lou and this day's really bringing the most important meeting of the 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 custom 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 the work with some fun this is when 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 to 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 was 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. and 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 a 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's so far has been seeing that the those u.s. plans are a little too ambitious because one of the main clause of that pact in question would include basically a need for seat 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 u.s. grows 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 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 it's having trouble adjusting to what that means at the same time china is having a bit of a challenge adjusting to what really needs 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 and 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. those side talks at the apec summit put the finishing touches on russia's ascension to 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 it at that breaks down the arguments. for 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 because food for months ahead and workers look inspired. but the hat 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 two wisely firstly entry to the w.t. doesn't mean you instantly have to drop all customs tires and comply straight away

there's a 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 agriculture timber and come making but at a certain point the state's industrial dependence will have to let go of its hands 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 riots there is fierce a serb resistance and possible after russia clashes resulted in death and injury. 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 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 as prime minister for a total of ten years in three separate terms are to sarah 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 and 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 of very much hoping 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's 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 of course these reforms long promised and we fail to see them be delivered safer but he faces an absolutely huge challenge ahead of him with a feeling amongst the people in italy is certainly with silvio berlusconi resigned as prime minister and with mary monti 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 in is 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 i have 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 you're going to need support and already there are questions about whether mario monti is 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 across that the public supports as well because they're the ones who face these very painful austerity measures the eighty hikes pension because job cuts all things that a lot of economists i've spoken to said not of course conducive to good 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 now is 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. 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 in the latest wave of crackdowns on anti-government protests this comes as the head of russia's orthodox church visits

the country in a bid to bring an end to the bloodshed author and journalist tom 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 here they just say it's civilians where are they getting the weapons from lockheed martin exhibiting in the dubai said the profits are up they said profits are very good in the middle east at the moment what i think i fear and what 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 staff and as i understand it is advising its citizens to leave syria to turkey is playing a game here too and the media is playing

a massive game qatar's television station al-jazeera very obviously wanting the four of us out of the moment and the western media to 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 on declared nuclear power itself but russia is stressing the need for caution over what appears to be an inconclusive report iran's brushing the allegations aside blaming the u.s. for putting pressure on the international atomic energy agency iranian lawmakers are now calling for view of the country's cooperation with the iranian political scientist saeed mohammad marandi says the i.a.e.a.'s findings are biased and deeply flawed. the whole report itself it's based on forged documents there is absolutely nothing new in the report all the documents are from the year two thousand and four

and before there is 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 saudi ambassador 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 i've been refuted in the past the united states has never provided the i.a.e.a. with the documents this shows that this is basically an attempt to create. pressure and to to move public opinion against iran. 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. command of europe's last dictator turns against flash mobs fellow russian

leader alexander 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 deer in the water sports fans that's all on our web page at r.t.e. dot com. in london two russian billionaires go head to head exiled tycoon boris but it's all ski and chelsea football club owner little mana but imo they are locked in what's said to be the most expensive private court case britain has ever seen our correspondent ivor bennett has been monitoring the hearing. it's been dubbed the battle of the oligarchs in one corner is mr a estimated well fifteen billion assets

for your chelsea 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. his rise to riches is a story precious few knew until now his turn in the witness stand has lifted the lid on a mike in the shadows he revealed how some of his companies employed primarily disabled staff lending 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 morgue you know the only difference between a rotten p.r. 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 and promote it for six and a half billion dollars they set up the oil company sit next to gether 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 mr b. . 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 as five russian one cars one is becky 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 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's artsy

london e.u. police are investigating fresh clashes in northern cause of all which resulted in a serbian man's death and two injuries gunfire broke out during a fight between ethnic albanians and serbs along the serb cross 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 a serb barricade the u.n. secretary general says the tension has been caused by kosovo's attempts to extend its control over border crossings in the serb downloaded area political analyst alexander pov it believes there's a bigger picture behind nato's 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 sawing of the new world disorder and serbia is one of the flashpoints tension has been growing in kosovo for months but life goes on for serbs who remain passionate about their fight against nato peacekeepers and the course of our artie's aleksei at a show of ski takes a deeper look into the ongoing dispute. i know that. perhaps not an obvious venue for a wedding but this serbian couple living in northern ca civil decided to get married at the barricades and need. to cool off to get it to be this year and does no do it who would invent. a way to dress it. with 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 for troops but also from their unwanted neighbors this is the famous bridge in that of it's the which splits the town into serbian and 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 tensions are still running high just a few kilometers. for every sound off the call the case for troops managed to demolish serbs built two piles there are times when the two poles says take place. here and we've done our bit. 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 civil servants have become accustomed to living in 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 . supplies prevented a humanitarian catastrophe. another deadlock in this balkan melting pot continues belgrade is still unwilling to resume negotiations with pristina which could put great through this standoff but while politicians clash this serve 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 what views they will inherit once they grow up. r.t.

reporting from costs. in kosovo. the republic of south has taken to the polls in the first presidential election since again to international recognition recognition in two thousand and eight however no winner has been determined in the first round of the vote two candidates will now go through a runoff vote the current emergencies minister of the beatles and former education minister zoya both going to around twenty four percent of the poll the next round is scheduled to take place and two weeks time. now to some other stories from across the world a powerful explosion killed six people in northwest pakistan the bomb was placed in a car left unattended in the province near the afghan border no one has so far claimed responsibility but officials have blamed previous violence in the area on taliban and islamised militants this comes just a day after

a dozen people died during a gunfight and a mortar attack in the same region. in portland police have surrounded occupy protesters in a central park after they defied orders to disperse officer but tolerance and threatened arrest if the demonstrators failed to comply the protests are part of the larger movement which is protesting social and economic inequality and corporate greed in america and around the world. russia has ushered in a new era of energy security for western europe with the launch of the north stream pipeline it's now pumping russian gas directly to germany ruling out any rows with transit countries which had previously left european consumers out in the cold artie's daniel bushell watched as the receiving end of the pipeline was unveiled. the wheel of fortune turns in europe's favor a year leaders hailed russia's first of a 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 nothing will bring admission and give us a tool that brings a very important admission and security off the price or with it and it is there we traveled the world. he said in a tough secure we very essential but this security comes with a hefty price tag the project cost some eight billion euro in fact nordstrom operate together as promised told by many top home list that the world's longest subsea gas route was doomed to failure this is a pipeline they said couldn't be built it's too long too expensive and take nuclear 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. for guess 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 that the third line could also be built don't mean that they fall at all the capacity of existing against your show by both is still not enough expansion or not steady what will be discussed but is so so many 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 europe even integrate europe and russia into a common energy space and if this space. be successful then we can think about

creating and common economic space free trade zone as the first guest began to flow optimistic leaders were all smiles the next few months will show if streams really the start of a new era between the e.u. and russia or just another point dream. in germany. and i'll be back with a recap of this week's top stories and today's headlines in just a few minutes don't go away. the.

culture is that so much different each musician is the person on the mark when is it do you show all over again united nations nuclear watchdog the i.a.e.a. claims in a new report has been around is moving ever closer. world . science technology innovation all the moves developments from the round russia we've got those huge earth covered. half past the hour here's a quick recap of your headlines at the apec summit in hawaii asia and the pacific rim is most powerful economy star work on

a possible game changing free trade zone this as tensions rose between beijing and washington which some analysts put down to the point scoring ahead of new year's u.s. presidential election. prime ministers of both italy and greece fall and new governments are appointed as their country is drowning in debt. mario monti has taken over in italy and lucas papademos and greece both are likely to head up tough technocratic governments and implement unpopular economic reforms. plus a un report claims iran might be seeking to obtain a nuclear weapon but teheran slams the allegations as the u.s. backed smear campaign iranian lawmakers are now reconsidering their country's cooperation with the day 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.