this comes as the head of russia's orthodox church is in the country in a bid to bring an end to the bloodshed author and journalist snatching

a top see things the conflict in syria is being fueled from abroad and could drag on for some time. many syrian soldiers have died in the conflict they don't normally report but here they just say that civilians where are they getting the weapons from. exhibiting in the. profits are up they said profits are very good in the middle east at the moment what i think i fear many analysts may be feeling at the moment is that a saudi backed proxy war will continue and there will be an insurgency that is fighting in syria against the assad government who continue to cause instability in syria and beyond and this will be a sort of slow burn phenomena with the united states and europe taking a kind of backseat almost and also forget that turkey has been actively involved in the even told us diplomatic. because of rising its citizens to leave syria to turkey game here and the media is playing a massive game qatar's television station al-jazeera very obviously wanting the

four of us out at the moment and the western media to. and remember you can always find more stories on our website here's a glimpse of what else you'll find at our t. dot com. the man dubbed europe's last dictator turns against flash mobs belorussia leader alex on that it takes a tough stance on freedom of assembly. plus you can find a report by our close up team that traveled to russia's black sea coast to see how the popular resort is attracting growing numbers of water sports fans that's all on our web page at our dot com. a report by the un's atomic watchdog has heightened fears this week that iran could

be developing a nuclear weapon israel is now calling on the international community to act despite being under clear nuclear power itself but russia is stressing the need for caution over what appears to be an inconclusive report arounds brushing the allegations aside blaming the u.s. for putting pressure on the international atomic energy agency arraigning lawmakers are now calling for a review of the country's cooperation with the agency iranian political scientist saeed mohammad marandi says the i.a.e.a. has findings are biased and deeply flawed. the whole report itself it's based on forged documents there is absolutely nothing new in the or all the documents are from the year two thousand and four and before there was a general trend to try to put iran in a corner toward trying to corner iran if you recall just a few weeks ago the americans made outrageous accusations about some murder plot of the sodium bastard to the united states no one in the world believed it because it

was so absurd this now comes right after that this report if you if you look at the western media the corporate media they're all saying that this is new information it proves that iran is trying to produce nuclear weapons where in reality all the documents go back to two thousand and four and the previous years all of been refuted in the past the united states has never provided the i with the documents this shows that this is basically an attempt to create. pressure and to to move public opinion against iran. in london to russian billionaires go head to head exiled tycoon boris berezovsky and chelsea football club owner roman abramovich are locked in what's said to be the most expensive private court case britain has ever seen our correspondent iver bennett has been monitoring the hearing. it's been dubbed the battle of the oligarchs in one corner is an easter egg estimated well fifteen billion assets for your chelsea football club and

a french chateau in the other corner mr b. 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. which is rise to riches is a story precious few knew until now his turn 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 alimony and wars of the ninety's where we now know someone was murdered every three days not exactly the clean cut image 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 rottener people and here is p.r. has been very good presents a very benign 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 of the rather

sort of see the origins of his wealth it's a third of that wealth that. claims he's he's still a wanted man in russia he's suing mr ambrym over it for six and a half billion dollars they set up the oil company sit near together in the ninety's this debate as he claims he was blackmailed into selling his stake at 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 abbott is a rumored to be sixteen million dollars a barrel 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 denying they were

ever business partners it's not claim this case rides on but 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 one is becky paul 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 pujol strange deals records of meetings 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 b.'s lawyers mr a has hidden his billions in a complex web of offshore 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 artsy london

. e.u. police are investigating fresh class clashes in northern kosovo which resulted in a serbian man's death and two injuries gunfire broke out during a fight between ethnic albanians and serbs along the surface of a border late on wednesday earlier that day nato peacekeepers in the area used tear gas to quell resistance as they tried to dismantle serb barricades the un secretary secretary general says the tension has been caused by kosovo as attempts to extend its control over border crossings in the serb dominated area political analyst aleksandr pottage believes there's a bigger picture behind made us actions. they've been doing it for years now and they've broken their mandate actually they're doing the job of the albanian control government in prishtina and they're doing it openly in spite of their mandate from the un which is supposed to be a peacekeeping mandate to keep to the warring sides separated this is an aggressive show of force i mean they're acting like an occupier he said of the peacekeepers

they're behind the crisis in greece they're behind the crisis in iran what we're seeing right now is the sowing of the new world disorder and serbia is one of the flashpoints. now to some other stories from across the world a powerful explosion has killed six people in northwest pakistan the bomb was placed in a car left unattended in the khyber province near the afghan border no one has so far claimed responsibility but officials have blamed previous violence in the area on taliban and islamic militants this comes just a day after a dozen people died during a gunfight and a mortar attack in the same region. brazilian police are carrying out a massive operation to clear rio de janeiro's the largest slum of drunk drug gangs there a scene a shantytown controlled in parts by local criminal groups is officially home to seventy thousand people although some estimates say the real figure is much higher the project is aimed at cutting crime in the city ahead of the two thousand and

fourteen football world cup and the twenty sixteen olympics. there are public of south the says he is taking to the polls in its first presidential election since again international recognition the new new leader will have his hands full with the country still recovering from a devastating war to secure independence from georgia three years ago artie's medina coach nova reports. this is the first election for a decade not to feature the current leader of some percent and to want to conclude and many have already called to the vote one of the most unpredictable because of the sheen number of people eager to get their hands on the reins of power seventeen candidates were sent to battle for the top job but just a couple of days before the election that figure dropped to eleven when some hopefuls decided to join forces feeling they had a better chance fighting to get then fighting. words on the streets of south ossetia because the current ministers from urgency situations and that of as

favorite. we need to start from the development of our region the development of the infrastructure economy and tourism which are. indeed the number one challenge is to rebuilt the devastated region following the war with george and three years ago the capital of south the sentience he involve still looks like more of a construction site than a home to around thirty thousand people but other candidates feel there is something far more important than houses that need solid foundations. at the phone call main problems are not damaged buildings and roads but mostly the lack of unity among the people of our republic we don't feel like we are one nation but is always they are resilient people here are pushing their hopes in the future. and i would like the future president to finish what the former one started to finish the construction. south asserts it needs economic development that's the first thing

that should be done with so many candidates standing the need for a second round runoff is the only thing that looks certain about this election my final question are you see reporting from south ossetia a technical failure affecting russia's first interplanetary mission in fifteen years has dealt a huge blow to hopes of getting a better understanding of how the universe evolved there are now fears that the thirteen. probe will crash back to earth having never reached its goal parties time barton reports from the baikonur launch station. hopes were high when the phobos rocket was launched from the cosmodrome here in baikonur in kazakstan it was the first interplanetary mission russia had 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 that burst stage with a rock it went ok it went off into the over it's over but then the problem started the second stage was supposed to commence with the cruise rockets firing that would carry the phobos spacecraft on a 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 the beginning of december they predicted date given at the moment is the twenty sixth of november as earth's gravitational field slowly pulls the 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 but believe that we or some kind of. luck of course.

maybe some system social so busy this week which we shall pay attention to who the quality of work or interest. the species is really complex who will not be so goes for those who are sometimes the tiny. piece of metal can be a quarter so we feel the whole rock 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 are very small and so are the chances that it will cause any harm but the chance is there and that's what experts in mission control are trying to avoid. and i'll be back with a recap of this week's top stories on today's headlines in just

a few minutes don't go away. twenty years ago the largest country in the. disintegrative that's.

what had been. meant to teach began a journey. where did it take the. world . science technology innovation all these developments from around russia we've got this huge earth covered. culture is that so much given to each musician to find the mark when is it the show all over again the united nations nuclear watchdog the i.a.e.a. claims in a new reports that iran is moving ever closer. to . thank you for joining us here's a quick recap of your top. he's on our team the apec summit in hawaii asia and the pacific rim his most powerful economies start working on

a possible game changing free trade zone while on the sidelines of the forum at the russian and u.s. presidents sat down to talk missile defense syria and russia joining the world trade organization. the prime ministers of both italy and greece fall and new governments are appointed as their countries drowning in debt mario monti has taken over in italy and lucas papademos and greece both are likely to head a tough technocratic governments and implement unpopular economic reforms. plus a un report claims iran might be seeking to obtain a nuclear weapon but slams the allegations as the u.s. backed smear campaign reining in lawmakers are now reconsidering their country's cooperation with the i.a.e.a. which they're calling a disappointment. as north stream gas enters europe for the first time we hear from the man who's been in charge of the ambitious project former german chancellor gerhard schroeder tells us why.